I-71 Corridor Incentives

Kentucky Small Business Credit Initiative

Do to the risky nature of small businesses, many entrepreneurs struggle to find traditional lending opportunities to start or expand their business. In an effort to help mitigate the risk associated with lending to small businesses, the Cabinet for Economic Development offers three distinct credit enhancement programs designed to generate jobs and increase the availability of credit to small businesses by reducing the risk participating lenders, credit unions, and community development financial institutions assume. KSBCI will leverage funding from these private lenders to help finance creditworthy small businesses that would typically fall just outside a lender’s normal underwriting standards.

Category: Business

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Provides matching funds for employee training activities. Learn More
Provides tax credits for investments in employee occupational skills upgrades. Learn More
Federally funded grants for machinery and infrastructure for new and expanding business. Learn More
Provides lower financing rates and tax abatements for up to 30 years on capital investments. Learn More
Finance up to $500,000 in low interest direct loan project funding. Learn More
Provides income tax credits and wage assessments to companies locating or expanding in the state. Learn More
Provides sales tax refunds for building and construction materials along with eligible equipment for research and development. Learn More
Provides tax credits and employee wage assessments for manufacturing companies in imminent danger of closing. Learn More
Small businesses engaged in the manufacturing, agribusiness or service and technology fields often need to update or purchase equipment to remain competitive in today’s marketplace, but often securing those funds through traditional lenders can prove difficult for a variety of reasons. The Kentucky Economic Developmen... Learn More
Provides incentives for Kentucky companies that need to retool to be competitive in a global workplace. Learn More
The Paycheck Protection Program established by the CARES Act, is implemented by the Small Business Administration with support from the Department of the Treasury. This program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can als... Learn More
A reward for your success Your company may be eligible for a substantial tax credit just for doing what successful businesses do – grow! It’s simple. The Kentucky Small Business Tax Credit program offers between $3,500 and $25,000 per year for small businesses that have: Hired and sustaine... Learn More
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