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