Foreign direct investment has been an undeniably significant source of job growth in the Commonwealth of Kentucky over the past few decades. In all, more than 500 facilities across the state have foreign ownership ties to 34 unique nations. Taylor County is no exception to this trend. Representing a diverse industry base, which includes automotive components manufacturing and distribution, plastic tubing manufacturing and customer support operations, Taylor County’s internationally owned facilities showcase a dynamic and progressive business climate.
Time is money, and nowhere is that sentiment more evident than in the site selection process. Companies seeking to site a new business location look to eliminate as many barriers as possible to ensure a timely and cost-efficient transition. It’s for this very reason that Team Taylor County has taken the extra step in its site development efforts, taking the guess work and red tape out of the picture for prospective industrial clients.
Campbellsville has experienced a major jump in a national ranking of U.S. micropolitan areas, indicating a continued rise in growth and quality of the local economy.
A large portion of central and southern Taylor County has been designated as an Opportunity Zone. In 2018, the U.S. Department of the Treasury certified 144 Opportunity Zones in 84 Kentucky counties under a program in the Tax Cuts and Jobs Act of 2017 that aims to encourage long-term investments in low-income urban and rural communities nationwide.
Team Taylor County and INFAC North America, a South Korean automotive supplier located in Campbellsville, Kentucky have teamed up to showcase the community’s business advantages to new and expanding businesses. In a newly produced video, INFAC General Manager Brian Bland discusses the company’s decision to locate its North American plant in Taylor County 10 years ago and the many reasons for their success here.