Incentive Programs

Listed below are a few of Kentucky's Business Incentives and Financial Programs.  For a complete listing or to learn more about those listed below click here.

Kentucky Business Investment Program (KBI)
Provides income tax credits and wage assessments to new and existing agribusiness, regional and national headquarters, manufacturing companies, and non-retail service or technology related companies that locate or expand in Kentucky.

Kentucky Tourism Development Act (KTDA)
A sales tax credit incentive program designed to develop Kentucky's tourism industry.  Approved attractions may recover up to 25% of initial investment through a sales tax credit over a 10-year period.  Qualified tourism projects mus:
1.  Cost a minimum of $1 million;
2.  Attract at least 25% of visitors from out-of-state by the fourth year;
3.  Open to the public at least 100 days a year, and
demonstrate that the project will generate tax revenues to the state that will exceed the tax credit given to the company and shall not adversely affect existing employment in Kentucky.

Kentucky Small Business Credit Initiative
Designed to generate jobs and increase the availability of credit by reducing the risks participating lenders assume when making loans to small businesses.  Using three distinct credit enhancement programs, KSBCI will help lenders finance creditworthy small businesses that would typically fall just outside of their normal lending guidelines. 

Kentucky Agricultural Development Fund
The 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.