December 28, 2013

Larue County Benefiting from Elizabethtown Economic Growth

Hodgenville and Larue County will benefit from the growth in Elizabethtown and Hardin County, as it has enjoyed solid payroll growth since 2007. Much of that has been the result of jobs associated with Fort Knox.

As long as the next round of Base Realignment and Closure Commission is favorable to the area, this will continue to be the outcome in the region.

A recent report from the Kentucky Chamber of Commerce shows bordering Hardin County is among the better economically performing areas, along with Madison and Christian Counties; both of which also have military bases located in them.

The concern is how consistent the amount of dollars allocated to these bases will continue to remain level or increase. If it is decided to cut back on funding any time in the future, Hardin and Larue County will suffer as a result.

As for the overall state of Kentucky, since 2007, it still hasn't reached the job level it was at in 2007, still down by close to 34,000 jobs, or 2%.

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