In 2021, Kentucky Utilities (KU) launched a site identification initiative to address inventory shortages and invest in high-potential land for economic growth. The program aimed to strengthen local economies while generating long-term returns for both Kentucky and its communities. One key beneficiary was the Edgewood site in Versailles, Kentucky, which successfully leveraged this process for acquisition and development.

To ensure the investment delivered optimal results, KU engaged Global Location Strategies (GLS) to conduct a rigorous site analysis across Kentucky. GLS evaluated multiple criteria, including transportation access, topography, and workforce trends, to identify the most promising locations. Following this assessment, GLS selected the Edgewood site as a prime candidate for industrial development, having made it through the rigorous process of evaluation that included more than 90 sites as one of the top 5 evaluated.

As a result, the City of Versailles received $250,000 from KU through the Opportunity Kentucky grant program to support the purchase of 118 acres of the 400-acre Edgewood Farm, which was already zoned for industrial use and had access to rail transportation.

Recognizing the importance of infrastructure in maximizing the site's potential, the City of Versailles partnered with MWM Consulting (MWM) to apply for Kentucky Product Development Initiative (KPDI)  funding to extend water and wastewater services to the site. Their successful application secured $650,000, making the property more attractive and “project-ready.”

With affordable land, strong transportation access, and upgraded infrastructure, the Edgewood site quickly drew interest from potential users. It was ultimately acquired by TKC Distilling Company, LLC, which plans to build a state-of-the-art distillery. This investment is expected to generate significant tax revenue and contribute to Versailles’ long-term economic growth.

The transformation of Edgewood—from vacant farmland to a distillery destination—demonstrates the power of strategic investments and public-private collaboration. Programs like Opportunity Kentucky and KPDI help close infrastructure gaps, attract businesses, and drive economic development. The success of the Edgewood site serves as a model for future projects in Kentucky and beyond, showcasing how targeted funding and coordinated efforts can deliver lasting benefits for both businesses and communities.