StateSubsidies
Back to all incentives
Tax CreditKentuckyActiveVerified

Kentucky Rural Economic Development Act (KREDA)

Kentucky Cabinet for Economic Development (KyCED)KY-KREDARefreshed 1 month ago
Do I qualify?
Who can apply

Businesses

Government-funded

Max funding

Varies

Amount varies

Type

Tax Credit

Reduces tax liability

Deadline

Rolling

No fixed cutoff

Timing

Annual tax return

Claim with year-end filing

Complexity

Moderate

File with tax return

About This Program

Income tax credits for manufacturing businesses locating or expanding in rural Kentucky counties, providing dollar-for-dollar credits against Kentucky income tax for qualifying industries creating jobs.

Key Requirements & Eligibility

  • 1Business must be a manufacturing, agribusiness, or technology company
  • 2Must locate or expand in a rural Kentucky county (non-MSA)
  • 3Must create minimum 10 new full-time jobs paying above county average wage
  • 4Credit: 100% of Kentucky income tax liability for up to 15 years
  • 5Annual reporting required; credit amount based on salaries paid to new employees

Do I qualify?

Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.

0 of 5 answered

1.Business must be a manufacturing, agribusiness, or technology company

2.Must locate or expand in a rural Kentucky county (non-MSA)

3.Must create minimum 10 new full-time jobs paying above county average wage

4.Credit: 100% of Kentucky income tax liability for up to 15 years

5.Annual reporting required; credit amount based on salaries paid to new employees

Related Programs

LoanFederalVerifiedPrivate business

DOE Loan Programs Office — Title 17 Clean Energy Financing

LPO · United States

Offers federal loan guarantees for innovative clean energy projects that struggle to access conventional financing. Supports first-of-kind commercial-scale projects in renewable energy, storage, advanced nuclear, and industrial decarbonization.

Clean TechnologyEnergy StorageManufacturing+1

via www.energy.gov · MEDIUM

Details
Tax CreditStateVerifiedPrivate business

North Carolina Renewable Energy Tax Credit

NCDOR · North Carolina

Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.

Clean TechnologyEnergy ManagementAgriculture+1

via www.ncdor.gov · MEDIUM

Details
Tax CreditFederalVerifiedOpen to all

Treasury New Markets Tax Credit Program

CDFI Fund · United States

Attracts private investment into low-income communities by allowing investors to receive a 39% federal tax credit over 7 years on investments made through certified Community Development Entities (CDEs).

Financial ServicesReal EstateManufacturing+2

via www.cdfifund.gov · MEDIUM

Details
Official Source