Governor Ernie Fletcher’s Communication Office
Governor Ernie Fletcher and Congressman Hal Rogers Host East Kentucky Open House
Kentucky Community Development Office and the Southeast Kentucky Economic Development Corporation Open a Shared Office in Prestonsburg
FRANKFORT, Ky. – Governor Ernie Fletcher and Congressman Hal Rogers today hosted an open house for the Kentucky Community Development Office (KCDO) and the Southeast Kentucky Economic Development Corporation’s (SKED) Prestonsburg office. The two organizations will share office space located in the First Commonwealth Bank facility.
“By having a regional office, we will be able to better serve the people of Eastern Kentucky, “said Governor Fletcher. “The staff in the Prestonsburg office knows the area and its citizens, and by sharing space with SKED, we will be well-equipped to help local officials meet the needs of their communities.”
“Over the past 19 years, SKED has worked diligently to bring economic progress to Kentucky and has developed a reputation as one of the state’s leading development organizations,” said Congressman Rogers. “With this expansion of services, SKED’s staff of professional recruiters will work to market the region and bring economic growth in the form of jobs, community development projects and low-interest loan funds. Through this regional office for KCDO and SKED, we are making an important investment in the future of Eastern Kentucky.”
The Kentucky Community Development Office is responsible for the administration of the Community Economic Growth Grant (CEGG), the Local Government Economic Development Fund (LGEDF) and the Local Government Economic Assistance Fund (LGEAF).
CEGG monies are available to provide gap funding for community projects and are available for every city, county and special district across the state. LGEDF and LGEAF monies are available for coal severance counties for those areas to use in pursuing economic development projects.
KCDO coordinates between local governments, industrial authorities, area development districts and other relevant organizations in order to promote the economic and community development of Kentucky.
The Southeast Kentucky Economic Development Corporation, formed in 1986, helps create employment opportunities in a 27-county service area in southeast Kentucky. SKED duties are to recruit new businesses, make direct loans and provide economic development services to local communities.
Since its creation, SKED has secured loans and grants totaling more than $18 million, providing funding for over 50 businesses which in turn have created more than 5,000 jobs throughout the region.
The open house brought out many local officials and community leaders in east Kentucky. For more information about KCDO or SKED, please visit www.gold.ky.gov or www.southernkentucky.com.