Richmond Industrial Development Corporation is a non-profit and non-stock corporation formed in 1995 pursuant to the Kentucky Non-profit Corporation Act. The corporation is governed by an eleven-member Board of Directors.
Our Program Emphasis:
- To attract industry by purchasing, developing, and marketing farmland as industrial parks
- To maintain a listing of available industrial sites/buildings and provide community information to organizations considering expansions or relocations
- To promote growth, stability, and well-being for all citizens by enticing commercial and industrial development
- To work closely with existing industries in order to encourage expansion and job retention
The Richmond Industrial Development Corporation (RIDC) is an arm of the city government of the City of Richmond, and we are here to serve and support the industrial and manufacturing concerns in the city. We are pleased to thank all existing businesses and welcome any new businesses that would like to relocate to the City of Richmond.
- Central Location: In the heart of Kentucky and Madison County; within 600 miles of 50% of the U.S. population.
- Educated, Abundant Workforce: Home to Eastern Kentucky University, National College and we are a Kentucky Work Ready Community.
- Incentives: Available for qualified economic developments through the Commonwealth of Kentucky (www.thinkkentucky.com).
- Low Business Costs: Local wage rates are competitive; Kentucky ranks 4th lowest in the U.S. for industrial electricity costs and 13th for lowest overall business costs.
- Market Access: Industrial Park is minutes from I-75, I-64, close to Madison, Lexington, Louisville, and Cincinnati airports; CSX rail.
- Quality of Life: EKU Center of the Arts is a 2,100 seat venue; Richmond Centre has premier shopping, dining, and entertainment; Berea called the "Arts and Crafts Capital of Kentucky" is also located in Madison County and home to Berea College; Madison County School District was selected one of the only 20 districts in the state to receive the "What Parents Want" award, a national award based on parent surveys.
- Work Ready Community: Madison County is the first community in Kentucky to graduate from Kentucky Work Ready Communities in Progress certification to the Kentucky Work Ready Communities level, according to the Kentucky Workforce Investment Board (KWIB).