Berea College Lock 12

Berea College deciding to offer more scholarships decided to add onto Lock 12 (dam) to create and sell their electricity. By doing so, there is a $2,000,000 annual savings to spend on current and future scholarships.

Investment

  • NMTC Amount: $18,715,000
  • Total Project Cost: $23,415,000

IMPACT

  • 5 FTE jobs
  • 5 construction jobs

Investor

Project Description

Berea College deciding to offer more scholarships decided to add onto Lock 12 (dam) to create and sell their electricity. By doing so, there is a $2,000,000 annual savings to spend on current and future scholarships.

MAP

Address: 101 Chestnut Street, Berea, KY 40403

Census Tract: 21151011301

Other Kentucky Projects

TPG Plastics is a manufacturer of portable plastic gas and water cans. The project has provided the Company with funds for a spout assembly machine at close. This project is

This NMTC project rehabilitates seven properties along Main Street, primarily the old jail building in Knott, into a climate-controlled bus waiting area to allow for expanded transportation options. It also

The Welcome House, Inc., which serves eight counties in Northern Kentucky, has a 40-year track record of meeting the needs of the homeless and those living in poverty who are

Construction of two buildings on Midland Avenue and East Third Street, in the East End neighborhood of Lexington, Kentucky.