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Reading: SOAR AWARDED $40 MILLION FEDERAL INVESTMENT TO ‘CONNECT’ EAST KY. TO GOOD JOBS
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TheLevisaLazer.com > Blog > Regional News Headlines: Daily News Briefing > SOAR AWARDED $40 MILLION FEDERAL INVESTMENT TO ‘CONNECT’ EAST KY. TO GOOD JOBS
Regional News Headlines: Daily News Briefing

SOAR AWARDED $40 MILLION FEDERAL INVESTMENT TO ‘CONNECT’ EAST KY. TO GOOD JOBS

CRYSTAL STALEY
Last updated: August 5, 2024 7:56 pm
CRYSTAL STALEY
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Gov. Beshear Celebrates $40 Million Federal Investment To Connect Eastern Kentuckians to Good Jobs

Shaping Our Appalachian Region earns funding award; Governor recommended plan for approval

FRANKFORT, Ky. (Aug. 5, 2024) – Today, Gov. Andy Beshear celebrated a $40 million award from the Biden-Harris administration to Shaping Our Appalachian Region (SOAR) to connect Eastern Kentucky residents to resources and training for good jobs.

The funding was awarded through the U.S. Department of Commerce’s Economic Development Administration (EDA).

“This investment will ease barriers to employment and support the hardworking people of Eastern Kentucky,” said Gov. Beshear. “This is a region that deserves our country’s thanks and investment. The people of Eastern Kentucky mined the coal that powered our country through two world wars and helped build the strongest middle class the world has ever seen. We’re grateful to the Biden-Harris administration for prioritizing investment in our region and our people.”

In December 2023, SOAR’s Eastern Kentucky Runway Recompete Plan was named one of 22 finalists as part of Phase 1 of the Distressed Area Recompete Pilot Program. This program targets areas where prime-age (25-54) employment is significantly lower than the national average, with the goal of closing this gap through flexible, locally driven investments. Gov. Beshear submitted a letter of recommendation on SOAR’s behalf.

As one of six awardees selected for implementation funding, SOAR’s plan will advance local industries, small business support and job placement for people in recovery, former coal workers and others across 12 counties: Bell, Floyd, Harlan, Johnson, Knott, Knox, Leslie, Letcher, Magoffin, Martin, Perry and Pike. The plan will grow employment in remote jobs and expand pathways into higher-paying careers, especially in the health care, energy and technology sectors.

“The Biden-Harris administration’s Investing in America agenda is about ensuring every community in Kentucky and across the country has the resources and support to grow and thrive,” said U.S. Secretary of Commerce Gina Raimondo. “The investments in Kentucky’s Runaway Recompete Plan will create jobs, enhance workforce development efforts in high-growth industries, and grow local small businesses to help revitalize communities across Eastern Kentucky.”

“Through partnership with local communities, the Recompete program will make targeted, community-led investments to reduce unemployment,” said U.S. Assistant Secretary for Economic Development Alejandra Y. Castillo. “The Recompete awardees are bringing together a wide range of partners to develop integrated approaches to support Americans in accessing good jobs.”

This program was authorized by the bipartisan CHIPS and Science Act, a key part of the Biden-Harris administration’s Investing in America agenda. The statute authorized $1 billion for the program. To date, EDA has been appropriated $200 million for the program.

Learn more about the Recompete Pilot Program at eda.gov/Recompete.

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