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Why Corbin?


Corbin's ideal location, productive workforce, low operating costs and a pro-business economic environment are among the most compelling reasons to Consider Corbin.


Our Corbin Economic Development Agency team will work diligently to make your business venture in Corbin a success. We can supply any information you may need on the state and local incentives available to assist your company in relocating or expanding your operations into Southeastern Kentucky. 
Financial packages are available to qualifying companies to ease the cost of start up or expanded operations through the Kentucky Cabinet for Economic Development.  Local incentives are also available through our county and city governments along with a federal enterprise zone program. 

For More Information About Economic Development in our Community, Contact:

Bruce Carpenter, Director
Corbin Economic Development Agency
101 North Depot Street
Corbin, KY 40701
(606) 528-6390
Email: becarpenter@corbinky.org

To learn more about Corbin Advantages, select from the following categories...

Area Demographics
Premiere Location
State and Local Incentive Programs
Established Business Parks
Competitive Utility Rates
Productive Workforce
Progressive Educational Systems
Award Winning Medical Facility

 

State and Local Incentive Programs

Generous financial incentives are available in the form of tax credits, job assessment fees, training grants and revenue bonds. Millions of dollars are budgeted annually and are available to qualifying companies. Application eligibility is determined by the Kentucky Cabinet for Economic Development.


Kentucky's pro business climate provides a number of incentives for businesses. The Kentucky Economic Development Finance Authority (KEDFA) was established within the Cabinet for Economic Development to encourage economic development, business expansion, and job creation by providing financial support through an array of financial assistance and tax credit programs. Helping businesses in this way furthers the Commonwealth's goals of achieving long-term economic growth and full employment for its citizens.

KEDFA approval is required for participation in the loan and tax incentive programs, except the Skills Training Investment credits, which are approved by the Bluegrass State Skills Corporation. KEDFA meets the last Thursday of each month. Projects must be received by the last Friday of the month prior to the KEDFA meeting date in order to be considered.

To find out if your business qualifies, contact the program representative, one of the three Regional Offices, or the East Kentucky Economic Development Division (e-mail link) where a professional economic development agent will be assigned to work with you. Your agent can answer your questions and guide you through the application and approval processes.



ThinkKentucky.com - Kentucky Business Incentives and Financial Programs