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Green Co. awarded $1M in 2nd round of KPDI funding From Crystal Staley/Brandon Mattingly Frankfort, KY - On February 29, 2024, Gov. Andy Beshear announced more than $15 million in state funding going to support job growth and economic development across 13 counties. The latest round of funding was approved today through the Kentucky Product Development Initiative (KPDI) and including local matching funds more than $35 million is being invested across the commonwealth. The Green County Fiscal Court, on behalf of the Green Economic Team Inc., is seeking to complete site preparation and construct a 20,000-square-foot building at the Greensburg Industrial Park. State support will provide $1 million with the total anticipated investment for the project being $2 million. Site and building development projects in Clark, Clinton, Graves, Green, LaRue, Laurel, Logan, Montgomery, Nelson, Pulaski, Scott, Wayne and Webster counties are the newest approvals for the second round of the program. "This initiative continues to pave the way for future economic success and job opportunities here in the commonwealth," said Gov. Beshear. "Finding ways to make Kentucky stand out to companies looking to relocate here gives us an incredible advantage when it comes to landing new well-paying jobs for our families. Congratulations to these 13 communities across the state as they move another step closer in their site development process." The initiative, overseen by the Cabinet for Economic Development, provides funding for local communities to further invest in site and building upgrades to support future, well-paying jobs and economic growth across Kentucky. Round 1 of the program concluded in December 2023, with 53 projects statewide approved for $31.2 million in funding. Including local contributions, these projects are generating over $123 million in investments in Kentucky's sites and buildings portfolio. In December, Gov. Beshear announced 46 site and building development projects in 45 counties advanced to the due diligence stage of round two for further review, with $68.8 million available to support the projects. Last month, Gov. Beshear announced the first location to receive approval in the second round of the program, with nearly $2 million allocated to support site development in Campbell County. This story was posted on 2024-02-29 11:07:15
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