Supporters of lower taxes in Kentucky got more ammunition yesterday with news of a 50 state report card rating states on how they treat their manufacturing and logistics companies.
Kentucky got one of seven F’s in the nation, ranking 45th overall. Low grades in education attainment and corporate and unemployment taxes dragged the state down. High grades in sales taxes and manufacturing’s percentage of the economy kept us from from joining West Virginia at the bottom of the rankings.
The report was prepared by the Bureau of Business Research at Ball State University.
Very interesting comments from the man responsible for the report:
“Mike Hicks, director of the Bureau of Business Research, notes that manufacturing and logistics industries in most of the nation are actually expanding, despite a general belief these sectors are declining.
“The condition of manufacturing and logistics remains remarkably misunderstood,” he said. “Despite record production levels, expanded investment and growth in both wages and productivity, the shrinking or static demand for workers results
in a mistaken caricature of these industries as dying. Nothing could be further from the truth.”
The 2008 State of the Industry Report found that 2007 was a record year for American manufacturers, with inflation-adjusted values higher than in any previous year. Nationally, growth in the production of goods continues to be robust.”
Probably won’t see any of this in the mainstream media.