Government Contract | Kentucky
Request for Proposals of Consultants

Bid Information

Bid Alert No: 00000513688

Bid Title: Request for Proposals of Consultants

Agency Bid No. Title: 1600000335

Received Date: 03/15/2016

Close Date: 04/15/2016

Purchase Type: through June 30, 2018

Delivery Point:

Delivery Date: Not Stated


Specifications include, but are not limited to:The Kentucky Cabinet for Economic Development has two tax incentive programs requiring input from a third-party consultant with regard toapplicant eligibility. The Cabinet is seeking one or more firms that can provide consulting services for one or both programs. The administeringauthority for both programs is the Kentucky Economic Development Finance Authority (KEDFA), which is attached to the Cabinet for EconomicDevelopment for administrative purposes.A. Kentucky Industrial Revitalization Act (KIRA)The KIRA program is codified at KRS 154.26-010 to 154.26-120. Eligible companies under the law are existing manufacturing or agribusinesscompanies that employ 25 persons and are faced with an imminent closure of their Kentucky facility due to lack of productivity or profitabilitycaused by outdated equipment. Eligible companies may also include an entity having or intending (in the case of closed facilities) the rawproduction of at least three million tons of coal mined from the facility and employing or intending to employ (in the case of closed facilities) aminimum of 500 persons engaged in coal mining and processing at an existing facility that has been closed, temporarily suspended or severelyreduced. Qualified applicants for KIRA incentives are eligible to receive a combination of a Kentucky corporate income tax credit and anemployee wage assessment not to exceed 5% of the gross payroll for a term equal to the earlier of the date the company has recaptured up to75% of the approved costs or 10 years.To qualify for the incentives, there must be evidence that the expenditure and resulting improvements will improve the economic situation of theapproved company to allow the approved company to remain in operation and retain or create jobs

Bid Related Documents

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Product Codes: 91837, 91849, 94648

Agency Information

Issuing Agency: Commonwealth of Kentucky Cabinet for Economic Development

State: Kentucky

Agency Type: State and Local

Contact: 300 West Broadway, Frankfort, Kentucky, 40601



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