News & Events
ASHLAND, Ky. — Braidy Industries Chief Executive Officer Craig Bouchard said the company is on track for opening its Atlas mill in 2021 with the company also on schedule for raising the necessary capital.
Bouchard said Tuesday the mill's projected total cost is $1.7 billion. As of Tuesday $300 million has been raised and the majority of the remaining capital needed is now in hand in cash, binding commitments or letters of intent.
"Between the debt and equity markets the total cost of the mill is $1.7 billion," Bouchard said. "In essence that is the raise between debt and equity to pay for it. Braidy Industries has raised over $300 million of cash equity to date. So we have had a tremendous amount of success and we have a very strong interest level from people in negotiating with us for the final pieces."
Bouchard said Braidy is going to be able to raise the remaining capital.
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Chamber of Commerce
ASHLAND, Ky. — The Ashland Alliance is pleased to announce the 40th Annual Community Leadership Development Program schedule is complete, and registrations are now being accepted. The 2019 theme is "Bridging Leadership for 40 Years"
It will take place September 4,11,18, 25, October 2, 9,16, & 25. Day 1, September 4 will begin with a half-day of leadership activities, and a few tours. The program will wrap-up with a leadership workshop and graduation luncheon on October 25.
Each day features different, behind-the-scenes explorations of business, government, education, cultural aspects of our community and a 30 minute leadership component. These are presented through speakers, forums, field trips, training exercises and other activities.
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June 6, 2019
Looking Forward To Tomorrow
Hello from the desk of the Ashland Alliance! I know it has been a few weeks since my last update. I have been on the road and I’m glad to be back in the office and sharing the news of the day. Last week I had the privilege of traveling to Greensville SC with a delegation of 12 people, including 5 Ashland Alliance Board Members, to see firsthand how a community can make a plan, work a plan and change the face of the community they live in. I think the best quote of the trip was from Carlos Phillips, President/CEO of the Greenville Chamber of Commerce. He said, “people here planted the trees knowing they would never see the shade.”
Our trip to Greenville was an important one. Greenville, like Ashland, has underwent economic challenges over the last several decades. Their main industry, textiles, moved away much like Ashland Oil and AK Steel has here. However, this community not only overcame their economic challenges, they built a better version of their city – a special place they call home. They also found an economic anchor in Michelin and BMW that brought hope to their region, much like what we have going on with Braidy. The story of how they did it – how they planned for the future and how they paid for it - is a great lesson for Ashland and Northeast Kentucky.
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