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Start a Business

Frankfort has a long and rich history in economic development, going back to 1792, when successful negotiations and an incentives deal secured the location of the state Capitol in the city. Nestled in the scenic Kentucky River valley, historic Frankfort is located in the legendary Bluegrass Region in Central Kentucky and enjoys a broad diversity of resources supporting successful economic development efforts, which include sustainable existing business growth and expansion, new business attraction, creation of new businesses, and tourism.

Blessed with natural beauty, beautiful historic and modern architecture, Frankfort is considered one of the most picturesque Capitols in the United States. Frankfort has also been named as one of the most livable small cities with attributes including generous hospitality, rich cultural and architectural history, affordable housing and low cost of living. Frankfort is considered in the top 8% for affordability of property taxes, top 10% for short commute times, and top 14% in affordability of rents by its peers (communities across the United States of similar size). Within the State of Kentucky, Frankfort is also in the top 11% for racial diversity, the top 16% for walking and biking to work and the top 19% for well-paid single women.

Frankfort is a great place to enjoy life, raise a family, and work. Come and visit, to see first-hand why Frankfort is the low-risk location for your business.

Business Start-Up Checklist

The Business Start-Up Checklist is a general guide listing some of the chores you will find yourself performing before that happy Grand Opening Day. Obviously, the type of business you are opening will have an effect on when and if you perform some to the items on the list. Also, the order may vary as well. However, the list is a good tool for acquainting the potential new businessperson with the basic steps in opening the doors for a new business.

  1. Choose the product or Service
  2. Present Business Plan to Finance Source (Financial Institution or Investors)
  3. Obtain Adequate Finance Commitments
  4. Choose Business Name
  5. Open a Business Checking Account
  6. Obtain Necessary Licenses/Permits-Including Tax Accounts, Sales Tax, State and Federal Withholding, etc.
  7. Secure Lease for Place of Business
  8. Contract for Renovations
  9. Obtain Adequate Insurance-Fire and Theft, Liability, Workers Compensations, etc.
  10. Order Inventory
  11. Hire Appropriate Employees
  12. Plan and Schedule Grand Opening
  13.  Grand Opening

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