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Expert Says Kentucky is Poised for Economic Growth and its Water Supply is a Big Reason Why
Kentucky’s abundant water supply is a critical asset as the Commonwealth continues to grow. High-quality water supports various industries such as agriculture, brewing/distilling, education, healthcare and manufacturing, and attracts significant investments in those industries and beyond.
We wanted to hear from an economic development expert on what sets Kentucky apart from the rest of the nation when it comes to attracting new business, so we spoke with Sean Herrity. Herrity is the CEO of US Trade Consult, LLC, an Austin-based consultancy that advises foreign governments and companies on doing business in the United States.
Herrity, with more than 20 years of international experience in business development, was introduced to Louisville during a familiarization tour in 2023 after meeting representatives from Greater Louisville Inc. (GLI). After learning more about Louisville from GLI, Herrity was struck by Louisville’s vibrant business ecosystem.
“The hospitality and friendly nature of people and their zest for life made a good impression on me,” he said. “The availability and responsiveness of economic development offices and their eagerness to bring new business into their regions was notable.”
During the tour, Herrity participated in a blind water and bourbon tasting, which highlighted the significance of Kentucky’s water resources.
“The hidden gem to Kentucky is its clean water resources coming from the Ohio River,” he said. High-quality, plentiful water is essential for the state’s renowned distilleries and breweries. “It is no wonder why so many distilleries and breweries are located in Kentucky as clean water is required.”
From an economic development perspective, Kentucky’s blend of metropolitan and rural areas offers unique advantages.
“Kentucky benefits from a balance of economically strong metropolitan and rural areas, which is unique, and explains why you continue to see investments into manufacturing, logistics and transportation infrastructure in the rural areas and fringe areas to metropolitan areas like Louisville,” Herrity explained.
Comparing Kentucky’s water supply to other states like California, Herrity underscored Kentucky’s competitive advantage.
“Take a look at California for example and its extremely restrictive water resource policy. Kentucky’s clean water supply is worth its weight in gold for agriculture practices, distilleries and breweries, housing developments as well as commercial building projects.”
When Herrity examines a particular location from an economic development and investment perspective, there are three main questions he asks.
- Where is the lowest cost to do business?
- Where is the talent/workforce?
- Where are the customers?
Herrity said Kentucky checks each of the boxes.
“Kentucky, and especially the Louisville region, satisfy these criteria,” Herrity said. “The cost of living and the cost of doing business are low – double bonus. The University of Louisville, the University of Kentucky and numerous community colleges provide talent and workforce. The Louisville region is thriving in high-potential industries like manufacturing, logistics/transportation, healthcare and med-tech.”
Kentucky’s robust water supply is a cornerstone of its economic development strategy. It supports key industries, attracts investments, and provides a competitive edge over other states. With a business-friendly environment, a blend of metropolitan and rural areas, and a reliable supply of high-quality water, Kentucky is well-positioned for sustained economic growth.
