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  • Berea,
  • KY
  • (2020)

Berea College Lock 12

District: Andy Barr (R-KY06)

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

CDEs

,

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.

External Profile
External Profile 2

MAP

Address: 101 Chestnut Street, Berea, KY 40403

Census Tract: 21151011301

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