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List of incentives available in this location for quick easy reference below.

Incentives

Table key

• Incentive offered
• Incentive not offered
• Did not submit information

Cash grants/incentivesMore [+]Less [-]
Foreign investors may be eligible for economic development bonds or other grants depending on the nature of the economic development project.
Tax exemptionsMore [+]Less [-]
A Kentucky Enterprise Initiative Act approved company is eligible to receive a refund of sales and use tax paid for building and construction materials; research and development equipment; and, electronic processing equipment costing a minimum of $50,000. (Conditions Apply)
Property assistance / other fiscal incentive
Training and labor market assistanceMore [+]Less [-]
The Bluegrass State Skills Corporation (BSSC) Grant-in-Aid Program administers and funds Kentucky’s industry-specific training efforts through grants approved by the Board of Directors of the BSSC:  1) to act as a broker of skills training and employment services; 2) to facilitate and fund new training programs; 3) to administer any special state appropriations for industry specific training; 4) to fund train-the-trainer initiatives. The program allows for a 50% reimbursement for eligible training costs. The Skills Training Investment Credit Act is an economic development initiative, which aids existing companies in their efforts to develop a skilled workforce. It allows companies to recover 50 percent of their approved costs for occupational and skills upgrade training costs through an income tax credit limited to $500 per Kentucky resident employed not to exceed $100,000 per company per biennium.
Loan guarantees, cheap loans or financeMore [+]Less [-]
Loans are available through the Kentucky Economic Development Finance Authority (KEDFA) for fixed asset financing (land, buildings, and equipment) for business startup, locations, and expansions. No retail projects are eligible. The maximum loan amount is $500,000 and the minimum is $25,000. The Small Business Loan Program funds may be used to acquire land and buildings, purchase and install equipment, or for working capital. The minimum loan amount of $15,000 and the maximum is $100,000. Industrial Revenue Bonds (IRBs) issued by state and local governments in Kentucky can be used to finance manufacturing projects and their warehousing areas, major transportation and communication facilities, most health care facilities, and mineral extraction and processing projects. Businesses in Kentucky can obtain low-interest loans through the federally funded CDBG system. Several local governments and area development districts offer loans and other financial incentives for economic development projects. (Conditions Apply)
Exemptions from regulations
Target sectorsMore [+]Less [-]
Advanced Manufacturing Advanced Battery - Lithium Ion Alternative Energy
Sectors specific incentives

Sponsorship

If you are the authorised promotions agency for Kentucky and would like to have your location highlighted on fDi Atlas, you can contact our sales team on + 44 (0) 207 775 6667 or contact us here.