FRANKFORT, Ky. — A Floyd County company is moving its headquarters to a new industrial park in Magoffin County, creating 25 full-time jobs in the process.

Gov. Andy Beshear announced the move by Emerald Energy and Exploration Land Company on Wednesday.

The company provides right-of-way land acquisition and project management services. It will relocate from its current location along Route 80 outside of Prestonsburg to become the first tenant of the Gifford Road Industrial Park, which was built along the new Exit 70 on the redesigned Mountain Parkway.

The company cited the expansion of the Mountain Parkway was a deciding factor in its site-selection process, as it opens the region up to new business development and growth.

“The extension of the Mountain Parkway greatly improves access to Eastern Kentucky and positions new and existing businesses to invest, grow and create quality jobs for our residents in the region,” Gov. Beshear said. “This project will benefit Magoffin County and the surrounding area as Emerald Energy continues to grow in the commonwealth. It has been a mission of my administration to create great jobs in Eastern Kentucky, and this is another step toward achieving that goal.”

“Emerald Energy is grateful to be in a position that we can provide opportunities to Eastern Kentuckians entering or returning to the workforce,” said Emerald Energy President Adam Bailey. “Emerald is dedicated to improving the infrastructure of the region by helping utilities provide safe and reliable services. We appreciate the incentives provided by the Commonwealth of Kentucky and Magoffin County and their elected officials for making this possible.”

Emerald plans to building a 10,000 square foot facility on five acres in the industrial park. Construction is expected to begin in early 2024 and be complete by the beginning of 2025.