County of Pike receives grant for industrial park | Business

The Pike County Tax Court, Kentucky, will receive a $ 1.9 million grant from the US Economic Development Administration to build water and sewage infrastructure in the Wolfpit Industrial Park, south of Pikeville. The grant will be matched with $ 467,303 from local funds and is expected to generate $ 1 million in private investment.

The project is funded under the Assistance to Coal Communities (ACC) initiative, whereby EDA provides funds on a competitive basis to help communities severely affected by declining coal use. ACC projects support economic diversification, job creation, capital investment, workforce development and re-employment opportunities.

“President Biden is committed to rebuilding American manufacturing and creating new, well-paying jobs for our workers,” Commerce Secretary Gina M. Raimondo said in the press release announcing the federal grant. “This EDA investment will provide essential water and sewer services to strengthen Eastern Kentucky’s ability to meet current and future manufacturing needs and create new employment opportunities for Kentucky workers.” . “

Senatorial Minority Leader Mitch McConnell, R-Kentucky, said, “Today’s announcement is great news for my constituents in Pike County. I am proud to have supported the county’s candidacy for EDA for the Wolfpit industrial site. This project will create new jobs and give a boost to a region that has experienced the loss of jobs in the coal industry. I hope that important projects like this not only help these former miners get back on their feet, but they can also help diversify the region and encourage economic growth.

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