Compromise budget includes path for JCTC manufacturing center - WDRB 41 Louisville News

Compromise budget includes path for JCTC manufacturing center

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Proposed 80,000-square-foot manufacturing and IT center at First and College streets in downtown Louisville Proposed 80,000-square-foot manufacturing and IT center at First and College streets in downtown Louisville

LOUISVILLE, Ky. (WDRB) --  The compromise state budget that House and Senate leaders agreed to earlier this week includes a path for Jefferson Community and Technical College to win funding for its planned $33 million Advanced Manufacturing and Information Technology building in downtown Louisville.

House Speaker Greg Stumbo told reporters in Frankfort on Friday that the agreed budget includes $100 million in new state debt sought by Gov. Matt Bevin for capital projects related to workforce training, according to WDRB’s Lawrence Smith.

In January, Bevin proposed $100 million in bonds to fund unspecified workforce capital projects, such as the JCTC building, through a competitive application process with local matching money as part of his executive budget plan.

“We’re extremely encouraged to see the bond funding included the budget and we are eager to get together our proposal” for the manufacturing center, JCTC spokeswoman Lisa Brosky said Friday.

She said the project “stands a good chance of being funded” because of how employers such as General Electric, Humana and UPS have said it would help them meet their workforce needs and boost the Louisville economy.

In March, WDRB detailed how prominent Louisville businesses had mounted a lobbying campaign for the project:

SUNDAY EDITION | Louisville businesses lobby for downtown manufacturing, IT center

Stumbo said there are "some caveats" with regard to $100 million fund, but he did not elaborate. Details of the budget compromise were not immediately available.

While legislative leaders have agreed to the budget compromise, the full House and Senate still need to approve it on Friday, the last day of the 2016 session. 

Copyright 2016 WDRB News. All rights reserved. 

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