Economic Development

Opportunity:
Enhance Kentucky’s job creation and retention efforts by strengthening tax credit and incentives program

Approach:

1. Modify eligibility in the Kentucky Reinvestment Act (KRA), which extended retention incentive offerings to manufacturing companies, to include service and technology firms that meet certain conditions to prevent the loss of Kentucky jobs to other communities.
2. Modify the Kentucky Investment Fund Act (KIFA) to make individual angel investors eligible for the existing investment tax credit to increase investments in start-ups in Kentucky.