South Western Kentucky EDC
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Work Ready
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New and Expanding Industry

  • Kentucky Business Investment (KBI) Program – (PDF)
    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. Projects locating in certain counties may qualify for enhanced incentives. Click here to view a map of the enhanced incentive counties.

  • Kentucky Enterprise Initiative Act (KEIA)(PDF) 
    For new or expanded service or technology, manufacturing, or tourism attraction project in Kentucky. KEIA provides a refund of Kentucky sales and use tax paid by approved companies for building and construction materials permanently incorporated as an improvement to real property. It is also available for Kentucky sales and use tax refunds for eligible equipment used for research and development and data processing equipment.

  • Direct Loan Program (KEDFA) (PDF) 
    KEDFA encourages economic development business expansion and job creation by providing business loans to supplement other financing. The Direct Loan Program provides loans at below-market interest rates (subject to the availability of state revolving loan funds) for fixed asset financing for agribusiness, tourism, industrial ventures, or the service industry. Retail projects are not eligible.

  • Industrial Revenue Bonds - IRB (PDF) 
    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. Click here for the IRB Procedures.

  • Community Development Block Grants Loans - CDBG 
    Federally funded low interest loans made available through the Department for Local Government.

Job Retention

  • Kentucky Reinvestment Act (KRA) - (PDF) 
    Provides tax credits to an existing Kentucky company engaged in manufacturing and related functions on a permanent basis for a reasonable period of time that will be investing in eligible equipment and related costs of at least $2,500,000.

  • Kentucky Industrial Revitalization Act (KIRA) PDF 
    Investments in the rehabilitation of manufacturing or coal mining and processing operations that are in imminent danger of permanently closing or that have closed temporarily may qualify for tax credits. An eligible company shall also include one that has closed but resumes mining operations. Eligible entities include manufacturing companies that save or create 25 jobs and coal mining and processing companies that intend to employ a minimum of 500 persons and have a raw production of at least three million tons from the economic revitalization project facility.

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RECENT NEWS

May 17, 2017

Christian County awarded $4.2 Million Work Ready Skills Grant
In February, 2017, Governor Matt Bevin and Education and Workforce Development Secretary Hal Heiner announced $34 million in funding for…
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Apr 28, 2017

MSSC Makes $11 Million Automation Investment
MSSC, a Tier One automotive supplier, located in Hopkinsville Industrial Park, will invest $11 million in automated equipment for their stabilizer…
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Mar 31, 2017

TG Automotive Sealing to Invest $7.5 Million in Upgrades, Employee Training for Hopkinsville Plant
Projects will add air-conditioning, production equipment, employee certification and training program With a nearly $7.5 million investment, TG Automotive Sealing…
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For more information, contact Liana Mitchell Wallace: 270.885.1499or .(JavaScript must be enabled to view this email address)
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