Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Fayette | Henderson | Lakes | McCracken | Warren | Webster

Development Center Helps Small Business, Fuels State Economy

development beshearLEXINGTON, Ky. (1/11/14)— As important economic contributors, small businesses employ more than 40 percent of Kentucky's workforce and represent 98 percent of the state's firms. For nearly 15 years, Becky Naugle has served as director of the Kentucky Small Business Development Center (KSBDC) network, now based within the University of Kentucky College of Agriculture, Food and Environment.
 
"Looking at the mission of the KSBDC, we are helping people start businesses, grow them, become more profitable, and make sure they are successful — supporting the small business owner but also looking at the larger impact they have on the economy," Naugle said.
 
Recent independent research found that small businesses assisted by the KSBDC are growing at a much faster rate than the average Kentucky firm. And, of the businesses receiving services from the KSBDC, 95 percent stated the services were beneficial and 98 percent would recommend them.
 
"We are a very unique network within the state," Naugle said. "We partner with all of the regional universities. We have 15 offices across the state — the plan is you will never be more than an hour away from a KSBDC location. Being a statewide network, we also have a lot of shared resources, so there are so many things that we can do. You really can get services anywhere in the state and usually there is no wait at all — we can get you right in and get you services and support."
 
There is a very important distinction between the KSBDC network and other entities.
 
"We do not lend money and we do not give grants, and in some ways that is very helpful to our clients because we are an objective third party," explained Naugle. "We don't have a vested interest in a loan or a grant for you, but what we can do is really look at what's best for that business owner, help them look at what their capital needs are, and then look at what are the different avenues to approach that."
 
The KSBDC helps businesses understand ever-changing government regulations. And what surprises people the most when they inquire about the KSBDC? Naugle says it is the amount of work the KSBDC does with existing businesses.
 
"We are pretty well known for our startups and we have lots of tools, resources, and guides for individuals who want to start a business, but we also offer a lot of services for existing businesses to consider -- financial analysis, looking at market research, or to help them explore what other resources are out there," Naugle said.
 
For more information about services available from the Kentucky Small Business Development Center network, visit the organization's website at www.ksbdc.org.

SurfKY News
Information provided by Carl Nathe

© Copyright 2014 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story by using one of the social media links below.

Most Read This Week (Site-Wide)

July 18, 2014 2949

Madisonville Man Arrested for Meth in…

in Top Stories by Sheriff Curtis McGehee
July 22, 2014 2318

Madisonville Woman Charged With…

in Top Stories by Madisonville Police Department
July 18, 2014 2271

Hopkins County Health Department Food…

in News by Lisa Miller
July 21, 2014 2039

Five Sent to Hospital After Two-Vehicle…

in Top Stories by Rita Dukes Smith, SurfKY News Director
July 18, 2014 1947

K9 Unit Helps Find Meth in Muhlenberg…

in Top Stories by Sheriff Curtis McGehee

Most Read Stories from Hopkins County

July 18, 2014 2949

Madisonville Man Arrested for Meth in…

in Top Stories by Sheriff Curtis McGehee
July 22, 2014 2318

Madisonville Woman Charged With…

in Top Stories by Madisonville Police Department
July 19, 2014 1024

Local Hip-Hop Artist, Marack, Talks About…

in Top Stories by Amber Averitt, SurfKY News
July 21, 2014 1004

Madisonville Fire Chief Announces…

in Top Stories by Rita Dukes Smith, SurfKY News Director
July 21, 2014 992

Three Injured in Three-Vehicle Collision…

in Top Stories by Rita Dukes Smith, SurfKY News Director

Most Read Stories from Owensboro

July 18, 2014 1618

Owensboro Police Department Reports…

in News by Dennis Beard, SurfKY News
July 21, 2014 984

Portion of Southeastern Parkway Closed…

in News by Beth Cecil
July 22, 2014 643

Alliance for a Drug Free Owensboro and…

in News by Carla Shelton
July 21, 2014 431

Strahan Selected as Cravens Elementary…

in Top Stories by Julie Ellis
July 18, 2014 417

Owensboro Begins Year-Long, Long Range…

in Top Stories by Dennis Beard, SurfKY News

Most Read Stories from Muhlenberg County

July 21, 2014 2039

Five Sent to Hospital After Two-Vehicle…

in Top Stories by Rita Dukes Smith, SurfKY News Director
July 18, 2014 1947

K9 Unit Helps Find Meth in Muhlenberg…

in Top Stories by Sheriff Curtis McGehee
July 18, 2014 1810

Man Injured in Depoy Accident

in Top Stories by Trooper Stu Recke
July 18, 2014 1518

From New York to Greenville, Iron Beam…

in Top Stories by Charles W. Riley II, SurfKY News
July 19, 2014 1441

Cash Mob Descends on Muhlenberg…

in Top Stories by Rita Dukes Smith, SurfKY News Director

SurfKY News Group, Inc. Central Office & Printing Division
1125 Nebo Rd.  •  Madisonville, KY 42431  •  270.452.2249 (fax)
Main Number: 270.452.2727 (phone)  •  Printing Division Direct Line: 270.821.8600 (phone)

SurfKY Owensboro News Bureau
920 Frederica St. / Suite 210  •  Owensboro, KY 42301  •  270.683-8060 (phone)


Contact a member of our staff: www.surfky.com/contact
Copyright © 2014 SurfKY News Group, Inc.  •  Terms of Use  •  Site Map

social 06social 21social 22social 04social 03