Grants and Contracts Details
Description
Scope of Work – Kentucky Small Business Development Center
Louisville Metro is establishing a partnership with the Kentucky Small Business Development
Center (KSBDC) to pay for a business coach based in Louisville that would provide no-cost
coaching, consulting, advising, counseling, and training services to start-up businesses, existing
businesses, and entrepreneurs. This is a 50/50 cost-share arrangement.
The KSBDC business coach acts as an important extension of our economic development team
to assist Louisville 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 Louisville businesses in a non-traditional way. This partnership shares the
cost 50/50 and provides technical assistance that may not otherwise be available.
Agreement Highlights:
• Stakeholder Agreement – The signed agreement will outline the partnership and
Louisville Metro’s $30,000/year match to fund a full-time business coach in Louisville
(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 Louisville Metro, 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 | 12/19/22 → 6/30/23 |
Funding
- Louisville Metro Government: $30,000.00
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