The Magoffin County Fiscal Court approved financing measures Thursday, November 5, to support the second phase of development at the Gifford Road Industrial Park. During a special meeting, magistrates authorized a loan through Salyersville National Bank, naming Judge-Executive Donald W. McFarland and County Treasurer Josephine Bailey as authorized signatories. The court also approved transferring funds from the county’s Economic Development Fund into the Gifford Road Industrial Fund to cover project expenses as needed. Officials indicated that the county expects reimbursement for those expenditures, with one stating that the project’s eventual net cost to the county is anticipated to be zero. However, the loan amount, interest rate, and details of the expected reimbursement were not disclosed during the meeting. In separate business, the court appointed Matthew Arnett to the Housing Authority Board, replacing Emanuel Howard following the expiration of his term. All three measures were approved by voice vote. Source: Magoffin County Fiscal Court Special Meeting, November 5, 2026. #AppalachiaInsider #MagoffinCounty #Salyersville #EconomicDevelopment #GiffordIndustrialPark #FiscalCourt