Thank you for your interest in the preservation of downtown Danville's architectural and historic resources. Downtown Danville is the core of the region, serving as the seat of business, government, and services for the community. Please contact us, we look forward to discussing and helping to facilitate your investment in downtown Danville!
Doing Business in Kentucky
Kentucky has a variety of advantages that make its business climate unsurpassed. And now that Kentucky is a Right-to-Work state, our advantages have grown. Check out this synopsis of our business climate as well as some of the main reasons you’ll find Kentucky right for you.
Top 10 Reasons for Locating or Expanding Your Business in Kentucky
- We’re in the middle of everything.
- We’re a logistical dream.
- Effective networking.
- Cost of Doing Business.
- Electrifying power rates.
- We create workforce solutions.
- Business-minded educational approach.
- Strong support for innovation and entrepreneurship.
- Unsurpassed quality of life.
- Business-friendly attitude.
Visit here for details on the above list.
Kentucky Business Incentives &
Kentucky's pro-business climate provides a number of incentives for businesses. The Kentucky Economic Development Finance Authority (KEDFA), established within the Cabinet for Economic Development to encourage economic development, business expansion, and job creation, 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 employment opportunities for its citizens.
To find out if your business qualifies contact the Department for Business Development where a professional economic development agent will be assigned to work with you. Your agent can answer your questions and guide you through the application processes.
New and Expanding Industry
- Kentucky Business Investment (KBI) Program – (PDF)
- Kentucky Enterprise Initiative Act (KEIA)(PDF)
- Direct Loan Program (KEDFA) (PDF)
- Industrial Revenue Bonds - IRB (PDF)
- Community Development Block Grants Loans - CDBG
Energy and Environment
- Kentucky New Energy Ventures Fund
- Incentives for Energy Independence Act – IEIA (PDF)
- Kentucky Environmental Stewardship Act (KESA) (PDF)
Entrepreneurs & Small Business
- Kentucky Small Business Credit Initiative (KSBCI)
- Small Business Loan Program (PDF)
- The Kentucky Small Business Tax Credit (KSBTC)
- U.S. Small Business Administration
- Angel Investment Tax Credit
Other Business Incentives and Financial Programs
The following tourism-related incentives are administered through the Kentucky Tourism, Arts and Heritage Cabinet.
Preservation Tax Credit Programs
The Kentucky Heritage Council administers the Kentucky Historic Preservation Tax Credit program in partnership with the Kentucky Department of Revenue, and the Federal Historic Rehabilitation Tax Credit program in partnership with the National Park Service. Both of these credits are intended as incentives for private investment in historic buildings throughout the Commonwealth. Visit heritage.ky.gov/incentives/ for more information.
Local Preservation Grant Programs
50% or up to $2000
Available for exterior restorations/repairs
Grant amount determined by available funds and number of requests under consideration
Available for commercial property owners and business owners within the locally designated HOD area
Government buildings and national franchises not eligible
Improvements are to remain in place and maintained
All property taxes and licenses are current
Applicant responsible for the project and result in restorations appropriate for the building, contributing to the success of the current business and repair the building’s façade to positively contribute to the appearance and vitality of Downtown
Preserve architectural integrity of the structure and if possible restore the original façade
Match preservation guidelines outlined by the US Secretary of the Interior Standards
Meet all local governmental rules, regulations and laws, including the Danville Historic Preservation Ordinance and Design Guidelines
Use the gentlest methods available for exterior surface cleaning
Consider unique qualities of the individual building