Search

Berea, KY (2020)

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

Related Projects