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Local Financial Incentive

Other
Start Date Jan 01, 2017
End Date
Incentive Value $.75% reimbursement of taxable payroll 5 yrs
Target Counties 1
Target Industries 8
Target Projects
The incentive is for new businesses proposing to locate in Maysville and who have employees primarily engaged in professional, technical and innovation, administrative, manufacturing, communication, or general medical and/or surgical hospital occupations.
Administration
City of Maysville
Range of Benefits
Businesses approved for this incentive shall receive an annual reimbursement equal to 0.75% of taxable payroll.
Eligibility Requirements
New Businesses Minimum new annual payroll of $150,000
Processing & Approval
One week

Vacant Property Rehabilitation/Jobs Incentive

Other
Start Date Jan 01, 2017
End Date
Incentive Value $0.75% remibursement of annual taxable payroll 5 yr
Target Counties 1
Target Industries 4
Administration
City of Maysville
Eligibility Requirements
Rehabilitation of any building that is at least 50 years old Must be used for commercial/office space 1st floor must have been vacant for 12 continuous months prior to application
Processing & Approval
One week

HUBZones Value
Qualified or Redesignated HUBZones
Census Tracts None
County No
Indian Lands None
Closed Bases None
Foreign Trade Zone Numbers
Mason County, KY No Foreign Trade Zones
Incentive Business Need Count
Incentives by State
Kentucky 32
Business management; Capital access or formation; Product & process improvement; Facility/site location 1
Incentive Category Count
Direct Business Financing 1
Capital access or formation 5
Incentive Category Count
Direct Business Financing 5
Capital access or formation; Facility/site location 3
Incentive Category Count
Direct Business Financing 3
Capital access or formation; Facility/site location; Tax/Regulatory burden reduction 2
Incentive Category Count
Direct Business Financing 1
Tax 1
Capital access or formation; Product & process improvement; Tax/Regulatory burden reduction 1
Incentive Category Count
Tax 1
Capital access or formation; Product & process improvement; Tech & product development 1
Incentive Category Count
Direct Business Financing 1
Capital access or formation; Product & process improvement; Tech & product development; Tax/Regulatory burden reduction 1
Incentive Category Count
Tax 1
Capital access or formation; Product & process improvement; Tech & product development; Workforce prep or development 1
Incentive Category Count
Direct Business Financing 1
Capital access or formation; Tax/Regulatory burden reduction 1
Incentive Category Count
Tax 1
Capital access or formation; Tech & product development; Tax/Regulatory burden reduction 1
Incentive Category Count
Tax 1
Capital access or formation; Workforce prep or development; Facility/site location 1
Incentive Category Count
Direct Community Financing 1
Capital access or formation; Workforce prep or development; Facility/site location; Tax/Regulatory burden reduction 1
Incentive Category Count
Tax 1
Product & process improvement; Tech & product development; Tax/Regulatory burden reduction 1
Incentive Category Count
Tax 1
Tax/Regulatory burden reduction 4
Incentive Category Count
Tax 4
Tech & product development 2
Incentive Category Count
Direct Business Financing 2
Tech & product development; Capital access or formation 1
Incentive Category Count
Direct Business Financing 1
Tech & product development; Product & process improvement; Tax/Regulatory burden reduction 1
Incentive Category Count
Tax 1
Tech & product development; Tax/Regulatory burden reduction 1
Incentive Category Count
Tax 1
Workforce prep or development 1
Incentive Category Count
Direct Business Financing 1
Workforce prep or development; Tax/Regulatory burden reduction 2
Incentive Category Count
Tax 2