Kentucky’s Promise Zone generated $174 million

Excerpted from the Walterboro Press and Standard:

APRIL 30, 2015  | [CEO Jerry] Rickett said since receiving the designation Kentucky Highland Promise Zone, approximately $174 million has been committed to be invested by Kentucky, the federal government and private sector. “We have written 91 letters of support for projects applying for federal funds.”

Since the designation, Rickett said, the United States Department of Agriculture provided a loan to the Knox County Hospital that saved 200 jobs. “Those types of investments have been so critical to helping us maintain the employment we have,” Rickett said. USDA has committed $43 million to projects within the Kentucky Promise Zone.

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