In an attempt to stimulate the economy of coal-depressed Kentucky counties, state and federal officials Frday announced the formation of the Partnerships for Opportunity and Workforce and Economic Revitalization (POWER) initiative, "which will award up to $38 million in grants to coal communities to support economic and workforce development," says a release from the state.
The release said the initiative is designed to use federal economic and workforce development resources to diversify economies; create jobs in new or existing industries; attract new sources of job-creating investments; and provide a range of workforce services and skills training that offer industry-recognized credentials for high-quality, in-demand jobs.
The U.S. Department of Agriculture also announced approval of a $1.8 million loan for a new innovative business in Eastern Kentucky, the region hit the hardest by the loss of coal jobs. (Read more)
The release said the initiative is designed to use federal economic and workforce development resources to diversify economies; create jobs in new or existing industries; attract new sources of job-creating investments; and provide a range of workforce services and skills training that offer industry-recognized credentials for high-quality, in-demand jobs.
The U.S. Department of Agriculture also announced approval of a $1.8 million loan for a new innovative business in Eastern Kentucky, the region hit the hardest by the loss of coal jobs. (Read more)
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