Berea College Lock 12

Berea,
KY
(2020)

Berea College Lock 12

Adult Education, College or Vocational Training, Community, Rural, Vocational Training

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

Community Ventures, Midwest Renewable Capital

Investor

Unknown

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

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