Incentives for Business Growth in Mt. Sterling-Montgomery County

Expanding or relocating your business to Mt. Sterling-Montgomery County comes with more than just a strategic location and a supportive business climate. Our region offers a range of incentives designed to reduce costs, encourage investment, and support workforce development. Whether in manufacturing, agribusiness, healthcare, or technology, there are tailored programs to help your business thrive.

Available Incentives

Key Incentives for Businesses

Workforce Training & Development Bluegrass State Skills Corporation (BSSC) – Offers Grant-in-Aid and Tax Credit programs, to help businesses invest in workforce training.
Bluegrass State Skills Corporation Grant Reimbursement Program – Matching grant funds for customized business, and industry-specific training programs.
Skills Training Investment Credit – A tax credit for businesses providing employees with occupational or skills upgrade training.

Tax Incentives & Financial Programs

The Kentucky Business Investment (KBI) Program provides income tax credits and wage assessments to qualifying businesses, including manufacturers, headquarters operations, and renewable energy companies. Other incentives include:

Kentucky Enterprise Initiative Act (KEIA) – Offers sales and use tax refunds for eligible construction materials and equipment purchases.
Kentucky Reinvestment Act (KRA) – Tax credits for existing Kentucky businesses investing in equipment and infrastructure.
Industrial Revenue Bonds (IRB) – Funding for manufacturing, transportation, healthcare, and mineral processing projects through state and local bonds.

Small Business & Entrepreneurship Support

Kentucky Small Business Credit Initiative (KSBCI) – Helps small businesses access loans by reducing lender risk.
Small Business Loan Program – Loans between $15,000 and $100,000 for startups and growing businesses in manufacturing, agribusiness, or service and technology.
Kentucky Small Business Tax Credit (KSBTC) – Tax credits for small businesses creating new jobs and investing in qualifying equipment.
Angel Investment Tax Credit – A 40% tax credit for investments in Kentucky small businesses.

Industry-Specific Incentives

Kentucky Agricultural Development Fund – Incentives for projects that increase farm income and stimulate agricultural markets.
Kentucky Agricultural Finance Corporation – Capital access for agribusiness diversification and infrastructure projects.
Kentucky Selling Farmer Tax Credit (KSFTC) – Encourages agricultural land sales to beginning farmers with tax credits of up to 5% of the purchase price.
Kentucky Qualified Data Center Project Incentive Program – Sales and use tax exemptions for data center investments.

Explore More & Get Started

These are just a few of the incentives available to businesses in Mt. Sterling-Montgomery County. Explore the full list of state and local programs on Kentucky's Economic Development Website, or contact our Economic Development Team to discuss how we can help your business succeed.