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Annual Report

Based on a DCI investment of $5,965,186 since inception in FY02, and an Innovation and Commercialization Center Program-enabled tax revenue of $2,869,660 in 2005 alone, the Commonwealth achieves a return on investment for each new job created within 2.08 years.

Return on Taxpayer Investment

Aggregate of all ICC Regions
Since Inception FY2002-2005

KSTC and DCI Managed Funds

A. DCI Investment in ICC Program Since Inception

$5,965,186

B. Jobs Created via KSTC and DCI Managed Funds

842

C. DCI Investment per Job Since Inception (A/B)

$7,085

D. Average Salary per Job since inception

$56,802

E. State Income Tax Revenue per Job 2005 (D * 6%)

$3,408

F. Total Taxes Paid in 2005 (B * E)

$2,869,660

G. Net Short-term investment by DCI ( A - F)

$3,095,526

Months to Payback

24.94

Years to Payback

2.08

 

*Source: KSTC $4,133, 186 + DCI $1,832,020

**Source: KSTC, ICC Directors & ICC Database


Contact Us

Email:
econdev@ky.gov

Address::
Kentucky Cabinet for
Economic Development
Old Capitol Annex
300 West Broadway
Frankfort, KY 40601

Phone:
800-626-2930
502-564-7140