During his Thursday “Team Kentucky” update, Gov. Andy Beshear announced more than $700,000 in state funding through the Kentucky Product Development Initiative (KPDI) to support site and building projects in four counties, including Todd.
The Todd County Fiscal Court, on behalf of the Todd County Industrial Foundation, will use the funds to conduct due diligence studies on the Robertson Property, which sits adjacent to the John E. Walton Business Park. These studies will determine the site’s potential for future development and investment.
The KPDI program is designed to help communities prepare industrial and business sites with the infrastructure and information needed to attract companies and high-quality jobs. Projects must undergo independent review by site selection consultants, and successful proposals may move forward for final approval by the Kentucky Economic Development Finance Authority.
Currently, $35 million is available for due diligence projects statewide.
Since its launch, the KPDI program has supported dozens of projects across Kentucky, leading to billions in investment and thousands of jobs. Todd County’s project represents a step toward positioning the community for future growth and economic opportunity.
In other Team Kentucky update news:
+ Beshear addressed a projected shortfall in state revenue. Factors include reduced spending caused by federal tariffs and a state income tax rate cut that will lower revenues by $359 million this fiscal year. The Consensus Forecasting Group will meet September 16 to issue revised estimates for the General Fund and Road Fund.
+ Kentucky will receive its full share of AmeriCorps funding after the governor and other leaders successfully challenged federal efforts to halt the program. More than $9 million will be restored to Serve Kentucky to support housing, hunger relief, family services, education and disaster response.
+ And Kentucky was allocated $69 million through the federal NEVI program to expand EV charging, though $32 million is at risk due to a federal funding freeze. Despite this, two new charging stations recently opened in Grayson and Sparta, bringing the statewide total to five. Plans call for 46 stations across the Commonwealth.
