The City Council adopted a Business Assistance Program (BAP) to ensure the City remains competitive, consistent, and accountable, by leveraging the impact of a business opportunity to assist prospects in locating or expanding in the City of Louisville. The program’s criteria apply to primary job recruitment and retention, as well as retail recruitment and retention.
The City has completed incentive agreements with a variety of businesses since the program's inception. They have included agreements with restaurants, retail developers, manufacturing, and high tech businesses.
Types of Business Assistance
- Business Assistance is generally provided in the form of building permit fee rebates, construction use tax rebates, and sales and/or use tax rebates (if applicable).
- All rebates will be based upon new dollars generated by the project at move-in and/in the early years of operation. The rebates must be earned by carrying out the project.
- Any sales tax business assistance is calculated on the City’s 3.5% less the City’s open space tax of .375% and the historic preservation tax of .125%, unless the City considers a lesser amount to be appropriate.
- Based upon the new dollars generated by the project, the City may rebate a percentage of those dollars back to the owner or developer (but not both).
- Business Assistance is available only upon formal City Council approval and there must be an assistance agreement in place prior to a location decision being made.
For more information, please contact the Economic Development Department at 303.335.4533.