Southern Kentucky Economic Development Corporation

Somerset KY


Southern Kentucky Economic Development Corporation (SKEDC)"s primary mission is to create jobs in a 27-county region of Southern Kentucky. This mission is enacted through provision of direct loans, small business counseling services, and technical assistance to small business and industry, as well as by offering community and economic development services to local communities.

CDFI Awards for Southern Kentucky Economic Development Corporation


CORE (2001) - $500,000

SKEDC will use its $500,000 CDFI Fund award (loan capital) to re-capitalize its Small Business Loan Fund that promotes business development and the creation of job opportunities in southern Kentucky.



CORE (1998) - $500,000

The CDFI Fund"s investment will be used to capitalize a new loan pool to make loans to very small businesses, with an emphasis on the service and retail sectors.



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