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In Clinton County recently an Industrial Authority has been created to make an industrial park available to interested industries and plans are being made for expanded water plant capacity, sewer lines, rural fire departments, community beautification projects and an airport to attract industry. Library expansion and an amphitheater are planned. I understand that up to $3,000 in tax credits per employee hired from the area per year for ten years may be available for any employer locating in the area. This essentially means that the federal government would be picking up that part of each employee's pay. Also many other financial incentives such as government loans may be available from the federal government in addition to any incentives that could be negotiated with the local and state government.
This can be a tremendous opportunity for businesses looking for a place to locate within the next one to five years. Those that locate in the area first will get the maximum advantage of the tax credits.
Clinton County Empowerment Zone
The Neighborhood Works - Magazine article on Empowerment Zone
Community Program has problems
City of Albany, Kentucky, Draft Environmental Impact Statement
Empowerment Zones - Series of newspaper articles from the Lexington-Herald
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Last revised September 27, 1998.
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