Kentucky highlands invest corp - KY

Ended Formula Grant Awarded

Award ID
SBAHQ24Y0100
Recipient
Awarding agency
Obligated
$432,464

Award facts

Assistance listing
59.046 Microloan Program
Completion date
Funding agency
Office of Capital Access Small Business Administration
Place of performance
London, KY, USA

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

The Kentucky Highlands Investment Corporation received a $432,464 Formula Grant award from the U.S. Small Business Administration's Microloan Program (CFDA 59.046) with a performance period from July 1, 2024 to June 30, 2025. The grant supports the organization's efforts to provide microloans up to $50,000 and technical assistance to small businesses, entrepreneurs, and underserved communities in rural Southeastern Kentucky.

As a certified Community Development Financial Institution (CDFI), Kentucky Highlands Investment Corporation leverages this federal funding to stimulate economic growth, create jobs, and foster sustainable development in economically distressed regions. Through its subsidiary, Kentucky Highlands Community Development Corporation, the organization also utilizes Community Services Block Grant funds from the Department of Health and Human Services to support community economic development projects, including manufacturing expansion and rural revitalization initiatives.

Quick answers

Who received award SBAHQ24Y0100?

SBAHQ24Y0100 was awarded to Kentucky Highlands Investment Corporation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.

How much is award SBAHQ24Y0100 worth?

$432,464 has been obligated on SBAHQ24Y0100.

Which agency awarded SBAHQ24Y0100?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0100, with funding from Office of Capital Access (Small Business Administration).

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