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Kentucky

Incentives

Workforce

Capital

  • Kentucky Agricultural Finance Corporation provides capital access for agricultural diversification and infrastructure projects
  • Small Business Loan Program is designed to help small businesses acquire funding needed to start or grow in manufacturing, agribusiness, or service and technology
  • Kentucky Small Business Credit Initiative (KSBCI) is designed to generate jobs and increase credit availability by reducing the risks participating lenders assume when making loans to small businesses
  • Kentucky Enterprise Fund and Rural Innovation Fund provides seed-stage capital to Kentucky-based companies commercializing a technology-based product or process
  • Commonwealth Seed Capital LLC is an independent, non-profit fund that makes debt or equity investments in early-stage Kentucky business entities to facilitate commercializing innovative ideas and technologies
  • Community Development Block Grant Loans (CDBG) provides federally funded, low-interest loans through the Department for Local Government
  • SBIR-STTR Matching Funds Program offers competition-based matching loans from the Kentucky Cabinet for Phase 1 and Phase 2 federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) awards
  • Direct Loan Program (KEDFA) encourages economic development business expansion and job creation by providing business loans to supplement other financing
  • Industrial Revenue Bonds (IRB) can be used to finance manufacturing projects and warehousing areas, major transportation and communication facilities, most health care facilities, and mineral extraction and processing projects
  • Kentucky Enterprise Initiative Act (KEIA) assists new or expanded service or technology, manufacturing or tourism attraction projects
  • VENCAP Kentucky is designed to increase businesses’ access to seed-, early- and expansion-stage capital by providing venture capital funding to entrepreneurs who have attracted a lead investor 

Tax Credits

  • Kentucky Business Investment (KBI) Program provides income tax credits and wage assessments to new and existing agribusinesses, regional and national headquarters, manufacturing companies, and non-retail service or technology-related companies that locate or expand operations in Kentucky
  • Kentucky Small Business Tax Credit (KSBTC) is designed to encourage small business growth and job creation by providing a non-refundable tax credit to eligible businesses hiring one or more eligible individuals and investing in qualifying equipment or technology
  • Angel Investment Tax Credit offers tax credits on an investment in Kentucky small business
  • Kentucky Investment Fund Act (KIFA) provides tax credits to individuals and companies that invest in approved venture capital fund

Infrastructure

Research and Development

  • Kentucky Agricultural Development Fund provides incentives for innovative proposals that increase net farm income, stimulates markets for Kentucky agricultural products, creates new ways to add value to Kentucky agricultural products, and explores new opportunities for Kentucky farmers

Other

The REDI Cincinnati team is available to connect you with our partners in Northern Kentucky to talk about additional incentives that may be available to your company. Connect with Kimm Coyner, Vice President, Business Development & Project Management to learn more.