Governor's Office for Local Development
Governor Ernie Fletcher Announces Funding for Henderson and Union Counties

Press Release Date:  Friday, May 26, 2006  
Contact Information:  Samantha Cook
Public Information Officer
1-800-346-5606
 


           Governor Ernie Fletcher and the Governor’s Office for Local Development (GOLD) announced today a $100,000 Community Development Block Grant (CDBG) for Henderson and Union Counties.  Funding will be used for Community Ventures, Inc. for a microenterprise development program.

            “These counties understand how much they can accomplish by working together in a regional manner,” said Governor Fletcher.  “This is a great, deserving project that will provide a great impact on the region.”

            Through a partnership established with the Henderson and Union County Fiscal Courts, Community Ventures, Inc. and The United States Small Business Administration (SBA), residents in Henderson, Union, Webster and McLean Counties will have access to a comprehensive microenterprise development program.  The program will provide beginning, intermediate and advanced levels of training and technical assistance in areas such as business feasibility, business planning, marketing and financial management to low income persons that are interested in starting a business or managing an existing business.

            Senator Dorsey Ridley (D-Henderson) said, “Local economies depend on home-grown opportunities.  This new program will assist the citizens of this area in their entrepreneurial endeavors.”

            Henderson County will contract with Community Ventures Corporation, a non-profit community development organization with over 20 years of experience in developing and implementing programs designed to promote economic opportunities among low-income and minority populations.  Additionally, as an SBA lender Community Ventures will be able to offer different levels of business financing to program participants with loan amounts ranging from $500 to $35,000.

            Representative John Arnold (D-Sturgis) noted, “Projects like these encourage our citizens to forge their own operations, further stimulating economic growth.”

            “The value of proper training cannot be underestimated—it is something which, once attained, can never be taken away from that individual,” said Representative Gross Lindsay (D-Henderson).  “This is an important project for the region.”

            Kentucky's U. S. Congressional leaders continued support of the CDBG program has made the funding available nationally as well as within the commonwealth.  The U.S. Department of Housing and Urban Development makes these funds available through GOLD, which administers the CDBG Small Cities program in Kentucky.

 

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