Skip to content

IDA Finalizes Plans for TVA Funds

Members of the McCreary County Industrial Development Authority (IDA) voted during their August meeting to use their third and final year of RDAAP-TVA funds to complete office space at the spec building in Pine Knot.

By Eugenia Jones
eugenia@highland.net

Members of the McCreary County Industrial Development Authority (IDA) voted during their August meeting to use their third and final year of RDAAP-TVA funds to complete office space at the spec building in Pine Knot. The funding, in the amount of approximately $153,846.00, will be used for completion of the interior front part of the spec building along with the addition of restrooms to the facility. Once completed, the large interior area will serve as temporary office space for the IDA.
In addition to serving as office space, the finished area will be designed to accommodate training programs such as Teleworks USA. Teleworks USA is an innovative program bringing cutting-edge telework (work-from-home) employment opportunities to jobseekers, especially those in rural areas and small towns, allowing them to participate in the global economy without relocating. Teleworks USA and local officials have shown a mutual interest in establishing a training hub in McCreary County. During the meeting, IDA Director Nathan Nevels informed members that Teleworks has agreed to temporarily reduce their annual licensing fee of $77,000 covering the cost of curriculum, training of managers, job fairs, marketing, and advertising to $40,000. Nevels also noted McCreary County is one of the counties included in a grant application seeking funds to help establish the Teleworks program in local communities.

The McCreary County IDA will meet again on September 14 at 6:00.

 

 

Leave a Comment