Our commitment to assisting new and expanding companies is further enhanced through our offering of financial programs designed to encourage new industrial growth. In addition to state and local incentives, Kentucky’s Touchstone Energy Cooperatives may offer incentives to qualifying projects.

Programs such as our Economic Development Rider reduces electric rates over a set period of time, while low-interest loans and grant options are available through the Rural Economic Development Loan and Grant Program (REDLG).

For more information on Kentucky’s Touchstone Energy Cooperatives’ financial assistance programs, please see below. Or contact our team today to discuss the best options for you.

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Our Programs

Economic Development Rider (EDR)

Projects requiring substantial amounts of electricity on a consistent basis may qualify for our Economic Development Rider (EDR). Approved new or expanding businesses within our service territory meeting power usage requirements are able to minimize electric rates over a set period of time. Please download our Economic Development Rider fact sheet for full details.

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Rural Economic Development Loan and Grant Program (REDLG)

This United States Department of Agriculture (USDA) program provides funding to rural projects through local utilities. Two types of funding are available, including the Rural Economic Development (RED) Loans and RED Grants. Qualified businesses and non-profits creating or retaining jobs in our service territory may benefit from low-interest loans through REDLG. For more details, please download our REDLG fact sheet.

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State Incentives

For additional information on state incentives, please refer to the Kentucky Cabinet for Economic Development’s Overview of State Financial Incentive Programs.
State Incentive Programs