60 new high paying jobs could be coming to Pike County

By: Angela Sparkman Email
By: Angela Sparkman Email

Pike County leaders say an Fortune 500 energy company wants to locate on the Scott Fork property on U.S. 119, but they will not say who it is.

"We have a confidentiality agreement with this corporation," said Pike County Judge Executive Wayne T. Rutherford.

Rutherford says state and local officials are working with the Fortune 500 company to negotiate a deal. He says the county will do whatever it takes to get the company to Eastern Kentucky.

"Make severance available for economic development. Let us do site preparation then bring their package together so they can locate in Pike County, Kentucky," he said.

Officials say the energy company would create 60 new jobs that paid around $60,000 salary.

Chamber of Commerce leaders say the new money in town from the new jobs could lead to even more businesses locating in Eastern Kentucky.

"A dollar spent in your area will turn over five times. The more people you have with good paying jobs can attract new retailers, new restaurants, and you're seeing that in the local economy now," said Brad Hall with the Southeast Kentucky Chamber of Commerce.

Officials estimate the energy company could have a nearly four million dollar economic impact to the region.

Leaders say it will be at least a month before they know if the company will locate on the Scott Fork property.

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