CEDET Gets Grant to Provide Technical Assistance Training in Garrard Co.

Photo of CEDET grant

The Center for Economic Development, Entrepreneurship and Technology (CEDET) at Eastern Kentucky University and Garrard County Economic Development Director Nathan Mick recently announced a $21,165 USDA Rural Business Enterprise Grant to provide technical assistance training specifically in Garrard County.

The purpose of the technical training program for emerging and existing private enterprises is to build sustainable businesses in Garrard County by focusing on team building, marketing tactics to increase sales, accounting fundamentals, and expansion. By focusing the technical training on the areas of business growth and sustainability, the program is expected to become a model for other counties that seek to grow their job base, strengthen their business climate, and encourage entrepreneurship.

“Rural Development’s Rural Business Grant program provides funding for rural projects that finance and facilitate development of small and emerging rural businesses,” said Tom Fern, state director for rural development in Kentucky. “I appreciate the opportunity to work with the economic development officials in Garrard County and at Eastern Kentucky University who are working hard to implement this training program for emerging and existing private enterprises to create economic growth and sustainability.”

Kristel Smith, director for entrepreneurial services for CEDET, will partner with Mick, the Garrard County Chamber of Commerce, local officials and businesses to develop the program in Garrard County. Smith is a graduate of the Kentucky Entrepreneurial Coaches Institute, holds an MBA from the University of Kentucky and serves as director for entrepreneurial services for the Eastern Region Innovation and Commercialization Center, which serves 46 counties in Eastern Kentucky.

“New businesses in Garrard County like Mine Shields and Marksbury Farm, expanding businesses like Allison Abrasives and all existing businesses in Garrard County will be eligible to use this Rural Development grant funding to improve business,” Mick said. “This is a great opportunity for Garrard County businesses to leverage training and technical assistance funding through this USDA grant to help maximize their business efficiency. I look forward to working with Kristel Smith, Ian Mooers, CEDET, Rural Development, the Garrard County Chamber of Commerce and Garrard County businesses to continue to help move our community forward.”

The technical training program will operate over a one-year period and participants will develop a plan of action for each of the four components of the program to identify the number of jobs created or saved as a result of the training. Participation is open to businesses that are operating in Garrard County, or plan to open operations in the county.

Published on August 18, 2010