ATTENTION: CED staff is currently reviewing recently passed legislation related to economic development activity. Please stay tuned for important updates.
Financial Incentives & Programs
Kentucky Product Development Initiative (KPDI)
The established Kentucky Product Development Initiative (KPDI) Program is a statewide effort to support upgrades at industrial sites throughout the commonwealth and position Kentucky for continued economic growth. The current KPDI Program, a collaboration between the Kentucky Cabinet for Economic Development and Kentucky Association for Economic Development (KAED), includes $25 million per fiscal year in state funding toward upgrades of sites and buildings across the state.
KPDI applicants, such as local governments and economic development organizations, may seek funding assistance for transformative site and infrastructure improvement projects that will generate increased economic development opportunities and job creation for Kentucky residents.
Through KPDI, funding is available through a competitive application process, with each of the 120 Kentucky counties eligible for a maximum funding amount calculated based on population. The maximum funding available for each county shall not exceed $2,500,000 in a heritage county and $2,000,000 in any other county, per round. Applicants are encouraged to submit regional projects, which allow available funding for multiple counties to be combined, increasing the maximum allowed for a given project.
Thank You to Our 2026 KPDI Sponsors
This program would not be possible without the generous support of our partners:
A webinar detailing the first round of the Kentucky Product Development Initiative (KPDI) Program of 2024 is scheduled for Thursday, September 26, at 1:30 p.m. EDT via Zoom. Participants can access the webinar here. No registration is required.
The newly established Kentucky Product Development Initiative (KPDI) is a statewide effort to support upgrades at industrial sites throughout the commonwealth and position Kentucky for continued economic growth. KPDI, a collaboration between the Kentucky Cabinet for Economic Development and Kentucky Association for Economic Development (KAED), includes $100 million in state funding toward upgrades of sites and buildings across the state.
KPDI applicants, such as local governments and economic development organizations, may seek funding assistance for transformative site and infrastructure improvement projects that will generate increased economic development opportunities and job creation for Kentucky residents.
Through KPDI, funding is available through a competitive application process, with each of the 120 Kentucky counties eligible for a maximum funding amount calculated based on population. There is a maximum of $2 million per county per project. Applicants are encouraged to submit regional projects, which allow available funding for multiple counties to be combined, increasing the maximum allowed for a given project.
A message from Gov. Andy Beshear
Round 2 Webinar
KPDI Fact Sheet and FAQs:
A fact sheet with overview of program and a FAQ are available for download below.
September 16, 2022 - Applicant submission deadline
Free Webinars:
Two introductory webinars highlighting the new KPDI program were held on July 14 and July 21, which provided a general overview of the program and an in-depth look at the application process.
September 16, 2022 - Applicant submission deadline
Free Webinars:
Two introductory webinars highlighting the new KPDI program were held on July 14 and July 21, which provided a general overview of the program and an in-depth look at the application process.
