9-22-10 — With closed and empty houseboat manufacturing facilities located throughout this region, Friday's announcement of $1 million in grant funds to help companies with the transition to include manufactured homes is good news. U.S. Congressman Hal Rogers made the official announcement regarding the Appalachian Regional Commission (ARC)
grant award.
The funding, which will be matched at 50 percent by local sources, will be used to support the Kentucky Highlands Investment Cor-poration's (KHIC) House-boat to Energy Efficient Residences (HBEER)
initiative. This initiative will provide low-interest loans,
technical assistance, and financial support to assist area houseboat manufacturers in expanding product lines to include innovative, energy-efficient homes. This effort will create or save an estimated
30 to 40 jobs throughout the region.
"Lake Cumberland is known as the houseboat capital of the world, but recent economic events have caused this critical industry to struggle
and job opportunities to suffer," said Rogers. "This forward-leaning initiative by Kentucky Highlands is great news for our houseboat manufacturers and will help these vital employers transition to expanding markets while keeping factory doors open. With these
transition funds to design and build environmentally sound, energy efficient homes, ARC and Kentucky Highlands continue to lead the way forward."
In response to the impacts of the Lake Cumberland pool reduction and recent economic downturns, KHIC has partnered with the University of Kentucky (UK) on HBEER. Several houseboat manufacturing facilities in
the region have severely slowed or ceased operations. With UK architects, engineers, and experts providing technical know how, HBEER aims to produce energy-efficient, low-income housing units by refitting local houseboat factories and restarting production lines
while utilizing the existing, skilled workforce. Ultimately, the
project seeks to produce energy-efficient housing and replace homes with high energy costs throughout the Commonwealth.
"We are excited that this has been funded," said Wayne County Judge-Executive Greg Rankin. "We think that down the road this could create
jobs locally and it will help (houseboat manufacturers) find a new market...They have the facilities and the people who can do the work.
If we can help them find the market, then we are all for it."
Local News
September 21, 2010
One million dollar grant awarded for houseboat manufacturing transition
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