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Adair GRCP gets to next step for funding
Adair County Economic Development Authority (EDA) has just been notified it is now recommended for $456,441 from KPDI to develop a Certified Build-Ready Pad in the Green River Commerce Park.
The Site Selection Group (SSG), the third-party independent site selection consultant working with the Kentucky Association for Economic Development for the KPDI program, announced Friday that it has recommended Adair County's Green River Commerce Park's project for funding approval to the Kentucky Cabinet for Economic Development. What happens next?
As statutorily required under the KPDI program, the Cabinet will now take the necessary steps to verify grant recipient eligibility and project eligibility and begin the necessary process to approve funding under the Economic Development Fund (EDF) program.
Adair EDA marketing director Heather Spoon will be taking care of all the paperwork required to get through next steps to a final decision. She said she is really excited at this good news for the local industrial park for the jobs it may someday result in.
More and more local Kentucky communities are preparing Build-Ready sites to accomplish the following:
- Drastically reduce the time it takes companies to build new buildings and locate on a site
- Eliminate risk, giving Kentucky a competitive advantage in the site selection process. The risk is greatly reduced by the proactive planning and pad construction required to be a Build-Ready site.
- Qualify for more projects and attract more industry.
Build-Ready sites are a win-win for both businesses and communities because they provide a method to start operations more quickly, which, in turn, creates local jobs faster.
A Build-Ready site allows companies the opportunity to bypass much of the red tape required when establishing a new location by addressing needs and concerns before they arise. This proactive preparation of sites allows for quick decision site selection.
Build-Ready certification is proof to a company that unknown obstacles have been removed, that the site due diligence has been performed and the project implementation timeline has been significantly accelerated.
With a Build-Ready site, much of the work, other than actual construction, has already been completed. That includes control of the land to be developed, archaeological, environmental and geotechnical studies performed, construction of a building pad, preliminary design work (complete with project cost and construction timeframes clearly defined), approved site plan permits and necessary infrastructure in place. On a Build-Ready site, construction can begin immediately.
With a Build-Ready site, the local community has taken the necessary steps to ensure companies can locate and begin operation quickly by acting in advance to:
- Identify a site
- Construct a pad of at least 50,000 square-feet, expandible to 100,000 square-feet or more
- Ensure proper zoning is in place
- Resolve all environmental issues
- Provide an engineer-approved plat of the property and develop site and building plans
- Extend utilities to the site or establish plans to do so
- Plan road access to the site
- Outline project costs and construction timeline
Information on Kentucky's economic development efforts and programs
is available at CED.ky.gov. Fans of the Cabinet for Economic Development can also join the discussion at facebook.com/CEDkygov, on Twitter @CEDkygov, Instagram @CEDkygov and LinkedIn.
Read about other key updates, actions and information from Gov. Beshear and his administration at governor.ky.gov, kycovid19.ky.gov and the Governor's official social media accounts Facebook, Twitter and YouTube.
This story was posted on 2023-02-27 10:26:32
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