Paducah to provide matching funds after receiving KPDI grant

The City of Paducah will provide matching funds in association with an economic development grant received from the state.

Commissioners approved the Municipal Order authorizing the City to provide the local match funds and serve as the grantee for the Kentucky Product Development Initiative Grant. In June, Greater Paducah Economic Development President and CEO Bruce Wilcox announced that the community had been successful in receiving a competitive $2 million grant, the maximum eligible award, through KPDI. The money will go toward the construction of a 100,000-square-foot speculative building to be located in Paducah at 5700 Commerce Drive in Industrial Park West.

Earlier this month, the commission authorized providing grant match funding up to $6 million. This investment aims to enhance economic development opportunities in Paducah by attracting new businesses and job growth.