Contact: Dee Dee Harbut, 859.257.7668
Kentucky Small Business Development Center Partners With Cabinet for Economic Development to Continue Procurement Services for Small Businesses
The Kentucky Small Business Development Center (KSBDC) has entered into an agreement with the Cabinet for Economic Development (CED) to continue offering procurement services to small businesses throughout Kentucky. The KSBDC was recently awarded a federal grant of nearly $250,000 which was matched dollar-for-dollar by CED and other local entities. The funding will be used to form the Kentucky Procurement Technical Assistance Center (PTAC). PTAC will employ staff and resources needed to offer procurement technical assistance, training, and government bid notification services.
This program is another tool in the state’s toolkit for small business success. We are dedicated to supporting small businesses throughout the state and this latest announcement fits squarely into our strategy to do so. We are eager to partner with the KSBDC to provide even greater support to small businesses.
- Larry Hayes, Cabinet for Economic Development Secretary
Each year, federal, state and local governments purchase billions in services and supplies but the unending maze of rules and regulations prevent most small businesses from understanding how to capitalize on this lucrative market. The newly formed Kentucky Procurement Technical Assistance Center (PTAC) will help small businesses unravel the maze of regulatory requirements and assist them in marketing and selling to the government.
PTAC can work with any size business, but it has a special interest in working with small disadvantaged; women-owned; HUBZone; and service-disabled veteran-owned small businesses. This is due in part to the government’s obligation to ensure that all firms have an opportunity to participate in contracts that are paid for with tax dollars; as such, they have established goals for PTACs to work with specific small business categories.
KSBDC is elated to be awarded this federal grant and the opportunity to partner with CED. We see this as another avenue to help businesses grow and create economic impact in Kentucky.
- Dr. Becky Naugle, state director of KSBDC
Successful government contracting requires business experience and resources; therefore, PTAC will target businesses with two or more years of operation. PTAC has offices in Lexington and Louisville and will continue to offer services for free or at minimal cost.
For more information about PTAC go to http://ksbdc.org/government-contracting. The Kentucky Small Business Development Center is a network of 15 offices located throughout the state that help existing and start-up businesses succeed by offering high quality, in-depth and hands-on services. The KSBDC is a partner program with the U.S. Small Business Administration (SBA). For more information on how the KSBDC can serve you, visit www.ksbdc.org.