Princeton Economic Development Opportunities Report September 2022
Princeton is situated in west Kentucky, along US 62 at the intersection of KY 91 and I-69. It is the county seat of Caldwell County, and offers a great place to work, live, and play. We are centrally located within a 300-mile radius of several metropolitan areas including Nashville, TN; Louisville, KY; Lexington, KY; Memphis, TN; St. Louis, MO; Indianapolis, IN; Cincinnati, OH; and Birmingham, AL. We offer local air transportation at The Princeton-Caldwell County Airport which is large enough to handle private jets. Barkley Regional Airport in Paducah is less than an hour away with direct flights to Chicago.
The Princeton Electric Plant Board, is a community-owned electric enterprise, providing reliable, economical power services to the area. Through innovation, efficiency, and professional operations, PEPB works with customers to improve the economic and environmental quality of the community. PEPB is an active member of American Municipal Power (AMP), a nine-state consortium of fellow public power communities, offering a diverse mix of power supply. This consortium also provides aid to one another in times of need, so that prolonged power outages can be kept to a minimum. Princeton Electric Plant Board received the Reliable Public Power Provider (RP3) Platinum Award in 2009 and is also an Energy Star partner.
When choosing a location, education is always a top consideration. Caldwell County School System has been recognized for both student and teacher achievements. Princeton also offers the Caldwell Regional Career Center providing skilled training to high school students in five surrounding districts. Students graduating from the CRCC are offered 11 different certified tracts. Outside the local school system, Princeton is home to the University of Kentucky College of Agriculture Research and Education Center. The Research Farm, as it’s known locally, developed the concept of “no till” farming in the 1960s and continues their study of agriculture innovation today.
In addition to being home to agriculture innovation, Princeton is also home to a large industrial base including TreeHouse Foods, with 600 employees and a 1,000,000 square foot facility. TreeHouse produces cookies, crackers, and snack foods while making the town smell like fresh baked cookies on a daily basis. Hydro-Gear, also with 600 employees, has had a home in Princeton for nearly 20 years, producing hydrostatic transmissions for nearly all lawn and garden equipment with zero turn capabilities. Porter Road is a custom butcher with over 100 employees selling online and out of their Nashville shop. Porter Road ensures the quality of their meat by hiring farmers to produce only for them and providing grain ensuring hay quality for their animals.
Princeton would be remiss not to mention Newsom’s Ham produced by Nancy Newsom, carrying on the legacy of her grandfather’s store. Newsom’s is world renowned for both their country ham and prosciutto with accolades including displaying a ham in the Jamon Museum in Spain, regular features in Southern Living, Garden and Gun, Food and Wine, and a plethora of cookbooks.
Princeton is a shining example of a thriving and successful rural community. We have a diverse business mix, a quaint downtown, and a robust manufacturing base. Our strong labor force, reliable infrastructure, premium industrial sites, and natural attractions makes Princeton an ideal location for development.
We are confident you would find success here, too. We would be glad to give you a tour of our community and make sure you don’t leave hungry. Plan you next visit with Amanda Davenport, economic development director, at [email protected].
Site opportunities include:
- 50 acres of Vacant Land available for Industrial Use
- 75,000 sqft of Vacant Land available for Commercial Use
Public Power and AMP
Public power utilities are not-for-profit, community-owned electric systems that work to provide the highest quality, most reliable power to residents and businesses. They are a part of the communities and focus on what is best for the people and businesses they serve.
American Municipal Power, Inc. (AMP) is the nonprofit wholesale power supplier and services provider for 133 members in the states of Indiana, Kentucky, Maryland, Michigan, Ohio, Pennsylvania, Virginia, West Virginia; as well as the Delaware Municipal Electric Corporation, a joint action agency in Smyrna, Delaware. On behalf of our members, AMP deploys a diverse renewable generation portfolio along with environmentally responsible programs and services as part of a corporate commitment to sustainability.
For more information about our member communities and programs, visit searchampsites.com.