The Elizabethtown/Hardin County Industrial Foundation is a not-for-profit economic development organization. The mission of the Foundation is to:
- Attract and recruit quality business and industry to our area
- Serve as ombudsman to the excellent existing industries in Elizabethtown and Hardin County
MISSION 1: Recruitment of New Industry
- Fully developed 700+ acre industrial park (sites vary from 2 acres to 300 acres)
- Paducah & Louisville Railroad in the park
- 4-lane road to the industrial park
- 2.5 miles to I-65, Bluegrass Parkway, and Western Kentucky Parkway
- Local airport with 6000 ft runway
- 37 truck lines service local industry
- UPS Hub located in Louisville, KY, 35 miles north
- Louisville International Airport, 35 miles north
MISSION 2: Support of Existing Industries
The Hardin County Plant Managers Association is a forum that meets monthly and allows industry to express their needs and concerns. The Elizabethtown Industrial Foundation serves as an ombudsman to facilitate the resolution of those concerns.
The Elizabethtown Industrial Foundation Training Consortium is an industry-driven partnership between the local technical and community colleges and industries that provides short term, targeted training for industry and business employees. Over the most recent 9-month period, 1100 employees received 18,000 hours of training and education in maintenance skills, computer software and regulatory issues.
Incentives:
- Bluegrass State Skills Corporation Skills Training Investment Credit (BSSC)
- Provides credit against Kentucky income tax to existing businesses that sponsor occupational or skills upgrade training programs for the benefit of their employees
- Kentucky Industrial Development Act (KIDA)
- Information Summary ( 44kb PDF file)
- For new and expanding manufacturing projects
- Projects approved under KIDA may receive state income tax credits for up to 100% of its capital investment for up to 10 years on land, buildings, site development, building fixtures and equipment used in a project, or the company may collect a job assessment fee of 3% of the gross wages of each employee whose job is created by the approved project and who is subject to Kentucky income tax.
- Kentucky Jobs Development Act (KJDA)
- Information Summary ( 76kb PDF file)
- For new and expanding service and technology related projects
- KJDA projects may receive a 100% credit against the state income tax arising from a project and may collect a job assessment fee of up to 5% of the gross wages of each employee whose job is created by the project and who is subject to Kentucky income tax
- Amounts can be up to 50% of project start-up cost and up to 50% of annual facility rental cost or rental value for up to 10 years
- The local community must approve the project prior to the submission of an application.
- Local property tax abatement
- All utilities to site
- Elizabethtown Industrial Foundation Training Consortium
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