Proposed upgrades to the Eddyville Industrial Park in Lyon County will make it a rail-served industrial park.
The announcement that improvements were moving forward came from Gov. Andy Beshear Tuesday.
The $225,000 investment includes the construction of new building pads and utility expansion in the hopes of bringing new, large scale companies to the area. Kentucky’s Product Development Initiative (PDI) is providing $150,000 of those needed funds with the remaining $75,000 coming from Eddyville Riverport and Industrial Development Authority (ERIDA).
Eddyville Mayor John Choate is excited about the growth these improvements could trigger in his city and in the region.
“Governor Beshear is excited about the economic development going on in the state and there has been quite a bit of that," the mayor told WKMS. "I mean, further up east. We’d sure like to see some of that economic development come on down here to western Kentucky.”
The site was selected for funding by the PDI in summer 2020. The initiative was created via a partnership between the Kentucky Cabinet for Economic Development and the Kentucky Association for Economic Development (KAED) to give competitive grants to state economic development organizations and local governments in order to supplement site and building improvement projects. Its mission is to create jobs and corporate investment through enhancing the quality and quantity of Kentucky's available business sites and buildings.
Eddyville Riverport Authority and Industrial Development Authority, which manages the park, hopes to have the upgrades in place by June 30, 2022, according to ERIDA treasurer Glen Kinder.
