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Bond Funds and Tax Credits for New & Expanding Industry

‚ÄčKentucky Business Investment (KBI) Program

KBI provides income tax credits and wage assessments to new and existing:

  • Agribusinesses,
  • Regional and national headquarters,
  • Manufacturing companies,
  • Alternative fuel, gasification, energy-efficient alternative fuels, renewable energy production companies,
  • Carbon dioxide transmission pipelines, and
  • Non-retail service or technology related companies that locate or expand operations in Kentucky.

Projects locating in certain counties may qualify for enhanced incentives. Review KBI program and guidelines.

Kentucky Enterprise Initiative Act (KEIA)

KEIA supports new or expanded companies engaged in:

  • Manufacturing,
  • Non-retail service or technology activities,
  • Agribusiness,
  • Headquarters operations,
  • Alternative fuel, gasification, energy-efficient alternative fuels, renewable energy production,
  • Carbon dioxide transmission pipelines, or
  • Tourism attraction projects 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 and for eligible equipment used for R&D, data processing equipment or flight simulation equipment. Learn more about KEIA.

Industrial Revenue Bonds (IRB)

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. Learn more about IRBs.