Ford Invests $1.3B in Kentucky Plant, Adds 2,000 Jobs
MLive reports that Ford Motor Company will invest $1.3B into it's Kentucky truck plant, a move that will effectively add 2,000 jobs and major facility upgrades.
Owensboro Ninth Street Apartment Rehab Work Progressing
A development company seeking to convert an old warehouse into a 28-unit affordable apartment complex will submit an application for tax credits for the project from the Kentucky Housing Corp., according to Owensboro officials.
Nicholasville, Albaad Seek Grant Assistance for $6.5M Expansion
Nicholasville manufacturer Albaad is planning a $6.5 million expansion that is expected to generate 20 jobs. Jessamine County Joint Economic Development Authority will be seek CDBG funding to assist Albaad expand.
KY Receives $6M in Federal Grants
Kentucky received $3.8 million in federal EDA grant funds as part of the Partnerships for Opportunity and Workforce and Economic Revitalization (POWER) Initiative.
CDFA Retains Lobbyist Eric Silva with New Firm
CDFA is pleased to announce the selection of North South Government Strategies (NSGS) as the Council's legislative representation on Capitol Hill. Eric Silva, Founding Partner with NSGS, will continue his work as CDFA's legislative representative.
Downtown Redevelopment Project Includes Tourism Incentives
Kentucky is seeking suggestions from developers for construction projects to revitalize four-parcels of land in the Capital Plaza Area of downtown Frankfort.
Obama Signs Five Year, $305B Highway Bill
The Bond Buyer Reports that President Obama signed a five-year $305B transportation funding bill, allocating $225B for mass transit and highway improvements through fiscal 2020.
PACE Program Management
The fundamental goals, law and management, loans vs. bonds, project monitoring, funds dispersal, and financial security of PACE programs are described by David Rogers of FBT Project Finance Advisors LLC.
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