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Incentives

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.
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Local Incentives

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.

Here are just a few ways we work to preserve your capital and get your company on the road to profits:

  • Custom Build to Suit
  • Rapid Turn Spec Buildings
  • Operating Leases
  • Capital Leases
  • Discounted Land
  • Infrastructure Grants (likely unnecessary since Murray – West is fully served)
  • Below Market Loans
  • Fully graded and compacted sites

…and that’s just the start. Let us work with you to show how we can make good things happen for you and Murray-Calloway County together.

Primary Federal Incentives

New Market Tax Credits

The New Markets Tax Credit (NMTC) is a program that provides Federal Tax Credits for equity investments in qualified areas such as the Murray-West Industrial Park. Under the NMTC, investors can receive tax credits equal to 39% of the total qualified equity investment with the credits being realized over a seven year period. The NMTC is a powerful tool for well-qualified investors.

Primary Kentucky Financial Incentives

Kentucky Business Investment (KBI) Program

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.

Learn more about this program

Kentucky Enterprise Initiative Act

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.

Learn more about this program

Industrial Revenue Bonds

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.

Learn more about this program

Community Development Block Grants Loans

Federally funded low-interest loans made available through the Department for Local Government.

Kentucky Reinvestment Act (KRA)

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 this program

Workforce Training