Fillable Jobs Development Incentive Program Application (City of Newport, Kentucky)

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Jobs Development Incentive Program Application (City of Newport, Kentucky)

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BROWSE CITY OF NEWPORT, KENTUCKY (KY) FORMS

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998 Monmouth Street Newport, KY 41071 859.292.3666 www.newportky.gov
Jobs Development Incentive Program Application
The City of Newport Jobs Development Incentive Program (JDIP) was created in 2007 to “recognize
the importance of a growing and expanding economy by providing incentives for the creation of new
jobs in the service, technology, and industrial sectors.” Manufacturing and technology companies and
professional offices meeting the eligibility criteria may qualify for up to 40% rebate of City of Newport
Occupational Tax withholdings for up to ten years. Pursuant to Section 37.215 of the Newport City
Code of Ordinances, in order to determine eligibility for this program, a company must complete, sign
and submit the following application.
Company Full Legal Name: __________________________________________________
IRS
Employer Identification
Number (EIN):
Company Headquarters Office Address:
_________________________________
_________________________________
City _____________________________
State __________ Zip_____________
Company Main Local Address (If different):
_________________________________
_________________________________
City _____________________________
State __________ Zip_____________
General Project Description and purpose of the incentive application: (List business activities to
take place in Newport, timing, associated capital investment and any other details related to the project
location of expansion)
998 Monmouth Street Newport, KY 41071 859.292.3666 www.newportky.gov
Employment Projections:
Year
Total Estimated
FTE
Average Annual Salary
Total Estimated City of Newport
Taxable Wages
Current
1
2
3
4
5
Total Project Capital Investment $ ______________________________________________
Please Attach:
Project Sources and Uses, including total project cost
5 Year Projected Proforma
Past 3 Years Profit and Loss Statements
Resumes of Management
Marketing Strategy / Plan
Certification of Equal Opportunity Employer
Company Contact
Name: ___________________________________________________________________________
Email: ____________________________________________________________________________
Phone Number:_____________________________________________________________________
For more information or to submit this form, with attachments, contact:
Bev Holiday, Community Liaison Coordinator
City of Newport, Kentucky
Email: bholiday@newportky.gov
Phone: 859-655-6341
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Jobs Development Incentive Program Application (City of Newport, Kentucky)

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Completed 14 July 2020

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