The United States Department of Agriculture Rural Development Kentucky State Director Hilda Legg today announced the Trump administration awarded $54,000 Rural Business Development Grant to Sustainable Business Ventures Corporation to help small businesses and entrepreneurs across Kentucky.
“Small businesses are the lifeblood of our economy, and they’ve been hit hard over the last six months,” said Legg. “Connecting small business owners with on-demand training and coaching will help them survive and thrive. Thanks to the leadership of President Trump and Agriculture Secretary Perdue, USDA Rural Development continues to be a valuable partner in helping rural businesses and communities across the commonwealth.”
Sustainable Business Ventures Corporation will use the grant to provide distance learning and create an entrepreneurial network connecting businesses, educational entities, investors, mentors, technical service providers, professional trainers and consultants. The project will create 20 jobs and save an additional 100 across the 16 counties in the service area (Ballard, Breathitt, Calloway, Carlisle, Elliott, Fulton, Graves, Hickman, Lee, Magoffin, Marshall, McCracken, Menifee, Morgan, Rowan, and Wolfe).
USDA Rural Development provides loans and grants to help expand economic opportunities and create jobs in rural areas. This assistance supports infrastructure improvements; business development; housing; community facilities such as schools, public safety and health care; and high-speed internet access in rural areas. For more information, visit www.rd.usda.gov.