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 operations in Kentucky.  More...

Kentucky Reinvestment Act (KRA):  Provides tax credits to any existing Kentucky company engaged in manufacturing and related functions on a permanent basis for a reasonable period of time who will be investing in eligible equipment and related costs of at least $2.5 million.  More...

Kentucky Enterprise Initiative Act (KEIA):  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.  More...

Incentives for Energy Independence Act (IEIA):  Alternative fuel and renewable power facilities.  Incentives 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% of gross wages of each employee whose job was created as part of the project.  More...

Kentucky Environmental Stewardship Act (KESA):  Companies manufacturing products that have a substantial positive impact on human health and the environment. Can potentially recover up to 25% of the projects fixed asset cost and 100% of employee skills training.  More...

Kentucky Investment Fund Act (KIFA):  Provides tax credits to individuals and companies that invest in approved venture capital funds. Investors in KIFA approved funds are entitled to a 40% credit against Kentucky individual or corporate income tax or Kentucky corporate license tax.  More...

Bluegrass State Skills Corporation Skills Training Investment Credit:  Provides credit against Kentucky income tax to existing businesses that sponsor occupational or skills upgrade training programs for the benefit of their employees. 

Bluegrass State Skills Corporation Grant Reimbursement Program:  Provides matching grant funds for customized business and industry-specific training programs.

Kentucky Tourism Development Act (KTDA):   Incentives for qualified new or expanded tourism projects.  More...

Kentucky Tourism Development Loan Program:  This program is in place to assist small tourism attractions obtain financing necessary for the development or expansion of small tourism attractions.  More...

KEDFA Direct Loan Program:  Encourages economic development business expansion and job creation by providing below-market interest rate business loans to supplement other financing. Retail projects are not eligible.  More...

High-Tech Investment/Construction Pools:  Provide funds to help further the commercialization of a product, process, or other innovation. Incentives awarded are in the form of forgivable loans, with the amount of the loan primarily based on the applicant company’s projected high-tech job creation.  More...

Small Business Loan Program:  Designed to help small businesses acquire funding needed to start or grow their small business; 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 approved company must create one new full-time job within one year of the loan closing.

Tax Increment Financing (TIF):  A tool that uses future gains in taxes to finance the current improvements that will create those gains. The state participates with local governments and eligible agencies in three TIF programs: the Commonwealth Participation Program for State Real Property Ad Valorem Tax Revenues, the Signature Project Program, and the Commonwealth Participation Program for Mixed-Use Redevelopment in Blighted Urban Areas.  More...

Local Redevelopment TIF:  Available for use to redevelop blighted areas into mixed use development by using the incremental additional local taxes such as property or occupational taxes realized as a result of the development. The community or agency can request state participation in this program with certain additional requirements.

Local Vacant Land TIF:  This program is available to develop vacant land by using the additional incremental local taxes, such as property or occupational taxes, realized as a result of the new development (example: construction of infrastructure at a local industrial park). State tax increment is not available for this type of development area.

Industrial Revenue Bonds:  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.

Commonwealth Small Business Development Corporation (CSBDC):  SBA 504 Loan Program

NKADD Revolving Loan Fund Program:   Lower than market-rate loans for small businesses that are unable to obtain sufficient private financing

Community Development Block Grant (CDBG):  Federally funded low interest loans

Linked Deposit Loan Program:  Loans up to $100,000 for small business and agribusiness

City of Bellevue

URCDA Economic Incentive:  Grant program intended to revitalize, develop and encourage new growth and commerce within the City.  Projects eligible for the funds include: 1) public infrastructure; 2) façade improvements; 3) parking creation; and 4) public/private partnerships. 

Off-street Parking Assistance:  To reduce the demand for on-street parking and to improve the quality of life in Bellevue by providing an incentive to (1) assist those with qualified disabilities to improve existing off-street parking where, because of their disability, utilization of such existing off-street parking is not feasible and (2) create new off-street parking for residential properties. The incentive shall be in the form of a grant to qualified applicants.

Rental Conversion Grant

Historic Preservation Grant:  Provides an economic incentive to assist property owners in Bellevue’s Taylor’s Daughters and Fairfield Avenue Historic Districts to repair, restore, protect, and / or recreate important historic architectural elements of a property according to the Taylor’s Daughters Fairfield Avenue Design Review Guidelines.

City of Dayton

Property Assessment Moratorium:  With prior approval, business and property owners can defer that added value of improvements from the taxable assessment of their property for a period of five years. A structure must be 25 years old or older and must undergo substantial rehabilitation to qualify.

Jobs Development Incentive Program:  Up to a forty percent (40%) reduction in occupational license fees for new projects locating in the community that create a minimum new annual payroll of $1,500,000.

Historic Investment Tax Credit:  A 20% investment tax credit is available for substantial rehabilitation of certified historic buildings and/or Landmarks that are income producing. Project must comply with the Secretary of the Interior’s Standards for Rehabilitation.

Paint Partnership Program:  Porter Paints, offers a discount on recommended exterior paint colors, all interior paints, and associated products for both rehabilitation and new construction. All properties located within boundaries of the former Enterprise Zone are eligible.

City of Fort Thomas

Property Assessment Moratorium:  City may freeze building owner’s property assessment at pre-improvement level for 5 years if the owner repairs, rehabilitates, restores or stabilizes an existing commercial facility at least 25 years old.

Building Façade Low-interest Loan Program:  Below-prime loan program that offers property owners low-interest rates and a streamlined loan process.

Porter Paints Discount Program:  50% discount on recommended exterior paint colors, all interior paints, and associated products for both rehabilitation and new construction.

Historic Tax Credits:  Taxpayers investing in the rehabilitation of eligible buildings may be able to take advantage of one of two federal tax credits and a state tax credit.

City of Newport

Job Development Incentive Program:  The City offers up to a forty percent (40%) reduction in occupational license fees for certain projects locating in the community. The JDIP is available in three variations: Industry, Service, and Technology (requires $250,000 in new Newport payroll), Licensed Professionals (no minimum payroll requirement), and Signature (requires $15M in new Newport payroll).

Property Assessment Moratorium:  Business and property owners can defer the added value of improvements from the taxable assessment of their property for a period of five years. A structure must be 25 years old or older and must undergo substantial rehabilitation to qualify.

Historic Investment Tax Credit:  A 20% investment tax credit is available for substantial rehabilitation of certified historic buildings that are income-producing. Project must comply with the Secretary of the Interior’s Standards for Rehabilitation. A 10% credit is available for buildings built before 1936 that are not certified as historic.

Paint Partnership Program:  Sherwin-Williams, Co., 2292 Monmouth Street, offers a discount on recommended exterior paint colors, all interior paints, and associated products for both rehabilitation and new construction.

City of Wilder

Wilder Jobs Development Program:  Wilder offers a 50% reduction in the quarterly occupational license fees remitted to the City by an approved company for a term not to exceed 10 years.  The approved company must have a minimum annual payroll of at least $6 million and create a minimum of 200 new jobs.