Update from EDA Consultant Heather Spoon
It is always a privilege to travel to Frankfort on the last Thursday of the month when the Kentucky Economic Development Finance Authority (KEDFA) meets. The Columbia-Adair County Economic Development Authority’s presence there means something good is about to happen in Adair County! Today, Larry Walker – chairman of the EDA board, Richard Phelps – board member, and I attended the June KEDFA meeting where the EDA was approved for Kentucky Product Development Initiative (KPDI) Round 2 funding in the amount of $397,750. While the EDA doesn’t have to be present to receive the approval or speak about the scope of the project, we believe it is important for Adair County to be present in Frankfort as much as possible, building relationships and reminding the Cabinet that we are still working hard to attract good-paying jobs. This trip also gave us a chance to personally thank the KEDFA Board, Cabinet for Economic Development staff, and our project managers for their support and encouragement throughout the grant process.
The EDA will provide the matching $397,750 for Round 2, stemming primarily from TVA Grant money which can be used to match other grants. The Round 2 project will help the EDA build a second entrance to Green River Commerce Park near Todd Metals, extend water lines from HWY 55N to the south side of the Park, and pave the new road on the north side of the Park.
Today’s award is the second grant the EDA has received in 14 months, totaling over $857,000 that will help prepare Adair County for further economic development. The EDA Board understands the need to have infrastructure in place before industry will locate here. It’s an honor to serve this Board and be a part of an entity that has true vision for the future of Adair County.
Photo 1: The KEDFA meeting was held on the 5th floor of the new Mayo Underwood building located on Mero Street in Frankfort. The Cabinet for Economic Development will be located here temporarily while the historic State Capitol Annex building undergoes repair.
Photo 2: Heather Spoon, Richard Phelps, Secretary Jeff Noel (KYCED), Larry Walker
Photos by Columbia-Adair County Economic Development Authority
(Heather Spoon- Consultant for EDA)