Incentive Programs
Incentives are available for businesses locating in and growing in Ohio County, KY. At the state and local level, there are programs in place to promote investment, job creation and development. Navigating through these incentives can sometimes be challenging, so businesses are encouraged to contact OCEDA for information and support.
State Assistance
The State of Kentucky offers many options for tax abatements, direct loans for small businesses, and grant opportunities. The county seat, Hartford, is continuing to grow and expand by applying for improvement grants for tourism and more.
Local Assistance
The OCEDA works hard to stay connected to all local assistance programs and is available to help with business relocation, new building development or small business real estate. Local incentive programs are available through the OCEDA and include providing information on the local Opportunity Zone, access to revolving loan funds, and tax incentives.
Results
The importance of a skilled workforce has never been greater. As companies think globally, it is vital that Kentucky's workforce be prepared to meet the hiring demands of employers. The Cabinet for Economic Development plays a significant role in keeping Kentucky's businesses competitive in the...
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The importance of a skilled workforce has never been greater. As companies think globally, it is vital that Kentucky's workforce be prepared to meet the hiring demands of employers. The Cabinet for Economic Development plays a significant role in keeping Kentucky's businesses competitive in the...
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The Lexington-Fayette Urban County Government participates in the Commonwealth of Kentucky’s Kentucky Business Investment Program. This program is a state administered tax incentive, authorized by KRS 154.32, which is approved by the Kentucky Economic Development Finance Authority.
Eligibility
In order to be eligible...
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The purpose of the KEDFA Small Business Loan Program is to help small businesses acquire funding needed to start or grow their small business. KEDFA may provide terms that are more lenient, less secure, or otherwise less stringent than industry standards. The program guidelines as...
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Eligible Companies
Any business entity primarily engaged in manufacturing or service or technology activities, agribusiness, headquarters operations, alternative fuel, gasification, energy-efficient alternative fuels, or renewable energy production, carbon dioxide transmission pipelines, or in operating or developing a tourism attraction in Kentucky. Eligible company does...
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The Kentucky Economic Opportunity Zone Program (KEOZ) focuses on the development of areas with high unemployment and poverty levels. The program provides an income tax credit of up to 100% of the Kentucky income tax liability on income generated by or arising out of the...
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Eligible Companies
Any business entity that manufactures an environmental stewardship product which is a unique product that has a substantial positive impact on the environment. Eligible Projects A project must have at least $5,000,000 in eligible costs to participate in the program. Approved companies...
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Investments in new and expanding manufacturing projects may qualify for tax incentives for up to ten years. Companies must create at least 15 new full-time jobs and must make a capital investment of at least $100,000 in land, buildings, fixtures, and equipment. The project's real...
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TVA offers a unique range of economic incentives that will benefit your project from start-up to long-term success in the Valley. Calculating TVA incentives is accomplished using both economic and power system metrics to create a profile of your company’s value to the region, and...
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