Thinking about redeveloping a brownfield in Kentucky?
The Kentucky Brownfield Redevelopment Program and other partner agencies can pinpoint incentives to help pay for redevelopment and provide assistance in the assessment and cleanup process. There are services available for the
private sector and
public entities, including nonprofit organizations. Businesses and individuals can sometimes access additional incentives for projects by partnering with eligible local governments or nonprofits.
Brownfield Funding and Incentives (Full Image)
- Grants - Public entities including local governments, quasi government agencies and nonprofits (501c3) are eligible for grant funding in the Cleaner Commonwealth Fund.
- Loans - Public, including nonprofits, are eligible to apply for loans from the fund.
To learn more about the program and application, go to the
CCF Fund page
Additional incentives are available from the Kentucky Cabinet for Economic Development. Visit
ThinkKentucky.com for more information.
Department for Local Government manages various federal and state funding opportunities for local government agencies.
Kentucky's laws mirror the federal
Bona Fide Prospective Purchaser protections. In addition, on April 11, 2012, House Bill 465 was signed into law. This law allows prospective property redevelopers to work with the state to attain a level of liability assurance. Properties, such as the
Kuhlman Electric Building in Versailles, KY, are among the first to take advantage of the new law. The new law can be found in Kentucky Revised Statute
224.1-415 with some additional effects on KRS
224.60-138(1) for underground storage tanks.