Kentucky Gov. Andy Beshear announced Thursday that the state has recovered a $15 million investment in a company that was to build an aluminum plant in northeastern Kentucky.
The $15 million was appropriated through legislation passed in 2017 related to Braidy Industries’ investment plans to build aluminum plants in Boyd and Greenup counties. The project never materialized.
The governor also said land previously acquired as part of the proposed project will be donated to the local community for use in future economic development opportunities as part of a larger land deal under negotiation. I got
“Given the current economic momentum we are experiencing across the state, we are confident that we will be able to secure significant projects at this facility as it is a great location for potential employers,” Beshear said at a press conference. “, and the announcement was “It’s been a long time.”