City of Newport Board of Commissioners Agenda Packet 2026-05-11
Tax Credit Proposed for P.L. Marketing Expansion
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Description
Newport introduced an ordinance to grant P.L. Marketing, Inc. a 1.0% occupational license fee credit on new employees for ten years under the Kentucky Business Investment Program. The incentive supports an estimated $1,040,000 investment and 180 new full-time jobs in the city.
Contract Details
Contract Amount
1.0% occupational license fee credit tied to new employees for ten years
Vendor
P.L. MARKETING INC
Agency
City of Newport, KY
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Contract Term
Ten-year period under the Kentucky Business Investment Program
Renewal Date
2036-06-30
Renewal Info
Economic development incentive structured as a ten-year occupational license fee credit; renewal beyond the initial term is not described.
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