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River View Coal Announces a New $35 Million Facility in Kentucky

 


October 1, 2022 River View Coal LLC, which operates an underground coal mine in Union County, announced it will expand its footprint in the state with a new facility in Henderson County, creating 260 well-paying jobs with a $35 million investment.


Leaders at River View will construct a new 30,000-square-foot facility on 56 acres in Henderson County in response to growing demand. Work on the River View project is expected to begin in April 2023 and be completed by December 2024.


“River View is excited to expand into Henderson County. The coal industry has faced a lot of challenges in recent years, but this project allows us to continue to mine coal for the power producers who care about providing affordable and reliable electricity to homes and businesses,” said River View General Manager Bill Adelman. “Kentucky has many state and local elected officials who have supported investment and growth in our commonwealth. We’re appreciative of their efforts, and the laws they’ve passed, that make expansion opportunities like this one more likely to happen. River View looks forward to what this project means for our miners and Henderson County.”


River View, a wholly owned subsidiary of Alliance Coal LLC, began producing coal in 2009 and is now the largest underground room-and-pillar mine of its kind in North America. The existing operation includes a preparation plant onsite with a throughput capacity of 2,700 tons of raw coal per hour. Currently, River View employs 783 people in Kentucky. Alliance Coal also operates sister mines in Eastern and Western Kentucky, Indiana, Illinois and West Virginia.


To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) today preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $3.4 million in tax incentives based on the company’s investment of $35 million and annual targets of:


- Creation and maintenance of 260 Kentucky-resident, full-time jobs across 10 years; and

- Paying an average hourly wage of $49 including benefits across those jobs.

 

Additionally, KEDFA approved River View Coal for up to $300,000 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA). KEIA allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing.


By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments.


In addition, the company can receive resources from Kentucky’s workforce service providers. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.

 

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