Incentives

The Russell County Industrial Development Authority (RCIDA) has the expertise to work with new or expanding businesses that are seeking a new location. The RCIDA works in coordination with all federal and state funding agencies that assist in recruitment or expansion opportunities. We are committed to provide incentives to help you build a successful business venture.

Russell County and Kentucky’s pro-business climate provides a number of incentives for businesses. The Kentucky Economic Development Finance Authority (KEDFA), part of the Cabinet for Economic Development, encourages economic development, business expansion, and job creation. The KEDFA provides financial support through an array of financial assistance and tax credit programs. Helping businesses in this way furthers the Commonwealth’s goals of achieving long-term economic growth and full employment for its citizens.

Part of Russell County is designated an Opportunity Zone. This designation provides significant tax advantages to investors. Our Lake Cumberland Regional Industrial Complex Site 1 is entirely contained in the county’s Opportunity Zone.

In addition to financial incentives, workforce training credits and grants can provide you with the qualified employees necessary for success.