Kentucky Revised Statutes Title XII. Conservation and State Development § 154.20-160.Development of criteria for productivity gains to be used in considering requests for financial assistance

(1) The Kentucky Economic Development Finance Authority, or its successor, shall develop, pursuant to KRS 154.20-030 to 154.20-150, criteria which may be used by the authority in considering the requests by industrial entities for financial assistance for proposed industrial development projects. The authority, or its successor, may develop criteria which shall include, but not be limited to, potential productivity gains due to the funding of the proposed technological investment.

(2) In developing criteria as prescribed in subsection (1) of this section, the authority shall consider the following:

(3) When considering productivity gains, the authority shall consider the following:

2. Potential total real value of output defined as the forecasted total sales in real dollars as measured in the current period; and

2. Potential productivity measure defined as the potential total real value of output divided by the total forecasted employment.

(4) Productivity trends of a business shall be evaluated by comparing the annual rate of change in the productivity measure for an individual business to the annual rate of change in productivity measure for businesses engaged in a similar economic activity. The recommended source for industry productivity measures is the rate of change in industry labor productivity indexes published by the United States Bureau of Labor Statistics.