Kentucky Data and Stories

State Fact Sheet

Map of Selected Projects in Kentucky

Community Testimonials

Community Ventures supports New Markets Tax Credits as it attracts private capital to low-income and economically distressed areas by providing capital through the sale of the tax credits. This helps stimulate business growth, create good jobs, and improve communities where the investment might not occur otherwise.

-Dan Heffernan, Community Ventures

Selected Projects in Kentucky

Mustard Seed Hill

Millersburg,
KY
(2020)

Community, Incubator

CDE(s): Community Ventures, Enhanced Capital

Continued restoration and renovation of the Mustard Seed Hill campus, creating a home for a business incubator, commercial kitchen, corporate meeting spaces, an event hall and lodging.

Main Street Rehab Project

Hindman,
KY
(2020)

Community, Mixed-use

CDE(s): National Community Investment Fund

This NMTC project rehabilitates seven properties along Main Street, primarily the old jail building in Knott, into a climate-controlled bus waiting area to allow for expanded transportation options. It also

Berea College Lock 12

Berea,
KY
(2020)

Adult Education, College or Vocational Training, Community, Rural, Vocational Training

CDE(s): Community Ventures, Midwest Renewable Capital

Berea College deciding to offer more scholarships decided to add onto Lock 12 (dam) to create and sell their electricity. By doing so, there is a $2,000,000 annual savings to

The MET Development 2

Lexington,
KY
(2020)

Community, FQHCs, Grocery and Fresh Food, Healthcare, Mixed-use, Retail, Retail and Commercial

CDE(s): Community Hospitality Healthcare Services, USBCDE

Financing for a much-needed medical clinic and grocery store.

Modern Distributors

Somerset,
KY
(2020)

Business Development, Manufacturing, Rural, Warehouse and Wholesale

CDE(s): Community Ventures, The Valued Advisor Fund

Financing to help a multifaceted food service provider expand.

Lousiville Urban League Sports & Learning Complex

Louisville,
KY
(2020)

Adult Education, College or Vocational Training, Community, Healthcare, Mixed-use, Nonprofit Hub, Recreation

CDE(s): Grow America, Telesis CDE Corporation, The Reinvestment Fund

The Louisville Urban League Sports & Learning Complex is a $52.22 MM development on a former 24-acre tobacco processing and storage facility in the west end of Louisville.

C & S Machine & Manufacturing Corporation

Louisville,
KY
(2020)

Business Development, Manufacturing

CDE(s): WesBanco

Funding for the purchase and installation of new equipment to serve a new client in a growing business.

The MET Development, Inc.

Lexington,
KY
(2019)

Affordable Housing, Community, FQHCs, Grocery and Fresh Food, Healthcare, Housing, Mixed-use, Retail, Retail and Commercial

CDE(s): Community Hospitality Healthcare Services, USBCDE

Construction of two buildings on Midland Avenue and East Third Street, in the East End neighborhood of Lexington, Kentucky.

Louisville Urban League Sports & Learning Complex

Louisville,
KY
(2018)

Adult Education, Behavioral Health, Brownfield Remediation, College or Vocational Training, Community, Mixed-use, Nonprofit Hub

CDE(s): Grow America, Telesis CDE Corporation, The Reinvestment Fund

New sports facility supports job training, education, health and wellness, and opportunity in the Russell neighborhood

Republic Bank Foundation YMCA

Louisville,
KY
(2018)

Community, Daycare and Early Childhood, Healthcare, Recreation, YMCAs and YWCAs, Youth and Families

CDE(s): CAHEC, Capital One, Community Hospitality Healthcare Services, IFF

The Republic Bank Foundation YMCA is a newly constructed 77,000 sq. ft. multi-purpose facility to improve health equity in west Louisville, Kentucky.

Tom Browning’s Boys & Girls Club

Maysville,
KY
(2018)

Boys and Girls Clubs, Community, Daycare and Early Childhood, Recreation, Rural, Youth and Families

CDE(s): Community Hospitality Healthcare Services

A total sports facility, which includes baseball fields and a concession/scoring building.

Berea College

Berea,
KY
(2017)

Adult Education, College or Vocational Training, Community, Rural, Vocational Training

CDE(s): Raza Development Fund

This project was for a phase in the largest capital expenditure in Berea's history.

Site visits and recent news related to Kentucky NMTC Projects

Rep. Barr (R-KY) tours EZ Pack Trucks in Cynthiana

"I was honored to congratulate EZ Pack for their new expansion in Cynthiana. This impressive new facility will create hundreds of high quality jobs for Kentuckians and is a direct result of the New Markets Tax Credit, which was included in the #TaxCutsandJobsAct." said Rep. Barr (R-KY)

Learn more...

Aug-2018

SNEAK PEEK: YMCA of Greater Louisville takes us inside $33M West End facility (PHOTOS)

April 8, 2019

From Restaurant to Kitchen Incubator: Chef Space

May 1, 2016

Kentucky Chrome Works Receives $3 Million in Funding from BizCapital

July 25, 2012