While doing research for the upcoming revision of the Commerce Lexington business prospectus, I had the opportunity to dig a little deeper into Lexington and the Bluegrass’ economic output.
Despite a solid base of manufacturing and automotive suppliers, the Bluegrass Region is mainly a service-based economy. By itself, manufacturing is a larger employer and wage-payer than any one service sector in the Bluegrass. However, when combined, the various service sectors easily outpace manufacturing in both employment and wages. Especially strong in the areas of healthcare and education, the service sector continues to be the main economic engine for the region.
The Bluegrass is a greater than $20 billion economy marked by consistent, sustainable growth. Between 2001 and 2006, the Bluegrass