Establishes a fund for economic development in rural Kentucky and declares an emergency.

The bill creates the rural building and job creation revolving fund to support economic development in rural counties. It defines eligible recipients and uses for the fund, such as financing support for new markets tax credits and low-interest loans for construction or renovation projects. The fund will be administered by the Cabinet for Economic Development, which will also collaborate with the Kentucky Community and Technical College System to promote job creation and placement of students and graduates.

Establishes a fund for economic development in rural Kentucky and declares an emergency.

The bill creates the rural building and job creation revolving fund to support economic development in rural counties. It defines eligible recipients and uses for the fund, such as financing support for new markets tax credits and low-interest loans for construction or renovation projects. The fund will be administered by the Cabinet for Economic Development, which will also collaborate with the Kentucky Community and Technical College System to promote job creation and placement of students and graduates.