A nonprofit publication of the Kentucky Center for Public Service Journalism

Mitch McConnell: Families face daunting challenges, but CARES Act helping save Kentucky jobs

Like in other states, Kentucky’s Governor ordered childcare providers to close their doors in response to the coronavirus. Unfortunately, that left essential personnel including healthcare professionals, law enforcement officers and grocery store workers with few options for their kids. Jennifer Washburn, who runs the iKids Childhood Enrichment Center in Marshall County, stepped in to help. She received...

Kentucky farmers now eligible for small business loans to retain employees during pandemic

Amid the COVID-19 pandemic, Kentucky farmers are now eligible to benefit from a new program through the U.S. Small Business Administration (SBA). Until passage of the Coronavirus Aid, Relief, Economic Security (CARES) Act, farmers were excluded from SBA’s emergency loan programs. “Since taking office four years ago, I have always advocated for federal agencies and the public to see our 75,000...

Filing deadline approaching for Small Business Administration disaster loans for 2019 flooding

By Tom Latek Kentucky Today While the U.S. Small Business Administration recently approved low-interest loans to businesses impacted by the coronavirus, an earlier approval will be expiring in less than a month. The SBA is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations that April 29 is the filing deadline...

11th annual Kentucky Celebrates Small Business Awards honors successes across the state

Fifteen small businesses from across the commonwealth received recognition for their exceptional business practices and success at the 11th annual Kentucky Celebrates Small Business Awards Ceremony. Lt. Gov. Jenean Hampton, Kentucky Small Business Development Center state director Kristina Joyce, Small Business Administration acting district director, Robert Coffey and small-business supporters from...

U.S. SBA reminds of deadline to submit loan applications for damages in disaster areas

The U.S. Small Business Administration is reminding Private NonProfit (PNP) organizations in Kentucky of the Jan. 28 deadline to submit Economic Injury Disaster Loan applications for damages caused by the severe storms, tornadoes, flooding, landslides and mudslides from Feb. 21 through March 21, 2018. PNPs located in the following counties are eligible to apply: Boyd, Bullitt, Butler, Caldwell, Campbell,...

Kristina Joyce named newest director of the Kentucky Small Business Development Center

Kristina Joyce, who has more than 30 years of experience in entrepreneurship, business analysis and economic development, has been named director of the Kentucky Small Business Development Center. “KSBDC’s programs reach many in Kentucky with unique and essential services,” said Nancy Cox, dean of the University of Kentucky College of Agriculture, Food and Environment. “We are happy to be the...

Calling all entrepreneurs: State wants to help you compete for federal research, development funds

The Cabinet for Economic Development will receive $125,000 from the U.S. Small Business Administration to launch a program preparing more entrepreneurs to compete for federal research and development funding. The SBA’s Federal and State Technology (FAST) partnership program funds initiatives that increase the number of proposals for Small Business Innovation Research (SBIR) and Small Business Technology...

BACK Construction named Small Business of Year at Commerce Lex’s annual awards luncheon

BACK Construction was named the 2018 Small Business of the Year at Commerce Lexington Inc.’s Salute to Small Business Awards luncheon Friday. The recipient of this year’s Business Success Category Award, BACK Construction was chosen for the honor from five different category winners. The company now has the opportunity to be considered for state and national recognition through the U.S. Small...

Ky. private nonprofit organizations have until June 25 to apply for SBA physical damage disaster loans

The U.S. Small Business Administration is reminding eligible Private NonProfit (PNP) organizations in Kentucky of the June 25 deadline to submit disaster loan applications for physical damages caused by severe storms, tornadoes, flooding, landslides and mudslides from Feb. 21 through March 21. PNPs located in the following Kentucky counties are eligible to apply: Boyd, Bullitt, Butler, Caldwell, Campbell,...

Small Business Administration approves disaster assistance for severe storms in February and March

The U.S. Small Business Administration (SBA) has approved disaster assistance loans for the severe storms and heavy flooding that affected the Commonwealth from Feb. 21 through March 21. SBA will make low-interest disaster loans available to homeowners, renters and businesses who sustained damage during the approved time period. “We are grateful to the U.S. Small Business Administration for making...

Longtime Kentucky Small Business Development Center director Becky Naugle announces retirement

By Carol Lea Spence Special to KyForward Becky Naugle, longtime director of the Kentucky Small Business Development Center, is retiring May 18. After working with the center for nearly 21 years, and as director for almost 20, Naugle has witnessed a lot of changes in the state’s entrepreneurial environment and contributed to many of those changes. The Kentucky Small Business Development Center, part...

Kentucky private NPOs applying for physical damage disaster loans face June 11 deadline from SBA

The U.S. Small Business Administration is reminding eligible private nonprofit organizations in Kentucky of the June 11 deadline to submit disaster loan applications for physical damages caused by a severe storm, flooding, landslides and mudslides that occurred between Feb. 9-14, 2018. Private nonprofit organizations located in the following counties are eligible to apply: Bell, Breathitt, Clay, Estill,...

Ky private nonprofit organizations eligible for SBA disaster assistance from February weather damage

The U.S. Small Business Administration announced today that certain Private NonProfit organizations (PNP) in Kentucky that do not provide critical services of a governmental nature may be eligible to apply for low-interest rate disaster loans. These loans are available following a Presidential disaster declaration for Public Assistance resulting from damages caused by severe storms, flooding, landslides...

Kentucky Small Business Development Center recognizes staff achievements at annual conference

By Natalie Cunningham Special to KyForward The Kentucky Small Business Development Center recognized staff members for their achievements at the annual fall conference held in Lexington. The center’s state director, Becky Naugle, and the U.S. Small Business Administration’s Robert Coffee presented the 2017 Spirit Award to the Murray State University SBDC. The award recognizes the center that demonstrated...

Small Business Administration now accepting 2018 national Small Business Week Awards nominations

The U.S. Small Business Administration is now accepting nominations for its 2018 National Small Business Week Awards, including the annual Small Business Person of the Year. Since 1963, National Small Business Week has recognized the outstanding achievements of America’s small businesses for their contributions to their local communities, and to our nation’s economy. The dedicated website at www.sba.gov...

Kentucky awarded $530,000 grant to assist small businesses with international markets

Kentucky’s small businesses can apply for a portion of a $530,000 State Trade Expansion Program (STEP) grant, received through the U.S. Small Business Administration, to help companies begin exporting or boost current international sales, Gov. Matt Bevin announced Wednesday. “Small businesses are the backbone of Kentucky’s economy, and we are excited to see the doors of opportunity that these...

SBA sets Aug. 15 deadline to apply for working capital loans due to October 2016 drought

The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations that Aug. 15 is the filing deadline for federal economic injury disaster loans in Kentucky as a result of the drought that began on Oct. 4, 2016. The loans are available in the following counties: Allenn, Bell, Christian,...

STEP grants available for small businesses in Kentucky looking to grow international sales

For Kentucky small businesses looking to begin or grow their international sales, funds are still available through the State Trade Expansion Program (STEP). STEP grants, administered by the Kentucky Cabinet for Economic Development and awarded by the U.S. Small Business Administration, reimburse up to $5,000 in expenses of small businesses as they seek foreign trade opportunities. “For small businesses...

Murray State’s Small Business Development Center awarded full accreditation after review

Murray State University’s Small Business Development Center recently received its full accreditation after the yearlong review of the statewide Kentucky SBDC network. The accreditation is required by the United States Small Business Administration as a condition of funding and to ensure quality service delivery. The accreditation team consisted of individuals from three states and was facilitated...

State receives $467,000 grant to aid small businesses export Kentucky products, services abroad

Gov. Matt Bevin announced that Kentucky has received a $467,000 State Trade Expansion Program (STEP) grant from the U.S. Small Business Administration, saying it will help the Commonwealth’s small businesses find broader markets for their products and services. “STEP funding is an important part of our efforts to help Kentucky’s small businesses thrive by marketing their goods and services outside...