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Lexington Jobs Fund reports awards, repayments and $1.64 million available for new incentives
Summary
At the Sept. 16 committee meeting, staff summarized the Jobs Fund history, eligibility rules and performance figures: 31 awards (22 active), program incentives of about $4.07 million, and $1,641,957.34 currently available for new awards, officials said.
Troy Black, administrative specialist in the mayor’s office, presented the annual Lexington Jobs Fund update Sept. 16, describing the program’s purpose, eligibility and recent performance.
Black said the Jobs Fund, established by Ordinance 150 three-twenty '13 in December 2013, provides incentive funding to businesses that locate in or move to Lexington, Fayette County and commit to creating and retaining a minimum number of jobs. The program emphasizes early-stage startups, advanced manufacturing, technology, shared-service operations and healthcare. Under the program’s guidelines…
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