Boyd County court adopts inducement resolution for Carbon Corp sustainable aviation fuel project

The Boyd County Fiscal Court voted June 3 to adopt a bond inducement resolution supporting Carbon Corp Incorporated’s planned sustainable aviation fuel production facility in Boyd County.

Jim Parsons, special counsel for economic development matters, told the court the resolution expresses the county’s intent to issue industrial revenue bonds as a conduit for the project and emphasized that such bonds are not county debt. Parsons said the county’s action would allow Carbon Corp to pursue financing and that any state incentives negotiated separately with the Kentucky Economic Development Cabinet would be in addition to county measures.

Parsons also explained the inducement resolution authorizes related agreement‑in‑lieu‑of‑taxes (pilot) provisions; he said the pilot expressly provides that the school district and any applicable fire district at the project site would receive 100% of their final payment under the pilot. Parsons described the vote as an initial procedural step: if and when Carbon Corp proceeds, the company will return for final bond issuance and the county would adopt a formal bond resolution at that time.

A company representative identified in the meeting as Michael thanked the court and said the project is at an early stage, expressing hope it would bring private and federal investment to the county.

The inducement resolution passed on a roll‑call vote. The court did not adopt final bond documents or report a closing date; Parsons and county staff said those actions would come later if the company moves forward.