“Investing in our local communities and industries is one of the best things we can do to help turn our economy around and create new jobs,” Whitfield said. “I am pleased that the Cadiz-Trigg County Industrial Development Authority has been awarded these funds to revitalize the Trigg County Industrial Park and entice new business to the area.”
The funds will be used for construction of a drainage system and a multi-purpose parking area at the industrial park, allowing a new industry to locate there and benefitting other new occupants of the park. The project is anticipated to create 150 jobs, help retain 60 jobs and leverage $5.5 million in private investment.
The EDA serves as a venture capitalist resource to meet the economic development needs of communities throughout the United States. EDA’s mission is to lead the federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy.
(Information from this report was contributed by Kristin Walker with Whitfield’s office.)