Pikeville Considers Data Center Development with MD Squared Power
Pikeville has signed a memorandum of understanding with MD Squared Power to explore a data center project at Kentucky Enterprise Industrial Park. The initiative could lead to over 190 construction jobs and 40 permanent positions, contributing significantly to local economic growth.
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The City of Pikeville signed a memorandum of understanding (MOU) with MD Squared Power LLC on April 20 to explore the possibility of a data center at Kentucky Enterprise Industrial Park. This MOU initiates a 120-day negotiation period but does not transfer land or commit the city to any terms.
If realized, the project may involve over $250 million in capital investment, creating 190 construction jobs and 40 permanent positions with above-median wages. Final approval would be required from the Pikeville City Commission. The city is also conducting an independent review to inform decision-making and address community concerns regarding utility costs and infrastructure.
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