Hazard/Perry County Property
In the center of the Appalachian Coalfields, Hazard is a hub of commerce for Eastern Kentucky. Unlike many locations in this region, it benefits from three major state roads crossing through the county.
The economy of Perry County also will begin benefiting from increased federal and private investment through two major federal programs.
In 2014, it became part of the national Promise Zone, a new federal initiative that will give the area a competitive advantage in applying for federal grants and gain special assistance from various federal agencies that oversee housing, education, economic development, agriculture and safety.
It also is part of USDA Rural Development’s Stronger Economies Together program, which is helping the region enhance and strengthen the biomedical and life science field. It is one of only about 20 areas in the country to receive assistance through this national program, which is designed to develop and implement a regional economic development plan.
The property is:
- A total of 285.56 acres. Of that, 137 acres is flat, so minimal excavation work would be required.
- Well-suited for business or retail with more than 10,900 cars pass by the site every day.
- Located on the four-lane Hwy. 80, Kentucky’s longest highway, which begins near the westernmost part of the state at the Mississippi River and goes all the way to the Virginia state line.
- Equipped with most utilities, including a 12-inch sewer line, an 8-inch water line, electricity onsite and gas lines near the property.
- Zoned commercial.
- Near major national retailers.
More about Hazard-Perry County and Kentucky:
- Perry County has a large, available and affordable labor pool, where the average weekly wages are more than 20 percent below the national average.
- The population of Hazard is 5,000, and Perry County is more than 28,000.
- There are 10 four-year colleges and universities as well as several community and technical colleges within 60 miles of Perry County.
- Kentucky’s business costs are among the lowest in the country. A 2012 CNBC report ranked Kentucky’s business costs the lowest in the United States and fourth in cost of living.
- Kentucky has the lowest cost of electricity in the industrial sector among states east of the Mississippi River, the fourth lowest nationally and nearly 21 percent lower than the national average as of December 2013.
- Kentucky ranks as the seventh most business-friendly state in the country for new firms and the sixth lowest cost state in the country for new corporate headquarters, according to a 2012 Tax Foundation report.