A few area projects have received state funding through the Kentucky Product Development Initiative.
The Adair County Fiscal Court and Columbia-Adair County Economic Development Authority are seeking to construct a 40,000-square-foot spec building within the Green River Commerce Park. The nearly $2 million project was approved for just under $1 million in state funding.
Clinton County Industrial Development Authority’s due diligence funds will be used to conduct an environmental site assessment and geotechnical study of land being considered for purchase. The study was approved for over $14,000 in state support.
The Monroe County Industrial Development Authority is seeking to transition recently purchased property that has long been used for agriculture use to industrial readiness in order to attract future private-sector investment. The project was approved for $150,000 in state funding.
The Kentucky Product Development Initiative, or KPDI, provides funding for local communities to boost investment in site and building upgrades to support future, well-paying jobs and economic growth across the commonwealth.
