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 industrial park called The Summit near Exit 301 on I-40, with room for 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.