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

  • The Kentucky Small Business Investment Credit (KSBIC) – (PDF)
    The KSBIC program is designed to encourage small business growth and job creation by providing a nonrefundable tax credit to eligible businesses hiring one or more eligible individuals and investing at least $5,000 in qualifying equipment or technology. With certain exceptions, most for-profit businesses with 50 or fewer full-time employees are considered eligible for this program. The KSBIC program is limited to allocating a total of $3 million in tax credits per state fiscal year.
  • Small Business Loan Program (PDF)
    The Small Business Loan Program is designed to help small businesses acquire funding needed to start or grow their small business. A small business must be engaged in manufacturing, agribusiness, or service and technology. Loan funds may be used to acquire land and buildings, purchase and install equipment, or for working capital. The minimum loan amount is $15,000 and the maximum is $100,000. The approved company must create one new full-time job within one year of the loan closing. KEDFA can fund up to 100% of the project costs and the loan can be used in conjunction with other lenders. The term of the loan can range from 3-10 years.
  • Kentucky Microenterprise Loan Program (PDF)
    Provides technical assistance and business loans, up to $50,000, to entrepreneurs in 25 Kentucky counties that formerly had no access to such a program. Funds may be used for, among other purposes, working capital, equipment purchases and inventory purchases.
  • U.S. Small Business Administration
    Federal agency that provides a number of guaranteed loan and other financial assistance programs to small businesses.


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RECENT NEWS

Feb 19, 2018

WELCOME YAMAKIN (JAPAN) CO. LTD.
HOPKINSVILLE, KY (February 19, 2018) - The Board of Directors of the South Western Kentucky Economic Development Council (EDC) welcomes…
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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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Dec 6, 2017

Superior Graphite Expansion and Groundbreaking Ceremony Announcement
New Specialty Carbon Plant Groundbreaking at Hopkinsville, KY   October 17, 2017 - Superior Graphite announces the expansion and groundbreaking…
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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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