The Louisville Downtown Partnership team is ready to assist your business or development with applicable public incentives. Local and state incentives can make a big difference in making a project possible including products, such as low interest loans and gap financing, tax abatement programs, or tax credit programs.
LOUISVILLE DOWNTOWN PARTNERSHIP
Downtown Loan Funds
- Gap financing for Downtown commercial development projects
- Favorable financing for small businesses interested in opening new Downtown street-level storefronts or current Downtown businesses interested in upgrading their existing storefront
- Gap financing for market-rate, multi-family housing projects in Downtown
Contact: (502) 584-6000
LOUISVILLE METRO GOVERNMENT FINANCIAL PROGRAMS
Metropolitan Business Development Corporation (METCO)
One Louisville administers Louisville Metro Government’s METCO small business and commercial property loan program for new and expanding businesses in Jefferson County.
Contact: (502) 552-9535
Brownfield Revolving Loan Program
Louisville Metro Government offers below-market rate loans to support environmental cleanup of brownfield properties. These loans are available to both current property owners and prospective purchasers.
Contact: (502) 574-6230
Small Developer Loan Program
Offers partially forgivable loans to assist small developers who are rehabbing properties to be rented or sold as affordable housing.
Contact: (502) 574-4016
Energy Project Assessment District (EPAD) Program
Helps finance energy efficiency, renewable energy, and water conservation measures.
Contact: (859) 468-5598
Louisville Affordable Housing Trust Fund (LAHTF)
Provides public funds as gap financing to help developers build affordable housing.
Contact: (502) 637-5372
Louisville CARES
Provides public funds as gap financing to help developers build affordable housing.
Contact: (502) 637-5372
Property Assessment and Reassessment Moratorium
Redevelopment incentive that allows for the abatement of local property tax for improved properties.
Contact: (502) 574-4140
Manufacturing Tax Moratorium
This program allows eligible manufacturers can receive a five-year ad valorem property tax assessment freeze for eligible companies engaged in new manufacturing activities.
Contact: (502) 625-0000
Tax Increment Financing (TIF)
Performance-based incentive that permits a portion of the new local taxes generated by a development to be rebated back to the developer to help support the development costs.
Contact: (502) 564-7670
COMMONWEALTH OF KENTUCKY FINANCIAL PROGRAMS
Historic Preservation Tax Credits
Tax credits intended to serve as financial incentives to encourage private investment in historic buildings.
Contact: (502) 892-3611
Kentucky Business Investment (KBI) Program
Provides income tax credits and wage assessments to new and expanding agribusinesses, regional and national headquarters, manufacturing companies, and non-retail service or technology related companies creating new jobs and investment in Kentucky.
Contact: (502) 564-7670
Low-Income Housing Tax Credit (LIHTC) Program
Promotes the development of low to moderate-income rental housing through tax incentives.
Contact: (502) 564-7630
Kentucky Small Business Tax Credit Program (KSBTC)
Tax credit for small businesses that have hired and sustained at least one new job in the last year and purchased qualifying equipment.
Contact: (800) 626-2930
Kentucky Tourism Incentives and Development Act
State sales tax incentive for tourism development projects.
Contact: (502) 892-3320
