The Cabinet for Economic Development is the primary state agency in Kentucky responsible for creating new jobs and investment in the state. Programs administered by the Cabinet are designed to support and promote economic development within the state, primarily by attracting new industries to the state, assisting in the development of existing industries, 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 Cabinet consists of:

• Office of the Secretary
  Responsible for the development and administration of executive policies and for the overall management of the agency. Staff and administrative functions within the Office include communication services, legal services, research and information technology, personnel and administration, legislative initiatives and special projects.
• Department for Existing Business Development
  Responsible for assisting and encouraging job retention and creation by working with existing Kentucky business. Partners with outside agencies and communities to conduct workshops, community assessments, and business surveys to support local development efforts. The Department consists of the Division of International Trade, the Regional Economic Development Divisions, and the Division of Small Business Services.
• Department of Financial Incentives
  Coordinates all financial assistance, tax credit, and related programs available to business and industry. The Department consists of the Grant Programs Division, Tax Incentives Program Division, Direct Loan Programs Division, Program Servicing Division, and the Bluegrass State Skills Corporation.
• Department of Commercialization and Innovation
  Responsible for developing and implementing a strategy to create, attract, and assist knowledge-based companies to Kentucky. Additionally, recommends projects meriting funding through the high-tech construction pool and the high-tech investment pool to KEDFA.
• Department for New Business Development
  Responsible for coordinating the recruitment and attraction of new companies that will enhance the overall viability of the state’s economy. The Department includes specialists in project management and site evaluation and is supported by one International Representative office.