Incentive Programs
KEOZ - Kentucky Economic Opportunity Zone
The Kentucky Economic Opportunity Zone Program (KEOZ) focuses on the development of areas with high unemployment and poverty levels. The program provides an income tax credit of up to 100% of the Kentucky income tax liability on income generated by or arising out of the project. The approved company may require each qualified statewide employee, as condition of employment, to agree to pay a job development assessment fee not to exceed 5% of gross wages, with a 1% contribution from local government and up to 4% contribution from the state. The minimum company investment required to qualify for the program is $100,000 in the project.
Contacts
Chuck Willis
Kentucky Cabinet for Economic Development Department of Financial Incentives
Phone: 502.564.4554 x 3332
Category: Business, State Programs
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