Calendar

Northwest Kentucky is finalizing its travel and marketing plans for the new fiscal year and we would welcome the opportunity to visit with you.  Let us know if you think we should visit your area in the coming months.  Here are some of the areas we will be in later this summer and late fall:

Dallas
Toronto
Chicago
Phoenix
Frankfort, Germany

If your city is already on our schedule, let us know.  We would love to treat you to lunch and dinner!

Consultant Newsletter
May 2008

IGCC Project Receives $150 Million in Incentives

Kentucky is offering millions of dollars of tax incentives if Cash Creek Generation LLC builds its nearly $2 billion coal-fueled power plant in eastern Henderson County.  The project would be eligible for up to $150 million in incentives under Kentucky’s new Incentives for Energy Independence Act (IEIA).

Eligible incentives could include up to 100 percent of sales and use taxes on equipment bought in the state to build the plant, up to 80 percent of severance taxes paid on coal that is used, up to 100 percent of Kentucky income taxes paid and up to 4 percent of gross wages on each employee.

Cash Creek Generation would be an integrated gasification combined cycle power plant that would convert coal into a synthetic natural gas that would be burned to generate electricity. The $1.97 billion plant would employ approximately 250 people to operate the plant at wages averaging $23 per hour. It also would create a peak construction work force of 1,500.

It is described as being "carbon capture-ready," meaning equipment could be attached to it to siphon off carbon dioxide and pump it deep underground to keep it from becoming a greenhouse gas.

Energy Summit a Great Success

The Governor’s Office of Energy Policy, along with Henderson, Union and Webster Counties, recently sponsored a major Energy Summit in Henderson.  More than 350 leaders and executives from across the industry came to learn more about the incredible opportunities for energy independence available here in Northwest Kentucky!

Put Our Energy Team to Work for You!

Northwest Kentucky Forward and the counties it serves have teamed up to form the West Kentucky Regional Energy Team.  This group of more than 60 local energy executives, professionals, and allies has been formed to help prepare the region for the growth of the energy sector and to offer assistance to energy companies looking at locating in the region.