Economic Development

 

Economic Development of Carter County, KY

 

Carter County’s location in a major east-west highway corridor like I-64, AA HWY, Ohio river, and railways have been helpful to its stable workforce and also represents an attraction to potential major employers considering EastPark’s two shovel-ready sites and one shell building.  Strong presence in crushed limestone and the last vestiges of refractories and garment manufacturing.   Elected local officials take the lead on recruiting prospective employers with help from the state and FIVCO Area Development District.

Total Population

 

2013

 

Labor Market 324,330

 

Area Carter County 27,370

 

Grayson 4,113

 

Olive Hill 1616

 

2014

 

Labor Market 324,061

 

Area Carter County 27,240

 

Grayson 4,105

 

Olive Hill 1609

 

2015

 

Labor Market 323,835

 

Area Carter County 27,158

 

(Source: Kentucky State Data Center, University of Louisville)

 

 

Carter County Summary

 

Per Capita income 2014 $28,953.00

 

Median Household $37,139.00

 

Income 2014

 

Median Home Price 2014 $50,000.00

 

Unemployment Rate 2015

 

Carter County 10.0%

 

Labor Market Area 6.9%

 

U.S. 5.3%

 

Average Weekly Wage 2013

 

Carter County $570.00

 

Labor Market Area $728.00

 

U.S. $957.00

 

 

Top 10 by Employment

 

Firm

                                                          Product/Services                                 EMP.        Year Established

Grayson

 

AA Limestone                                        Crushed & dimension limestone             21             N/A

 

AT&T Mobility                                        Wireless service provider                       488            2001

 

Cintas Distribution                                 Distribution center for uniforms              170            2000

 

Scott Mullins Pallets & Lumber Inc        Manufacture new wood pallets                   12              1993

 

Smithfield -Packing                                Ham, Pork Processing                           627            1991

 

Olive Hill

 

Carter Industries                                    Military Apparel; government contact    60              1996

 

Eugene Rayburn Lumber Co.                   Sawmill                                             13              1989

 

Globe Hardwood Inc.                             Secondary wood processing                  14              2001

 

Willard

 

Willard Milling Inc.                                 Pet food mixing & blending                   11              1986

 

(Source: Kentucky Cabinet for Economic Development 6/26/16)

 

 

Income

 

Employment by Major Industry by Place of Work, 2013

 

Carter County                         Labor Market Area

 

                                                        Employment              Percent                 Employment           Percent

 

All Industries                                        5,704                     100.00                      122,127               100.00

 

Agriculture, Forestry, Fishing & Hunting        10                          0.2                          N/A                      N/A

 

Mining                                                   74                          1.3                          N/A                       N/A

 

Construction                                           225                        3.9                          4,514                     3.7

 

Manufacturing                                       820                         14.4                         N/A                       N/A

 

Trade, Transportation, & Utilities               1,052                      18.4                        23,770                   19.5

 

Information                                            43                         0.8                          1,200                      1.0

 

Financial Activities                                  249                         4.4                          4,356                      3.6

 

Services                                              1,472                      25.8                        49,598                    40.6

 

Public Administration                               286                        5.0                          4,976                      4.1

 

Other                                                     1                         0.0                          N/A                         N/A

 

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

 

 

Highways miles from Carter County to selected cities

 

Atlanta, GA                453

 

Baltimore, MD            442

 

Birmingham, AL          500

 

Boston, MA                824

 

Buffalo, NY                462

 

Charlotte, NC             347

 

Chicago, IL                 409

 

Cincinnati, OH            120

 

Columbus, OH            135

 

Dallas, TX                    968

 

Detroit, MI                    324

 

Houston, TX                 1,089

 

Indianapolis, IN             229

 

Jacksonville, FL            725

 

Kansas City, MO           673

 

Lexington, KY               97

 

Louisville, KY               169

 

Memphis, TN               513

 

Minneapolis, MN         817

 

Nashville, TN               310

 

New Orleans, LA         839

 

New York, NY              615

 

Norfolk, VA                  480

 

Oklahoma City, OK      925

 

Omaha, NE                  863

 

Philadelphia, PA         538

 

Pittsburgh, PA             303

 

St. Louis, MO              431

 

Wichita, KS                 870

 

 

 

 

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Grayson Area
Chamber of Commerce

 

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Grayson, Kentucky 41143

(606) 474-4401

 

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