Kentucky Economic Opportunity Zone (KEOZ)

Five census tracts that border Louisville's central business district have qualified as a Kentucky Economic Opportunity Zone (KEOZ). New or expanded manufacturing, service or technology industries may be eligible for KEOZ benefits if they invest at least $100,000 and create at least 10 new full-time jobs for residents of the Zone.

Benefits include up to a 100% credit against their Kentucky income tax liability for up to 10 years.

Manufacturing businesses can recoup costs associated with land, buildings, site development, building fixtures and equipment. Service and technology businesses can recoup 50% of eligible relocation and start-up costs (up to $20,000 in eligible costs, or in other words, $10,000 in tax credits, per job created) and 50% of annual occupancy costs (or fair-market value equivalent) of the facility.