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Covington Job Development Incentive
Payroll tax reimbursement for Covington companies creating jobs and making capital investments.
About this program
Covington's Job Development Incentive helps growing existing companies and attracts new businesses by reimbursing payroll taxes for up to 10 years when eligible companies make capital investments and create jobs.
Eligibility
Eligible existing and new Covington businesses making capital investments and creating qualifying jobs.
Requirements
- Apply before project commitments
- Document capital investment, job creation, payroll, wages, and project timeline
- Execute incentive agreement and meet performance reporting requirements