Thursday, August 05, 2010

 

Grant To Upgrade Regional Business Park

KENTUCKY...
Gov. Steve Beshear today joined community and company officials in Morehead to announce a multi-county coal severance grant to expand mobility and access within the John Will Stacy Menifee-Morgan-Rowan County (MMRC) Regional Business Park.

The $170,165 in funding awarded to the MMRC Regional Industrial Development Authority has enabled repairs to be made to the park’s main access road, Industry Road, and will facilitate construction of an additional 450-foot access road in the park. As traffic in the park increases due to the expansion of existing businesses, improved connectivity has become a priority.

Among the companies that will benefit from the upgrades are Family Dollar and Hamilton Company, which announced today that they will create a combined total of 125 new jobs.

“Paving and repairing access roads within the John Will Stacy industrial park will have a significant impact not only on businesses but on the entire community,” said Gov. Beshear. “In addition to accommodating 125 new employees hired by Family Dollar and Hamilton Company, these improvements will encourage economic growth and further job creation.”

“Adequate, well-paved routes that provide safe, efficient travel for employees are critical,” said Department for Local Government (DLG) Commissioner Tony Wilder. “This project, which also supports economic activity, is an excellent example of how coal severance funds can make a difference in a community.”

The Family Dollar Distribution Center, which opened its Morehead location in 2000, will invest an additional $1.5 million in infrastructure and equipment at its 907,000 square-foot facility. Currently an employer of 450 Kentuckians, it will create 100 new jobs in its expansion. The company is ranked the number-one volume distribution center in the company network.

Hamilton Company, a family-owned wholesaler, is relocating from downtown Morehead to build a new, 25,000 square-foot distribution center to distribute Heiner’s Bakery and Sara Lee products. In addition to making a $1 million investment, the company will create 25 new jobs over the next few years.

“The expansion of Family Dollar is great news for Rowan County and the entire region,” said Rep. Rocky Adkins, of Sandy Hook. “The addition of new jobs and investment, especially during tough economic times, makes this a truly important announcement. Family Dollar is to be commended on their commitment to the people of our area.”

“This project is exciting for Rowan County and our neighbors,” said Rep. John Will Stacy, of West Liberty. “The Family Dollar expansion will bring new jobs to our community and will help strengthen the local economy.”

“I am very pleased to have Governor Beshear celebrate the expansion at Family Dollar's distribution facility in the MMRC Industrial Park near Morehead and about the new jobs that brings to this area,” said Morehead Mayor David Perkins. “The ground-breaking for a new distribution center for our locally-owned Heiner's / Sara Lee distributor at MMRC is also a welcome expansion of business in our community that will bring more jobs.”

Multi-County Local Government Economic Development Funds (LGEDF)/Coal Severance Funds are a portion of coal severance taxes set aside to fund projects benefiting two or more coal-producing counties.





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