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Local Incentive Programs

Development Incentive for Licensed Professionals:

A new or existing business entity that engages in the practice of a licensed professional. Qualified applicants may be eligible for an employee withholdings incentive payment equal to fifty percent (50%) for up to five (5) years. Applicants located in or locating to the Florence Main Street District must generate a minimum of $150,000 in new Florence taxable wages. Applicants located in or locating to the Central Florence District or the Dixie Highway Corridor must generate a minimum of $300,000 in new Florence taxable wages. This incentive is not available in other areas of the city.

Development Incentive for Manufacturing, Nonretail Service, or Technology:

A new or existing business entity that meets the definition of manufacturing, nonretail service, or technology.  Qualified applicants may be eligible for an employee withholdings incentive payment equal to fifty percent (50%) for up to five (5) years. Applicants located in or locating to the Florence Main Street District must generate a minimum of $300,000 in new Florence taxable wages. Applicants located in or locating to the Central Florence District, the Northern Kentucky Industrial Park, or the Dixie Highway Corridor must generate a minimum of $500,000 in new Florence taxable wages. Applicants located in or locating to other areas of the city must generate a minimum of $2,000,000 in new Florence taxable wages.

Development Incentive for Florence Main Street Reinvestment:

A new or existing business entity that establishes a business in the Florence Main Street District at a property that has been substantially vacant for 12 months.  Qualified applicants may be eligible for an employee withholdings incentive payment equal to fifty percent (50%) for up to two (2) years.

City of Florence, KY
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8100 Ewing Blvd.•Florence, KY 41042•Ph: 859.371.5491•Fax: 859.647.5411