Jerry Rickett,
Executive Director

362 Old Whitley Road
P.O. Box 1738
London, KY 40743-1738

Phone: (606) 864-5175
Fax: (606) 864-5194

khicnet@khic.org
www.khic.org

Counties Served: Bell, Clay, Clinton, Harlan, Jackson, Laurel, McCreary, Rockcastle, Wayne, Whitley

Incorporated: 1968

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STRATEGIES & ACCOMPLISHMENTS

Venture Financing
The core of Kentucky Highlands Investment Corporation's (KHIC) activities is providing financing for new and expanding businesses. Five types of financing are available to companies willing to locate in its service area: 1) equity capital; 2) secured term loans directly from KHIC or through its small business investment company, Mountain Ventures, Inc.; 3) revolving lines of credit, unavailable to small businesses locally; 4) loans up to $250,000 for fixed assets and working capital; and 5) loans up to $35,000 for micro-enterprises.

Entrepreneurial Support and Training
KHIC provides technical assistance to entrepreneurs. For new businesses, KHIC supplies space in one of its business suites, and helps with the business planning process. For established businesses, it guides management teams through the strategic planning process. In 2000, KHIC provided technical assistance to 15 development organizations and 81 companies. It also provides management assistance to businesses in which it invests.

KHIC makes training available too, recently enhanced by a distance-learning center equipped with interactive video capabilities and a 15-station computer laboratory. KHIC can now originate training programs from its offices and participate in programs from other sites. In 2000, KHIC sponsored the "Tuesday Evening with an Entrepreneur" program, a video conference on entrepreneurship at 12 sites and attended by more than 200 people.