April 2026
The Lexington, KY market is gaining momentum as consistent top-tier economic development rankings, steady in-migration, and expanding mixed-use and industrial investment drive business growth, regional competitiveness, and increasing demand for housing.
Greater Lexington Region Earns Third Straight Top 10 Ranking
What This Means For You: For the third consecutive year, the Greater Lexington Region landed in the Top 10 of Site Selection magazine’s annual ranking of economic development activity in 2025 among Tier 2 regions between 200,000 – 1,000,000 in population. The Lexington Region moved up from ninth to fourth with 27 total projects among the Tier 2 metros and finished sixth in projects per capita.
Fritz Farm Undergoing $14.1 Million Retail Expansion
What This Means For You: Hendricks Commercial Properties (HCP) announced a $14.1 million expansion at Fritz Farm, the 52-acre mixed-use lifestyle center in south Lexington. The project will add three new retail buildings and more than 30,000 square feet of shopping and dining space to one of Lexington’s most popular destinations. Delivery of shell spaces to tenants is targeted for December 2026.
Komatsu To Acquire Remanufacturing Business Of SRC Of Lexington, Inc. In The United States
What This Means For You: Komatsu America Corp. has entered into an agreement to acquire the remanufacturing business assets of SRC of Lexington, Inc., a long-standing supplier of remanufactured components and parts for construction and mining equipment. The acquisition reflects increasing demand for Reman products, driven by growth in the installed base of quarry and mining equipment in North America since 2010, as well as strong customer and distributor demand for a regional Reman center.
KY Among Top 5 For 2025 Economic Development Projects Per Capita
What This Means For You: Kentucky once again has secured its place in the top five for economic development projects per capita as Site Selection magazine posted its 2025 Governor’s Cup rankings. The commonwealth has held a top-five ranking for six years. In the South Central region, Kentucky placed second for projects per capita, and third for total projects with 182 announcements that meet Site Selection’s criteria in 2025.
Kentucky Ranks No. 17 In U-Haul Growth State List For 2025
What This Means For You: Kentucky is the No. 17 growth state of 2025, according to U-Haul Growth Index migration data analyzing one-way customer transactions from the past calendar year. Kentucky climbs eight spots from its No. 25 growth ranking in 2024 to eclipse its previous highest ranking on the U-Haul Growth Index of 18th back in 2020.
