"We look forward to working with Kirby and his talented staff," said Greg Jones, executive director of the Southern Kentucky Economic Development Corp., one of a collaboration of groups involved in the creation of the complex. "It's always a pleasure to work with the best in the business, and they're right here in Somerset where we need them to be. The complex's image is in good hands with KSD."
After comparing KSD to firms around the state and region, Jones said he feels confident that the Somerset business of 17 years is "uniquely qualified" to capture the complex's image through an interactive CD-ROM, a state-of-the-art brochure, signage, placards and more.
"We are excited to be chosen to work on the Valley Oak Technology Complex," said Kirby Stephens, president of KSD. "As businesses begin to locate in the complex, it will signal a reversal of the technology 'brain drain' that has limited Pulaski County's growth for many years.
The jobs that will be available with this technology complex will begin to encourage many of our brighter young people to stay at home or to come back home once they have finished college."
Ground breaking ceremonies for the complex will be held Tuesday, Sept. 3, at 11am at the complex site on Ky 461. US Rep Hal Rogers will be the keynote speaker.
Valley Oak is a 150-acre regional business park designed to attract technology-intensive, knowledge-based companies to Pulaski County. Jones has said that his goal is to attract 1,000 good paying, technology-based jobs in Pulaski County within 10 years.
Federal, state and local governments have collaborated to make the complex possible. Funding for the $2.5 million Small Business Association grant, a $500,000 Kentucky Transportation grant, and a $500,000 grant from the Pulaski County Development Foundation.
Planned facilities include a multi-million dollar, modern office building suitable for research and development, professional office suites, or use as a large-scale information processing center. There are also plans to include an on-site child care service and a telecommunications training/conference center.
Along with SKEDC, other community partners include the Somerset Pulaski County Development Foundation and The Center for Rural Development.