Advertisement

Gov. Beshear announces $16M in additional tornado relief funds; $230K for industrial park upgrades

Beshear announces millions in tornado recovery
Published: May. 10, 2022 at 9:20 AM CDT|Updated: May. 10, 2022 at 3:02 PM CDT
Email This Link
Share on Pinterest
Share on LinkedIn

MAYFIELD, Ky. (KFVS) - Governor Andy Beshear announced $16 million will help provide up to 300 homes for families in 13 western Kentucky counties.

The money comes from the Team Western Kentucky Tornado Relief Fund.

“The exciting new partnerships we are announcing today are really going to help our Western Kentucky families,” he said. “If your home was lost in the devastating tornadoes five months ago, we are creating a real path for replacement through the donations to the Team Western Kentucky Tornado Relief Fund and the efforts of these nonprofit organizations.”

Working with the state’s Public Protection Cabinet, which administers the Team Western Kentucky Tornado Relief Fund, nonprofit groups Habitat for Humanity, Homes and Hope for Kentucky and The Fuller Center for Housing submitted proposals to help build up to 100 homes each.

According to the governor’s office, homes can be built in the counties that were eligible for individual and household assistance through the Federal Emergency Management Agency: Caldwell, Christian, Fulton, Graves, Hart, Hickman, Hopkins, Logan, Marshall, Muhlenberg, Ohio, Taylor and Warren Counties.

The governor said Habitat for Humanity agreed to administer $4 million to help with down payment assistance for the mortgage on a home.

The group hopes to build 10 homes in Bowling Green and 10 in Dawson Springs by the end of 2022 and 30 new homes in Bowling Green and 50 new homes in the Pennyrile area by the end of 2023.

The Fuller Center for Housing agreed to administer $4 million to help with down payment assistance for mortgages on up to 100 homes. It hopes to build 11 homes in Graves County and is willing to expand to other counties.

Homes and Hope for Kentucky agreed to administer $8 million to pay for materials to build homes.

Homes and Hope, partnering with Mennonite Disaster Services and Amish groups in the region to build and repair homes without labor costs, is expected to fund up to 100 homes.

According to the governor’s office, Homes and Hope for Kentucky currently has 15 houses under construction in Graves County.

Governor Beshear recommended the appropriation for the SAFE fund, and the 2022 General Assembly supported the aid by passing Senate Bill 150, which the governor signed into law April 15.

The governor was in Mayfield on Tuesday, May 10 to make the announcement.

He also announced upgrades at an industrial park in Graves County that will attract new businesses and create new jobs.

The $230,000 upgrades are expected to increase the appeal of Graves County’s Hickory Industrial Park.

On Tuesday, May 10, Governor Andy Beshear announced $230,000 in upgrades at a site in Graves...
On Tuesday, May 10, Governor Andy Beshear announced $230,000 in upgrades at a site in Graves County’s Hickory Industrial Park.(Don Frazier/KFVS)

“As Western Kentucky continues to recover from last year’s devastating storms, we are committed to economic development initiatives throughout the region to support those recovery efforts,” Governor Beshear said. “Site development will be front and center as we explore every opportunity to bring new businesses to the commonwealth, in turn creating quality job opportunities for all Kentuckians. This investment is great news for the Mayfield and Graves County community and will help position the region not only to bounce back strong, but to continue to grow well into the future.”

He said the investment will include building a 150,000-square-foot, pre-graded building pad on 16 acres in the industrial park. The site will include truk drive access and support up to 200 parking spaces on 4.7 acres adjacent to the building pad.

The pad will reduce the time to market for prospective companies and expedite the construction process.

According to the governor’s office, the Graves County site was selected for funding through the Product Development Initiative earlier this year.

Mayfield Mayor Kathy O’Nan noted future growth potential following this investment.

“We appreciate the Kentucky Association for Economic Development and the Kentucky Cabinet for Economic Development for their continued support and opportunities for product development in our community,” she said. “This addition to our industrial park will continue to spark new growth in our recovery efforts.”

To encourage future investment and location of an economic development project, the Kentucky Economic Development Finance Authority in March approved a grant agreement with Graves County Economic Development Inc. under the Economic Development Fund program.

The grant agreement may provide up to $115,000 in funding on a reimbursement basis based on the project investment of $230,000.

Copyright 2022 KFVS. All rights reserved.