Monterey announces new industrial park

The city of Monterey is working with ERP Holdings to develop a 27-acre piece of property into a new industrial park following the closure of longtime local employer Perdue. City officials announced the new The Summit Industrial Park near Exit 301 on Interstate 40, has room for anywhere from 10,000-square-foot to 40,000-square foot facilities. Officials are targeting green industry companies at the site and have begun construction on a spec building expected to be complete by the fall of 2028.