While the Bluegrass State has seen its share of challenges in recent years, it is flush with business opportunities and is becoming known as a manufacturing hub, for everything from bourbon to electric vehicle batteries. In 2021, of the 21,000 jobs that were created statewide, 90% were in manufacturing, according to the Kentucky Association of Manufacturers. That momentum continued in 2022. Toyota, Ford, GE Appliances and AESC have made new investments or expansions here in the past couple of years.
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 creditworthy small businesses that would typically fall just outside of normal lending guidelines.
Bluegrass State Skills Corporation Skills Training Investment Credit (STIC): Offers grants and tax credits to businesses that sponsor skills training programs for their employees.
Kentucky Enterprise Initiative Act: Offers sales and use tax refunds for eligible companies investing at least $500,000 for construction costs, building fixtures, equipment used in research and development and electronic processing.
Kentucky Small Business Tax Credit: Encourages small business growth and job creation by providing nonrefundable tax credits to eligible businesses increasing employment and investing at least $5,000 in qualifying equipment and technology.
Team Kentucky Cabinet for Economic Development
ced.ky.gov
Frankfort Area Chamber of Commerce
frankfortky.info/business-resources/start-a-business
Commerce Lexington
locateinlexington.com
Greater Louisville Inc.
greaterlouisville.com/economic-development
Louisville Forward
louisvilleky.gov/government/louisville-forward
In July 2022, Gov. Andy Beshear rolled out the Kentucky Product Development Initiative (KPDI), a collaboration between the Team Kentucky Cabinet for Economic Development and Kentucky Association for Economic Development, which makes $100 million in state fund- ing available to support potential upgrades to sites and buildings statewide. KPDI provides an opportunity for local governments and EDOs to seek funding for trans- formative site and infrastructure improvement projects.
Based on CEO Survey by ChiefExecutive.net
| Key Metrics |
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Taxation and Regulations
Workforce Quality
Quality of Life
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Sources:
TaxFoundation.org
Statemaster.com
Bureau of Labor Statistics
U.S. Census Bureau
U.S. Patent and Trademark Office
The National Center for Public Policy and Higher Education
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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1:00 - 5:00 pm
We are in a period of rapid change. Customer needs, technologies, competitors and internal capabilities require companies to review and update their strategies for the new realities. In this workshop, strategy experts Steve Rutan and Denise Harrison will show you a systematic approach to strategic planning to help you refine or redefine your business strategy and approach including:
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
