We take mutually beneficial approaches to growth.
Benefits are available for all types of companies – new, existing, and relocating; regional and national headquarters; back-office; distribution and supply chain; manufacturing; and research and development. Both Indiana and Kentucky have generous business incentives and financial programs.
Kentucky Incentives
Kentucky’s pro-business climate provides a number of incentives for businesses. The Kentucky Economic Development Finance Authority (KEDFA), established within the Cabinet for Economic Development to encourage economic development, business expansion, and job creation, provides financial support through an array of financial assistance and tax credit programs. Helping businesses in this way furthers the Commonwealth’s goals of achieving long-term economic growth and employment opportunities for its citizens.
KEDFA approval is required for participation in the loan and tax incentive programs, except the Skills Training Investment credits, which are approved by the Bluegrass State Skills Corporation (BSSC). KEDFA meets the last Thursday of each month. Projects must be received by the last Friday of the month prior to the KEDFA meeting date in order to be considered.
Indiana Incentives
Indiana offers many business tax incentives, corporate tax credits and economic development programs for companies creating new jobs and investment in Indiana. Our business tax structure is also very competitive. Indiana’s corporate income tax has decreased from 6.5% in previous years to 4.9%. Indiana has a flat state corporate tax rate on adjusted gross income and no gross receipts tax or inventory tax.