City, county partner to attract jobs

Local News

Related Photos

Nick Cook, community economic development coordinator for the Barren River Area Development District, address the Barren County Fiscal Court at their Tuesday evening regular meeting. Cook presented a community development block grant for funds not exceeding $1.1 million dollars to bring Integrated Pharmaceutical Packaging, Inc., to the county, and with it, at least 55 jobs. Susan Tebben

Discussion

September 8, 2010

By SUSAN TEBBEN Glasgow Daily Times The Glasgow Daily Times Wed Sep 08, 2010, 11:15 AM CDT

GLASGOW — Barren County is joining in the efforts to bring jobs to the county through a Community Development Block grant jointly applied for with the city.

At Tuesday’s regular meeting of the Barren County Fiscal Court, all but one magistrate approved a resolution acknowledging the submission of an application jointly by the fiscal court and the city of Glasgow for Community Development Block Grant funds not exceeding $1.1 million for “economic development activities, including industrial equipment purchase,” the resolution said. The city of Glasgow will be the lead applicant.

Nick Cook, community economic development coordinator for the Barren River Area Development District, was present to answer questions and explain the block grant.

“This is federal money based out of [the United States Department of Housing and Urban Development] that comes through the state and is distributed through IDEA,” he said. The money will be placed in a revolving fund for economic development activities, Cook said.

The company involved, Integrated Pharmaceutical Packaging, Inc., will take over the former Carhartt building on Aberdeen Drive off U.S. 31E, Cook said, and must create 55 jobs in the area to collect the $1.1 million loan that will be paid using the federal monies, as well as the $3 million in private investments. If they do not create enough jobs, the company will be required to pay $20,000 per job not created.

“The community block grant can only account for one-third of the cost [of establishing the business], the other money has to come from the company,” Cook said.

Barren County Judge-Executive Davie Greer called this a “no-lose situation,” since this grant will not cost the city or county any of their own money.

Even if the company should fail, Cook said, the equipment bought for the company to use will be owned by IDEA, so the loss for the county would be very little.

“It’s a pretty sure thing,” Greer said.

The only magistrate to vote against it, Carl Dickerson, said he was not voting against the business coming to Barren County, but the means by which the company was coming.

“It’s nothing against the project or the business,” he said. “We need to start weaning ourselves away from federal money, because they’re running out of money too, so we need to stop counting on it all the time.”

To help attract the company, the city of Glasgow approved a $250,000 forgiveable loan to IPP from the Glasgow Economic Development Loan Fund at their regular meeting Aug. 23. This business would join Amneal Pharamceuticals, which is planning to build a new global logistics center in Glasgow. The grand opening of the building on Beaver Trail, previously owned by Johnson Controls, is set for Sept. 27. It is also expected to bring about 50 jobs to the area. The council approved a $400,000 forgivable loan from the GEDL for Amneal in May.

Text Only

Local News

Local artist paints what she loves
When Betty Brogan paints, she is able to escape the humdrum of everyday activity.

February 11, 2012 1 Photo
Tyson to give keynote talk for health conference
Donna Tyson’s enthusiasm for life is apparent with every word she speaks. A motivational speaker for the last 25 years, Tyson travels around the country sharing her story and encouraging others to find joy in their lives.

February 11, 2012
Senate approves redistricting map
The state legislature couldn’t agree on a plan to re-draw Kentucky’s six congressional districts, so the state’s congressional delegation stepped in and Friday the General Assembly finally passed a plan, although not without some angry dissent from a couple of central Kentucky Republican state senators.

February 11, 2012
MORNING UPDATE: GFD responds to car fire
February 10, 2012
Two arrested on criminal trespass, public intoxication charges
February 10, 2012
Tax reform suggestions coming by Nov. 15
Gov. Steve Beshear on Thursday announced the members of a Blue Ribbon Commission on Tax Reform and said it will offer recommendations by Nov. 15 to make the state’s tax system more responsive to changes in the economy and fairer for taxpayers.

February 10, 2012
Released felon arrested again
It was what jail officials were afraid would happen, and in fact they anticipated.

February 10, 2012
More infected bats found in state
White-nose syndrome has been detected in another Kentucky county, but it has yet to be found at Mammoth Cave National Park.

February 10, 2012
Ambulance board OKs outsource billing
After a thorough discussion during Wednesday’s board meeting, the Barren-Metcalfe Emergency Medical Services decided to outsource its billing to AMB-MARS (Medical Accounts Receivable Systems doing business as AMBulance Medical Billing), contingent on AMB-MARS adding a guarantee clause on its work.

February 9, 2012
Teen named local youth of the year
Rayne Triplett has been practicing the speech she will give at the end of the month when she travels to Frankfort to compete for the Boys and Girls Club’s 2012 State Youth of the Year title.

February 9, 2012 1 Photo
More Local News Headlines

Local News

Search Results

Related Photos

Discussion

City, county partner to attract jobs

Site Map