Kentucky Chamber-supported bill to incentivize tech investments signed into law
Legislation to add data centers to the definition of manufacturing in order to attract tech investments was signed into law by Gov. Matt Bevin Friday.
Kentucky Chamber of Commerce President and CEO Dave Adkisson joined bill sponsor Rep. Jim DeCesare and representatives from the Kentucky Association for Economic Development, Bowling Green Chamber of Commerce, and Kentucky League of Cities at the bill signing with Gov. Bevin on Friday morning.
House Bill 237 adds tier 3 and tier 4 tech centers, which encompasses large tech companies like Google and Amazon, to the definition of manufacturing which will help Kentucky attract these type of tech investments, bill sponsor Rep. Jim DeCesare said in committee.
DeCesare has explained that the bill will help the Commonwealth compete with states like Tennessee with the state’s low cost energy and other assets along with the incentives offered with the new designation.