Grants and Contracts Details
Description
Scope of Work – Kentucky Small Business Development Center
Kentucky State University is establishing a partnership with the Kentucky Small Business
Development Center (KSBDC) to pay for a business coach based in Frankfort 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 Frankfort 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 Frankfort businesses in a non-traditional way. This partnership provides
technical assistance that may not otherwise be available.
Agreement Highlights:
• Stakeholder Agreement – The signed agreement will outline the partnership and
Kentucky State University’s $50,000/year match to fund a full-time business coach in
Frankfort (including full salary, training, equipment, and access to resources). This match
will be counted towards CORE (account 3200004585).
• KSBDC will provide a scorecard that will be reported back to Kentucky State University,
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.
Status | Finished |
---|---|
Effective start/end date | 1/12/23 → 11/30/23 |
Funding
- KY State University: $50,000.00
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