WMKY

Rowan County Budget Adjustment

Aug 14, 2014

The Rowan Fiscal Court has adjusted its 2014—15 budget after getting a one-million dollar community development block grant from the state.

Judge-Executive Jim Nickell says the county will be a “pass-thru” agency for the cash, which will be given to the Morehead-Rowan County Economic Development Council, which will turn around and lend it out immediately…

According to Nickell, the EDC can use the money for helping to attract other new companies to Rowan County by offering them loans for equipment purchases, debt reduction or other purposes. American Stave makes wooden slats for barrels. Its Rowan County facility will open next year and it’s expected to eventually employ nearly 70 people.