Capital is one of an entrepreneur’s biggest needs to launch and grow a company. Yet it is also one of the most difficult challenges. The Cabinet for Economic Development has a variety of successful tools that match entrepreneurs with the funding they need – whether that is access to investors, small business loans or tax credits. Outlined below are some of those tools.
If your small business has hired at least one new full-time position and invested in qualifying equipment, you could be eligible for a tax credit.
Learn MoreThrough the Kentucky Export Initiative, small businesses can receive STEP grant funding for export-related activities each year.
Learn MoreThis federally funded lending support program helps lenders finance creditworthy small businesses that would typically fall just outside of their normal lending guidelines.
Learn MoreSmall business engaged in manufacturing, agribusiness, or service and technology may be eligible for loans to acquire land and buildings, purchase and install equipment, or for working capital.
Learn MoreInvestors throughout Kentucky are eager to foster the growth of small businesses. The Cabinet has compiled information for investors, as well as lists of prospective investors.
Learn MoreThe Kentucky Angel Investment Tax Credit offers credits of up to 40 percent of an investment in Kentucky small businesses.
Learn MoreThe Kentucky Investment Fund Act offers a 25 percent tax credit to certain personal and corporate investors in approved investment funds.
Learn MoreThe Cabinet will match, on a competitive basis, Phase 1 and Phase 2 federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) awards received by Kentucky high-tech small businesses and those willing to become Kentucky-based businesses.
Learn MoreIf you are a small farmer selling eligible agricultural assets to a beginning farmer, you may qualify for a tax credit.
Learn MoreClick below for a full list of Kentucky business incentives.