The Chief Financial Officer is responsible for establishing and maintaining financial policies, assisting with the development of the citywide annual operating budget, preparing monthly financial reports, managing the City’s Job Development Incentive Program, overseeing banking and investment of City funds, coordinating project financing, and seeking opportunities for debt service savings through refinancing and early defeasance, and providing financial analysis to the City Manager and Board of Commissioners.
Job Development Incentive Program (JDIP)
Local financial incentives are offered to new or expanding businesses in Bowling Green. This program complements incentives offered by the state.
JDIP is limited to new or existing manufacturing, agribusiness, non-retail service, technology, or regional/national headquarter operations in accordance with Chapter 11-6.01 of Bowling Green Code of Ordinances. To qualify, new jobs must be created that produce a minimum of $10,000 in annual City Withholding tax (1.85%) throughout the incentive period, or qualify for state economic incentives pursuant to programs administered by the Kentucky Cabinet for Economic Development. The qualifying businesses receive a withholding credit (1%) based on employee wages during the incentive period. The funds may be used for land acquisition, building, construction, renovation, machinery, equipment, or working capital expenses.
For more information please visit the South Central Kentucky: Business Incentives page
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