Thursday, November 21, 2024
11/21/2024
<table border="0" cellspacing="0" cellpadding="0"> <tbody> <tr height="266"> <td class="xl78" width="864" height="266">Kentucky Highlands Community Development Corporation (KHCDC) will use CED Social Enterprise funds to expand its existing incubator, Kentucky Highlands Innovation Center for Social Enterprises, resulting in the creation and expansion of social enterprises in the Appalachian region of southeastern Kentucky. The Kentucky Highlands Innovation Center for Social Enterprises project will recruit new and existing social enterprises and deliver business development services and technical assistance to grow viable enterprises that address local needs, and to provide social support and business loans to viable social enterprises that can create and sustain new full-time jobs for low-income individuals and help the target population overcome barriers to achieve self-sufficiency. Specifically, CED Social Enterprise funds will be used to provide loans to participating social enterprises, provide incubator services, capitalize the Self-Sufficiency Loan Fund (SSLF) for employees facing barriers, support a full-time credit union counselor to manage the SSLF, and support staff providing direct services to the social enterprises.  The first social enterprise to be assisted will be American Health Management, Inc., the second largest provider of adult daycare services in Kentucky. Additionally, they allow low-income seniors to live at home with a higher quality of life, allow family members to pursue employment efforts, create job opportunities for individuals with low income, and provide services to reduce barriers to employment. The project will serve 22 rural counties, including 20 Persistent Poverty Counties and 28 designated Opportunity Zone census tracts.  </td> </tr> </tbody> </table>
HHS’ Tracking Accountability in Government Grants System (TAGGS) website provides access to detailed descriptions of grants, loans, aggregated direct payments and other types of financial assistance awarded by the HHS Operating Divisions (OPDIVs) and the Office of the Secretary Staff Divisions (STAFFDIVs).
