Working with the Kentucky Cabinet of Economic Development, TVA and local government, MCEDC offers incentives for new and expanding industry, workforce training, and more. MCEDC has a history of providing creative solutions to meet industry needs and often provides local incentives that can help put your project in the black quickly, and for the long term.Click here to learn more.
In Murray and Calloway County, we understand that local incentives are often what “seals the deal”. Because of that, we strive to be smartly aggressive and very creative. We know that ramp ups affect the bottom line and do everything possible to ensure a rapid transition to profitability and long term success.
While we don’t want to give away all our secrets, here are just a few ways we work to preserve your capital and get your company on the road to profits:
This is just the start. Let us work with you to show how we can make good things happen for you and Murray-Calloway County together.
Provides income tax credits and wage assessments to new and existing agribusinesses, regional and national headquarters, manufacturing companies, and non-retail service or technology related companies that locate or expand operations in Kentucky.Click here to learn more about the Kentucky Business Investment (KBI) Program.
For new or expanded service or technology, manufacturing, or tourism attraction project in Kentucky. KEIA provides a refund of Kentucky sales and uses tax paid by approved companies for building and construction materials permanently incorporated as an improvement to real property. It is also available for Kentucky sales and uses tax refunds for eligible equipment used for research and development and data processing equipment.Click here to learn more about the Kentucky Enterprise Initiative Act.
IRBs issued by state and local governments in Kentucky can be used to finance manufacturing projects and their warehousing areas, major transportation and communication facilities, most health care facilities, and mineral extraction and processing projects.Click here to learn more about Kentucky’s Industrial Revenue Bonds.
Federally funded low-interest loans made available through the Department for Local Government.
Provides tax credits to an existing Kentucky company engaged in manufacturing and related functions on a permanent basis for a reasonable period of time that will be investing in eligible equipment and related costs of at least $2,500,000.Learn more about the Kentucky Reinvestment Act (KRA).