FRANKFORT, Ky. (Sept. 26, 2024) – Gov. Andy Beshear announced further investment in Kentucky’s build-ready, job-ready site development efforts as Lyon County was approved for $2 million in state funding to spur future investment and job creation.
The funding is through the Kentucky Product Development Initiative (KPDI), which is overseen by the Cabinet for Economic Development. The initiative provides funding for local communities statewide to increase investment in site and building upgrades to attract future job creation and economic growth.
The city of Eddyville, on behalf of the Eddyville Riverport and Industrial Development Authority, plans to construct a spec building on Site B in the Eddyville Industrial Park. This site was part of a regional project including Caldwell, Crittenden, Livingston, Lyon and Trigg counties that received approval in June 2023 for $34,715 in state funding. In May 2023, the Governor announced the location received Build-Ready certification.
Terri Bradshaw, president/CEO of the Kentucky Association for Economic Development (KAED), mentioned the parties that made the project possible: “KAED remains excited to be a part of this collaboration between the Governor, General Assembly, Kentucky Cabinet for Economic Development, our sponsors and the local communities in driving economic development and creating spaces to generate jobs across Kentucky. We look forward to partnering with Eddyville Industrial Park as they use this project to help bring new businesses, create jobs and boost local tax revenues in their community.”