Open for Business
The quality of life, natural resources and human capital in Kentucky provide a fertile ground for starting and growing businesses. The Commonwealth has programs in place, administered by the Tourism, Arts and Heritage Cabinet, to assist in the development and growth of tourism businesses.
Tourism Development Act & Kentucky Film Office
Tourism attractions tend to have difficulty obtaining financing through conventional lending sources. Many conventional lending sources find these operations to have high risk factors because they tend to be seasonal and are typically non-traditional business operations. This program was established to encourage the participation of conventional lenders by reducing their capital exposure. This is accomplished by the Tourism Development Loan Program lending up to fifty percent of development costs.
Welcome to Kentucky. From the hills and hollows of eastern Kentucky through the rolling bluegrass of our heartland to the massive lakes and flatlands of the west, Kentucky has much to offer.
Kentucky’s abundant natural areas, preserved historical attractions, and cultural heritage and traditions make the Bluegrass State a favorite for millions of visitors each year.
Kentucky has six national areas —Mammoth Cave National Park, Land Between The Lakes, Cumberland Gap National Historical Park, the Daniel Boone National Forest, Big South Fork National River and Recreation Area, and the Abraham Lincoln Birthplace National Historic Site.
The 50 sites in the Kentucky state park system include 17 resorts and 33 recreational, with many having campground, and historic sites at some of the most beautiful spots across the state.
There are hundreds of diverse and exciting attractions ranging from Six Flags Kentucky Kingdom, Newport Aquarium, Cumberland Falls and Churchill Downs, to the Kentucky Horse Park, Fort Boonesborough and Shaker Village, to the National Corvette Museum, Museum of the American Quilter’s Society and famous Berea crafts. In addition, there are hundreds of annual festivals and events.
There are more than 3,550 businesses across the state directly serving visitors. These include hotels, motels, resorts, bed and breakfasts, restaurants, campgrounds, marinas, museums, historic sites, race tracks and other attractions.
Moving to Kentucky
Enjoy the performing arts, theatre and sports attractions in our metropolitan areas. Consider rush minutes instead of rush hours. Cap leisure time advantages with proximity to Kentucky's unmatched state park system, 14 major river systems and 10 lakes of 5,000 or more surface acres of water.
Property taxes remain low, with statutory limits on annual growth. An industry-friendly state-only property tax on manufacturing equipment is figured at $1.50 per $1,000. And local jurisdictions may offer inventory tax reduction or exemption options.
Corporate headquarters, high-tech industries and manufacturing centers anchor a healthy mix of employers contributing to Kentucky's diversified economic wealth.