Business Incentives Drive Investment

Provides income tax credits and wage assessments for qualified projects in manufacturing, headquarters operations, renewable energy, and other target industries.

Refunds sales and use taxes on building materials, equipment, and related construction expenses for eligible projects.

Offers tax credits to existing Kentucky businesses reinvesting in capital equipment, technology, or facility upgrades.

Provides flexible financing for manufacturing, logistics, healthcare, and mineral processing facilities through state and local bond issuance.

Offers Grant-in-Aid and Tax Credit programs to help employers train new and existing workers.

Delivers a tax credit for businesses providing occupational or skills upgrade training to employees.

Provides matching grant funds for customized, industry-specific training programs.

Improves loan access for small businesses by reducing lender risk and encouraging capital investment.

Provides loans of $15,000 to $100,000 to startups and expanding businesses in manufacturing, agribusiness, and service industries.

Awards tax credits to businesses that create new full-time jobs and purchase qualifying equipment.

Offers a 40% tax credit to investors supporting qualified Kentucky small businesses.

Provides sales and use tax exemptions for qualifying data center projects.

Currently, the City of Richmond is reviewing local incentive programs. Please contact the Richmond Industrial Development Corporation for the latest information on local programs and eligibility.