Four West KY Industrial Projects Get Loans
MAYFIELD, KY - A regional agency set up to mitigate a large economic loss in western Kentucky has approved four entrepreneurial loans.
The Purchase Area Development District has the mission of replacing jobs lost with the closure of the government's Paducah Gaseous Diffusion Plant.
The Paducah Sun reported the agency approved loans on Wednesday for projects in Calloway, Graves, Hickman and Ballard counties.
The Murray-Calloway County Industrial Development Authority will get $500,000 to aid expansion of Kemerich Metal Engineering in Murray. The Fulton County-Hickman County Industrial Development Authority is receiving a $350,000 loan. A $250,000 loan will go to the Industrial Authority of Mayfield-Graves County for Ace Compressor in Mayfield. A loan of $253,000 was approved for Two Rivers Fisheries for an Asian carp processing plant in Ballard County.