The purpose of this report is to estimate the economic and fiscal impact of the State of Kentucky’s recent Enhanced Historic Tax Credit (EHTC), enabling projects to claim the 20% award. The approach in this report looks at the benefits of the program in terms of overall economic output, jobs created, tax revenue, and includes a cost-benefit analysis and pay-back schedule of the seven commercial, mixed-use projects that were approved and meet the minimum requirements under the EHTC program since July 15, 2014.