Kentucky offers some unique opportunities when it comes to small businesses and a key driver of business growth: small business funding. Along with equity financing, business funding ;are a key variable in entrepreneurial success. The prospect of attracting such funding in Kentucky depends on an entrepreneur’s assessment of Kentucky’s funding approval rate and the local business environment.
Kentucky is probably the most recognizable Midwestern city in the nation. The area owes its history to its fertile farming lands – it has long been an agricultural hotspot for the nation. But like most of the Midwest, Kentucky also has a large amount of manufacturing in-state. While the American manufacturing industry has declined, there are still plenty of manufacturing and assembly plants in the state. Kentucky is quite rural, so there aren’t many major cities to choose from if you want to start a business.
This being said, there are still plenty of metropolitan areas for you to choose from if you want to start a new business. In this article, we will take a look at the top cities in the state to give you a better idea of where to start a new business. We also provide recommendations for small business funders that are good to work with.