Owensboro’s Advantage for Back Office Headquarters

www.owensboro.com

Growing Center for Back Office Headquarters

Owensboro is home to a large professional service/ back office workforce, including US Bank which employs over 1,600 and six corporate headquarters which employ a large professional/ financial industry workforce

Owensboro has four colleges and universities enrolling over 8,000 undergraduates

Owensboro has a highly skilled and available workforce drawing from the Owensboro, KY and Evansville, IN MSAs with a combined population of nearly half a million

Owensboro Advantage in Back Office Headquarters

OWB offers two flights daily to Nashville and Atlanta as well as weekly flights to Orlando and Las Vegas

Owensboro is unique in that it has a municipally owned and operated fiber optic ring, as well as wireless, network. Connection speeds with T-1 fiber are up to 10 Mbps or point-to-point access with speeds up to 100 Mbps

The region is located within 600 miles of 41% of personal income, 53% of manufacturing employment, and 41% of retail sales in the country.

Low costs and abundant labor and energy

Owensboro Advantage: Business Cost ComparisonKentucky has the lowest overall cost of doing business when compared to other states

KY vs.Competitor

states

Overall Business Cost

Unit Labor Cost Energy Cost State and Local Taxes

Cost Index

Rank Cost Index

Rank Cost Index

Rank Tax Index

Rank

US 100 100 100 100

KY 92 13 97 24 67 3 91 12

CA 112 48 101 38 144 45 111 45

GA 95 21 97 24 91 26 91 12

IL 101 35 102 42 88 23 96 25

IN 89 5 91 11 77 12 91 12

MI 103 40 105 46 95 32 102 35

MO 93 16 96 21 72 5 86 7

OH 100 32 99 31 91 26 113 46

TN 89 5 89 8 84 18 79 3

Owensboro Advantage: Perfectly Sized for High Quality, Low Cost

Owensboro has a unique quality of life for a region its size.

Housing costs are 87 percent cheaper than the national average

Cultural and arts amenities rival many larger cities. Broadway Shows are built locally on the stage of the River Park Center.

Owensboro is a walkable and bicycle-friendly city with beautiful parks, including a 15 mile Greenbelt Park encircling the city

A $120 million downtown development is underway adding urban housing downtown

Owensboro Advantage: Cost of Labor

Average Weekly Wage

Owensboro Region

US Ohio Indiana Illinois Tennessee Virginia

All Industries $583 $818 $742 $703 $878 $722 $784

Information $714 $1,269 $988 $859 $1,177 $953 $1,449

Finance $635 $1,325 $977 $888 $1,448 $1,029 $1,168

Prof. / Bus. $494 $999 $885 $716 $1,083 $762 $1,221

Education and Health Care

$592 $752 $692 $693 $764 $778 $743

Other $434 $518 $456 $461 $549 $498 $626

Sites and Buildings

I-64/ I-65 Corridor- Highland Pointe Business Center includes 70,000 square feet of Class A office space. Ample land is available along the corridor for a build-to-suit business park along this north-south connector between I-64 and I-65.

Mid America Airpark- is a shovel-ready fully served business park adjacent to the Owensboro-Daviess County Regional Airport with 189 acres, including an 82 acre site on the east side of the airport property.

Existing Buildings- low cost lease options are available for several buildings in the 100,000 square foot range.

For More Information…

Nicholas Brake, Ph.D.

President/CEO

nbrake@owensboro.com

270-926-4339

edc.owensboro.com