WASHINGTON, D.C. (WTVQ) – The Estill County Board of Education has been awarded a $4 million grant for an Area Technology Center education building from the U.S. Department of Commerce’s Economic Development Administration.
The project, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with $4.7 million in state investment, and is expected to create more than 500 jobs, retain 450 jobs and generate $19.4 million in private investment, according to the EDA.
This investment will help build a new 40,000 square foot ATC educational building for Estill County Schools.
Collaborating with a regional technical college, the ATC will offer support and education to highly skilled workers that includes advanced manufacturing, health sciences, information technology, diesel technology, and other technical education for adults.
This project is funded under the Assistance to Coal Communities (ACC) program, through which EDA awards funds on a competitive basis to assist communities severely impacted by the declining use of coal through activities and programs that support economic diversification, job creation, capital investment, workforce development, and re-employment opportunities.