Mark Gooch

State chartered commercial bank

Operates as a non-profit corporation

One East Kentucky (OEK) is a privately funded, 501(c)3 non-profit regional economic development organization serving a nine-county area in eastern Kentucky. The region is historically rooted in energy production, especially coal, and continues to be a location for energy extraction and energy-dependent industries, with resources in coal, natural gas, and oil. Eastern Kentucky offers certified industrial parks with utilities, a central location within a one-day drive to major industrial corridors, and competitive corporate costs. The private company is based in Paintsville, KY. The organization recruits industry, investment, and jobs to the region through coordinated economic development strategies in partnership with private businesses, local communities, chambers of commerce, and state agencies. Major energy companies operate locally, supported by infrastructure such as pipelines, railroads, highways, and a large inland port. OEK promotes eastern Kentucky as a low-cost, business-friendly area with a skilled, largely non-union workforce. Workforce training incentives and facilities, such as the Advanced Manufacturing Institute, provide industry-recognized credentials and customized skill development, supporting transitions from traditional sectors like coal mining to manufacturing, technology, healthcare, and call centers. The region has seen growth in technology and call center sectors, supported by high-speed internet initiatives. Healthcare is a growing industry, employing professionals and supported by major health systems and educational institutions. Product development initiatives and revitalization funds have enhanced industrial sites, creating build-ready properties with rail access and infrastructure. OEK provides resources for site selection, workforce information, regional profiles, and investor relations to support business relocation and expansion, emphasizing community involvement, workforce readiness, and infrastructure to foster economic diversification and growth across sectors including aerospace, automotive, energy, food and agriculture, healthcare, technology, call centers, and wood products.

Engages in economic development activities

The Big Sandy Area Development District is a multi-county regional organization serving Floyd, Johnson, Martin, and Pike counties in eastern Kentucky. The private company is based in Prestonsburg, KY. It promotes and coordinates economic and social development through partnerships with local governments, state and federal agencies, and community leaders. The organization administers programs including community and economic development projects, infrastructure improvements, hazard mitigation, and mapping services. It supports local governments in managing industrial parks and fosters job creation and business growth. Key initiatives include the regional Kentucky Works program, which assists low-income individuals transitioning from welfare to employment by providing training, job placement, and employer incentives. The Area Agency on Aging and Independent Living offers services to seniors and disabled residents, such as home care, Medicaid waivers, caregiver support, and legal and Medicare counseling. The organization manages several industrial parks to attract manufacturing and business tenants. The FIRE (Fueling Innovation, Revitalization, and Entrepreneurship) program leverages advanced technology and artificial intelligence to revitalize downtown areas, support small businesses, and stimulate economic diversification in coal-impacted communities.

Business association