UK’s CEDIK and KSBDC to offer services to Kentucky’s Promise Zone

  • By creekmoremarketing
  • 31 Jul, 2015

JANUARY 13, 2014 – LEXINGTON, Ky.

President Barack Obama has named eight counties in southeastern Kentucky as one of the first Promise Zones, a 10-year designation to focus resources and expertise on communities where, as he said during the announcement, “no matter how hard you work, your destiny feels like it’s already been determined for you before you took that first step.”

The  University of Kentucky College of Agriculture, Food and Environment , through its Community and Economic Development Initiative of Kentucky  and its Small Business Development Center will be among the implementation partners working with the project administrator,  Kentucky Highlands Investment Corporation , to help improve the economy, health and education in Bell, Clay, Harlan, Knox, Leslie, Letcher, Perry and Whitley counties. The counties were hard hit by the coal industry decline.

The partnership is the continuation of what has historically been a highly successful relationship.

“We’ve worked with Kentucky Highlands in the past on regional economic development initiatives,” said Alison Davis, CEDIK executive director. “Their CEO Jerry Ricketts and all their development staff are wonderful. They have tremendous passion for improving all the communities they serve.”

CEDIK staff will be focusing on several aspects of what everyone hopes will be a better future for southeastern Kentucky. Davis and UK Community and Leadership Development Professor Lori Garkovich will jump in almost immediately by leading government officials, small-business owners, nonprofit organizations and local citizens in the designated counties through strategic planning with a “bottom-up” approach.

“We really want to know what the communities hope to get from this opportunity; where they see the future, what types of resources and assets they think they have and how they can build on them,” Davis said.

She said they also plan to help implement a revised American Private Enterprise System in the zone’s school systems over the next five years. Led by the college’s Department of Agricultural Economics and Assistant Dean Quentin Tyler, director of the Office of Diversity, the program’s objectives are to increase students’ knowledge of domestic and global economies and prepare them for an active role in business. In addition, CEDIK will create youth civic engagement leadership programs in at least two counties.

The new leadership program, currently being piloted in Bath County, is designed to guide young people through the intricacies of local and state government and introduce them to the importance of entrepreneurship to their local economy. Another program goal is to create vibrant communities by promoting better health and community arts initiatives.

“By the end of the program, these kids will have a better understanding of their community, the opportunities as well as the obstacles,” Davis said. “We want the youth to help create a place where others would want to live and raise their children.”


In partnership with the Small Business Development Center, CEDIK will also be working with select firms in their early-growth phase on a program called Economic Gardening, which was designed by the Edward Lowe Foundation. The program provides intensive business counseling to a firm’s leaders that includes identifying and prioritizing business opportunities, refining a company’s core business strategies and using social media to connect with customers.


Finally, CEDIK staff will be continuing their efforts in the community health arena by working with the UK Center for Excellence in Rural Health to assist hospitals and health providers in implementing strategies that address the health needs in their communities.

“I believe this (the Promise Zones program) can make a difference if it is a bottom-up approach, where the communities themselves and the local leaders determine what’s best for their unique assets,” Davis said. “I think the emphasis on youth and the emphasis on a diversified economic portfolio will make a difference.”

The Obama administration named five of what will ultimately be 20 Promise Zones; the other four are in Philadelphia, Los Angeles, San Antonio and the Choctaw Nation of Oklahoma.

Contact:
Alison Davis, 859-257-7260


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By Robbi Meisel 20 Feb, 2017
MURRAY, Ky., (Feb. 2017) — Chris Wooldridge, Kentucky Small Business Development Center district director for the Murray State University SBDC and Arthur J. Bauernfeind College of Business, has joined the board of directors of the Foundation for Kentucky Industry.

FKI is a statewide, not-for-profit, with the goal of strengthening manufacturing in Kentucky, a very important economic driver in the commonwealth. FKI’s Board of Directors is comprised of manufacturing, education, economic development and public policy leaders.
Project and program partners currently include LIFT (Lightweight Innovations For Tomorrow), JPMorgan Chase, KY FAME (Federation of Advanced Manufacturing Education), business and public partners.

“We are pleased to announce Chris Wooldridge, District Director of the Kentucky Small Business Development Center at the Murray State University Bauernfeind College of Business, will be joining the Board of Directors of the Foundation for Kentucky Industry. Mr. Wooldridge’s experience and expertise regarding business and economic development will be a great asset to the Foundation’s work of maximizing career opportunities for both Kentuckians and industry in 21st century manufacturing,” according to Mary C. Breeding, President and CEO, Foundation for Kentucky Industry (FKI).

About Murray State University SBDC: Murray State University hosts the West Kentucky Region of the Kentucky Small Business Development Center program.  KSBDC is a network of 12 offices located throughout the state that helps existing and start-up businesses succeed by offering high quality, in-depth and hands-on services. The KSBDC is a partner program with the U.S. Small Business Administration.
For more information on KSBDC services, visit their website, http://www.ksbdc.org/ .
By Robbi Meisel 06 Jan, 2017

LEXINGTON, Ky., (Jan. 5, 2017) – The Kentucky Small Business Development Center significantly contributed to the state and federal economy during the 2014-15 fiscal year, according to an independent study conducted by James J. Chrisman, professor of management, Mississippi State University. The study was completed in June 2016 and shows that small businesses working with the center increased sales and employment figures at a greater percentage than an average business in Kentucky. KSBDC clients increased sales by 14.4 percent versus 3.8 percent, and increased employment levels by 15.1 percent compared to 1.5 percent.

Other findings from the Chrisman study:

  • KSBDC clients created 1,156 new jobs.
  • For every dollar invested in the program, $2.63 returned to the economy.
  • For every dollar invested in KSBDC counseling services, $9.47 returned to the economy.
  • KSBDC clients obtained $58.9 million in financing.
  • KSBDC clients increased incremental sales in Kentucky by $108.4 million.
  • KSBDC clients generated $8.55 million dollars in state and federal tax revenue.
  • Clients gave KSBDC staff a 4.7 on a 5-point scale for knowledge and expertise.
  • Clients recommended KSBDC services 98 percent of the time.

“KSBDC staff work very hard to serve Kentucky small businesses. We are very proud of the results of this independent, third-party research and are very pleased with the impact produced by our network,” said Becky Naugle, state director.

The Kentucky Small Business Development Center, part of the University of Kentucky College of Agriculture, Food and Environment, is a network of 13 offices located throughout the state. The center helps existing and start-up businesses succeed by offering high quality, in-depth and hands-on services. KSBDC is a partner program with the U.S. Small Business Administration. For more information on KSBDC services, visit their website, http://www.ksbdc.org/ .

 

Writer: Roberta Meisel , 859-257-7668

 

UK College of Agriculture, Food and Environment, through its land-grant mission, reaches across the commonwealth with teaching, research and extension to enhance the lives of Kentuckians.

 

By Robbi Meisel 18 Oct, 2016

LEXINGTON, Ky., (Oct. 18, 2016) –The Office of Veterans Business Development recognized Patricia Krausman, director of the Elizabethtown Small Business Development Center, as one of the six most outstanding instructors for the 2016 Boots 2 Business program.

Boots to Business is an entrepreneurial education and training program offered by the U.S. Small Business Administration. It is a training track within the U.S. Department of Defense’s Transition Assistance Program. The curriculum provides valuable assistance for transitioning service members who are exploring business ownership or other self-employment opportunities. The program leads them through the key steps for evaluating business concepts and providing the foundation required to develop a business plan. In addition, participants are introduced to Small Business Administration partners and resources.

The recognition was based on the instructors’ contributions and dedication to the program and to service members, veterans and spouses in their business ownership endeavors. Nominations for this achievement came from Small Business Administration offices across the country.

Krausman has provided business management consulting and training for more than 20 years. In 2009, she developed and served as the director of the Kentucky Small Business Development Center’s Veterans Assistance Program, the resource for veteran business support and advocacy. Additionally, she was chosen as A Veteran’s Small Business Advocate of the Year in 2013 by the Kentucky Small Business Administration. She takes an active role in her work and advocacy, serving as a member of the Kentucky Commission on Small Business Advocacy, the Lincoln Trail Workforce Development Board and the Governor’s Veterans Interagency Task Force. She was awarded the prestigious Kentucky Association for Economic Development Allied Professional of the Year in 2014.

“The Kentucky Small Business Development Center has a long-standing commitment to veterans and veteran-owned businesses. Boots 2 Business is a program specifically designed by the Small Business Administration and its resource partners to ensure that veterans have expert guidance and direction in their path to entrepreneurship,” Krausman said. “It’s an honor to be included in the recognition of outstanding instructors for the national SBA Boots 2 Business program. Veterans are exceptional entrepreneurs, and it is rewarding to have the opportunity to support them in their successful transition to small-business ownership.”

The Kentucky Small Business Development Center, part of the University of Kentucky College of Agriculture, Food and Environment, is a network of 13 offices located throughout the state. The center helps existing and start-up businesses succeed by offering high quality, in-depth and hands-on services. KSBDC is a partner program with the U.S. Small Business Administration. For more information on KSBDC services, visit their website, http://www.ksbdc.org/ .

 

Photo provided by the Kentucky Small Business Development Center –Patricia Krausman. ©KSBDC

 

Writer: Roberta Meisel , 859-257-7668

UK College of Agriculture, Food and Environment, through its land-grant mission, reaches across the commonwealth with teaching, research and extension to enhance the lives of Kentuckians.

 

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