In 2022, Kentucky Power invested $951,483 in economic development activities in its service territory through the Kentucky Power Economic Growth Grant (K-PEGG) program.
The K-PEGG program assists in the funding of economic development programs that promote the creation and retention of manufacturing and/or industrial investment and jobs. The program is a partnership between Kentucky Power and its customers. Commercial and industrial customers contribute $1 monthly, and company stockholders match the customer.
The program is available in all 20 counties served by Kentucky Power. Grant applications are reviewed by a committee comprised of Kentucky Power employees and delegates of the Kentucky Association of Economic Development and the Kentucky Economic Development Cabinet. More information is available at Economic Development kentuckypower.com).
2022 KPEGG Highlights
- Johnson County Fiscal Court was awarded $275,000 for site development at Hager Hill.
- One East Kentucky received a $270,000 award to create downtown revitalization plans for six communities.
- City of Pikeville was granted $50,000 to develop a medical industry cluster.
- Lawrence County Fiscal Court was awarded $30,000 to identify potential industrial sites and create a plan for their development.
- City of Ashland received a $21,000 award for economic development education.