Economic DevelopmentOverview |
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The Eastern Kentucky Heritage Monument is an Economic Development project that will benefit all of Eastern Kentucky. It is our International Logo. It is the image that will identify our region in the minds of people throughout the world. With the Monument, we are staking the claim that Eastern Kentucky represents the heart and soul of Appalachia. This is a major marketing statement. Portions of other states could justifiably make this claim. But no one has. It needs to be us. The economic development of
Eastern Kentucky must be viewed as a region-wide effort.
A primary function of the Information-Celebration Center at the Monument is to show visitors the many attractions available throughout Appalachian Kentucky. It is a marketing tool for the entire region. The
Monument is not an “end destination” attraction. It
is a staging ground for a trip across the region.
“One
of the aspects of this project that I particularly like is its broad
impact.
The area is already well-organized from a regional perspective.
Creating an internationally known anchor destination like the
Monument will truly benefit many communities.
It is not a parochial project designed to only help local
businesses and politicians.
Its impact will help all of Eastern Kentucky and Appalachia.” -
John Whiteman, Whiteman Consulting LTD, Boulder, Colorado The Monument meets the criteria for Rural Economic Development strategies developed by the economic development experts. a) Entrepreneurial focused: will require the formation new businesses to meet the demands of greatly increased numbers of visitors to the region. b) Asset based: showcases regional strengths c) Collaborative: a regional approach based on shared values d) Comprehensive and integrated: regional, coordinated, economic development e) Community based-Regionally focused f) Sustainable over time g) Creative, Visionary, "outside-the-box" thinking h) Strongly supported by results of professional Feasibility Study The Eastern Kentucky Heritage Monument is an economic development project that will, according to the Feasibility Study (Certec, Inc), have a major impact on the area by: Generating over $63.2 Million for the Kentucky economy Generate over 1,300 jobs Draw over 700,000 visitors per year Be a major landmark, a Magnet Attraction, for Eastern Kentucky Generate over $6.5 Million in State tax revenues Very positive impact on image of Eastern Kentucky World’s largest wind harp and internationally renowned sculpture will bring world attention to the culture and heritage of Appalachian Kentucky It would be fiscally irresponsible not to build the Eastern Kentucky Heritage Monument. |
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