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UNOFFICIAL COPY 26 RS BR 1800
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A CONCURRENT RESOLUTION establishing the Economic Development 1
Incentive Modernization Task Force. 2
WHEREAS, Kentucky's general approach to economic development has b een in 3
place for more than 30 years; and 4
WHEREAS, there is a growing perception in the marketplace that Kentucky's 5
economic development incentives are increasingly less competitive, while competitor 6
states are offering more lucrative and successful incentive packages; and 7
WHEREAS, Indiana, Ohio, and numerous other states have undertaken marketing 8
campaigns to support economic development initiatives and have also updated their 9
targeted sectors to better focus on those that are the pillars of a modern economy; and 10
WHEREAS, the General Assembly believes it is time to undertake a thorough 11
assessment of Kentucky's current economic development initiatives, incentives, and 12
related policies, including targeted sectors and marketing efforts, and develop 13
recommendations to best support the growth and sustainability of Kentucky's future 14
economy; 15
NOW, THEREFORE, 16
Be it resolved by the House of Representatives of the General Assembly of the 17
Commonwealth of Kentucky, the Senate concurring therein: 18
Section 1. The Legislative Research Commission shall establish the Economic 19
Development Incentive Modernization Task Force, which shall study and make 20
recommendations regarding: 21
(1) Kentucky's current economic development initiatives, incentives, and related 22
polices and their effectiveness in relation to competitor states; 23
(2) Marketing campaigns and targeted sector updates that competitor states have 24
implemented in recent years and their effectiveness; and 25
(3) Actions and policies that the state should consider in order to improve 26
Kentucky's economic development initiatives and incentives. 27
UNOFFICIAL COPY 26 RS BR 1800
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Section 2. The task force shall be composed of the followin g members, with 1
final membership of the task force being subject to the consideration and approval of the 2
Legislative Research Commission: 3
(1) Four members of the House of Representatives, appointed by the Speaker of 4
the House of Representatives, one of wh om shall be designated by the Speaker of the 5
House of Representatives as a co-chair of the task force; 6
(2) Four members of the Senate, appointed by the President of the Senate, one of 7
whom shall be designated by the President of the Senate as a co-chair of the task force; 8
(3) One member of the House of Representatives, appointed by the Minority 9
Floor Leader of the House of Representatives; 10
(4) One member of the Senate, appointed by the Minority Floor Leader of the 11
Senate; 12
(5) The secretary of the Cabinet fo r Economic Development or his or her 13
designee; 14
(6) The secretary of the Education and Labor Cabinet or his or her designee; 15
(7) The president of the Kentucky Association of Manufacturers or his or her 16
designee; 17
(8) The president of the Kentucky Chamber of Commerce or his or her designee; 18
(9) The president of the Kentucky Association for Economic Development or his 19
or her designee; 20
(10) The Kentucky state director of the National Federation of Independent 21
Business or his or her designee; and 22
(11) One member from each of the six congressional districts, who shall represent 23
either a city or county Chamber of Commerce or a local or regional economic 24
development organization, appointed by the Legislative Research Commission. 25
Section 3. The task force shall meet as necessary during the 2026 Interim of the 26
General Assembly. The task force shall submit findings and recommendations to the 27
UNOFFICIAL COPY 26 RS BR 1800
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Legislative Research Commission for referral to the appropriate committee or committees 1
by December 1, 2026. 2
Section 4. Provisions of the Resolution to the contrary notwithstanding, the 3
Legislative Research Commission shall have the authority to alternatively assign the 4
issues identified herein to an interim joint committee or subcommittee thereof, and to 5
designate a study completion date. 6