Our Market is Perfect:

A professional Market Study was completed in 2003 by Vision Versailles 2000+.  Downtown worked with Scott Sewell of Eclipse Communications on this exciting project.  All indications show it is THE TIME to expand or grow your business in downtown Versailles.

Location, Location, Location:

We are located in the heart of the beautiful Bluegrass region of Kentucky.  As Versailles proclaims, we are the Horse Capital of the World!  Located just 60 miles from Louisville, 10 miles from Frankfort and Lexington, and 80 miles from Cincinnati, we are positioned close to both the I-75 and I-64 Interstates and 3 major airports.  Come experience small town living in a progressive town that still retains that sense of place and has a 1890's Main Street that is still vital today.

Guidelines:

The downtown historic district is monitored by the Design Guidelines and administered by the Board of Architectural Revies, a group of local professionals, who approve building projects and offer advice to preserve historic qualities in the Versailles community. There are also Sign Ordinances for businesses to follow in order to make our community visually appealing. BOAR meetings are held on the first Tuesday of each month at 5:00pm on the second floor of the Courthouse.  In order to be included on the agenda, you must fill out and submit an application prior by the second Wednesday of the proceeding month.  For more information, please contact BOAR coordinator Paul Noel at 859-873-8611.

The Main Street Program Can Help:

We provide answers to the questions you have about starting a business, creating a business plan, finding a bank, finding a realtor, and more!  We canassist you with everything you need to know about business permits, signage, parking, and all issues that pertain to downtown businesses and entrepreneurs.  We can even offer help as it relates to design issues, merchandising, and cooperative advertising.  We work for everyone downtown and follow the National Main Street Center's Four-Point Approach©! 

Incentives:
Preservation Tax Credits
Taxpayers investing in the rehabilitation of eligible buildings may qualify for federal and/or Kentucky tax credits.
Federal
The rehabilitation must be substantial, exceeding either $5,000 or the adjusted basis of the property, whichever is greater. These investment tax credits provide a dollar-for-dollar reduction of federal income taxes owed.

20 Percent Tax Credit

For certified rehabilitation of certified historic buildings (listed in "National Register of Historic Places"). It is available for properties rehabilitated for office commercial, industrial, agricultural, or rental residential purposes (not exclusively owner's private residence).

10 Percent Tax Credit

For the rehabilitation of non-historic, non-residential buildings constructed before 1936, excluding rental housing.
Kentucky Historic Tax Credits

Properties must be in or qualify for the " National Register of Historic Places ." This tax incentive offers 30% of qualified rehabilitation expenses as a state tax credit for owner-occupied residential properties. A minimum investment of $20,000 is required, with the total credit not to exceed $60,000. 20% of qualified rehabilitation expenses is available for all other properties, requiring a minimum investment of $20,000 or the adjusted basis, whichever is greater.

Porter Paints Program
Will a fresh coat of paint help spruce up your building? If your building is located in the Renaissance District you can qualify for discount pricing on exterior paiting.  If you are interested please review the information brochure.