Governor's Office for Local Development
The London-Laurel County Industrial Development Authority Awarded CEGG Funding
Governor Ernie Fletcher and the Governor’s Office for Local Development (GOLD) today announced that the London-Laurel County Industrial Development Authority will receive $490,000 in funding from the Community Economic Growth Grant program (CEGG).
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.
“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 London-Laurel County Industrial Development Authority will construct water and sewer lines needed to serve the 79,400 square foot (SF) speculative (spec) building currently under construction in the London-Laurel County Industrial Park #4. Infrastructure will provide increased capacity to a new facility located in the park. Construction includes one sewage pump station and upgrades of an existing sewer pump station. The 254-acre park is located on KY Highway 80 west of London.
Senator Tom Jensen (R-London) said, “This project will benefit the local community and region through immediate job creation as well as continued employment opportunities as the industrial park is developed and marketed. This funding will help to complete the project. I appreciate Governor Fletcher’s support of this project.”
Representative Marie Rader (R-McKee) said, “With the population of Laurel County steadily increasing, the London –Laurel County Industrial Development Authority has been hard at work trying to bring new industry into the area to create jobs. These funds will help the Authority accomplish its goals as well as provide economic growth.”
Representative Charles Siler (R-Williamsburg) said, "I commend the Fletcher Administration for awarding the CEGG grant to the London-Laurel County Industrial Development Authority. The entire region will benefit from this park enhancement."
Representative Jimmy Stewart (R-Flat Lick) said, “With these pieces of the puzzle now in place the community can aggressively market the industrial park.”
Representative Tommy Turner (R-Somerset) said, "The board has worked extremely hard to make the industrial park an attractive place for businesses to locate and I'm pleased to see their work recognized with this CEGG money. As a result of their efforts, over 400 jobs are expected to be created in the next two years at the industrial park."
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 and infrastructure and capital improvement projects.