South Western Kentucky EDC | 2800 Fort Campbell Blvd | Hopkinsville, KY 42240 | 270.885.1499 | info@southwesternkentucky.com
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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

Oct 26, 2018

Vertical Co. Announces Kentucky Hemp Operation
Washington, D.C. -- Vertical, one of the nation’s largest integrated hemp companies, will christen its new Trigg County facility on…
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Aug 17, 2018

DENSO Air Systems Plans $3.5 Million-Plus Expansion in Hopkinsville
Auto supplier expected to double plant size, create 45 jobs   FRANKFORT, Ky. (June 28, 2018) – Gov. Matt Bevin…
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Jan 23, 2018

Novelis to Create 125 Jobs with New Aluminum Plant in Todd County
Approximately $305 million processing facility for automotive-grade sheet to open in Western Kentucky by 2020     FRANKFORT, Ky. (Jan.…
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For more information, contact Mark Lindsey: 270.885.1499 or .(JavaScript must be enabled to view this email address)
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