April 6, 2023

Cities Can Apply for KPDI Round 2 Funding

Cities can now apply for Round 2 of the Kentucky Product Development Initiative (KPDI). Funding is available to help upgrade industrial sites and buildings.

KPDI is a collaboration of the Kentucky Cabinet for Economic Development and the Kentucky Association for Economic Development (KAED). In all, $100 million is available through various funding rounds to help transform sites and infrastructure to generate increased economic development opportunities and create jobs.

The state recently notified recipients of Round 1 funding. This all-new round of funding includes all local governments and economic development organizations in all 120 Kentucky counties. A total maximum allowed is calculated based on population, but each project has a $2 million maximum per county. Applicants are encouraged to submit regional projects that include multiple counties and local governments, which would increase the allowable payout.

You can learn more about KPDI here.