# State approves $6.1M in economic development funding for 5 Kentucky counties **Published:** 2026-06-30T15:17:35.000Z **Source:** [Lane Report (KY Business)](https://www.lanereport.com/188269/2026/06/6-1m-in-funding-okd-for-site-building-development-in-5-ky-counties/) **AI-generated:** yes (claude-haiku-4-5-20251001) **Canonical:** https://feeds.lexingtonky.news/article/state-approves-6-1m-in-economic-development-funding-for-5-kentucky-counties FRANKFORT, Ky. — [More than $6.1 million was approved](https://www.lanereport.com/188269/2026/06/6-1m-in-funding-okd-for-site-building-development-in-5-ky-counties/) to support future investment and job creation in Cumberland, Fayette, Madison, Russell and Scott counties through the [Kentucky Product Development Initiative](https://ced.ky.gov/kpdi), Gov. Andy Beshear announced. The funding represents the latest wave of approvals through KPDI, a [statewide effort to support upgrades at industrial sites throughout the commonwealth](https://ced.ky.gov/kpdi) designed to attract new companies and create jobs. The initiative is a collaboration between the Cabinet for Economic Development and the Kentucky Association for Economic Development. Three projects received approvals across the five counties. The [Burkesville-Cumberland County Industrial Development Authority received nearly $1.3 million in state support](https://www.explorecumberlandcounty.com/industrial-authority/cumberland-river-industrial-park) for a $1.4 million multiphase development at the Cumberland River Industrial Park. Phase 1 includes waterline installation, sanitary sewer systems, gas infrastructure, roadway construction and stormwater systems. The [Central Kentucky Business Park Authority received over $4 million](https://lexingtonky.news/2026/05/07/central-kentucky-breaks-ground-on-first-regional-business-park/) for a $5 million project at the [Triple Crown Business Park in Berea](https://madisoncountyky.gov/groundbreaking-of-triple-crown-business-park/). [The 300-acre park is supported by the city of Berea, Lexington-Fayette Urban County Government, Madison County Fiscal Court and Scott County Fiscal Court](https://lexingtonky.news/2026/05/07/central-Kentucky-breaks-ground-on-first-regional-business-park/) and represents the first public, multi-county economic development project in Central Kentucky. Russell County received nearly $789,000 in state support for a $1.4 million Phase 2 project involving an access road to [the Lake Cumberland Regional Industrial Complex](https://www.rcidaky.com/lake-cumberland-regional-industrial-complex). The access road will provide connectivity to U.S. Highway 127 and connect to the existing industrial park. According to the state, [$35 million is available for projects in the latest round of KPDI](https://ced.ky.gov/kpdi). To date, [152 approved projects statewide have received over $147 million in state funding, generating nearly $638 million in total investments when combined with local contributions](https://newkentuckyhome.ky.gov/Newsroom/NewsPage/20230525_KPDIMay). "Our continued investment in site and building development initiatives is helping continue the economic momentum we are seeing across our commonwealth," Beshear said in a statement. ## Sources - [Lane Report (KY Business)](https://www.lanereport.com/188269/2026/06/6-1m-in-funding-okd-for-site-building-development-in-5-ky-counties/) - [Kentucky Product Development Initiative official program page](https://ced.ky.gov/kpdi) - [Cumberland River Industrial Park information](https://www.explorecumberlandcounty.com/industrial-authority/cumberland-river-industrial-park) - [Madison County groundbreaking coverage](https://madisoncountyky.gov/groundbreaking-of-triple-crown-business-park/) - [Lake Cumberland Regional Industrial Complex overview](https://www.rcidaky.com/lake-cumberland-regional-industrial-complex) --- This article was generated by AI (claude-haiku-4-5-20251001) based on source material from Lane Report (KY Business), enriched with 3 web searches. The original source is available at https://www.lanereport.com/188269/2026/06/6-1m-in-funding-okd-for-site-building-development-in-5-ky-counties/.