Promote:
Invest in Kentucky
A short guide for companies expanding into Kentucky: the economy at a glance, the rules and steps to set up, and who can help, each with its source.
1. Kentucky at a glance
Population
4.61 million
The population was 4,606,864 as of July 1, 2025.
Source: Census Bureau, state population estimates, July 1, 2025 (opens in a new tab) · as of 2025
GDP
US$313.6 billion
GDP was US$313,566.3 million in 2025, in current dollars.
Source: BEA, GDP by state, 2025 (annual update, September 2026) (opens in a new tab) · as of 2025
GDP per person
US$68,065
GDP per person was US$68,065.0 in 2025, in current dollars, computed from BEA's GDP and the Census Bureau's population estimate.
Source: BEA, GDP by state, 2025 (annual update, September 2026) (opens in a new tab) · as of 2025
Real GDP growth
3.0%
Real GDP growth was 3.0 percent in 2025, BEA's published percent change.
Source: BEA, GDP by state, 2025 (annual update, September 2026) (opens in a new tab) · as of 2025
Currency and inflation: see the United States at a glance
2. Before you set up
The body that handles foreign investment, Kentucky’s limits on foreign ownership, the zones and other rules for investors, as the guide found them.
SelectUSA names the Kentucky Cabinet for Economic Development as the state economic development organization for Kentucky.
Source: SelectUSA, state economic development organizations (opens in a new tab) · as of November 3, 2026
Kentucky Revised Statutes section 247.018 (2025 House Bill 315), effective June 27, 2025, bars agricultural land purchases and leases by parties tied to the governments of proscribed countries.
Source: Kentucky Revised Statutes, section 247.018 (opens in a new tab) · as of June 27, 2025
The Foreign-Trade Zones Board's 2024 annual report lists 3 foreign-trade zones in Kentucky.
Source: Foreign-Trade Zones Board, annual report, 2024 (opens in a new tab) · as of 2024
The ban covers any interest, including a lease, in public or private agricultural land, and bars participation in programs of the Department of Agriculture and two agricultural finance bodies.
Source: Kentucky Revised Statutes, section 247.018 (opens in a new tab) · as of June 27, 2025
Show 8 more
It applies to nonresident aliens and foreign businesses, agents, trustees or fiduciaries bound to the government of a country listed in federal arms-trade rules (22 C.F.R. sec. 126.1).
Source: Kentucky Revised Statutes, section 247.018 (opens in a new tab) · as of June 27, 2025
Land bought, leased or acquired before June 27, 2025 may be kept, but no further agricultural land or interest in it may be acquired.
Source: Kentucky Revised Statutes, section 247.018 (opens in a new tab) · as of June 27, 2025
An entity holding a national security agreement with the Committee on Foreign Investment in the United States may acquire up to 350 acres for agricultural research or testing.
Source: Kentucky Revised Statutes, section 247.018 (opens in a new tab) · as of June 27, 2025
A covered owner may hold land needed for its nonagricultural business if it completes development within five years, and an existing foreign business may buy adjacent land to expand.
Source: Kentucky Revised Statutes, section 247.018 (opens in a new tab) · as of June 27, 2025
A court that finds a violation declares the land escheated to the state and orders its sale, and a violating lease is rescinded.
Source: Kentucky Revised Statutes, section 247.018 (opens in a new tab) · as of June 27, 2025
The Department of Agriculture reviews those filed reports and any report from a county register of deeds, and refers suspected violations to the Attorney General.
Source: Kentucky Revised Statutes, section 247.018 (opens in a new tab) · as of June 27, 2025
Covered owners must also file a copy of their federal agricultural foreign investment disclosure report with the Department of Agriculture.
Source: Kentucky Revised Statutes, section 247.018 (opens in a new tab) · as of June 27, 2025
The Legislative Research Commission's tables of KRS sections affected show House Bill 315 creating section 247.018 in 2025 and list no act amending it in the 2026 session.
Source: Kentucky Acts, KRS sections affected, 2026 session (opens in a new tab) · as of May 28, 2026
Investment rules across the United States: see Invest in the United States
3. Steps to set up
The main steps, in order, each with the body responsible and its official page.
Setting up in Kentucky
- A foreign entity applies to the Secretary of State for a certificate of authority before it transacts business in Kentucky.Kentucky Secretary of StateOfficial page (opens in a new tab)
Source: Kentucky Revised Statutes, section 14A.9-010 (opens in a new tab) · as of June 24, 2015
- Apply to the Department of Revenue for a retailer or seller permit for each place of business.Kentucky Department of RevenueOfficial page (opens in a new tab)
Source: Kentucky Revised Statutes, section 139.240 (opens in a new tab) · as of August 1, 2008
- Budget for the 5 percent corporation income tax and the limited liability entity tax, which has a US$175 minimum.Kentucky Department of RevenueUS$175 minimum limited liability entity taxOfficial page (opens in a new tab)
Source: Kentucky Revised Statutes, section 141.0401 (opens in a new tab) · as of July 15, 2026
- Before you buy or lease farmland, check the limits on agricultural land held by parties tied to proscribed governments.Kentucky Department of AgricultureOfficial page (opens in a new tab)
Source: Kentucky Revised Statutes, section 247.018 (opens in a new tab) · as of June 27, 2025
Show 1 more set-up step
- Ask the Cabinet for Economic Development about incentives before you commit to a site, because the state approves them project by project.Kentucky Cabinet for Economic DevelopmentOfficial page (opens in a new tab)
Source: Kentucky Cabinet for Economic Development, financial incentives (opens in a new tab) · as of November 3, 2026
Steps that apply across the United States: see Invest in the United States
4. Organizations that help investors
Start with Cabinet for Economic Development. Each card links to the organization’s own site.
Each card says what it can help with:Get adviceFind financeMeet requirementsResearch markets
Investment and business setup
- Get advice
State economic development agency
Cabinet for Economic Development
Kentucky Cabinet for Economic Development
Leads Kentucky business attraction and runs financial incentive programs through the Kentucky Economic Development Finance Authority.
Government contracting assistance center
Kentucky APEX Accelerator
Gives Kentucky companies free counseling and connections for selling products and services to government agencies.
Visit Kentucky APEX Accelerator (opens in a new tab)Source: Kentucky APEX Accelerator, home page (opens in a new tab) · as of November 3, 2026
Customs and tax
- Meet requirements
State tax authority
Department of Revenue
Kentucky Department of Revenue
Issues retailer and seller permits for each place of business, the first step in collecting Kentucky sales tax.
Visit Department of Revenue (opens in a new tab)Source: Kentucky Revised Statutes, section 139.240 (opens in a new tab) · as of August 1, 2008
- Meet requirements
Inland river port authority
Louisville Riverport
Louisville and Jefferson County Riverport Authority
Runs a public riverport in Louisville that handles barge cargo, with loading equipment bought through the state's riverport grant program.
Show 2 more organizations
- Meet requirements
Inland river port authority
Paducah Riverport
Paducah-McCracken County Riverport Authority
Runs the Paducah inland river port, with barge, rail and container-on-barge handling, and is the grantee of Foreign-Trade Zone 294.
Air cargo and passenger airport
CVG
Cincinnati/Northern Kentucky International Airport
Runs the Northern Kentucky airport, which handled 1.7 million tons of air cargo in 2025 and hosts two global air cargo hubs.
Visit CVG (opens in a new tab)Source: CVG Airport, fact sheet, February 2026 (opens in a new tab) · as of November 3, 2026
Chambers and industry associations
- Get advice
Regional chamber of commerce
Commerce Lexington
Commerce Lexington Inc.
Supports Lexington-area business with economic development resources, a business directory, small business help and relocation guides.
Visit Commerce Lexington (opens in a new tab)Source: Commerce Lexington, home page (opens in a new tab) · as of November 3, 2026
5. Worth knowing
Sales tax on services
From August 1, 2026, Kentucky's 6 percent sales tax also covers data brokering services, added to its list of taxed services.
What to do: Check whether the services your project buys are taxed before you set a budget.
Sources: Kentucky Revised Statutes, section 139.200 (opens in a new tab); Kentucky Acts 2026, chapter 161 (House Bill 757) (opens in a new tab) · as of November 3, 2026
Reserved sectors
Since June 27, 2025, parties tied to proscribed governments may not buy or lease Kentucky agricultural land; earlier holdings may be kept.
What to do: Check your owners and any parcel's use before you sign a farmland deal.
Sources: Kentucky Revised Statutes, section 247.018 (opens in a new tab); Kentucky Acts, KRS sections affected, 2026 session (opens in a new tab) · as of November 3, 2026
Wage credit for projects
Companies with preliminary approval after July 1, 2026 may earn a wage credit of up to 2.25 percent in heritage counties and 1.25 percent elsewhere.
What to do: Ask the Cabinet whether your project's approval date and county qualify.
Sources: Kentucky Acts 2026, chapter 198 (House Bill 869) (opens in a new tab); Kentucky Cabinet for Economic Development, business incentive programs (opens in a new tab) · as of November 3, 2026
Tax increment programs
2026 Acts chapter 198 takes no new applications for the property-tax and mixed-use programs, and none for the Signature Projects Program after December 31, 2028.
What to do: Confirm which program still takes applications before you model it.
Sources: Kentucky Acts 2026, chapter 198 (House Bill 869) (opens in a new tab); Kentucky Cabinet for Economic Development, incentive overview, November 2023 (opens in a new tab) · as of November 3, 2026
Across the United States: see Worth knowing in Invest in the United States
6. How Promote:Global helps
- Compare the United States with other countriesSet the United States beside other countries on investment momentum, fundamentals and trade access, before site, tax and legal work.
- Find advisors and service firmsAsk an advisory firm a scoped, paid question, or browse firms that list their own services, from legal work to logistics.
- Organize your next stepsKeep each product and market in a project, with a roadmap of steps you work through.
Turn this guide into your Kentucky project.
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Promote:Kentucky is an independent guide by Promote:Global, not an official government portal. The organizations named here are independent public and membership bodies, not Promote:Global partners, and every link goes to their own site.
Facts read from public sources, with an editorial cut-off of November 4, 2026. Nothing here is investment, legal, tax or sanctions advice. Check current status with the organization before you rely on it.