The Kentucky Infrastructure Coalition (KIC) includes more than 30 organizations that represent manufacturers, farmers, economic development leaders, engineers, local leaders and more than 40,000 transportation workers who understand that safe, reliable, efficient transportation is essential to Kentucky's economy.

Even after refinancing a burdensome debt load, the Louisville Arena Authority would pay more per year to retire new bonds for the KFC Yum! Center than under its current plan, according to a WDRB News analysis of documents made public last week.

Buffalo Trace Distillery is considering a $42.6 million expansion of its Frankfort facilities and upgrading its bottling operation. To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in August approved the company for up to $400,000 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA). 

One of the biggest potential job-creating bonanzas in the country, a giant new auto plant proposed by Toyota and Mazda, began in secret with a mysterious code name. Now it has become a full-blown race among states to try to reel in the $1.6-billion project that will create 4,000 good-paying direct jobs and thousands of other indirect jobs.

The Ashland commission has agreed in principle to let the city finance department issue bonds of about $4.6 million to help business developers turn the Ashland Plaza Hotel into a Marriott brand. The local governments established a Tax Increment Financing to secure financing for the bonds.

The Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved state financial incentives in the amount of $700,000 for a portion of Denyo's expansion project. Denyo intends to also request local financial incentives to support its entire project.

The CDFA National Summit brings together the leaders and dealmakers in the development finance industry to discuss best practices, trends, and project financing solutions. The CDFA National Summit is designed for both public and private sector participants from all areas of the country. Attendees represent a diverse cross section of the development finance industry and bring unique perspectives, creative financing approaches, and interesting conversation to the event.

Join the CDFA Kentucky Financing Roundtable, in partnership with KLC, for a special one-day conference. This event will feature a number of economic development finance experts from around the state discussing development finance tools, authorities, resources and approaches, and how these can affect the Kentucky economy going forward.

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