Coal news and updates

Energy Capital Economic Development can move forward with work on the Advanced Carbon Products Innovation Center now that the Economic Development Administration has officially awarded a $1.46 million grant.

In June, Phil Christopherson, CEO of Economic Development, said the money has been “set aside,” but that he was waiting for the EDA to “give us an award letter” that will allow Energy Capital to spend the money.

U.S. Secretary of Commerce Wilbur Ross announced the grant award earlier this week.This EDA grant will be matched with $1.46 million in state and local funds, and is expected to help create 40 jobs and generate $15 million in private investment.

“The Trump Administration is fulfilling the President’s promise to America’s coal workers,” Ross said in a press release. “The new Advanced Carbon Products Innovation Center to be located in Campbell County will provide a place for entrepreneurs to research new coal products, develop new industries, and create jobs for the people of Wyoming.”

 

 

Source : https://www.kpvi.com