Ashland Alliance

Advanced battery maker plans $412 million investment with 975 jobs in Pikeville and Lexington

FRANKFORT, Ky. – Pikeville will get 875 jobs paying an average of $39 per hour when a planned $372 million advanced battery manufacturing facility opens in the next few years. Power solutions provider EnerBlu Inc. will first place it’s $40 million headquarters and research and development operations in Lexington, creating an additional 110 jobs paying an average of $52 per hour.

State officials approved economic development incentives for the project in Frankfort, bringing the promise of significant well-paying jobs to a section of the state that needs it most.

To help attract EnerBlu to Eastern Kentucky, the Kentucky Economic Development Finance Authority Board approved $30 million in tax breaks over the next 15 years if the company fulfills its plans to invest and create full-time, permanent jobs.

READ MORE ON THIS STORY AT LANEREPORT.COM

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