Making sure citizens have the opportunity to compete for good jobs here, and that they are ready to compete, is the fundamental goal of our Economic Development program.
We work to bring economic opportunity and growth to Lexington by making investments in our community to improve the quality of life, which in turn attracts good jobs and new economic growth, making new investments again possible.
It’s a continuing cycle that has brought us low unemployment and rising average incomes. More people are employed in Lexington now than at any time in its history.
Economic development partners
Lexington Fayette Urban County Industrial Authority
Industrial revenue bonds
Kentucky Business Investment Program
Lexington jobs fund
Designated Opportunity Zone
Tax increment financing
Workforce development
The availability of up to $300,000 in economic development grants was authorized by the Lexington-Fayette Urban County Council in the Fiscal Year (FY) 2018 Adopted Budget for the purpose of providing economic and workforce development services to supplement and support the work of the Urban County Government.
The FY’18 application process will be the application process for a 2-year funding cycle (FY’18-FY’19).
The award for FY’19 will be awarded contingent on approval of the funds in the FY’19 Lexington-Fayette Urban County Government budget cycle and contingent on each agency completing their respective grant outcomes.
The acknowledgment of this contingency will be agreed-upon by all awarded agencies in all grant award contracts.
Workforce Development in Lexington, Kentucky
LFUCG-UK Land Exchange
Through a land exchange, the University of Kentucky and the City are working together to meet long-term community needs.
The University is gaining title to several streets or portions of streets to improve pedestrian safety in and around the campus. The City is gaining 250 acres for the development of a business park with the goal of bringing good jobs to Lexington.