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Obion County officials have approved a $3.65 million dollar incentive package in the hopes of attracting an industrial manufacturer.

The money will be loaned to the Union City industrial development board from the county’s hospital fund.

An economic development magazine has ranked Kentucky 10th in the nation for new and expanded industry in 2012.

Site Selection magazine reports that Kentucky added 14,000 jobs and invested $2.7 billion in new industry activity last year. The state also generated 196 projects that involved at least a $1 million investment, created at least 50 jobs or added at least 20,000 square feet of new floor space. The top state was Texas, with 761 projects that met those terms.