A California-based battery maker is moving its headquarters to Kentucky and plans to build a manufacturing plant in Pike Co. to employ hundreds of workers.
During a news conference on Friday, several leaders across Eastern Kentucky, along with Gov. Matt Bevin and U.S. Rep. Hal Rogers, gathered in Pikeville to make the announcement.
The company, EnerBlu Inc. plans to invest $372 million and create 875 full-time jobs in Eastern Kentucky with the establishment of a production facility in Pikeville.
The company will invest another $40 million and create 110 additional jobs with the relocation of its headquarters to Lexington.
The company is shifting its headquarters away from Riverside, California.
The announcement is welcome news in eastern Kentucky, which has been reeling from a steep decline in the region’s coal industry.