Kentucky provides various incentives to encourage job creation and workforce development for small businesses. Programs like the Kentucky Economic Development Finance Authority (KEDFA) Job Creation Incentive Program and the Kentucky Skills Network offer tax incentives and training support, making it easier for Kentucky businesses to grow and maintain a skilled workforce.
Kentucky Economic Development Finance Authority (KEDFA) Job Creation Incentive Program
- Purpose: Encourages businesses to create new jobs in Kentucky.
- Eligibility: Businesses creating at least 10 new full-time jobs and meeting specific wage requirements.
- Benefit: Tax incentives up to $1,500 per job created.
- Application process: Apply through the Kentucky Cabinet for Economic Development.
- More info: Stimulates job growth across various sectors in Kentucky.
Kentucky grants for small businesses
For Kentucky grants for small businesses, programs like the KEDFA Job Creation Incentive Program provide essential tax incentives that encourage businesses to expand their workforce and contribute to Kentucky’s economy.
Other relevant programs in Kentucky
- Kentucky Skills Network: Offers customized training programs funded through grants that cover a significant portion of training costs. Employers can apply through local workforce boards or the Kentucky Labor Cabinet.
- Workforce Innovation and Opportunity Act (WIOA) Programs: Provides funding for training, wage reimbursements, and on-the-job support for eligible job seekers, available through local workforce development boards in Kentucky.
- Kentucky Small Business Development Center (KSBDC) Services: Offers free consulting, training programs, and resources for hiring and employee management, available through local KSBDC offices across Kentucky.
Helpful resources for small business grants in Kentucky
Kentucky Small Business Development Center (KSBDC)
Offers free business consulting and low-cost training services.Kentucky Cabinet for Economic Development
Provides various programs and services for businesses.Kentucky Department of Revenue
Information on tax credits and incentives for businesses.U.S. Small Business Administration - Kentucky District Office
Federal resources and programs available in Kentucky.Kentucky Procurement Technical Assistance Center (PTAC)
Assists businesses in obtaining government contracts.Kentucky Innovation Network
Supports technology-based businesses and entrepreneurs.Kentucky Chamber of Commerce
Offers resources and advocacy for businesses.Kentucky Science and Technology Corporation (KSTC)
Promotes innovation and technology-based economic development.Community Ventures
Provides access to capital and business development services.To get the most current and accurate information about grants, tax credits, and training programs specifically for small businesses in Kentucky, it's recommended to contact these organizations directly or visit their websites. They can provide up-to-date details on available programs, eligibility requirements, and application processes.
List of small business grants
