Paducah-based Waterway Innovations has been approved for up to $150,000 in funding from the Kentucky Cabinet for Economic Development’s High-Tech Investment Pool, which is used to build technology-based and research-intensive companies and projects. The award will assist the company in developing two monitoring systems that relay vital information to barge owners and operators. The two systems can provide cost-saving opportunities for barge operators and owners, including more effective use of manpower, reducing insurance premiums, minimizing missed drop-offs and helping avoid barge collisions. A client of the Murray Innovation and Commercialization Center, Waterway Innovations expects to create nine new high-tech jobs paying an average annual salary of $68,000, exclusive of benefits.
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