In a press release out today from the City of Berea, news that Kentucky Governor Andy Beshear announced the award of a $500,000 state grant to the city of Berea for economic development. Paired with matching funds from the Berea Industrial Development Authority, the grant will provide $1 million in upgrades at the Mayde Road Industrial Park.
“Site and building development are at the center of our efforts statewide to create a foundation for continued economic growth well into the future,” Beshear said in a statement released Wednesday. “This investment in Berea’s Mayde Road Industrial Park is the latest example of the willingness of local and state leaders to work together to move our state forward. These upgrades will provide yet another incredible option for a growing business to locate and create jobs for Kentuckians.”
“The City of Berea and the Berea Industrial Development Authority are very grateful for the funding provided by the Kentucky Economic Development Fund and for all the support from the Kentucky Cabinet for Economic Development as we went through the PDI grant process. This is a great example of the commonwealth partnering with local communities to help bring projects to life which would not have happened otherwise,” Mayor Fraley said. “This joint investment will allow us to begin development of a 35-acre parcel that is well positioned to I-75 and connected to our existing industrial park. With the rapidly increasing cost of construction, this grant will bring an undeveloped site to life, which will ultimately employ citizens of Berea and those in surrounding areas. I am grateful for the opportunity to work in concert with the Cabinet for Economic Development in making Kentucky more attractive to prospective business and industry. This investment should make us all very optimistic for our collective future.”
