The Economic Development Administration (EDA) awarded a $684,700 Project Grant to the Foundation for Appalachian Kentucky to support the formation and implementation of a professional, member-managed angel investment fund. This fund will provide financial and intellectual capital to the emerging entrepreneurial ecosystem in Southeast Kentucky. The project aims to increase leadership and community capacity for entrepreneurship, support the growth of small businesses and tech startups, and expand the region's economic base to promote greater economic resilience. The grant is funded through the EDA's Economic Adjustment Assistance (CFDA 11.307) program, which provides technical, planning, and public works assistance to regions experiencing adverse economic changes.
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