Establishes the Kentucky Talent Recruitment Grant Program to incentivize relocation of high-income households to Kentucky.

The bill establishes the Kentucky Talent Recruitment Grant Program to incentivize relocation of high-income households to Kentucky. Eligible applicants include county or city governing bodies and certain nonprofit organizations. Grants are awarded based on a talent recruitment program plan, with a 20% local match. The program includes a fund for grant applications, with a maximum award of $500,000 per applicant. The cabinet administers the program, disbursing 50% of the grant upon agreement and the remaining 50% upon meeting the household goal.

Establishes the Kentucky Talent Recruitment Grant Program to incentivize relocation of high-income households to Kentucky.

The bill establishes the Kentucky Talent Recruitment Grant Program to incentivize relocation of high-income households to Kentucky. Eligible applicants include county or city governing bodies and certain nonprofit organizations. Grants are awarded based on a talent recruitment program plan, with a 20% local match. The program includes a fund for grant applications, with a maximum award of $500,000 per applicant. The cabinet administers the program, disbursing 50% of the grant upon agreement and the remaining 50% upon meeting the household goal.