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

This project is a renovation of 4 businesses (Realtor, Pharmacy, and Chiropractor in the Imperial Building. Additionally 12 market rate apartments & 4 subsidized apartments were created.

The Louisville Urban League Sports & Learning Complex is a $52.22 MM development on a former 24-acre tobacco processing and storage facility in the west end of Louisville.
Investment in manufacturing start-up providing an economic boost for distressed rural Appalachian communities of Kentucky and Tennessee.
NMTC financing helped a small business purpose its building.