Local news- Press Release
Henderson Kentucky - City receives $3 million grant for natural gas line 27 July 2022 ( news )
Henderson , state Kentucky ( By Press Release office)
Jul 27,2022
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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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