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Industrial Park site visit is step two toward grant
By Heather Bryant Spoon
Members of the Columbia Adair Economic Development Authority (EDA) welcomed guests to Green River Commerce Park on Hwy 55 North for a site visit before grant applications receive final selection in January.
This brief visit was the final evaluation portion of the recent grant application process. Site Selection Group (SSG) will submit their recommendations for awarding to the Cabinet by late December.
Beth Land and Elijah Moore with SSG and Cate Prather with Kentucky Cabinet for Economic Development (KCED) made the short visit last week to "lay eyes on" the Park and the project that was submitted for the Kentucky Product Development Initiative (KPDI).
Glen Ross, President of MSE of Kentucky from Lexington also joined the visit to address any site and utility concerns.
Mark Dykes, EDA Vice Chairman, and EDA Board Member Chester Taylor attended. Heather Spoon hosted the group and presented the requested materials during the visit.
According to MSE's Ross, who has been a key player in several counties' projects, "SSG is evaluating 72 applications from 65 counties with a total grant request of $58 million. I believe the chances of receiving a grant are very favorable assuming SSG is assured of the local matching funds commitment. The legislators who sponsored the $100 million PDI bill made it very clear at KAED that the legislature intends for the grant funds to be distributed around the state in rural areas."
Adair County has applied for $456,441 from KPDI for a Certified Build-Ready Pad in the Green River Commerce Park. The State requires dollar-for-dollar matching funds to be eligible. Both the Fiscal Court and City Council voted unanimously to each supply 1/3 of the award amount as matching funds so that the total project investment will be a little over $912,000.
We are so thankful for the leadership of Bobby Morrison, EDA Chairman, and the entire EDA Board as we progress through this grant application. Had it not been for the foresight of this Board to construct new roads and upgrade utilities, we would not be poised to take this next big step toward getting industry to look at our Park. Having this build-ready pad will expedite the construction of a building and ultimately the location of a business in the Green River Commerce Park. This grant came along at just the right time!
We aren't counting our chickens just yet; but we feel very good about the visit, and we are hopeful that the combination of our presentation and site visit will secure the maximum grant award.
This story was posted on 2022-11-24 06:01:40
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