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 Henderson Kentucky - City receives $3 million grant for natural gas line 27 July 2022 ( news )

Henderson Kentucky - City receives $3 million grant for natural gas line 27 July 2022 ( news )

Henderson , state Kentucky
| 12| 2
   
   FRANKFORT , Ky . ( July 27 , 2022 )
    – Today , Gov . Andy Beshear congratulated Henry County and the cities of Henderson , Pikeville and Monticello for together receiving $13 million to support job growth and industrial expansion in their communities .
   The investment in these communities is estimated to create 654 jobs and generate over $500 million in private and local investment .
   The awards are funded through the U . S . Economic Development Administration’s (...... EDA ) $300 million
   Coal Communities Commitment
    program , which supports coal communities as they recover from the pandemic and helps them create new jobs and opportunities , including through the expansion of new industry sectors .
   “These investments will bring much - needed improvements to four Kentucky communities , ”
   Gov . Beshear
    said . “The awards will help construct two natural gas lines , improve a sanitary sewer system and create an agritech education and research center in our commonwealth . I want to thank Secretary Raimondo and her team for prioritizing Kentucky’s needs in providing this crucial funding . ”
   City of Henderson Natural Gas Line
   The EDA is awarding a $3 million grant to the City of Henderson for the construction of a high - pressure natural gas line needed to support manufacturing growth .
   This grant will provide service to a new advanced technology paper mill , promoting job creation in a region that has been impacted by the declining use of coal . The EDA investment will be matched with $2 . 8 million in local funds and is expected to create 320 jobs and generate $400 million in private investment .
   “President Biden’s American Rescue Plan offers direct relief to American communities as they work to build a better America for the future , ”
   U . S .
   
   Secretary of Commerce Gina M . Raimondo
    said . “This EDA investment will help Henderson build a stronger , more robust regional economy and boost U . S . competitiveness . ”
   Henry County Sanitary Sewer System
   The EDA awarded $1 . 5 million in funding to the Henry County Fiscal Court to make sewage system expansions and upgrades needed to support economic growth in the region .
   This project will provide the sewage infrastructure needed to support a major , new bourbon distillery and other business needs in the area . This EDA grant will be matched with $393 , 320 in local funds and is expected to create 80 jobs and generate $100 million in local investment .
   “The Economic Development Administration is dedicated to working with communities to support their locally - driven strategies to recover and rebuild from the pandemic , ”
   U . S . Assistant Secretary of Commerce for Economic Development Alejandra Y . Castillo 
   said . “This EDA investment will support the construction of more than 14 , 000 - linear - feet of sewer main , as well as a pump station , facilitating the growth of major area employers . ”
   Pikeville Agritech Center
   The University of Pikeville ( UPIKE ) will receive a $4 . 4 million grant to support construction of the UPIKE Ag - Tech Innovation Center of Excellence , an agritech research and education center to be located at the Kentucky Enterprise Industrial Park at Marion Branch in Pikeville . The project will be matched with $5 . 75 million in local funds .
   The project aims to promote job growth by bringing innovative industry to the area while enhancing educational opportunities for UPIKE students . The facility will include a greenhouse , classroom space , laboratory and offices to lead high - tech agriculture research efforts that aid the industry’s continued development and long - term viability while supporting increasing worldwide demand for food production .
   Monticello Natural Gas Line
   The Wayne County Fiscal Court will receive a $4 . 1 million grant to support construction of a natural gas line to serve the City of Monticello . The project will be matched with $2 . 3 million in local funds and is expected to create or retain 254 jobs and generate $30 , 000 in private investment .
   About the Economic Development Administration
   The mission of the U . S . Economic Development Administration ( EDA ) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation’s regions for growth and success in the worldwide economy . An agency within the U . S . Department of Commerce , EDA invests in communities and supports regional collaboration in order to create jobs for U . S . workers , promote American innovation , and accelerate long - term sustainable economic growth .
   The EDA is an important partner in building a better Kentucky . In May ,
   the EDA invested $1 . 9 million in Pike County
    to construct water and sewer infrastructure at Wolf Pit Industrial Park , which supported the growth of Eastern Kentucky’s manufacturing sector .
   The EDA also invested nearly $3 million
    in CARES Act Recovery Assistance grants to help Kentucky’s tourism industry recover from the economic impacts of COVID - 19 .
   
   





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