Economic Impact

GCED marked its Skybox Partners Luncheon with a $2 million KPDI grant announcement, a review of the year's project highlights, and plans for new spec buildings, housing, and infrastructure across Graves County.

On National Ag Day 2026, Graves County Economic Development celebrates the outsized role of agriculture in the local economy, noting that the county's farms cover more than a quarter-million acres and generate approximately half a billion dollars in annual revenue.

The Hickory Industrial Park expansion is making significant progress, with a 500,000-square-foot pre-graded pad, a new connector road, and a sewer lift station completed, as the next phase prepares to extend water, gas, electric, and fiber services along Hickory Road.

At its annual Targeted Business & Industry Awards dinner, Graves County Economic Development recognized 15 companies for investments totaling more than $26 million and the addition of 132 new jobs and 70 contract positions in Mayfield and Graves County.

Graves County Economic Development, with support from the Tennessee Valley Authority, released a new video promoting the Hickory Industrial Park's latest $3.5 million expansion — a pre-graded, build-ready site with direct highway access just four miles from I-69.

At the 2025 Skybox Partners Luncheon, Graves County Economic Development reported a strong fiscal year highlighted by 50 new acres added to the Hickory Industrial Park, a new spec building, a completed makerspace, and 77 new jobs added to existing businesses.

The Tennessee Valley Authority awarded Graves County Economic Development with Round 11 of its TVA InvestPrep grant to support the Hickory Industrial Park expansion project, continuing TVA's history of investment in the economic development of Mayfield and Graves County.

Graves County Economic Development has been awarded a Round 2 Kentucky Product Development Initiative grant to expand the Hickory Industrial Park westward and develop a new 500,000-square-foot pre-graded, build-ready pad on 50 acres along Hickory Road.

Graves County Economic Development has been awarded a Round 1 Kentucky Product Development Initiative grant of $890,670 to fund construction of a new 120,000-square-foot spec building in the Hickory Industrial Park, with Governor Beshear presenting the award in Mayfield.

Graves County Economic Development, the City of Mayfield, and Graves County Fiscal Court celebrated the launch of the Exit 25 Interchange Enhancement project, a collaborative infrastructure investment supported by more than a dozen local businesses and community partners.

The Kentucky Cabinet for Economic Development provided $230,000 in Product Development Initiative funding for site improvements at the Hickory Industrial Park in Graves County, supporting the community's post-tornado recovery and long-term economic development readiness.