Financial incentives make dreams possible
We can help new and expanding companies access 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.
Our Economic Development Rider reduces electric rates over time, while low-interest loans and grant options are available through the Rural Economic Development Loan and Grant (REDLG) program.
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 that meet power usage requirements can minimize electric rates over a set period of time.
Rural Economic Development Loan and Grant Program (REDLG)
This U.S. 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
Kentucky Government Incentives
For additional information on state incentives, please refer to the Kentucky Cabinet for Economic Development’s Overview of State Financial Incentive Programs.