South Western Kentucky EDC
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Energy and Environment

  • Kentucky New Energy Ventures Fund 
    The Kentucky New Energy Ventures Fund provides seed stage capital to support the development and commercialization of alternative fuel and renewable energy products, processes, and services in Kentucky. The funds exist to stimulate private investment in Kentucky-based technology companies with high growth potential. KNEV makes grants of $30,000 and investments ranging from $250,000 to $750,000+. Qualified companies must be Kentucky-based and funds are to be used for business development activities.

  • Incentives for Energy Independence Act – IEIA (PDF) 
    Requires a capital investment of at least $25 million for an alternative fuel facility using biomass, or an investment of at least $100 million for an alternative fuel facility using coal, as its primary feedstock. A capital investment of at least $1 million is required for a renewable power facility that meets minimum electric output standards based upon the power source. The negotiated incentives cannot exceed 50 percent of the capital expenditures and may include a reimbursement of sales and use taxes paid on tangible personal property; a tax credit of the income tax and limited liability entity tax owed by the company; and, wage assessment incentives up to 4 percent of gross wages of each employee whose job was created as part of the project. Advanced disbursements may also be available.

  • Kentucky Environmental Stewardship Act (KESA) (PDF) 
    For companies manufacturing products that have a substantial positive impact on human health and the environment. Companies with projects approved under KESA must have at least $5 million in eligible cost and can potentially recover up to 25 percent of the projects fixed asset cost and 100 percent of employee skills training. The tax incentive is available for recovery over a 10-year period.

 


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RECENT NEWS

Mar 1, 2017

SWK EDC Hosts Workforce Series on How to Attract Young Talent
Hopkinsville, Ky - The South Western Kentucky Economic Development Council will host a half-day seminar on Economic Develompent 101 and Attracting…
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Jan 25, 2017

Freudenberg Cuts the Ribbon on $2M New High-Tech Equipment
HOPKINSVILLE, Ky - Freudenberg Filtration Technologies opened a new $2 million high-tech, highly-automated line today in a ceremony attended by…
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Jan 25, 2017

US Tobacco Announces $40M Investment at Hopkinsville Facilities
HOPKINSVILLE, Ky - Brian Quigley, President & CEO of US Smokeless Tobacco Company, and Governor Matt Bevin today announced a combined…
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