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.