Kentucky Capital Development Corporation

What Kentucky Capital Development Corporation does

Kentucky Capital Development Corporation (KCDC), now operating under the brand Develop Frankfort, is a publicly funded economic development corporation serving Frankfort and Franklin County, Kentucky. Its core function is business attraction, retention, and expansion support — including site selection, incentive packaging, Opportunity Zone navigation, workforce development coordination, and remote worker attraction — delivered at no direct cost to prospective employers. Customers are companies evaluating Franklin County for new or expanded operations and remote workers relocating to the area.

The organization's products center on a Wix-hosted community platform (DevelopFrankfort.org) that consolidates industrial land/building listings, local incentives, tax and permitting data, Opportunity Zone information, and workforce/education resources. Supporting initiatives include the FACT District (a 125-acre commerce and technology district on US 127 South), the FAIDA industrial development authority board, the Strategic Plan 2025 prepared with Garner Economics, a podcast series featuring local leaders, and a remote worker incentive program delivered through the Make My Move platform. The stated strategic objective is 1,000 new jobs in target industries at an average wage of $62,000.

Commercially, the entity does not generate revenue from its clients — services are provided free of charge to businesses — and is instead funded through public/governmental sources, with reported access to the Kentucky Product Development Initiative (established 2022) for site and infrastructure upgrades. Distribution is delivered via direct enterprise engagement, online resources, a regional partnership network spanning the 9-county Greater Lexington Region and multiple government/chamber partners, and earned-media placements (e.g., FDI Alliance International Magazine Autumn 2025). The organization has been recognized as a top U.S. micropolitan area for new and expanding business projects by Site Selection magazine for six consecutive years (2014–2019).

Name

Kentucky Capital Development Corporation

Legal name

Kentucky Capital Development Corporation

Website

https://kycapitaldevelopment.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Kentucky Capital Development Corporation (Develop Frankfort) is a publicly funded economic development corporation that supports business attraction, site selection, incentives, and workforce development for companies locating or expanding in Frankfort and Franklin County, Kentucky.

Ownership category

akta.pro rank

Product category

Economic Development Services

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Economic Development & Business Licensing (Local) (BPAIACAN)

akta.pro secondary industry

Infrastructure Planning, Capital Programs & Project Delivery Offices (PMOs) (BPAIALAJ)

Keywords

• Economic development services
• Site selection consulting
• Business attraction incentives
• Workforce development programs
• Industrial park development

Headquarters

HQ city

Frankfort

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Economic Development Services: As a public economic development corporation, the organization provides services at no direct cost to businesses seeking to locate or expand in Frankfort and Franklin County. Funding comes from public/governmental sources to support economic growth and workforce development.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Kentucky Capital Development Corporation (now operating as Develop Frankfort) is an economic development organization that supports business attraction, expansion, and workforce development in Frankfort and Franklin County, Kentucky. It provides site selection services, available property listings (industrial and office land/buildings), local incentives navigation, Opportunity Zone information, and operates the FACT District (Franklin Anderson Commerce and Technology District) covering 125 acres on US 127 South. Services are delivered at no direct cost to businesses through a publicly funded model.

Product overview

Kentucky Capital Development Corporation (KCDC), now rebranded as Develop Frankfort, is an economic development organization offering a unified suite of services focused on economic growth, workforce development, and community prosperity in Frankfort and Franklin County, Kentucky. The core offering is the Develop Frankfort economic development platform, supplemented by the Franklin Anderson Commerce and Technology District (FACT District) and the Franklin Anderson Industrial Development Authority (FAIDA Board). Supporting services include the Strategic Plan 2025 initiative, a podcast series, remote worker incentive programs, and comprehensive site selection services covering industrial and office properties, local incentives, and Opportunity Zone designations.

Differentiator

Problem solved

Functional benefit

Products and services

• Site Selection Services Comprehensive site selection support for businesses evaluating Frankfort and Franklin County, Kentucky, including industrial land, industrial buildings, office land, office buildings, local incentives information, and Opportunity Zone guidance. Provided at no direct cost to prospective employers.
• FACT District (Franklin Anderson Commerce and Technology District) 125-acre shovel-ready commerce and technology district on US 127 South, three miles from I-64, targeting 1,000 new jobs in target industries at an average wage of $62,000. Leverages Kentucky Product Development Initiative funding for site and infrastructure upgrades.
• FAIDA Board (Franklin Anderson Industrial Development Authority) Industrial development authority board focused on growth initiatives, strategic plans, and investment opportunities in Franklin County, Kentucky.
• Local Incentives and Opportunity Zone Navigation Assistance for businesses and investors in accessing local economic development incentives and Opportunity Zone investment programs for Frankfort and Franklin County.
• Develop Frankfort Economic Development Platform The unified platform (DevelopFrankfort.org) through which Kentucky Capital Development Corporation, now rebranded as Develop Frankfort, offers its economic growth, workforce development, and community prosperity services for Frankfort and Franklin County, Kentucky.

Quantifiable outcome

• Named top micropolitan area for new and expanding business projects 2014-2019
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and minor.

• Kentucky Product Development InitiativecoreStrategic or Co-development Partner · 1 January 2022State program established in 2022 by Kentucky General Assembly providing funding for site and infrastructure upgrades to promote economic growth. This initiative aids the development of the FACT District and supports Frankfort/Franklin County's economic development efforts.
• Greater Lexington RegioncoreStrategic or Co-development PartnerFrankfort joins 9 counties in the Greater Lexington Region: Bourbon, Clark, Fayette, Jessamine, Madison, Montgomery, Scott, and Woodford counties. Partnership creates actionable intelligence about the region's economy and actions to improve competitiveness.
• FDI Alliance International MagazineminorGTM or Marketing PartnerFrankfort and Franklin County featured in FDI Alliance International Magazine Autumn 2025 issue, highlighting the new commerce and technology district and economic development initiatives.
• Garner EconomicscoreStrategic or Co-development PartnerNational site selector and economic development expert Jay Garner of Garner Economics prepared the Frankfort and Franklin County Strategic Plan 2025, including People Product and Place Report and Competitive Realities Report.
• Make My MoveminorChannel Partner/ Reseller/ DistributorRemote worker incentive program partnership with Make My Move platform, offering incentives for select number of remote workers relocating to Frankfort's gig community with fast internet.
• City of Frankfort GovernmentcoreStrategic or Co-development PartnerMunicipal government partner providing business resources and local government collaboration for economic development initiatives.
• Franklin County GovernmentcoreStrategic or Co-development PartnerCounty government partner collaborating on economic growth initiatives, FACT District, and FAIDA Board programs.
• Frankfort Chamber of CommerceminorStrategic or Co-development PartnerRegional chamber partnership supporting business community and economic development efforts.
• Locate in Lexington / Look at LexingtonminorChannel Partner/ Reseller/ DistributorRegional marketing partners providing business location resources for the Greater Lexington Region.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Chattanooga Area Chamber of Commerce: Mid-sized regional chamber and EDO frequently cited by Site Selection Magazine for business attraction success. Comparable as a similarly-sized EDO pursuing workforce-aligned industrial growth and place-branding around regional identity.
• Bowling Green Area Chamber of Commerce: Kentucky micropolitan EDO serving Bowling Green and Warren County, similarly small in scale. Directly comparable as a Kentucky micropolitan EDO competing for the same corporate site-selection projects with similar staffing and budgets.
• Louisville Forward: Louisville Metro Government's economic development agency, recognized by Site Selection Magazine as a top metro area. Directly comparable as a Kentucky EDO focused on business attraction, site selection, and incentives — operating at a larger metro scale in the same state.
• Greater Owensboro Chamber of Commerce: Kentucky micropolitan EDO serving Daviess County. Comparable as another small-scale Kentucky EDO with similar incentive offerings, workforce programs, and competing for similar industrial/manufacturing site selection projects.
• Greater Lexington Partnership: Regional economic development organization serving Lexington-Fayette County, Kentucky. Directly comparable as a Kentucky-based EDO targeting business attraction, expansion, and workforce development within the same Greater Lexington Region that Develop Frankfort is a member of.

Regional players

• Cincinnati USA Regional Chamber: Regional EDO serving the Cincinnati metropolitan area, located approximately 91 miles north of Frankfort. Comparable as a regional EDO competing for the same tri-state investment opportunities, though operating across state lines (Ohio/Kentucky/Indiana).

Broad incumbents

• Nashville Area Chamber of Commerce: Major metropolitan chamber and economic development organization. Comparable as a micropolitan-to-metro success story widely recognized by Site Selection Magazine, providing a benchmark for how Develop Frankfort's model could scale.
• Kentucky Cabinet for Economic Development: State-level Kentucky economic development authority that administers Team Kentucky, the Kentucky Product Development Initiative, and state-level incentive programs. Comparable as the umbrella state body within which Develop Frankfort operates, providing funding and policy framework.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/ky-capital-development-corp
• Instagraminstagram.com/wedevelopfrankfort?igsh=YjhtNm83OTNuYXRt&utm_source=qr
• Xx.com/kcdcfrankfort

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kentucky Capital Development Corporation