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Kentucky Cabinet for Economic Development Unclaimed

Economic Development

newkentuckyhome.ky.gov

Frankfort, KY, United States

CED is Kentucky’s primary state agency for promoting job creation, retention, and new investment by delivering resources, incentives, and partnerships to businesses and communities.

Kentucky Cabinet for Economic Development (CED) is Kentucky’s primary state agency dedicated to encouraging job creation, retention, and new investment across the Commonwealth. The agency supports the growth of businesses of all sizes by connecting them with resources, incentives, and services designed to help start, locate, and expand operations. CED works with entrepreneurs, startups, and small businesses, and collaborates with communities, educators, and partners to strengthen Kentucky’s economy. Through a structured ecosystem of programs, workforce development, international offices, and advocacy, CED helps attract investment, expands markets, and foster sustainable economic development across industries such as manufacturing, technology, logistics, and energy. The Cabinet coordinates public–private partnerships and provides guidance to help companies navigate regulatory requirements, access capital, and scale their operations, including KY Innovation and other programs.

The Cabinet for Economic Development is the primary state agency in Kentucky responsible for encouraging job creation and retention, and new investment in the state.

What we offer

Build-Ready Sites

Build-Ready Sites streamline site certification for businesses, reducing setup time and enhancing operational efficiency.

newkentuckyhome.ky.gov/BuildReady

KY Product Development Initiative (KPDI)

Service

Enhances Kentucky's economic growth through site and building upgrades.

newkentuckyhome.ky.gov/KPDI

KY Innovation

KY Innovation empowers businesses by providing access to capital and market expansion resources.

www.kyinnovation.com

KY SBIR/STTR Matching Funds Program

Service

Enhances funding opportunities for Kentucky innovators with SBIR/STTR awards.

Kentucky APEX Accelerator

Service

Enhances business growth through procurement assistance and government connections.

www.kyapex.com/

Kentucky Export Initiative

Service

Boosts Kentucky businesses' global sales through grants and support.

kyexports.com/

Kentucky Business One Stop

Provides essential resources for planning, starting, and managing a business in Kentucky.

onestop.ky.gov/Pages/default.aspx

Market segments

Site readiness and industrial land development

Services, certifications, pre‑development designs and funding to prepare and accelerate industrial, manufacturing, and logistics sites for rapid occupancy.

Innovation and commercialization funding and incubation

Programs that provide access to capital, accelerators/incubators, investor information, SBIR/STTR support, and matching grants to accelerate technology commercialization and startup scaling.

Government procurement and contracting

Counseling, training, agency matchmaking and resources that help companies pursue, bid for, and win government contracts.

Business formation, entrepreneurship and small business support

End-to-end guidance, direct assistance and office-based support for planning, starting, operating, expanding or relocating small businesses and startups.

Export assistance and international market expansion

Education, grants, hands-on assistance and matchmaking to help companies enter, sell to, and scale in international markets.

More information about our offering

Build-Ready Sites

Build-Ready Sites accelerate site readiness and speed to market by providing standardized site readiness, clear standards, and a checklist to certify Build-Ready sites.

  • Certify Sites Efficiently
    The checklist provides a systematic approach ensuring all necessary requirements are met for certification, allowing businesses to take immediate action.
  • Establish Site Quality
    The standards ensure that sites are not just shovel-ready but are fully prepared with necessary infrastructure, reducing future complications.
  • Facilitate Quick Decision-Making
    The overview educates potential investors on how Build-Ready Sites minimize red tape, enabling quicker site selection and construction initiation.
  • Prepare Sites Proactively
    Addressing potential challenges like environmental assessments and zoning before they arise ensures quicker project advancement.
  • Streamline Project Initiation
    By having these designs ready, businesses can reduce the time between site certification and construction start.

KY Product Development Initiative (KPDI)

KY Product Development Initiative provides funding to upgrade sites and buildings to accelerate development and speed to market for Kentucky projects.

  • Receive Funding For Upgrades
    KPDI allocates up to $2 million per county for transformative improvements, ensuring project readiness to foster economic development.
  • Accelerate Project Readiness
    By streamlining processes, the KPDI enhances investment opportunities through expedited site and building readiness.
  • Engage In Competitive Funding
    Local governments and organizations can compete for funding to drive essential infrastructural advancements.
  • Collaborate For Greater Funding
    Multi-county collaborations maximize KPDI funding potential, enhancing overall economic impact.

KY Innovation

KY Innovation is a platform offering programs to help companies access capital, expand markets, advocate for business needs, obtain investor information, and participate in accelerators and incubators, including SBIR/STTR support.

  • Secure Federal Grants
    Receive expert assistance in applying for competitive federal grants through the SBIR and STTR programs.
  • Connect With Funding Opportunities
    Utilize various programs to match entrepreneurs with necessary funding, including loans and grants tailored for business growth.
  • Enhance Growth Through Support
    Accelerators and incubators provide businesses with structured support, mentorship, and resources to fast-track their growth.
  • Accelerate Market Growth
    Obtain guidance and resources aimed at increasing your market reach, locally and abroad.
  • Gain Support For Business Needs
    Receive assistance and representation for businesses in navigating policies and accessing vital programs.
  • Obtain Investor Insights
    Access valuable data and advice designed to attract investment and support funding needs of startups.

KY SBIR/STTR Matching Funds Program

A non-dilutive, reimbursable matching funds program that supports SBIR/STTR award recipients by bridging Phase I to Phase II and speeding commercialization; matches up to $100,000 for Phase I and $150,000 for Phase II.

  • Bridge Phase I to II
    Provides critical financial support necessary to transition successful Phase I projects into Phase II, ensuring sustained innovation.
  • Match Funding Awards
    Helps innovative companies secure additional resources based on competitive federal grants, enhancing their project funding.
  • Accelerate Commercialization
    Quickens the process of bringing innovations to market, enhancing the viability of projects.

Kentucky APEX Accelerator

Kentucky APEX Accelerator provides free procurement counseling, access to resources, and connections to government agencies to help companies sell products and services to the government.

  • Facilitates Access To Government
    Helps businesses establish relationships with key government purchasers, enabling more opportunities for contracts.
  • Offers Expert Guidance
    Provides personalized assistance to understand the procurement landscape and navigate challenging processes.
  • Access Procurement Tools
    Equips businesses with necessary tools and information to successfully compete for government contracts.
  • Improves Procurement Skills
    Offers educational opportunities that empower businesses to better understand government contracting processes.

Kentucky Export Initiative

The Kentucky Export Initiative provides education, hands-on assistance, resources, matchmaking opportunities and grants to help Kentucky companies sell products abroad.

  • Secures Funding For Export Activities
    Offers financial support that enables small businesses to pursue international sales initiatives without the burden of upfront costs.
  • Enhances Understanding Of Exporting
    Provides businesses with essential knowledge on the intricacies of international trade, improving their ability to navigate market dynamics effectively.
  • Supports Various Export Activities
    A specific funding mechanism aimed at various activities to improve export readiness and market access.
  • Guides Through Export Process
    Trained experts provide personalized assistance, ensuring businesses understand compliance and operational necessities in international markets.
  • Connects With Market Opportunities
    Facilitates connections between Kentucky businesses and potential international partners or clients, enhancing market entry strategies.

Kentucky Business One Stop

Kentucky Business One Stop is a portal offering step-by-step guidance for planning, starting, operating, expanding, or moving a business to Kentucky, with direct assistance from the Office of Entrepreneurship.

  • Access Assistance
    Receive guidance from the Office of Entrepreneurship to navigate the complexities of starting and managing a business.
  • Business Startup Guidance
    Obtain actionable insights and directions for starting your business effectively.
  • Relocation Resources
    Find everything needed for a smooth transition to Kentucky, including logistical and regulatory support.
  • Support Growth
    Get tailored advice and support for expanding your operations successfully in Kentucky.
  • Business Planning Support
    Leverage comprehensive resources to meticulously plan your business from inception.
  • Operational Guidance
    Access vital information and resources to ensure successful daily operations.