In 2020, Kentucky announced 223 new location and expansion projects that will create more than 8,000 new jobs and inject more than $2.28 billion into thecommonwealth. That growth continued throughout 2021 as the state continues to build on its strengths. While agriculture remains a top sector, the logistics andmanufacturing industries are also growing. Ford Motor Company and SK Innovation announced the biggest economic deal in the state’s history in September 2021, with electric battery plants in Hardin County that will create more than 5,000 jobs.
Kentucky Business Investment Program: Offers income tax credits and wage assessments to eligible companies that locate or expand operations in the state.
SBIR-STTR Matching Funds Program: Matches, on a competitive basis, up to $150,000 for Phase 1 and up to $500,000 for Phase 2 federal SBIR and STTR awards.
Kentucky Small Business Credit Initiative (KSBCI): Offers credit enhancement programs to help lenders finance credit-worthy small businesses that would typicallyfall just outside of normal lending guidelines.
Bluegrass State Skills Corporation Skills Training Investment Credit: Offers grants and tax credits to businesses that sponsors skills-training programs for theiremployees.
Cabinet for Economic Development
Frankfort Area Chamber of Commerce
Greater Louisville Inc.
Northern Kentucky Tri-ED
The Bluegrass State Skills Corp. (BSSC), a group attached to the Kentucky Cabinet for Economic Development, helps private-sector businesses establish industry-specific trainingprograms. The program received more than $6.1 million in funds in 2021 to train 18,000 workers at 111 facilities.
One Fortune 500 company headquartered in state:
Other large companies include: