The Cabinet for Economic Development is the primary state agency in Kentucky responsible for encouraging
job creation and retention, and new investment in the state. Programs administered by the Cabinet are
designed to support and promote economic development, primarily by attracting new industries to the state,
assisting in the expansion of existing industries, leading a statewide network of support for entrepreneurs,
small business owners and knowledge-based start-up entities, and assisting communities in preparing for
economic development opportunities.
By statute, the Cabinet is governed by the Kentucky Economic Development Partnership (or the Partnership Board).
The Partnership Board is responsible for directing and overseeing the Cabinet and adopting a Strategic Plan. The
Kentucky Economic Development Finance Authority (KEDFA) is a statutorily created committee under the authority
of the Partnership Board. KEDFA is responsible for awarding most of the financial incentives offered by the Cabinet.
The Partnership Board has also formed a separate non-state limited liability company, Commonwealth Seed Capital, LLC,
to facilitate investment in seed-stage, knowledge-based companies.
The Cabinet consists of: