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Fiscal Court Approves Funding for Sprocket
By West Kentucky Star Staff
MCCRACKEN COUNTY - During Monday's Fiscal Court meeting, McCracken County commissioners voted to provide a matching grant to Sprocket.

Commissioner Eddie Jones made a motion to provide Sprocket with a $100,000 matching grant. The funds will help to build out approximately 8,000 square feet of office space at the Coke Plant on Broadway. The space will be used to create new job opportunities in Paducah through a partnership with Codefi.

During the meeting, Jones said the space could "somewhat be described as a business incubator on steroids."

"It will be perfect for remote workers who already live in Paducah, or who are looking for a place to move to and work as a remote worker in this area." Jones continued, "It's an excellent space for new startups that need advanced technology, and it also provides for that future business that needs to feel confident that there is a labor force with technical training at the ready."

The funding was approved unanimously.

The City of Paducah approved a 20-year forgivable loan of up to $900,000 for the project on December 15, and the McCracken County Public Library has also donated to the project. 

You can see the full meeting below.

    

Published 08:30 PM, Monday Jan. 11, 2021
Updated 06:04 PM, Tuesday Jan. 12, 2021

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