The Lake Cumberland Regional Industrial Park was one of eight sites selected to receive state funds through the Kentucky Product Development Initiative.
The Kentucky Economic Development Finance Authority approved eight projects yesterday totaling more than $4.6 million in state funding, which includes $440,000 in state funds to the Russell County Industrial Development Authority and fiscal court to extend a road through the Lake Cumberland Regional Industrial Park off French Valley Road.
A project in neighboring Adair County also received funding for a 150,000-square-foot Build-Ready-certified pad that will further the potential for economic development. The project was identified by an independent site selection consultant and was approved for nearly $460,000 in state support.
