Incentives
Through Commerce Lexington Inc. and the Kentucky Cabinet for Economic Development , several major incentives are available to firms considering a Lexington area location. For more information, contact our economic development division at (859) 225-5005.
Economic Incentives
Kentucky’s General Assembly passed new legislation in 2009 combining a variety of incentive programs into one streamlined program called the Kentucky Business Investment program or KBI . Also included is a new incentive program for existing businesses for capital expenditures, the Kentucky Reinvestment Act or KRA .
The following information is meant to be a summary guide to Kentucky’s Incentive Programs as presented by the Kentucky Economic Development Finance Authority (KEDFA). As with all state administered tax incentive programs, any inducement offered to an eligible company is negotiated by Cabinet for Economic Development officials.
For more information on Kentucky’s incentives, please visit:
Knowledge-Based Economy Incentives
The Kentucky Innovation and Commercialization Centers (ICC) are dedicated to creating and growing high-growth, knowledge driven companies. Six regional offices comprise the network and are administered by the Kentucky Science and Technology Corporation (KSTC) under contract with the Cabinet for Economic Development.
The ICC network provides business-building talent and related services to the Commonwealth’s entrepreneurs, faculty, and scientists using a best practices model. For more information about knowledge-based economy incentives and startup capital, including SBIR/STTR Matching, the Kentucky Enterprise Fund, and the Commonwealth Seed Fund please visit:
