Ashland Alliance receives $84,000 for aerospace industry development project
An economic development project that aims to bring up to 300 new employees to the aerospace industry in Boyd and Greenup counties in Kentucky was recently awarded $84,000 in funding from the Kentucky Power Economic Development Growth Grant.
The grant recipient, Ashland Alliance, will be used to obtain AirReady Certification for the two Kentucky counties, and to launch a large-scale marketing campaign that will work to draw aerospace companies to industrial sites in the region. The grant comes from a new program that generates $600,000 annually for investment in local and regional development projects.
“Aerospace manufacturing is booming in Kentucky in large part because of our skilled workers,” Kentucky Power President and COO Greg Pauley said. “We are happy to award this grant to Ashland Alliance because we want to do what we can to help eastern Kentucky take advantage of this opportunity for economic growth and add sustainable, good paying jobs.”
Kentucky Power has paid out approximately $500,000 dollars in grants in 2016 from the ongoing program. Applications are reviewed by four Kentucky Power employees and two economic development professionals from outside Kentucky Power.
“We encourage those with promising economic development projects to submit applications for consideration,” Brad Hall, external affairs manager for Kentucky Power, said.
