Business incubator opens in London

Posted: 12:00am on Oct 29, 2010; Modified: 7:49am on Oct 29, 2010

The new energy-efficient center in London has geothermal heating and cooling systems, insulated concrete form walls and a water- permeable parking lot. TOM EBLEN

LONDON — Kentucky Highlands Investment Corp. had an open house Thursday for its new Business Innovation and Growth Center, an energy-efficient building that will rent incubator space to entrepreneurs and start-up companies from its 22-county region in southeastern Kentucky.

The 9,600-square-foot building, which will open in November, will rent office and laboratory space for as little as $150 a month initially as part of a two-year business mentoring program. Kentucky Highlands leaders predict the center will help create 127 jobs and generate $6 million in private investment during its first five years.

The center was built to LEED Silver standards and includes geothermal heating and cooling systems, insulated concrete form walls and a water-permeable parking lot. Funding for the center included nearly $2 million in federal and state grants and loans.

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