Wednesday, 05 07, 2014
Joe Hall 502-564-4886
Development Council workshop offers free support to small businesses in
FRANKFORT, Ky. (May 7, 2014) – More help is on the
way for small and home-based businesses in eastern Kentucky.
Gov. Steve Beshear today announced the International
Economic Development Council (IEDC) will offer a free one-day workshop on the
“Tools for Supporting Local Businesses for Economic Resiliency” in
Prestonsburg. The workshop will address ways local leaders can better support
small and homegrown businesses in Appalachia.
The workshop, which is free and open to the public, will be
held on Friday, May 9, at the Big Sandy Area Development District in
Prestonsburg. Sign up or learn more here.
“Entrepreneurs are the backbone of Kentucky’s economy,” said
Gov. Beshear. “This event is a great opportunity for our economic development
and community leaders to better understand the needs of our local
small-business owners throughout eastern Kentucky.”
During the workshop, IEDC will provide strategies and tools
to local leaders who work with small businesses to promote expansion and create
more jobs. Growth within these businesses will help the region diversify its
economy and be resilient to future job losses in the coal industry or when
impacted by other disasters.
“IEDC is committed to assisting communities with
preparedness and economic recovery before and after both natural and man-made
disasters,” said IEDC President Jeffrey Finkle. “Whether it is the loss of a
major employer, floods or a hurricane, IEDC works with local communities to
diversify and grow their economy to be resilient to future disasters. One of
our important goals is to respond quickly to community-altering events to aid
communities in becoming more resilient.”
The Tools for Supporting Local
Businesses for Economic Resiliency workshop comes after Gov. Beshear,
Congressman Harold “Hal” Rogers, community leaders and local residents
announced their action plan for eastern Kentucky’s Shaping Our Appalachian
Region (SOAR) Initiative. Among the initiative’s main goals is to increase
business recruitment and incubation in the region.
The workshop follows an
announcement from the Kentucky Cabinet for Economic Development of a new
Kentucky Innovation Network office in Pikeville. The office, one of 13
throughout the state, will provide planning and funding assistance to startup
companies in the Appalachian region.
Kentucky’s 350,000 small businesses employ nearly three
quarters of a million people statewide. That’s nearly 97 percent of all
employers in the state employing half of Kentucky’s private-sector labor force.
According to the Kauffman Foundation Index, Kentucky ranked seventh in the nation
for entrepreneurial activity last year and fifth over the past two years.
The Tools for Supporting Local Businesses for Economic
Resiliency workshop is funded, in part, by a grant from the U.S. Economic
Development Administration, Atlanta Regional Office.
With more than 4,000 members, IEDC is the largest nonprofit
membership organization serving the economic development profession. Through
training workshops, technical assistance projects, monthly web seminars,
research papers and guidebooks, and mentoring, IEDC works with communities
toward disaster recovery and economic resiliency. To learn more about IEDC,
Information on Kentucky’s economic
development efforts and programs is available at www.ThinkKentucky.com. Fans of the Cabinet for Economic Development can
also join the discussion on Facebook
or follow on Twitter. Watch
the Cabinet’s “This is My Kentucky” video on YouTube.