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GPED wins $2 million state grant for 100,000‑sq‑ft speculative building; city and county debate cost share and payback terms
Summary
Greater Paducah Economic Development told commissioners it secured a $2 million Kentucky product development initiative award for a 100,000‑square‑foot speculative building in Industrial Park West. Commissioners discussed financing, a previously agreed 75/25 city/county split, and a county proposal to be repaid from payroll taxes on its share.
Bruce (Greater Paducah Economic Development) told the Paducah City Board of Commissioners on June 10 that GPED and the Paducah‑McCracken County Industrial Development Authority secured a $2 million award from the Kentucky product development initiative to support construction of a 100,000‑square‑foot speculative building in Industrial Park West.
Bruce said the IDA has accepted the award and that the grant will flow through the city because…
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