Beshear: Investment of $1M to fund Transpark in Bowling Green
FRANKFORT, Ky. – Gov. Andy Beshear announced Wednesday the City of Bowling Green and its officials will begin upgrades at the Kentucky Transpark behind a $1 million investment, building on one of the fastest-growing industrial parks in Kentucky.
“The economic momentum we are seeing in Kentucky does not happen without the resources, sites and buildings to support companies looking to grow and expand in the commonwealth,” said Beshear. “With each investment and upgrade in our industrial sites across the state, we are ensuring future economic growth and sustainability. I congratulate the local leadership in Bowling Green and Warren County for their efforts to keep Kentucky moving forward.”
On behalf of the City of Bowling Green, the Inter-Modal Transportation Authority applied for $500,000 in funding to extend utility service in the Kentucky Transpark to support its continued growth. A release by Beshear’s office said these funds will help bring over 600 acres of property to market, including the future homes of both Tyson Foods and Envision AESC, the 3 million-square-foot electric vehicle battery gigafactory that will create 2,000 local jobs.
Warren County Judge/Executive Mike Buchanon is excited about the direction of the community and continuing to invest in the future, according to the release.
“Over the last several years, the county and city have made investments in the Transpark at a time when many communities were retreating due to the pandemic, but the fortitude of our community leaders to continue to invest in these future parcels enabled us to land these award-winning projects,” said Buchanon.
The release further stated that Todd Alcott, mayor of the City of Bowling Green, stated he is grateful for the opportunity to continue building and growing the community since it will “improve the condition of the community as a whole.” Alcott also stated it could mean more jobs for residents and a better economy.
Ron Bunch, president and CEO of the Bowling Green Area Chamber of Commerce, said he understands the importance of developing properties in the region for future economic growth.
“We have been blessed to welcome many world-renown companies to South-Central Kentucky in recent months,” said Bunch. “It is through investing in the development of these properties that we are able to create prime locations that enable us to compete and win these large-scale projects that bring thousands of jobs and billions of dollars to the region.”
Last month, the Governor was joined by leadership at Envision AESC to announce a $2 billion investment that will create 2,000 jobs in Warren County. The announcement helps ensure Kentucky’s spot as the national leader in EV battery production.
