By Blake Jackson
Lexington, Kentucky is making strides to become a hub for agricultural technology. The city has announced the first recipients of the Bluegrass AgTech Development Corp incentive grants. This initiative aims to attract and support innovative businesses in the agriculture and food sectors.
Seven companies have been awarded $625,000 in grants to help them establish or expand their operations in Kentucky. The program is a collaborative effort between the city of Lexington, the Kentucky Department of Agriculture, the University of Kentucky, and Alltech.
“We want to become the international address of agtech businesses, and this is an exciting step forward,” said Lexington Mayor Linda Gorton.
The grant recipients will receive financial support, mentorship, and access to resources to help them grow and succeed. The program is designed to stimulate economic growth, create jobs, and foster a sustainable food system.
“The vision for Bluegrass AgTech was developed over four years ago, and the announcement of these awards is a major milestone,” said Nancy Cox, vice president of land-grant engagement and dean of the Martin-Gatton College of Agriculture, Food and Environment.
“The Bluegrass AgTech grants empower innovators and entrepreneurs, cementing Kentucky's leadership in agricultural innovation," said Jonathan Shell, R-Ky., commissioner of agriculture.
By investing in these startups, Kentucky is positioning itself as a leader in agricultural innovation and technology.
Photo Credit: gettyimages-shotbydave
Categories: Kentucky, Business, General