EDMONTON, Ky. — A $616,900 grant is awarded for improvements at a building in the Metcalfe County Industrial Park that will house Pennington Stave & Cooperage LLC (PS&C, LLC). The company will manufacture staves and barrels for bourbon and whiskey production, building on positive momentum in the growing spirits industry in the commonwealth.
Funding comes from the Appalachian Regional Commission (ARC), in addition to $1 million previously awarded from the Community Development Block Grant (CDBG) program and $91,000 in local funds, making the project total $1,707,000.
The CDBG award funded construction, including the costs of electric, water, concrete, sewer, and fixtures in the 30,000-square-foot speculation building that will house the company. The ARC funding will be used for additional utility work and the interior build-out of the building. PS&C LLC will invest $3.5 million in new equipment and create 60 jobs with above-average wages for Kentuckians in the Metcalfe County area.
PS&C LLC expects to have this facility up and running by the end of 2021. Upon completion of the project, they will have the ability to produce 25,000 staves daily using one production line.
The Department for Local Government (DLG) administers ARC funding in Kentucky. Since the beginning of his administration, Gov. Beshear has announced more than $86 million in investment through DLG for more than 200 projects that are helping to update infrastructure, support Kentuckians, and diversify regional economies.
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