This is a financing agreement addendum to the software/services master agreement order form. It includes terms on interest and prepayments.
Kentucky Financing
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State:
Multi-State
Control #:
US-TC05082D
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Word;
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Existing Industries AgriTech. Automotive. Aerospace. Primary Metals. Food & Beverage. Logistics/Distribution. Manufacturing. Chemicals.
With a debt of $53 billion, Kentucky ranks 17th in terms of state debt. The state's debt burden reflects investments in education, healthcare, and infrastructure.
U.S. state and local government debt in Kentucky FY 1999-2027. In the fiscal year of 2021, the state of Kentucky had state debt totaling 15.36 billion U.S. dollars. However, the local government debt was much higher at 40.23 billion U.S. dollars.
That year, Kentucky received approximately $9.7 billion in federal aid, 38.5 percent of the state's general revenues. Taking into consideration the state's 2014 population, this came out to about $2,205 in federal aid per capita. Figures from surrounding states are provided for additional context.
KNEV makes grants of $30,000 and investments ranging from $250,000 to $750,000+. Qualified companies must be Kentucky-based and funds are to be used for business development activities.
Kentucky only has $21 billion of assets available to pay bills totaling $48.1 billion. Because Kentucky doesn't have enough money to pay its bills, it has a -$27.1 billion financial hole.
U.S. state and local government outstanding debt 2021, by state. In 2021, the federal state of California had about 541.24 billion U.S. dollars of debt outstanding, the most out of any state. New York, Texas, Illinois, and Florida rounded out the top five states with the most debt outstanding in 2021.
The Kentucky Small Business Tax Credit program offers between $3,500 and $25,000 per year for small businesses that have: Hired and sustained at least one new job in the last year. Purchased at least $5,000 in qualifying equipment or technology.
