Richmond commits 50% local match for KPDI award to build Industrial Park entrance
January 30, 2026 | Richmond City, Madison County, Kentucky
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Richmond, KY
The Richmond City Board of Commissioners voted to accept participation in a Kentucky Product Development Initiative (KPDI) award for the Richmond Industrial Park South 4 project and to provide the required 50% local match.
Staff reported the KPDI allocation for Richmond is $498,000 and that the program requires a 50% local match. City staff said they will identify roughly $249,000 in available capital-project funds or include the match in a February budget amendment. The project funds would help construct an entrance to Industrial Park South 4 on Duncannon, staff said.
City Manager told the board that recent KPDI rounds did not fund this project initially but that earlier unspent 2022 funds were tapped for the award; he said the city's participation is conditioned on further approvals by the Kentucky Economic Development Finance Authority and other state-level administrative steps.
The board approved Order 26-O16 by roll call; commissioners indicated support for the project's potential to attract jobs and leverage local industry investments.
The Richmond City Board of Commissioners voted to accept participation in a Kentucky Product Development Initiative (KPDI) award for the Richmond Industrial Park South 4 project and to provide the required 50% local match.
Staff reported the KPDI allocation for Richmond is $498,000 and that the program requires a 50% local match. City staff said they will identify roughly $249,000 in available capital-project funds or include the match in a February budget amendment. The project funds would help construct an entrance to Industrial Park South 4 on Duncannon, staff said.
City Manager told the board that recent KPDI rounds did not fund this project initially but that earlier unspent 2022 funds were tapped for the award; he said the city's participation is conditioned on further approvals by the Kentucky Economic Development Finance Authority and other state-level administrative steps.
The board approved Order 26-O16 by roll call; commissioners indicated support for the project's potential to attract jobs and leverage local industry investments.
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