ASHLAND, Ky. — The U.S. Commerce Department awarded a $2 million grant to King’s Daughters Medical Center in Ashland, Ky., to purchase upgraded equipment and support expansion efforts.
This Economic Development Administration (EDA) grant to the Ashland Hospital Corp. will be matched with $500,000 in local investment, is expected to create 250 jobs, and generate $1 million in private investment.
This project was made possible by the regional planning efforts led by the FIVCO Area Development District, which EDA funds to bring together the public and private sectors to create an economic development roadmap to strengthen the regional economy, support private capital investment and create jobs.
This project is funded under the Assistance to Coal Communities (ACC) initiative, through which EDA awards funds on a competitive basis to assist communities severely impacted by the declining use of coal through activities and programs that support economic diversification, job creation, capital investment, workforce development, and re-employment opportunities.
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