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New business creation in Ky. continues to rise

Jan. 18, 2014 @ 12:00 AM

FRANKFORT, Ky. -- A report from the federal government shows some good news for Kentucky enterprise.

The U.S. Bureau of Labor Statistics says the state led the country in new businesses created during the second quarter of 2013. That's the most recent data available.

Gov. Steve Beshear's office says almost 6,700 new businesses opened in Kentucky during the quarter, many of them so-called "micro-enterprises," or businesses with five or fewer employees. The number represents an increase of more than 6 percent from the same period a year earlier.

Kentucky ranked second nationally by percentage in new businesses opened during the first quarter of 2013, third during the last quarter of 2012 and fourth during the third quarter of 2012.

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