Richmond eyes grant to improve industrial park site
RICHMOND, Ky. (WTVQ) – Richmond will apply for a $500,000 state grant to improve its attractiveness to potential industries.
If awarded, the Industrial Development Corporation wants to get a 45-acre site in the industrial park ‘shovel ready’ for a potential industry to build.
The site already has utilities and rail access. The grant would be used to level the site and get a concrete pad in place.
The agency already is spending $600,000 from another grant to get a smaller site ready. That 200,000-square-foot pad is expected to be completed by July.
The larger site could be as much as a 250,000-square-foot pad.
The idea sparked an extensive discussion Tuesday about the challenges the city and Madison County face attracting new jobs in a competitive environment.
“Our biggest concern in the Richmond Industrial Park, in my opinion, is the fact nothing is build ready. We’re working on it. We’ll have some opportunity coming up, except for the Sub Zero site. You know a lot of projects, they are looking at parks that are flat and ready to go and they can envision what something will look like. When they look at acreage and it’s going to be multiple millions of dollars to get in build ready and eight to 12 months before we can even start putting our feet in the ground, they are going to move on,” said Brad Sowden, with Kentucky Utilities who sits on the board.
If the board gets the grant, it will have to come up with a 500 hundred thousand dollar match. It’s part of an effort to upgrade the three phases of the industrial parks to make them more marketable.