Demonstrating its economic strength, Kentucky's economy experienced a growth rate of 2.3% in the fourth quarter of 2019, surpassing the overall US growth rate of 2.1%. Small and medium-sized enterprises and businesses play a vital role in Kentucky's economy, constituting a significant portion of its private financial sector. To support these businesses, the state has collaborated with entrepreneurs through initiatives like the Kentucky Cabinet for Economic Development. This partnership provides small businesses with export grants, tax credits, and capital funding to assist them in establishing a strong presence in the competitive business landscape.
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