AN ACT relating to economic development.

Summary

The bill establishes a high‑growth loan program administered by the state cabinet and a revolving loan fund managed by a limited partnership. It provides loans to small (50 or fewer employees) and medium‑sized (51‑500 employees) Kentucky companies that demonstrate rapid growth potential, using up to $25 million of state money plus private investor contributions. The program requires regular reporting on loan performance and fund balances.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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