Mt. Sterling is a town of approximately 7,000 people in a county of 28,000 residents on the fringe of the central region of Kentucky. Our community, located on I-64 just 29 miles east of Lexington and I-75, offers a combination of big city amenities and rural community advantages. Our strong work ethic, moderate land and building prices, labor availability and low turnover rates are indicative of a rural community.
Our proximity to Lexington, Kentucky’s second largest city, affords big city services not available in the average rural community. Services such as commercial air travel, universities, performing arts, fine restaurants, industrial services and supplies, and endless shipping are available within a short distance. This combination makes Mt. Sterling a logical choice for your facility.
Mt. Sterling qualifies for the KBI-Kentucky Business Incentives program, a tax credit program established by the State, allowing you to receive a 100% tax credit against your KY income tax liability generated by the project and to utilize a 5% job development assessment fee (see www.thinkkentucky.com for further details). In addition, we have the capability of local financing with five local banks whose combined assets are greater than $5 billion. We are also inclined to develop local incentives for a company offering to employ local men and women. We welcome the opportunity to discuss your needs and develop an incentive package that meets a particular need of your company.
In review, we are the kind of community that can help your business prosper. Our pro-business attitude, friendly nature and solid work ethic make Mt. Sterling a good place to live and do business. We welcome the chance to work with you toward developing a package that is beneficial and meaningful to both your company and our community.
For more information, please contact Jason Rainey at jason@mtsterlingchamber.com
MSMCIA – Award Series Deadline May 1, 2023
The Award Program, designed by the Mt. Sterling – Montgomery County Industrial Development Authority (MSMCIA), provides strategic investments in local businesses that are either currently operating or are in the start-up phase within Montgomery County. Each business should demonstrate their overall plan, ways in which the investment will be utilized, the need for the specific investment along with how they are helping to build community to mobilize local resources, and strengthen community institutions and networks.
For more information including Award Guidelines and Application, please email contact@mtsterlingchamber.com
