Quick Facts

Quick Facts

- Business Cost
- Statistical Summary

Location

- Selected Market Centers

Sites

Buildings

Demographics

- Population

- Income

- Households

Workforce

- Total Available Labor
- Civilian Labor Force
- Unemployment Rate
- Commuting Patterns
- Average Weekly Wage

Education & Training

- Colleges
- Tech Schools
- Training Resources

Business & Industry

- Recent Location & Expansions

- Employment by Major Industry
- Major Manufacturers

Taxes & Incentives

Regulations & Permits

Utilities

Quality of Life

- Median Home Price
- Climate
- K-12 Education

Community Information

May 13, 2007

Henry County

LOCAL CONTACT

James Michael Ray
President
Henry County Economic Development Council
193 Sunnyside Meadows
Eminence, KY 40019
Phone: 502-845-2593
WEB: www.henrycokyed.com
E-mail: j.michael.ray@att.net

STATE CONTACT

Chuck Willis, CED

Assistant Director

Industrial Development Division

Kentucky Cabinet for Economic Development

300 West Broadway

Frankfort, KY 40601

PHONE: 502-564-7140

FAX: 502-564-3256

WEB: www.thinkkentucky.com

E-mail: Chuck.Willis@ky.gov

A product of the Kentucky Cabinet for Economic Development

Economic Development Information System

www.thinkkentucky.com/edis

	NOTES TO THE READER

	Labor Market Area
	Most of the Demographic and Workforce data that follow include totals for the community's labor market area. The map below is provided for your reference.

	A county's labor market area is defined by the adjacent counties and all other major commuting counties. The shaded area represents the labor market area for Anderson County.

	Dated Material
	This document contains material that is continuously updated on the Kentucky Cabinet for Economic Development's web site. For the most current information for this community please visit the following web site: http://www.thinkkentucky.com/community/cmntyindex.aspx?CW=89

	Technical Contact
	The state and local contacts provided on the cover page are intended for business prospects looking to locate or expand in the community. Questions regarding data sources, methodology and next expected update should be directed to: René True, Executive Director Office of Research and Information Technology Kentucky Cabinet for Economic Development 500 Mero Street Frankfort, KY 40601 PHONE: (502) 564-4886 FAX: (502) 564-3256 WEB: www.thinkkentucky.com/edis ReneF.True@ky.gov

Quick Facts

Page 1


	Business Cost
		Kentucky Index, 2004 (U.S. = 100)
	Labor Cost	86
	Energy Cost	67
	Overall Business Cost	86
	Kentucky has the 5th lowest overall business cost in the nation.

		Gross State Product Per Wage, 2004
	Kentucky	$2.21
	U.S.	$2.17
	Kentucky has the 23rd highest gross state. product per wage (1.91% higher than the U.S.).

		Industrial Electric Cost Per KWH, 2005
	Kentucky	$0.04
	U.S.	$0.06
	Kentucky is the lowest cost state for industrial electrical power.

	Statistical Summary

		Population 2006
	Henry County	16,185
	Labor Market Area	1,003,964


	Per Capita Income 2,004	$24,651
	Median Household Income 2006	$42,400
	Median Home Price 2004	$75,000

		Total Available Labor 2005
	Henry County	519
	Labor Market Area	30,891

		Unemployment Rate 2005
	Henry County	5.9
	Labor Market Area	5.9
	U.S.	5.1

		Average Weekly Wage 2005
	Henry County	$555
	Labor Market Area	$735
	U.S.	$782

Location

Page 2


	Selected Market Centers

Percent of U.S. Within

600 Miles of Eminence

Population

51%

Personal Income

49%

Retail Sales

48%

Manufacturing

Employment

58%


	Highway Distance to Selected Market Centers

	City	Miles		City	Miles		City	Miles
1.	Atlanta, GA	456	11.	Dallas, TX	873	21.	Nashville, TN	210
2.	Baltimore, MD	581	12.	Detroit, MI	328	22.	New Orleans, LA	742
3.	Birmingham, AL	402	13.	Houston, TX	1,060	23.	New York, NY	704
4.	Boston, MA	931	14.	Indianapolis, IN	122	24.	Norfolk, VA	637
5.	Buffalo, NY	516	15.	Jacksonville, FL	774	25.	Oklahoma City, OK	794
6.	Charlotte, NC	458	16.	Kansas City, MO	547	26.	Omaha, NE	731
7.	Chicago, IL	303	17.	Lexington, KY	69	27.	Philadelphia, PA	651
8.	Cincinnati, OH	65	18.	Louisville, KY	38	28.	Pittsburgh, PA	354
9.	Cleveland, OH	316	19.	Memphis, TN	416	29.	St. Louis, MO	297
10.	Columbus, OH	173	20.	Minneapolis, MN	715	30.	Wichita, KS	748

Source: DeLorme Map N' Go, 2000.

Sites

Page 3


	Available Industrial Sites

					Min. Distance To
Site ID	Site Name	Total Ac.	Largest Possible Tract	Rail	Interstate/ Parkway	Airport
103-006	Henry County Commerce Park	45.4	45.4	Possible	2.7	43
103-002	Henry County Industrial Park	48.2	37.3	No	0.2	40

NOTE: For detailed data sheets and site maps please visit our web site at: http://www.thinkkentucky.com/community/Sites.aspx.

Buildings

Page 4


	Available Industrial Buildings

	Bldg. ID	Building Name	Square Feet	Ac.	Min. Ceiling Ht.	Rail
	103-002	G & B Leasing Building+	46,590	61.2	24.0' minimum	No

NOTE: For detailed data sheets and photos please visit our web site at: http://www.thinkkentucky.com/community/Bldgs.aspx.
A "+" symbol following the building name indicates that the building is in the secondary listing.

Demographics

Page 5


	Total Population

	2002	2003	2004	2005	2006
Labor Market Area	987,496	990,502	995,585	999,310	1,003,964
Henry County	15,367	15,543	15,771	15,830	16,185
Eminence	2,215	2,236	2,257	2,257	N/A
New Castle	913	921	929	929	N/A

Source: Applied Geographic Solutions, Simi Valley, CA (Labor Market Area and County, 2005 and later);
U.S. Department of Commerce, Bureau of the Census (all other).


	Population by Selected Age Groups, 2006

	Henry County		Labor Market Area
	Number	Percent	Number	Percent
Under 15	3,215	19.9	198,237	19.7
15-24	2,151	13.3	129,879	12.9
25-34	2,006	12.4	128,962	12.8
35-44	2,331	14.4	146,224	14.6
45-54	2,454	15.2	154,867	15.4
55-64	1,942	12.0	114,058	11.4
65-74	1,205	7.4	68,578	6.8
75 and older	881	5.4	63,159	6.3
Median Age	38.2		38.2

Source: Applied Geographic Solutions, Simi Valley, CA


	Population by Race and Hispanic Origin, 2006

	Henry County		Labor Market Area
	Number	Percent	Number	Percent
White	15,197	93.9	827,784	82.5
Black	489	3.0	135,397	13.5
Am. Indian & Alaska Native	44	0.3	2,445	0.2
Asian	70	0.4	14,187	1.4
Native Hawaiian & other Pacific Islander	6	0.0	782	0.1
Other/Multirace	379	2.3	23,364	2.3
Hispanic Origin	460	2.8	26,682	2.7

Note: Hispanic is not a race category. A person can be white, black, etc. and be of hispanic origin.
Source: Applied Geographic Solutions, Semi Valley, CA

Page 6


	Population Projections

		2011
	Labor Market Area	1,026,563

		2010	2015	2020	2025
	Henry County	16,605	17,675	18,624	19,483

Source: Applied Geographic Solutions, Simi Valley, CA (Labor Market Area);
Kentucky State Data Center, University of Louisville (Counties).


	Personal Income

	1999	2004	Pct. Change
Henry County	$21,209	$24,651	16.2 %
Kentucky	$22,763	$27,265	19.8 %
U.S.	$27,939	$33,050	18.3 %
Labor Market Area Range	$14,083- $31,530	$16,754- $36,443

Source: U.S. Department of Commerce, Bureau of Economic Analysis.


	Households

	2006		2006
	Number of Households	Persons Per Household	Median Household Income
Henry County	6,403	2.52	$42,400

Source: Applied Geographic Solutions, Simi Valley, CA

Workforce

Page 7


	Total Available Labor

	Available Labor, 2005			Future Labor: Becoming 18 Years of Age (2006-2009)
	Total	Unemployed	Potential Labor Supply	Future Labor: Becoming 18 Years of Age (2006-2009)
Labor Market Area	30,891	29,812	1,079	54,589
Henry County	519	462	57	875

Source: U.S. Department of Labor, Bureau of Labor Statistics; Kentucky Cabinet for Economic Development (KCED); U.S. Department of Commerce, Bureau of the Census.
Note: Total Available Labor = Unemployed + Potential Labor Supply.
Unemployed - people currently not employed, but actively seeking work.
Potential Labor Supply: Determined by the national labor force participation rate minus each county’s labor force participation rate. Labor force participation rates are calculated by dividing the labor force by the population. NA (Not Applicable) applies to counties with a labor force participation rate greater than the national average.
Future Labor - people becoming 18 years of age (not part of the total available labor statistics).


	Civilian Labor Force

	Henry County		Labor Market Area
	2005	Dec. 2006	2005	Dec. 2006
Civilian Labor Force	7,894	8,155	507,291	521,406
Employed	7,432	7,758	477,479	497,399
Unemployed	462	397	29,812	24,007
Unemployment Rate (%)	5.9	4.9	5.9	4.6

Source: U.S. Department of Labor, Bureau of Labor Statistics.


	Unemployment Rate (%)

Year	Henry County	Labor Market Area	Kentucky	U.S.
2001	4.4	4.5	5.2	4.7
2002	4.4	5.4	5.7	5.8
2003	5.3	5.8	6.3	6.0
2004	4.9	5.3	5.5	5.5
2005	5.9	5.9	6	5.1

Source: U.S. Department of Labor, Bureau of Labor Statistics.


	Commuting Patterns

Residents of	2000	Percent
Working and Residing In County	2,839	40.6
Commuting Out of County	4,154	59.4
Total Residents	6,993	100.0
Employees in
Working and Residing In County	2,839	71.5
Commuting Into County	1,131	28.5
Total Employees	3,970	100.0

Source: U.S. Department of Commerce, Bureau of the Census, Journey-To-Work & Migration Statistics Branch.

Page 8


	Average Weekly Wage, 2005

	Henry County	Kentucky (Statewide)	U.S.	Ohio
All Industries	$555	$653	$782	$718
Agriculture, Forestry, Fishing and Hunting	0	520	447	447
Mining	0	1,003	1,388	1,068
Construction	569	687	808	777
Manufacturing	651	847	949	927
Trade, Transportation, and Utilities	568	615	690	645
Information	714	719	1,178	897
Financial Activities	754	835	1,235	943
Services	456	564	689	630
Public Administration	499	717	906	873
Other