Governor's Office for Local Development
Allen County Awarded CEGG Funding
Governor Ernie Fletcher and the Governor’s Office for Local Development (GOLD) today announced that Allen County will receive $100,000 in funding from the Community Economic Growth Grant (CEGG) program.
“The Community Economic Growth Grant exemplifies what is possible when the Executive Branch and the Legislature work in a bi-partisan manner,” said Governor Ernie Fletcher. “The infusion of these funds will result in over $99 million in successful projects across the Commonwealth.”
The fund, which was established during the 2005 General Assembly as HB 267, provides nearly $10 million in grant funds to be allocated during the 2005-2006 biennium.
Allen County/Scottsville currently has an existing Industrial Park with one business located within the park, employing 72 persons. The site is zoned industrial, with existing utility and transportation infrastructure in place.
This project proposes to construct a speculative (spec) building in the Park. It is estimated, that to construct a 48,000 square foot (SF) spec building it would cost $1,069,767. Of that, approximately $416,464 would be allocated for site development costs.
Senator Richie Sanders (R-Franklin) said, “A new speculative building is expected to attract a business that could provide between 50-75 new jobs to the county.”
Representative Rob Wilkey (D-Scottsville) said, “I congratulate Allen County for becoming one of the first recipients of the CEGG Grant. I am certain this spec building will foster economic development.”
CEGG is administered by the Governor’s Office for Local Development through the Kentucky Community Development Office (KCDO). The goal of the program is to provide flexible funding to support and encourage the economic growth and viability of communities within the Commonwealth.
Counties, cities, special districts and school districts were eligible to apply for this year’s funding. Monies can be utilized for construction, acquisition of property, equipment purchase, industrial site development, infrastructure and capital improvement projects.