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Breckinridge County receives state project development funding
Breckinridge County was included in the latest round of funding from the Kentucky Product Development Initiative.
According to a release from the governor’s office, the 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.” More than $700,000 in state funding was approved for the latest approved projects.
“This is how we improve in the next site for the next major business,” said Governor Andy Beshear during Thursday’s Team Kentucky Update. “It’s that idea that every time we announce a business, yeah, we’ve got those jobs coming, but that we’ve got to do extra work so we can get the next one and the next one and the one after that.”
The governor’s office says funding was approved for the Breckinridge County Fiscal Court, on behalf of Breckinridge County United Inc., “to extend a waterline 1,150 feet to the Irvington Industrial Park.”
“Our site development and speed to market initiatives are crucial to our long-term success,” Beshear said. “They are how we’re able to tell people that we will get them up and running months before any other state.”
KPDI project proposals are reviewed by a third party, independent site selection consultant, who provides recommendations to the Cabinet for Economic Development, with final recommendations for approval coming from the Kentucky Economic Development Finance Authority. Learn more about the program at kpdI.ky.gov.
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