Commerce Cabinet
July 12 Newsletter on Lake Cumberland/Wolf Creek Dam
Friends of Lake Cumberland –
Help Available To Kentucky Small Businesses Affected by
Lower Water Levels on Lake Cumberland
LEXINGTON, Ky. - The U.S. Small Business Administration (SBA) announced that small businesses in Kentucky impacted by low water levels on Lake Cumberland January 1, 2007 and continuing, can get one-on-one assistance in completing their economic injury disaster loan applications (EIDLs).
Business owners in the counties of Clinton, Laurel, McCreary, Pulaski, Russell and Wayne Counties and the neighboring counties of Adair, Casey, Clay, Cumberland, Jackson, Knox, Lincoln, Rockcastle, and Whitley in the Commonwealth of Kentucky and neighboring counties of Campbell, Clay, Pickett and Scott in the State of Tennessee are eligible to apply for these disaster loans from SBA.
Eligible small businesses may qualify for loans up to $1.5 million. The interest rate is
4 percent with loan terms up to 30 years. These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred. These loans are not intended to replace lost sales or profits. SBA determines eligibility for the loans based on the size and type of the business and its financial resources. Loan amounts and terms are set by SBA and based upon applicant's financial condition.
Beginning Monday, July 9th SBA will be visiting in the most significantly impacted communities to issue disaster loan applications and answer program questions. The temporary Disaster Loan Outreach Centers (DLOC) will be open at the following locations and times:
Pulaski County DLOC #1
Center for Rural Development
807 Monticello Street
Somerset, Kentucky 42501
Opens: Monday, July 9, 2007
Hours: Monday – Friday; 9:00AM – 6:00 PM Eastern time, until further notice
Saturday: 8:00 AM – 6:00 PM (July 14, one Saturday only)
Russell County DLOC #2
Charlene Harris Learning Center
848 West Steve Warriner Drive
Russell Springs, KY 42642
Opens: Tuesday, July 10, 2007 (One day only)
Hours: 9:00 AM - 6:00 PM (Central Time)
McCreary County DLOC #3
McCreary County Courthouse
Courthouse Square
Whitley City, KY 42653
Opens: Wednesday, July 11, 2007 (One day only)
Hours: 9:00 AM – 6:00 PM (Eastern Time)
Wayne County DLOC #4
Wayne County Courthouse
East Main Street
Monticello, KY 42633
Opens: Thursday, July 12, 2007 (One day only)
Hours: 9:00 AM – 6:00 PM (Eastern Time)
Clinton County DLOC #5
Clinton County Courthouse
100 South Cross Street
Albany, KY 42602
Opens: Friday, July 13, 2007 (One day only)
Hours: 9:00 AM – 6:00 PM (Central Time)
Completed loan applications must be returned to SBA no later than March 26, 2008.
Anyone unable to visit the Center(s) may obtain an application by calling the SBA's Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the hearing-impaired) Monday through Friday from 8 a.m. to 9 p.m. and Saturday 9 a.m. to 5:30 p.m. EDT.
Business loan applications can also be downloaded from the SBA website at www.sba.gov/services/disasterassistance. Completed applications should be return to the Centers or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX. 76155.
BRAINSTORMING MEETING
Randy Fiveash, Commissioner of the KY Department of Tourism and Hilda Legg with the Governor’s Lake Cumberland Regional Office, recently hosted a small brainstorming meeting in Somerset. The goal was to evaluate what has been done so far this season, what is working as well as what is not working, see what needs to happen for the rest of this season and to make plans for next year.
A lively discussion generated a variety of good short and long term ideas. In the coming days those lists will be compiled and evaluated and shared with this group. We do not claim to have a corner on the market for good ideas so we are open to your suggestions as well. Feel free to e-mail your ideas back to me and I will include them on our list of ideas to evaluate. While no idea is too big or too small, please keep them realistic.
NO PLANS TO LOWER LAKE LEVEL FURTHER
US Army Corps of Engineers Colonel Steve Roemhildt says there are no plans to lower the level of the lake further, and that the situation is improving.
http://www.leesfordmarina.com/content/html/corpsvid.htm
NEW WEB CAM ADDED
Lee’s Ford Marina has added a new webcam. The link is below. Once you open the link click on “View Live Lake Webcam”.
http://www.leesfordmarina.com/
CORPS’ WEEKLY REPORT
None posted yet this week.
NEWS ARTICLES
WEB SITES OF INTEREST
http://duo-county.com/cam_lake01.html
Jamestown Resort Marina, from the motel island looking ESE out to the main lake.
LIVE WEBCAM ON LAKE CUMBERLAND