2021-2022 Barren River Area Development District (BRADD)

Scope of Work – Kentucky Small Business Development Center The Barren River Area Development District (BRADD) is establishing a partnership with the Kentucky Small Business Development Center (KSBDC) to pay for a business coach based in Bowling Green that would provide no-cost coaching, consulting, advising, counseling, and training services to start-up businesses, existing businesses, and entrepreneurs. The KSBDC business coach acts as an important extension of our economic development team to assist Bowling Green businesses with technical assistance, advising, counseling, and training to reduce business closures, and help businesses grow. A KSBDC coach can work with businesses one-on-one on business plan development, financial projections, and other technical details that are sensitive or confidential. Securing this partnership leverages partnerships and provides additional services to Bowling Green businesses in a non-traditional way. Agreement Highlights: ? Stakeholder Agreement – The signed agreement will outline the partnership and BRADD’s $75,000/year match to fund a full-time business coach in Bowling Green (including full salary, training, equipment, and access to resources). This match will be counted towards CORE 2022. ? KSBDC will provide a scorecard that will be reported back to BRADD, including total clients served, jobs supported, new business starts, capital infusion, number of coaching hours, number of training events, number of training attendees, success stories, and many other data points.