Kentucky awarded $117M in federal funding to increase access to capital for small businesses
The team at Kentucky Cabinet for Economic Development has been waiting for months to be able to officially share the news that Gov. Andy Beshear announced on Monday in Frankfort.
The Kentucky Cabinet for Economic Development team has been waiting for months for the opportunity to share the Governor's announcement. The award will be distributed in three phases over a period of 10 years and will act as a catalyst to the Kentucky Small Business Credit Initiative 2.0. This award will support venture capital programs and Community Development Financial Institutions, with an intent to help underserved entrepreneurs.