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Eastern Kentucky Renewal Community

Kentucky Business Incentives
 
Kentucky's pro business climate provides a number of incentives for businesses. The Kentucky Economic Development Finance Authority (KEDFA) was established within the Cabinet for Economic Development to encourage economic development, business expansion, and job creation by providing financial support through an array of financial assistance and tax credit programs.
 
KEDFA's approval is required for participation in the loan and tax incentive programs, except the Skills Training Investment credits, which are approved by the Bluegrass State Skills Corporation. KEDFA meets the last Thursday of each month and projects must be received no later than two weeks prior to the KEDFA meeting date in order to be considered. The following tax and finance incentive programs are available:
 
TAX CREDIT PROGRAMS
Kentucky Rural Economic Development Act (KREDA)
Kentucky Industrial Development Act (KIDA)
Kentucky Jobs Development Act (KJDA)
Kentucky Investment Fund Act (KIFA)
Bluegrass State Skills Corporation Skills Training Investment Credit
QUICK REFERENCE CHART FOR KJDA, KREDA, EOZ & KIDA
 
OTHER BUSINESS INCENTIVES AND FINANCIAL PROGRAMS
Bluegrass State Skills Corporation Grant Reimbursement Program
Direct Loan Program (KEDFA)
Industrial Revenue Bonds (IRB)
Alliance Assistance
Angel Capital Electronic Network (ACE-NET)
Commonwealth Small Business Development Corporation (CSBDC)
Community Development Block Grants Loans (CDBG)
Kentucky Tourism Development Act (KTDA)
Linked Deposit Program
Local Government Economic Development Fund (LGEDF)
 
The State of Kentucky offers a Business Information Clearinghouse to help in determining licensing needs for both state and federal requirements. Through the One-Stop Business Licensing Program, Kentucky offers complete licensing information for opening a business in Kentucky and, in many instances, can provide the actual applications and forms needed.
 
For more information on doing business in Kentucky, download the Kentucky Business Guide.

For more information contact:
Susan Wilder · Executive Director
Booneville/Owsley County Industrial Authority
P.O. Box 637 · Booneville, KY 41314
Phone: 606-593-7296 · Fax: 606-593-7781
Email: swilder@owsleycountykentucky.org