In a remarkable move to revitalize the economy of Eastern Kentucky, the state government has allocated $2 million to transform a former horse racing track into an industrial hub. The Thunder Ridge Industrial Business Park, spanning 50 acres, is poised to become a game-changer for the region, offering a promising future for skilled workers and attracting new businesses to the area.

Unlocking the Potential of Kentucky's Heartland

Breathing New Life into a Forgotten Racetrack

The Thunder Ridge Racetrack, once a bustling hub of activity, has fallen into disrepair over the years. However, the Floyd County government has recognized the immense potential of this site and is now taking decisive action to transform it into an industrial powerhouse. With the $2 million in state funding, the county plans to renovate and prepare the property for its next chapter, paving the way for a new era of economic growth.The strategic location of the Thunder Ridge Industrial Business Park, situated along Route 3 in the northern part of the county and just a mile from U.S. 23, makes it an attractive destination for businesses seeking easy access to transportation and infrastructure. The site boasts all the necessary utilities, and with the completion of the Mountain Parkway, it will be centrally located to serve the entire region.

Tapping into the Skilled Workforce of the Coal Fields

Floyd County Judge-Executive Robbie Williams envisions the Thunder Ridge Industrial Business Park as a hub for light manufacturing, a sector that requires skilled labor. The region's rich history in the coal industry has produced a workforce with a solid background in hydraulics, pneumatics, and electrical work – skills that are highly sought after in the manufacturing sector."My long-term vision is to locate a light manufacturing company there, something that requires skilled labor that we can utilize these guys that have come out of the coal fields that have a solid background in hydraulics, pneumatics, electricians. There is nothing those coal miners can't do," said Williams.By repurposing the former racetrack into an industrial park, the county aims to provide these skilled workers with new opportunities, allowing them to apply their expertise in a thriving industry and contribute to the region's economic revitalization.

Securing Funding and Partnerships for Success

The transformation of the Thunder Ridge Racetrack into the Thunder Ridge Industrial Business Park is not a solo endeavor. The county is actively seeking additional funding and partnerships to ensure the project's success.The $2 million in state funds is a significant step, but the county is also waiting on a federal grant to complete the purchase of the property. This additional funding will allow the county to move forward with the necessary site preparation and infrastructure development.Furthermore, the project is part of the Kentucky Product Development Initiative, which is investing more than $10 million in three projects across the state. This collaborative effort between the state and local governments demonstrates a shared commitment to fostering economic growth and creating new job opportunities.

Positioning the Region for a Brighter Future

The transformation of the Thunder Ridge Racetrack into the Thunder Ridge Industrial Business Park represents a pivotal moment for Eastern Kentucky. This project not only revitalizes a forgotten site but also serves as a catalyst for the region's economic resurgence.By attracting light manufacturing companies and tapping into the skilled workforce of the coal fields, the Thunder Ridge Industrial Business Park has the potential to become a hub of activity, generating new jobs and attracting businesses that can thrive in the region. The strategic location and the availability of necessary infrastructure further enhance the site's appeal, making it an attractive destination for investors and entrepreneurs.As the county waits for the final pieces of the puzzle to fall into place, the anticipation is palpable. The successful development of the Thunder Ridge Industrial Business Park could pave the way for a brighter future, not just for Floyd County, but for the entire Eastern Kentucky region, unlocking new opportunities and ushering in a new era of economic prosperity.