What business incentives are available through Develop Danville, Inc.?

The image shows a close-up view of brown hanging file folders in a drawer, with a prominent white tab labeled "Grants" in the foreground and other tabs labeled "Funding" and "Projects" behind it.


news

Develop Danville, Inc. facilitates a comprehensive suite of financial incentives designed to reduce operational costs for new and expanding businesses in Boyle County. A primary tool is the Kentucky Business Investment (KBI) program, which provides significant state income tax credits and wage assessments for companies in sectors like manufacturing and agribusiness. 

Locally, the City of Danville and Boyle County often induce job creation by granting refundable occupational license tax abatements to eligible projects that meet specific hiring and investment thresholds over a 10- to 15-year period.

Incentives Via Targeted Support and Infrastructure Grants

Beyond tax relief, Develop Danville, Inc. assists companies in accessing specialized funding for infrastructure and workforce development. This includes Community Development Block Grants (CDBG) for job-creating capital projects and the Bluegrass State Skills Corporation (BSSC) credits for customized employee training. 

Small businesses and startups can also benefit from the Kentucky Small Business Tax Credit (KSBTC) and low-interest loan programs. By coordinating these federal, state, and local resources, the partnership ensures that every prospect receives a customized pro-business package tailored to their unique logistical and financial needs.

Develop Danville’s incentives position your business for immediate and sustained growth. Contact us to explore your options.

More Topics

This is an image of Develop Danville, Inc.’s Economic Development Partnerships on its website, featuring logos of Boyle County, City of Danville, City of Perryville, and Junction City.

Who are Develop Danville, Inc.’s Economic Development Partners?

Core economic development partners to Develop Danville, Inc. include the Boyle County Industrial Foundation, the Danville Boyle County EDA, the Danville-Boyle County Chamber of Commerce, and the Danville-Boyle County Convention & Visitors Bureau. These groups also collaborate with Main Street Perryville to ensure that economic growth is balanced with historic...
The image shows the entrance sign for the John Hill Bailey Industrial Park located in Danville, Kentucky.

What is the Boyle County Industrial Foundation?

The Boyle County Industrial Foundation (BCIF) is a private, non-profit organization that serves as one of two primary land-holding and development arms for industrial growth in Danville and Boyle County, Kentucky. Established to proactively prepare the region for high-impact investment, the Foundation identifies, acquires, and develops strategic real estate for...
The image shows the illuminated fountain and the historic Boyle County Courthouse in Weisiger Park, located in downtown Danville, Kentucky.

What is Develop Danville, Inc.?

Develop Danville, Inc. is the primary public-private partnership responsible for driving economic growth and community prosperity within Danville and Boyle County, Kentucky. The organization facilitates the recruitment of new industries while providing essential support to existing local businesses. By leveraging strategic advantages, such as the region's central location and robust...