Eddyville Riverport and Industrial Development Authority

What Eddyville Riverport and Industrial Development Authority does

Eddyville Riverport and Industrial Development Authority (ERIDA) is a public economic development authority and special-purpose governmental entity, established in 1976 and based in Lyon County, Kentucky. It operates the Eddyville Riverport on Lake Barkley at river mile 43 of the Cumberland River and manages the adjacent 106-acre Eddyville Industrial Park. ERIDA's product surface spans three multimodal logistics channels: river transportation via Cumberland River/Barkley Lake waterfront access; rail transportation via direct connection to the 280-mile, 100%-signaled Paducah and Louisville (P&L) Class II Railroad mainline with seamless Class I interoperability; and road transportation via I-24, I-69, and U.S. 62 providing a 500-mile market radius reaching Nashville, St. Louis, Memphis, Atlanta, and Chicago. The industrial park portfolio includes two Kentucky Build-Ready certified sites (Site A: 20–80 acres; Site B: 8–20 acres) with installed 8-inch gravity sewer, 10-inch waterline (850,000 GPD), electric, gas, and fiber utilities, plus a 60,000 SF spec building project and an intermodal connector route formally added to the federal National Highway System in April 2025. Named enterprise tenants include AgriChem (Kentucky), Gavilon Fertilizer, Paducah Barge, Hubs Offshore, and Katoenatie, spanning chemical manufacturing, fertilizer logistics, barge transportation, and offshore services support.

ERIDA's revenue mechanics are characteristic of a public authority rather than a commercial enterprise: industrial site leasing, recurring port service and cargo-handling fees, infrastructure project execution (dolphin installation, road repaving, spec buildings) delivered via public invitation-to-bid and pre-qualified contractors, and recurring capital grants from the Kentucky Transportation Cabinet and Kentucky Cabinet for Economic Development (including a $184,061 infrastructure grant in 2023 and a $500,000 riverport upgrade grant). The authority employs 1–10 staff led by Executive Director Amanda Davenport and Board Chair Billy Ray Coursey. Lifetime operating metrics cited by ERIDA include 500,000 tons shipped, 16 projects completed, and $8.7M in capital investment facilitated. GTM is dual-motion: a sales-led, relationship-driven channel targeting industrial site selectors and direct enterprise outreach, combined with an event-driven public-bid process for infrastructure projects. Marketing is conducted primarily through the Kentucky Cabinet for Economic Development's Build-Ready program, the ERIDA website, and publicly published RFQs.

The entity does not operate app-based products, APIs, or proprietary software platforms; no patents, trademarks, or AI/ML capabilities are disclosed. Distribution is purely geographic and infrastructure-based within Western Kentucky and the broader Midwest/Southeast United States. Strategic partners include the Federal Highway Administration, Kentucky Transportation Cabinet, Kentucky Cabinet for Economic Development, Kentucky Association for Economic Development, P&L Railroad, Kentucky Utilities, and Lyon County IDA — providing both regulatory leverage and capital for continued industrial park and marine infrastructure buildout.

Name

Eddyville Riverport and Industrial Development Authority

Legal name

Eddyville Riverport and Industrial Development Authority

Website

https://eddyvilleriverport.com

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

1–10 employees

Short description

ERIDA is a publicly-owned Kentucky economic development authority, founded 1976, operating the Eddyville Riverport on the Cumberland River and a 106-acre Industrial Park. It provides multimodal river-rail-road logistics access and Build-Ready sites to manufacturing, chemical, fertilizer, and logistics tenants across Western Kentucky.

Ownership category

akta.pro rank

Headquarters

HQ city

Eddyville

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Others

Revenue model

1. Industrial Site Leasing and Rental: Provides industrial sites and facilities to manufacturing and logistics companies. Revenue generated through leasing land, buildings, and infrastructure to tenants at the Eddyville Industrial Park and riverport.
2. Multimodal Logistics Services: River, rail, and road transportation infrastructure access provided to area businesses for movement of goods. Service fees for port operations, loading/unloading, and cargo handling.
3. Infrastructure Project Services: Public authority undertakes infrastructure development projects (dolphin installation, road repaving, spec building) funded through grants, bonds, and contractor partnerships.
4. Government Grants: Receives state transportation grants for infrastructure and equipment upgrades, such as the Kentucky Transportation Secretary's $500,000 grant for riverport improvements.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

ERIDA operates the Eddyville Riverport on Lake Barkley/Cumberland River providing multimodal transportation access via river, road (I-24, I-69, U.S. 62), and rail (P&L Railroad Class II mainline). The authority also manages the 106-acre Eddyville Industrial Park offering Build-Ready certified sites, spec building facilities, and utilities for manufacturing and logistics tenants seeking supply chain infrastructure access in Western Kentucky.

Product overview

ERIDA operates as a multimodal logistics and industrial development authority offering river, road, and rail transportation services from its Eddyville Riverport facility on Lake Barkley/Cumberland River. The organization provides access to a 280-mile regional Class II railroad (Paducah and Louisville Railroad), interstate highway connectivity via I-24 and I-69, and direct waterway access for freight movement. ERIDA manages the Eddyville Industrial Park (106 acres) with Build-Ready certified sites and spec building facilities, and develops marine infrastructure such as dolphin mooring installations. The port has facilitated 500,000 tons shipped and $8.7M in capital investment across 16 projects since its founding in 1976.

Differentiator

Problem solved

Functional benefit

Products and services

• River Transportation Services Provides water front access on Lake Barkley as part of the Cumberland River for logistical and industrial needs of products originating in or destined for the Western Kentucky region. Serves manufacturing, chemical, fertilizer, and logistics companies requiring bulk commodity waterway shipping.
• Road Transportation Services Provides market access to a 500-mile radius including Nashville, St. Louis, Memphis, Atlanta, and Chicago via I-24, I-69, and U.S. 62. Serves manufacturers and distributors requiring reliable and efficient goods movement with minimal traffic congestion.
• Rail Transportation Services Provides access to P&L Railroad mainline delivering 280-mile regional Class II railroad service that is 100% signaled and compatible with any Class I railroad for long-haul connectivity. Serves shippers requiring seamless rail access to national rail networks.
• Eddyville Industrial Park A 106-acre publicly owned industrial park managed by ERIDA offering build-ready sites with utilities including 8-inch gravity sewer, 10-inch waterline (850,000 gallons per day capacity), electric, gas, and fiber internet. Located half a mile from I-69 and four miles from I-24. Targets manufacturers, distributors, and site selectors seeking Kentucky industrial locations.
• Build-Ready Industrial Sites Kentucky Cabinet for Economic Development certified build-ready sites available at Eddyville Industrial Park. Sites include pads ready for 50,000+ SF buildings with completed archaeological, environmental, and geotechnical studies, constructed building pad, preliminary design work, and infrastructure in place. Targets manufacturers seeking rapid Kentucky deployment.
• Spec Building 60,000 SF Pre-Engineered Metal Building (PEMB) spec building in Eddyville Industrial Park with 154,000 SF future industrial space (30 ft eave height) and 6,000 SF future office space (15 ft eave height). Targets manufacturers and distributors seeking turnkey Kentucky facilities with expansion capacity.

Quantifiable outcome

• $8.7M in capital investment attracted to the region
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Federal Highway Administration (FHWA)coreStrategic or Co-development Partner · 20 May 2025FHWA approved inclusion of ERIDA's intermodal connector route on the National Highway System (NHS) in April 2025. This designation recognizes ERIDA's role as a critical transportation and logistics hub and opens doors to federal infrastructure funding.
• Kentucky Cabinet for Economic DevelopmentcoreStrategic or Co-development Partner · 1 May 2023State agency partnership for Build-Ready site certification program. ERIDA's Eddyville Industrial Park sites were certified as Build-Ready locations available statewide for companies looking to locate in Kentucky and start construction quickly.
• Kentucky Association for Economic Development (KAED)coreStrategic or Co-development Partner · 1 January 2020Partnered through Product Development Initiative (PDI) created by Kentucky Cabinet for Economic Development and KAED to provide competitive grants for site and building improvement projects. Lyon County location selected for PDI funding in 2020.
• Kentucky Transportation CabinetcoreStrategic or Co-development PartnerState transportation cabinet submitted and approved NHS inclusion request for ERIDA's intermodal connector. Awards infrastructure grants including $500,000 for riverport upgrades. Pre-qualification requirements for contractors on ERIDA projects.
• Kentucky UtilitiesminorStrategic or Co-development PartnerLocal utility partner involved in developing Build-Ready sites at Eddyville Industrial Park. Cooperated with ERIDA, Lyon County IDA, and Kentucky Cabinet for Economic Development on site infrastructure.
• Lyon County IDAminorStrategic or Co-development PartnerCounty-level economic development partner collaborating on industrial park development and Build-Ready site certification efforts.
• Paducah and Louisville (P&L) RailroadcoreTechnology or IntegrationClass II railroad mainline adjacent to ERIDA facilities providing 280-mile regional rail service. 100% signaled and compatible with any Class I railroad for seamless long-haul connectivity.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Paducah-McCracken County Riverport Authority: A Kentucky public riverport authority also operating on the Tennessee/Cumberland/Ohio river system with multimodal logistics, industrial park management, and economic development mission similar to ERIDA.
• Henderson County Riverport Authority: Kentucky inland riverport authority providing barge, rail, and road logistics on the Ohio River with industrial park operations — directly comparable public authority model.
• Owensboro Riverport Authority: Kentucky public riverport and industrial authority offering multimodal cargo handling on the Ohio River with similar public governance structure and regional economic development focus.
• Port of Louisville: Louisville-Jefferson County Riverport Authority operates an inland port with multimodal logistics, industrial park leasing, and bulk cargo handling on the Ohio River — same public-authority business model as ERIDA.
• Port of Pittsburgh Commission: Public inland port authority on the Ohio/Monongahela/Allegheny rivers managing multimodal freight terminals and industrial real estate — same public-riverport-authority model and customer base.

Broad incumbents

• Port of Memphis: Larger Mid-South inland port on the Mississippi River handling barge, rail, and truck freight with industrial real estate — broader geographic scope and higher throughput than ERIDA but same inland multimodal port model.
• Ingram Marine Group: Major U.S. inland marine transportation company operating barge fleets on the Cumberland, Ohio, and Mississippi River systems — comparable waterways and customer base as ERIDA's barge tenants.
• ACBL (American Commercial Barge Line): Large inland barge operator serving the Ohio/Mississippi/Cumberland River system — overlapping customer base with ERIDA's maritime logistics tenants such as Paducah Barge.
• Logistics Park Kansas City: BNSF's intermodal logistics park offering rail-served industrial sites with highway connectivity — comparable multimodal industrial park concept though anchored by Class I rail rather than inland waterway.

Emerging players

• CenterPoint Properties: Industrial real estate developer focused on multimodal logistics parks with rail, port, and highway access — comparable industrial park business model with multimodal integration, though larger and more commercially focused.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/eddyvilleriverport

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors1 record

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M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eddyville Riverport and Industrial Development Authority