Small businesses in Kentucky will soon have greater access to critical resources to help them start or grow their businesses and create jobs, thanks to a $659,863 grant to SBA’s Kentucky Small Business Development Center.
The funding was provided under a key provision of the Small Business Jobs Act of 2010 signed by the President last September, which provided $50 million in grants to SBA’s Small Business Development Centers (SBDC) across the country to support job creation and retention within the small business community by providing in-depth business counseling and advice to entrepreneurs and small business owners.
The Jobs Act grants are a one-time funding intended to meet the critical need for business expansion and job creation, and are not intended to replace the core funding or the matching funds that the SBDCs require to sustain the program annually.
The grants are intended to serve Underserved and Rural Markets/International Trade/Healthcare and other High Growth Industries. This one-time only grant to the Kentucky Small Business Development Center will allow it to:
• Increasing key counseling services that include exporting, healthcare and high growth businesses;
• Add the equivalent of three full-time counselors to support central Kentucky;
• Add counseling staff in northern Kentucky and the southeast region;
• Develop a suite of services for independent professionals that will increase their ability to make money in their professions;
• Increase consulting services in strategic planning, new market identification, and for the healthcare support industry; and
• Present eight regional events that provide information on the Job Act and SBA’s services, including support for exporting.
“This is yet another example of the Small Business Jobs Act putting proven tools in the hands of America’s entrepreneurs and small business owners,” said SBA Kentucky District Director Steven R.Ayers. “SBA’s extensive network of about 900 Small Business Development Centers continues to play a critical role in helping them grow businesses and create jobs. I’m pleased that these resources are being delivered quickly to hard-hit states like Kentucky.”