Kentucky Cabinet for Economic Development

Kentucky Cabinet for Economic Development

Frankfort, Kentuckyced.ky.gov

Overview

The Kentucky Cabinet for Economic Development (CED) is the primary state agency in Kentucky responsible for encouraging job creation, retention, and new business investment. It provides support and resources for entrepreneurs and existing companies, and administers financial incentive programs through the Kentucky Economic Development Finance Authority (KEDFA). These programs include loans, tax credits, and grants to attract new industries and help existing ones expand. A key division, KY Innovation, oversees programs like the SBIR/STTR Matching Funds Program to support early-stage technology companies.

Portfolio Companies

6

Website

ced.ky.gov

Investments

CompanyDateStageLead
HeXalayerJul 2025GrantCo-investor
HeXalayerJul 2023GrantCo-investor
TruDiagnosticMar 2022GrantCo-investor
HeXalayerFeb 2022GrantCo-investor
ElectraMetJun 2021Series BCo-investor

Sector & Stage Mix

Industry, funding stage, and valuation band breakdowns.

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SeedSeries ASeries BGrowth

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Investment Activity

Yearly cadence, pace, and funding raised over time.

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2021
2022
2023
2024
2025
2026

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FAQ

Firmographic Details

HeadquartersFrankfort, Kentucky
Year FoundedN/A

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