Delta Regional Authority Invests $1.5 Million to Strengthen Kentucky’s Economy, InfrastructureOctober 02, 2018
FRANKFORT, Ky. –Delta Regional Authority (DRA) Chairman Chris Caldwell and Kentucky Gov. Matt Bevin today announced that DRA will invest $1.5 million to deliver infrastructure improvements that will support business expansion, help create 210 new jobs by attracting an international manufacturer and improve the lives of 669 families. DRA’s investments, along with other public and private partners, will bring a total of $61 million in new investments to Kentucky.
“Kentucky will gain more than 200 new jobs with DRA investments that will support expansion of existing businesses and help an international manufacturer locate its U.S. headquarters in the state,” Caldwell said. “These investments demonstrate DRA’s commitment to building infrastructure that adds new jobs and increases economic development opportunities across western Kentucky.”
Summary of DRA’s statewide investments:
- 6 Projects
- DRA investments: $1,486,395
- Total investments: $60,971,549
- Jobs created: 210
- Families affected: 669
“Kentucky’s record-breaking economic growth is changing communities across Kentucky, and we are grateful for DRA’s $1.5 million investment to support projects that will create even more new economic development opportunities across the state,” said Gov. Matt Bevin, R-KY. “This investment will spur over $60 million in total investments and support at least 210 new jobs by furthering infrastructure development and business growth opportunities in six Kentucky communities.”
Kentucky’s congressional delegation issued the following statements:
“Kentucky’s communities will benefit from new investments by the Delta Regional Authority. Bolstering infrastructure projects in Western Kentucky is a positive step toward continued job creation and economic growth throughout the region. I have long supported the DRA in the Senate by ensuring it has the necessary resources to support these types of economic development projects, and I congratulate these communities for being awarded much-needed funding,” said U.S. Sen. Mitch McConnell, R-KY, who as a senior member of the Senate Appropriations Committee has worked to secure funding for DRA and its Kentucky priorities.
“I’m always proud to support Kentucky’s communities and their needs, and will continue working in Washington to put Kentucky first,” said U.S. Sen. Rand Paul, R-KY.
“It’s great to see this investment in western Kentucky to help boost economic development throughout the entire region,” said U.S. Rep. James Comer, (KY-01). “From business expansions, to inland waterways infrastructure, this $1.5 million investment is expected to provide more than 150 jobs across western Kentucky. I look forward to seeing the positive effects from this investment and how it will make Kentucky and the First District a better place.”
DRA investments are made through its States' Economic Development Assistance Program (SEDAP), the agency's main federal funding program that invests in basic public infrastructure, transportation infrastructure, workforce development, and small business and entrepreneurship projects.
Kentucky economic development projects:
- CITY OF MURRAY: New Business. DRA Investment: $357,373. Total Investment: $50.3 million. The Murray Calloway Economic Development Corporation will make infrastructure improvements at the Murray West Industrial Park to accommodate a South Korean auto-parts supplier that will build a new facility. The business will create 120 new jobs at a manufacturing plant that also will serve as the company’s U.S. headquarters. The South Korean company will add manufacturing jobs as well as engineering and managerial positions. It will attract workers from Calloway county and surrounding areas.
- TOWN OF HENDERSON: Business Expansion. DRA Investment: $314,965. Total Investment: $5.3 million. DRA’s investment will support extension of a water line to allow a local business to double its capacity and its workforce. About 40 new jobs will be created by the company, which has been producing nylons since 1957.
- CITY OF BENTON: Business expansion. DRA Investment: $307,000. Total Investment: $3.8 million. The Marshall County Fiscal Court will use DRA’s investment to help purchase 300 acres that will be converted into the Southwest One Industrial Park. The park will be a multi-tenant site that will target small- or medium-sized businesses in the manufacturing, assembly, automotive supply, distribution and plastics industries, among others. A software and IT company will create 50 new jobs in Benton.
- CITY OF STURGIS: Flood Protection. DRA Investment: $256,565. Total Investment: $1.1 million. Sturgis needs to strengthen its flood wall to bolster flood protection for area residents and businesses. The 4-mile levee system was completed in 1968 and now has 10 deteriorating drainage pipes. DRA’s investment will upgrade the pipes and provide continued safety for Sturgis’ businesses and 669 families, who also should realize lower insurance premiums with the upgrade.
- CITY OF PRINCETON. Water Infrastructure. DRA Investment: $137,866. Total Investment: $137,866. About 91 Princeton families who live along North Highway 139 in Caldwell County will realize enhanced water capacity with DRA’s investment. The Caldwell County Water District will upgrade water lines to serve current residents and support a new eight-person group home for mentally disabled adults.
- CITY OF EDDYVILLE. Increase Business Capacity. DRA Investment: $112,626. Total Investment: $220,126. The Eddyville Riverport and Industrial Development Authority will use DRA’s investment to replace a conveyor belt that moves commodities from barge to storage at a facility located on Lake Barkley in Lyon County. Two jobs will be retained at the port, which is the only operating Kentucky public riverport along the Cumberland River. The conveyor belt is crucial to moving granular and break-bulk commodities, granular fertilizer and grain products to storage facilities at the site.
About the Delta Regional Authority
The Delta Regional Authority is a federal-state partnership created by Congress in 2000 to help create jobs, build communities, and improve lives through strategic investments in economic development in 252 counties and parishes across eight states. DRA has invested more than $185 million into more than 1,100 projects. Overall, DRA investments have helped create and retain more than 55,000 jobs, train nearly 45,000 workers to advance in the 21st Century, and deliver sewer and water improvements to more than 238,000 residents and businesses. Learn more at dra.gov.
Contact: Andrew Moreau