Economic Development Successes

Kentucky Power works diligently with our local, regional, and state partners to attract and develop central Appalachia as a leader in investment and job creation. The success of the Kentucky Power Economic Development Growth Grants (K-PEGG) and other grants illustrate the important partnerships the company is forming to bring businesses and jobs to our communities. In the last five years, Kentucky Power has invested nearly $6 million in economic development in eastern Kentucky, including water and sewer projects, broadband expansion, industrial site development and certification, workforce research, and other worthy endeavors.

KPEGG Grant Recipients:

The K-PEGG is funded through the Kentucky Economic Development Surcharge approved by the Kentucky Public Service Commission in 2015 and updated in 2017. For every $1 collected monthly from non-residential customers, company stockholders match the customer contributions dollar for dollar to generate nearly $800,000 annually for investment at the local and regional levels. The program is available in all 20 counties served by Kentucky Power.

2018

Shaping Our Appalachian Region
Date of Grant: 6/22/18
Amount: $25,000
Counties Served: Entire Kentucky Power footprint

Kentucky Power issued a grant to SOAR to help further local economic development strategies and assist in long term growth of the area. This grant will allow SOAR to assist with a guideline, implementation plan as well funding support to drive projects forward in local communities.

Appalachian Industrial Authority
Date of Grant: 6/25/18
Amount: $35,000
Counties Served: Letcher County

Kentucky Power issued a grant to the Appalachian Industrial Authority to directly impact infrastructure that will allow new business’s to locate in the park that will retain jobs as well as increase the number of jobs in the park. This grant can lead to $5,000,000 investment in the park.

Pike County Fiscal Court
Date of Grant:
Amount: $25,500
Counties Served: Pike County

This is a request for funds to be used to hire a consult to devise implementation plan for the creation of county-wide broadband. County plans to expand on success of Teleworks hub and increase jobs in remote areas of the county. Applicant will obtain matching funds with grant from Economic Development Administration currently being processed. The total estimated cost of the project is $85,000.

One East Kentucky
Date of Grant:
Amount: $50,000
Counties Served: Pike, Floyd, Johnson, Martin, Lawrence, Morgan, Magoffin

One East Kentucky is a 501(c)3 non-profit organization whose mission is to work toward diversifying the economy of the Coal Fields of East Kentucky through recruitment of industry. This organization is entirely funded by private investment, such as those sought in this grant application. This investment will be used to recruit industry, develop marketing materials, support regional chambers of commerce, initiate regional economic development strategies, and enhance opportunities for industrial sites. These dollars will serve as a supplement to the organization’s annual budget requirements for the remainder of the 2017-2018 budget cycle.

City of Wayland
Date of Grant: March
Amount: $19,500
Counties Served: Floyd County

Complete feasibility study to identify the need to establish and maintain a high speed, affordable wireless broadband service for the City of Wayland. Utilizing data from the Eastern Telephone & Technology model developed for the City of Pikeville Wireless Broadband Project, our city will need an estimated $150,000 to bring a similar service to Wayland. High speed broadband service brings opportunities of economic growth for existing businesses, as well as options for entrepreneurs and residents wishing to work from home. We have contacted EKCEP about our project and the possibility of a “Teleworks Hub” serving Wayland and the surrounding area.

Aerospace Alliance of East Kentucky
Date of Grant: March
Amount: $50,000
Counties Served: Greenup, Boyd, Floyd, Johnson, Knott, Lawrence, Letcher, Magoffin, Martin, Perry, and Pike.

This was request for funds to be used for direct marketing support for attending the MRO Americas Conference and Tradeshow. The MRO Americas conference is the premier event for the commercial air transport maintenance repair and overhaul industry. The applicant hopes to build on past success and promote eastern Kentucky to over 850 aerospace companies that will attend the conference.

One East Kentucky Corporation – International Landing Zone
Date of Grant: 2/28/18
Amount: $55,375
Counties Served: Floyd, Johnson, Knott, Lawrence, Letcher, Magoffin, Martin, Perry, and Pike.

This was request for funds to be used to conduct a feasibility study by a non-biased third party. The study would serve as a Foreign Direct Investment industrial incubator. One East Kentucky meets with many foreign companies that are looking to enter the U.S. market. The foreign companies are initially seeking smaller facilities between 10,000 to 30,000 square feet. The applicant believes the re-use of existing large industrial buildings could provide necessary space for foreign investors.

Ashland Alliance
Date of Grant: 5/22/2018
Amount: $72,000.00
Counties Served: Floyd, Johnson, Knott, Lawrence, Letcher, Magoffin, Martin, Perry, and Pike.

This grant request is $72,000 for East Kentucky Economic Development Gap Analysis, site meetings with clients that have expressed interest in an expansion of manufacturing facilities in NE Kentucky, and targeted recruitment opportunities that have opened up for Ashland Alliance and One East Kentucky.

Hazard Perry county Economic Development Alliance
Date of Grant: 6/25/18
Amount: $25,000.00
Counties Served: Perry, Harlan, Breathitt, Leslie and Knot

HPCEDA was created to work in unison with One East Kentucky to market the area, recruit new industry, help existing industry and local businesses, whether existing or startup, to enhance the economy in this coal-distressed area of eastern Kentucky. The primary focus for the alliance is in Hazard-Perry County but in recruiting and marketing the regional industrial park, Coal Field Regional Industrial Park, the 5 counties of Perry, Harlan, Breathitt, Leslie and Knott all benefit from industries and jobs created.

KY Association of Economic Development (KAED)
Date of Grant: 7/20 /18
Amount: $20,000.00 x 3
Counties Served: All of Kentucky

The Kentucky Cabinet for Economic Development (CED) has pledged that if KAED raises money to hire a consultant, CED will provide $9 million of funding, spread over a three year period, for the actual site/building investment.

One East Kentucky (OEK)
Date of Grant: 8/28 /18
Amount: $40,000.00
Counties Served: Floyd, Knott, Johnson, Lawrence, Letcher, Magoffin, Martin, Perry and Pike

One East Kentucky's Project Activity has increased significantly. We wish to implement a CRM system to manage projects, follow-up and deliver reporting to our board, investors and AEP KY Power Economic Development representatives. The system will allow for better and more consistent follow-up, leading to tangible results of new jobs and facility locations

Big Sandy Regional Airport Runway Feasibility study
Date of Grant: 11/ 1 /18
Amount: $64,481.00
Counties Served: Floyd, Knott, Johnson, Lawrence, Letcher, Magoffin, Martin, Perry and Pike

The Big Sandy Regional Airport Board requests funding to conduct a feasibility study to include the construction of a 10,000 ft. runway. This project is vital to meeting the explicit needs of Kentucky’s growing aerospace industry and for the future success of many business incentive initiatives and industry recruitment efforts for east Kentucky and the state of Kentucky.

Johnson Co Pathway to Economic Development - 1 Year $45,000
Date of Grant: 11/1 /18
Amount: $45,000
Counties Served: Floyd, Knott, Johnson, Lawrence, Letcher, Magoffin, Martin, Perry and Pike

Funds requested will be used for equipping the students with the essential educational resources such as computers, resource materials & manual creation as well. Additional funds will be utilized for professional services and training for students from outside the education spectrum (KIED, Speakers, conferences and seminars).

2017

One East Kentucky: $50,000
The grant supports One East Kentucky’s budget for the 2017-2018 budget year. The grant was the second of a five year commitment to the new organization which is charged with attracting primary jobs and industry to eastern Kentucky.

Shaping Our Appalachian Region, Inc. (“SOAR”): $25,000
The grant to SOAR was assist in fulfilling the organization its mission of expanding job creation, enhancing regional opportunity, innovation, and identity, improving the quality of life, and supporting all those working to achieve these goals in Appalachian Kentucky. The grant was the second of a three year commitment.

Hazard-Perry County Economic Development Alliance: $25,000
The funds were used to create a strategic plan and provide budgeting support for the organization whose mission is to attract, develop, and expand a diversified business base in the counties. The grant was the first of a three year commitment to the new organization which is charged with ensuring Perry County is primed for job attraction and industry investment.

Southeast Kentucky Economic Development Corporation: $60,000
The grant to the Southeast Kentucky Economic Development Corporation provided funds necessary to assist four companies in the Company’s service territory obtain quality control certifications necessary to compete for subcontracting work to major military and government contractors.

Pike County Fiscal Court: $18,700
The grants to the Pike County Fiscal Court provided funds necessary to market the activities at the Pike County Teleworks Hub including job training and placement services.

2016

One East Kentucky: $10,000
One East Kentucky is one of Kentucky Power’s key regional economic development partners. These funds were used to help cover costs incurred to meet with potential new employers, necessary travel, attend economic development conferences, and market the region.

One East Kentucky: $50,000
The grant was to support One East Kentucky’s budget for the 2016-2017 budget year. The grant was the first of a five year commitment to the new organization which is charged with attracting primary jobs and industry to eastern Kentucky.

Hazard-Perry County Economic Development Alliance: $25,000
The funds were used to create a strategic plan and provide budgeting support for the organization whose mission is to attract, develop, and expand a diversified business base in the counties. The grant was the first of a three year commitment to the new organization which is charged with ensuring Perry County is primed for job attraction and industry investment.

City of Hazard: $56,000
The grant funds were issued to the City of Hazard to fund improvements to the sanitary sewer system that serves the Coalfields Industrial Park. Increasing the sewer capacity to 260,000 gallons per day at the Coalfields Industrial Park makes that site more attractive to businesses looking to relocate to the area.

Shaping Our Appalachian Region, Inc. (“SOAR”): $25,000
The grant to SOAR was assist in fulfilling the organization its mission of expanding job creation, enhancing regional opportunity, innovation, and identity, improving the quality of life, and supporting all those working to achieve these goals in Appalachian Kentucky. The grant was the first of a three year commitment.

City of Pikeville: $75,000
The grant to the City of Pikeville provided the City with the funding necessary to hire engineers to design the “last mile” portion of the broadband infrastructure provided through the KentuckyWired project. The City’s project provided the engineering design necessary to extend broadband service from backbone to individual customers and businesses. The access to high-quality broadband service will help the City of Pikeville attract new business to the area.

One East Kentucky: $37,500
The grant to One East Kentucky allowed for the completion of an Aerospace Assessment and Marketing Plan for the region. As a result of the assessment and marketing plan, communities served by One East Kentucky received the AEROready designation. This designation helps One East Kentucky give assurances to private aerospace and aviation companies that an independent firm has verified that the workforce and assets of the region can support their facilities.

Big Sandy Regional Industrial Development Authority (“BSRIDA”): $100,000
The grant to BSRIDA provided the final funding necessary to purchase Logan Corporation’s facility in Martin County. Logan Corporation sought to sell the property so that it would be able to purchase a larger facility in Magoffin County to expand its business. The facility in Martin County was insufficiently sized to support Logan’s operations as it transitioned from manufacturing mining equipment to dump truck beds. As a result, none of the 35 jobs at Logan’s facility will be lost from the region and Logan will eventually create 80 jobs at its Magoffin County facility. In addition, the BSRIDA now owns an industrial facility it can market to potential new businesses.

Big Sandy Community and Technical College (“BSCTC”): $75,000
The grant to BSTSC supported the purchase of equipment for the college’s new Advanced Technology Center at its Pikeville campus. This equipment helps students in BSCTC’s Fiber Optics Technician training program develop the skills necessary to serve as certified technicians for the new broadband infrastructure to be installed in the region through the KentuckyWired project.

Ashland Alliance: $84,000
The grant to Ashland Alliance was for two projects: (1) to obtain an AEROready certification for Greenup and Boyd Counties and (2) to hire an outside consultant to assist with the region’s marketing and branding efforts. As a result of the funds provided through the K-PEGG grant, Ashland Alliance obtained the AEROready certification. This designation helps Ashland Alliance give assurances to private aerospace and aviation companies that an independent firm has verified that the workforce and assets of the region can support their facilities. Additionally, Ashland Alliance obtained a marketing and branding plan that will assist Ashland Alliance market the region to interested companies.

Floyd County Fiscal Court: $100,000
The grant to the Floyd County Fiscal Court provided bridge funding for pre-construction project development activities including site evaluation and engineering for the RCC Big Shoal, LLC gas-to-liquids project. The facility will be located on a reclaimed coal mine and will provide the equivalent of 500-600 jobs during construction. Once complete, the project is anticipated to result in 50 to 75 full-time jobs.

Ashland Alliance: $15,000
The grant to the Ashland Alliance offset a portion of the cost of upgrading an existing natural gas line at the Wurtland Riverport Industrial Park. The natural gas line upgrade was necessary to attract Steel Ventures, a West Virginia based company, to construct a steel galvanizing and distribution facility at the industrial park. Steel Venture’s new facility will eventually employ 65 personnel.

 

KEAP Grant Recipients

The KEAP program provided $1 million in economic development assistance to customers over five years in Boyd, Carter, Elliott, Lawrence, Johnson, Martin and Morgan counties. The program ended in 2018.

2018

Lawrence County Economic Development
Grant Year: 2018
Amount: $101,350
Counties Served: Lawrence Project Description: Applicant requested funding for environmental and other related due diligence studies for site development for a new 85-acre Industrial park adjacent to the Kentucky Power Big Sandy Power plant. Burgess & Niple provided a site analysis report stating the studies need to be conducted as part of the redevelopment to an industrial property. A feasibility study regarding the sewer treatment plan for the park is 95% complete.

Johnson County / Paintsville Chamber of Commerce
Grant Year: 2018
Amount: $19,500
Counties Served: Johnson

Applicant requesting funds to purchase equipment of the East Kentucky Advanced Manufacturing Institute (eKAMI). The training institute is currently in place to bring the necessary skills that will help to recruit manufacturing industry to the region.

Southeast Kentucky Chamber of Commerce
Grant Year: 2018
Amount: $50,000
Counties Served: Floyd, Johnson, Knott, Lawrence, Letcher, Magoffin, Martin, and Pike Counties

Applicant seeks funding to purchase additional equipment for a VF3SS machine located at American Metal Works LLC (AMW). This will allow AMW to participate in the competitive are of aerospace manufacturing. Aerospace parts require a unique identification number engraved upon it. AMW currently has to send parts to a 3rd party for engraving. This increases both the cost of the part and the time it takes to deliver the part to the customer. The equipment will allow AMW to engrave the parts in-house and allow them to stay competitive and will continue to support economic growth in region.

Ashland Alliance
Grant Year: 2018
Amount: $30,000
Counties Served: Boyd, Greenup

Applicant request funding to implement a robust Recruitment and Marketing Program. This request aligns with existing efforts in retention and expansion of business in the region. The funding will lead to the applicant having direct conversation with 50 companies looking for expansion and new locations. The funding will also allow for the branding of marketing material and website

2017

Eastern Kentucky Advanced Manufacturing Institute (eKAMI):$50,000
to refurbish its Paintsville facility into an education center. The institute will focus on re-training out-of-work coal miners in skills needed for advanced manufacturing.

Ashland Alliance: $17,500
for a project to seek build-ready certification at the East Park Industrial Site in the greater Ashland area.

One East Kentucky: $88,200
The funds assisted One East Kentucky in jumpstarting the new location of Thoroughbred Aviation Maintenance’s new facility at the Big Sandy Regional Airport in Martin County.

Ashland Community and Technical College: $25,000
The grants assisted in the purchase of equipment for its new fiber optics training program.

Paintsville-Johnson County Chamber of Commerce: $20,000
The funds allow the Chamber to support American Metal Works in obtaining ISO 9001 and AS9100 certifications. The designations will allow the company to better compete for military and aerospace industry contracts.

Gateway, FivCo and Big Sandy Area Development Districts: $3,300
The grant will allow each district to send one representative to sit for the Certified Economic Developer exam as well as a test preparatory course.

Lawrence County Fiscal Court: $18,000
The funds assisted in purchasing equipment for a first and only Teleworks hub in the county.

2016

Ashland Alliance / Northeast Kentucky Regional Industrial Authority: $45,000
The grant provided fuding for a project at the East Park Industrial Site in the greater Ashland area. The grant funded various improvements of an existing 110,000 square foot specification building at the park. Project included $5,000 in local matching funds.

Gateway, FivCo and Big Sandy Area Development Districts: $10,400
The grants allowed each district to send one representative to the third year of training at the three-year Oklahoma University Economic Development Institute. The grant also funded attendance of additional staff to the Kentucky Institute of Economic Development basic course in Lexington.

City of Olive Hill: $25,000
The grant provided funding for the preliminary engineering services for surveying, measurements of existing wastewater treatment facilities and equipment as well as preliminary layout and design as part of a capital project to upgrade the city’s wastewater treatment facility.

FIVCO Area Development District: $4,000
The funding allowed East Park Industrial Park to enhance their marketing including signage to on the property and additional marketing materials.

Louisa Chapter of the Southeast Kentucky Chamber: $92,750
The funds assisted the Chamber in supporting Quality Metal Products of Louisa in purchasing new equipment that will allow the company to fabricate new products and increase their production by 18 to 24 percent. This project will add six new jobs at the facility.

2015

Northeast Kentucky Regional Industrial Authority: $100,000
The grant was used to prepare a build-ready site in East Park, a multi-county industrial park owned by Boyd, Carter, Lawrence, Greenup and Elliot counties. The site now will accommodate a 100,000 square foot building with expansion opportunities.

Louisa Chapter of the Southeast Kentucky Chamber of Commerce: $90,300
The grant was used to renovate an existing 86,000 square foot building adjacent to Browns Food Service in Louisa and market it as a site-ready business location.

Gateway, FivCo and Big Sandy Area Development Districts: $9,700
The grant allowed each district to send one representative to the second year of training at the three-year Oklahoma University Economic Development Institute. The grant also will fund attendance of additional staff to the Kentucky Institute of Economic Development basic course in Lexington.

2014

Big Sandy Area Development District: $8,000
The development district received $8,000 for advanced economic training for three individuals from all three local area development district offices: Big Sandy ADD; FiveCo ADD and Gateway ADD. The training was for the first year of the Certified Economic Developer Program through the University of Oklahoma.

City of Paintsville: $100,000
The city was awarded $100,000 to further develop and enhance the Teays Branch economic development site at 120 Scott Perry Drive. The funds were used primarily to facilitate the construction of adequate parking space to better market the site for potential development.

Louisa Chapter Southeast Kentucky Chamber of Commerce: $92,000
The chapter used the funds to assist in the development of new business – a metal, roofing and building-supply company – based in Louisa that is expected to have a near-term benefit of 10-20 new, skilled labor positions.

 

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