OWENSBORO, Ky. (WFIE) - Big Rivers Electric Corporation announced Wednesday it’s moving their headquarters from Henderson to downtown Owensboro.
Officials say this move is a big economic boost for the city with an annual economic impact of more than $100 million for the Greater Owensboro area.
The new headquarters will be located at 700 West Second Street.
Corporation officials say they want to be an “economic engine” in Owensboro, bringing in more jobs.
Big Rivers is owned by three distribution co-ops, including Jackson Purchase Energy, Kenergy, and Meade County RECC
These three co-ops serve 118,000 homes and business across 22 counties in western Kentucky.
“If you look over the last three years, we do business about four and a half million dollars of business in the county we’re located in - Daviess County will be much higher than that,” Bob Berry with Big Rivers Electric Company said. “I think it could be somewhere between two to three times more than that in Daviess County.”
Big Rivers currently employs 120 employees at its headquarters.
Officials tell 14 News they are also looking to move their energy control transmission group to Owensboro as well.
Big Rivers says it’s expecting to relocate in the next year and a half.
You can watch the announcement in the video below:
Henderson Mayor Steve Austin gave the following statement to 14 News on the corporation’s announcement:
“I am extremely disappointed to hear that Big Rivers has decided to move to Owensboro. It’s unfortunate that the company is leaving it’s long time home and possibly placing a burden on the outstanding employees who live in our community. The generating partnership with Big Rivers ended last year but the company has remained an important corporate citizen and one that we tried to keep here in Henderson. This remains a great place for business and we look forward to finding new partners and companies that want to make Henderson their home.”