The Kentucky Economic Development Finance Authority on Thursday awarded two Kentucky companies a total of up to $250,000 from the Cabinet for Economic Development's High-Tech Investment Pool.
The projects are expected to create a combined 16 high-tech jobs at an average annual salary of more than $50,000.
Hartford's Gryphon Environmental and Campbell County's Jacobs Automation received funding.
Gryphon was awarded up to $100,000 toward the development of the company's patent-pending technology to filter and de-water municipal and industrial wastewater. Gryphon anticipates that it will create a minimum of seven full-time, high-tech and technical support jobs. Average salaries will be about $50,000.
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Jacobs was awarded up to $150,000 toward the development of the company's automation technology marketed to the packaging, material handling and converting industries.
Jacobs anticipates that it will create a minimum of nine full-time, high-tech and technical support jobs for Kentucky residents, paying an average salary of about $65,000, not including benefits.