(WCLU FILE PHOTO)
FRANKFORT – Governor Andy Beshear has announced more than $2.5 million in state funding to develop land and buildings to support economic growth and good-paying jobs across eight sites in 11 counties.
Projects in Logan, Washington, Henderson, Caldwell, Trigg and Nicholas counties, as well as a regional project including Caldwell, Crittenden, Livingston, Lyon and Trigg counties, were approved by the Kentucky Economic Development Finance Authority (KEDFA).
Beshear says site and building development are crucial parts of positioning Kentucky for economic success and capitalizing on the momentum seen over the past two-and-a-half years. With these funds, communities can have quality sites ready for companies to move to and plant their roots.
The state funding comes from the Kentucky Product Development Initiative program which was established in 2022. To date, 30 site and building development projects statewide have been approved for approximately $17 million in state funding.
The funding will go to various projects supporting economic growth, including upgrades to lift stations, site-grading plans, building pads, flood plain analysis, property acquisition, wastewater pump station construction, site improvement and preparation, and karst topography analysis.
