Empowering Upward Economic Mobility

Our Growth

To connect Paducah residents with opportunities to make more and spend less.

* What’s Important Now

OBJECTIVES

OBJECTIVE

Encourage and assist local business retention and expansion

DESIRED OUTCOME

5% of existing businesses will expand their operations, facility footprint, and/or increase jobs.

PRIORITY LEVEL
WIN*
ACTION TIMELINE
FY19 - FY23
OBJECTIVE

Implement new zoning regulations

DESIRED OUTCOME

Adopt a new zoning ordinance that responds to business yet creates a desirable place that people want to live, work, and play.

PRIORITY LEVEL
WIN*
ACTION TIMELINE
FY19 - FY20
OBJECTIVE

Promote occupancy in all downtown buildings

DESIRED OUTCOME

At least 90% of the downtown buildings will be occupied. Identify current occupancy in FY19.

PRIORITY LEVEL
WIN*
ACTION TIMELINE
FY19 - FY29

E-4

OBJECTIVE

Continue developing the riverfront from the Carson Center to the Convention Center

DESIRED OUTCOME

Entire stretch of the riverfront will be redeveloped to attract tourists, encourage business investment, and mix use development.

PRIORITY LEVEL
High
ACTION TIMELINE
FY19 - FY29

E-5

OBJECTIVE

Maintain all of our commercial corridors

DESIRED OUTCOME

Each commercial district/corridor will be beautified and branded.

PRIORITY LEVEL
High
ACTION TIMELINE
FY20 - FY25

E-6

OBJECTIVE

Identify population loss trend factors, develop and distribute a policy brief on population loss factors, and implement mitigation strategies

DESIRED OUTCOME

To reverse the population loss trend. Gather baseline Census data in 2020.

PRIORITY LEVEL
High
ACTION TIMELINE
FY20 - FY23

E-7

OBJECTIVE

Recruit and incentivize the creation of new targeted industries (Advanced Manufacturing, Creative Industries, Health/Healthcare, High-Tech, Construction Trades, River Industry)

DESIRED OUTCOME

We will see a 25% increase in these targeted business industries. Baseline will be established in FY19.

PRIORITY LEVEL
High
ACTION TIMELINE
FY19 - FY29

E-8

OBJECTIVE

Cultivate local entrepreneurship and innovation

DESIRED OUTCOME

We will be known throughout the region as the leader of business innovation and entrepreneurship.

PRIORITY LEVEL
Medium
ACTION TIMELINE
FY20 - FY23

E-9

OBJECTIVE

Continually add all available sites and buildings to the Select Kentucky Database

DESIRED OUTCOME

All available sites will be added to the Select Kentucky Site.

PRIORITY LEVEL
Medium
ACTION TIMELINE
FY20 - Ongoing

E-10

OBJECTIVE

Partner with local nonprofit agencies to create a local program that helps individuals living in poverty obtain and keep employment

DESIRED OUTCOME

100 participants in a bonafide work program.

PRIORITY LEVEL
Low
ACTION TIMELINE
FY22 - FY26