Glasgow industrial park receives half a million dollar grant
GLASGOW, Ky.- A new industrial park property in Glasgow is receiving a road access grant of $500,000 to help spur the movement. The grant comes just one week after officially closing on the property.
The Barren County Economic Authority announced that the grant will be used to create easy and safe access off of 68/80 into the South Cooper Industrial Park.
“It’s just so important for the development of the park. Putting together that financing to develop that is always a challenge and so having this money to come in to build the road that will be safe to access and then that entrance into the park is huge for spurring that development and getting it started,” said Maureen Carpenter, executive director of the economic authority.
Carpenter said the money will go towards widening the roads, building turning lanes and a park entrance. Carpenter said they don’t have a specific construction date yet, but the best estimate is to begin in early 2021.
The funding will support efforts for up to five new industrial sites for business and expansion projects. It is estimated to create up to 500 new jobs when fully developed.
“So we have specific targets that we’re looking at, different types of industry sectors that we want to bring to the community that we think are a good fit. Obviously they’ll invest in the community, they’ll create jobs,” said Carpenter.
Barren County Judge-Executive Michael Hale this helps Glasgow as a city.
“Everyone wants to be number one. And I definitely want to be at the top of people’s list when they’re looking to settle in Kentucky,” said Hale.
The park is near Cumberland Parkway and is 10 minutes from Interstate-65, making it within a day’s drive to 60% of the U.S. population and manufacturing facilities.