Governor's Office for Local Development
Monroe County Awarded $100,000 CEGG Grant
Governor Ernie Fletcher and the Governor’s Office for Local Development (GOLD) today announced that Monroe County Fiscal Court will receive $100,000 in funding from the Community Economic Growth Grant (CEGG) program.
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 Monroe County Fiscal Court will utilize funds to purchase two properties totaling 19.5 acres for a new industrial park. Adequate industrial property is scarce in the county as the terrain and infrastructure limit the available land for adequate industrial development.
Senate President David L. Williams (R-Burkesville) said previous industrial facilities built in the community were geared for apparel manufacturers and do not contain adequate height or configuration for many industrial users, “I congratulate Monroe County for their competitive application for this grant. The two properties will help attract potential employers and diversify job opportunities in Monroe County.”
Representative James Comer, Jr. (R-Tompkinsville) said the economic development future is vital to the growth of this county. "The acquisition of land for a new industrial park will allow Monroe County greater flexibility to attract business. This, along with the new road project funded in this budget, will help create jobs for our community."
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.