The South Western Kentucky Economic Development Council announced on Monday it is awaiting word from the Tennessee Valley Authority in regards to a pair of applications for InvestPrep grants — which, if awarded, would help with the construction of a 100,000 square-foot spec building for the I-24 Business Park in Cadiz, and with planned improvements to the entry way of Commerce Park I in Hopkinsville.
Carter Hendricks, SWK EDC executive director, said he expects news on the grants later this week — in what is a continued push for “22nd Century Industrial Parks” near the Highway 68/80 four-lane and I-24 corridor.
Pad-ready and prepped for construction since a grant award in 2016, the proposed spec building in Cadiz would be located across from Transcraft and quite similar to the up-and-coming 100,000 square-foot property along Frank Yost Lane at Commerce Park I in Hopkinsville — with hopes of alluring a distributor, manufacturer, aerospace & defense contractor, agricultural or automotive outfitter to the location.