KY HB576

Creates the Kentucky Talent Recruitment Grant Program to provide grants to local governments and nonprofits for recruiting out-of-state workers to relocate to Kentucky, targeting households with income of at least $60,000

Appropriates $5 million total from the General Fund ($2.5 million in fiscal year 2026-2027 and $2.5 million in fiscal year 2027-2028) to the Economic Development budget unit

Caps individual grants at $500,000 per eligible applicant, with 50% disbursed upon grant agreement execution and 50% released after meeting half of the household relocation goal

Requires grant applicants to contribute 20% of total program costs through local investments or in-kind donations

Declares an emergency, making the Act effective immediately upon passage and approval by the Governor