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January 15, 2010

Hal Rogers to break ground for Ky. Highlands business incubator

Times-Tribune Staff Report

Fifth District Representative Harold “Hal” Rogers will be in London this afternoon to break ground for a business incubator at Kentucky Highlands Investment Corporation (KHIC).

The event will be at 3 p.m. today at the KHIC office at 362 Old Whitley Road (KY 1006, just south of KY 192 on the left).

The incubator is the first such facility to be built to the “Silver Standards” of Leadership in Energy and Environmental Design (LEED).

The 9,000 square-foot facility on an acre of ground next to the KHIC building will be called the Business Innovation and Growth (BIG) Center.

It will provide potential entrepreneurs help at the facility in the form of technical assistance, training and financial counseling.

It will include space for product development, offices and laboratory research.

In its first three years, the center is expected to create 127 new jobs for 16 businesses.

It is also thought to generate $6 million in private investment over the next five years.

Also scheduled to participate in the ground breaking are Deborah Clayton, Kentucky Department of Commercialization and Innovation commissioner; USDA Rural Development Director Tom Fern, local entrepreneurs and community leaders.

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