| Incentive: |
Purpose: |
Principal Criteria: |
Contact Information: |
Project reimbursement of up to 80% of the incremental state tax value increase associated with the development of a project in order to cover up to 25% of the project's overall cost.
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To encourage economic growth through the development of transportation services, information technologies, or commercial, industrial, recreational, tourism, or education related projects.
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Minimum capital investment of $10,000,000 for a single project or investment directly tied to the development area.
25% of project revenues must originate from visitors who live outside of Kentucky Exclusively retail projects not eligible.
Minimum of 25 new full-time jobs created for Kentucky residents within 2 years of final authorization.
Limited to no longer than a 20 year time period.
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Terri Lovelace
Kentucky Cabinet for Economic Development
Department of Financial Incentives
500 Mero Street
Frankfort, KY 40601
Phone: 502.564.4554 ext. 4472
Fax: 502.564.7697
Terri.lovelace@k |
Last updated: 10/21/2011 4:05:59 PM