Contact: Dee Dee Harbut, 859.257.7668
Kentucky Small Business Development Center Partners With Cabinet for Economic Development to Continue Procurement Services for Small Businesses
The Kentucky Small Business Development Center (KSBDC) has entered into an agreement with the Cabinet for Economic Development (CED) to continue offering procurement services to small businesses throughout Kentucky. The KSBDC was recently awarded a federal grant of nearly $250,000 which was matched dollar-for-dollar by CED and other local entities. The funding will be used to form the Kentucky Procurement Technical Assistance Center (PTAC). PTAC will employ staff and resources needed to offer procurement technical assistance, training, and government bid notification services.
This program is another tool in the state’s toolkit for small business success. We are dedicated to supporting small businesses throughout the state and this latest announcement fits squarely into our strategy to do so. We are eager to partner with the KSBDC to provide even greater support to small businesses.
– Larry Hayes, Cabinet for Economic Development Secretary
Each year, federal, state and local governments purchase billions in services and supplies but the unending maze of rules and regulations prevent most small businesses from understanding how to capitalize on this lucrative market. The newly formed Kentucky Procurement Technical Assistance Center (PTAC) will help small businesses unravel the maze of regulatory requirements and assist them in marketing and selling to the government.
PTAC can work with any size business, but it has a special interest in working with small disadvantaged; women-owned; HUBZone; and service-disabled veteran-owned small businesses. This is due in part to the government’s obligation to ensure that all firms have an opportunity to participate in contracts that are paid for with tax dollars; as such, they have established goals for PTACs to work with specific small business categories.
KSBDC is elated to be awarded this federal grant and the opportunity to partner with CED. We see this as another avenue to help businesses grow and create economic impact in Kentucky.
– Dr. Becky Naugle, state director of KSBDC
Successful government contracting requires business experience and resources; therefore, PTAC will target businesses with two or more years of operation. PTAC has offices in Lexington and Louisville and will continue to offer services for free or at minimal cost.
For more information about PTAC go to http://ksbdc.org/government-contracting . The Kentucky Small Business Development Center is a network of 15 offices located throughout the state that help 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 (SBA). For more information on how the KSBDC can serve you, visit www.ksbdc.org .
LEXINGTON, Ky., (Feb. 14, 2017) – Kentucky Small Business Development Center is seeking nominations for the 2017 Pacesetter Awards. The recognition program was created to honor high performing, second-stage businesses that are changing Kentucky’s economic landscape. The deadline to submit nominations is March 15.
KSBDC encourages small businesses that meet the following minimum qualifications to apply:
· Privately held
· In business for three or more years
· Employ six or more full-time employees, including the owner
· Annual sales meet or exceed $500,000
· Located and headquartered in Kentucky
·Demonstrate the intent and capacity to grow evidenced by the judging criteria.
Pacesetters will be selected based on two or more of the following criteria:
· Growth in the number of employees
·Increase in sales and/or unit volume
· Innovativeness of the product or service
·Response to adversity
·Employee engagement and commitment
·Contributions by the nominee to aid community-oriented projects
Pacesetters will be recognized at the Kentucky Celebrates Small Business event held at the Capitol rotunda in Frankfort during the first week of May. Each honoree will receive an award inscribed with the business’s name and a promotional video for their own use that highlights the business. In addition, KSBDC will send a customized press release announcing the award to local media and trade associations. Honorees are given the rights to use the Kentucky Pacesetter logo and event photographs in promoting their business.
Anyone may submit nominations, including third parties associated with an eligible second-stage business. A business may self-nominate by completing the required form. Winners will be notified by March 27. Full nomination requirements and the application are online at https://www.ksbdc.org/kentucky-pacesetters1 .
The Kentucky Small Business Development Center, part of the University of Kentucky College of Agriculture, Food and Environment, is a network of 12 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. More information on KSBDC services can be found on their website, http://www.ksbdc.org/ .
Writer: Roberta Meisel, 859-257-0104
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.