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KHIC was formed in 1968 to stimulate growth and create employment opportunities in a nine-county region of Southeastern Kentucky. In 2003, KHIC expanded the service area to 22 counties. The firm's mission is to retain employment opportunities in Southeastern Kentucky through sound investments and management assistance. Since its inception, KHIC has helped 220 businesses finance $178 million and create more than 22,000 jobs. KHIC makes equity investments and assists businesses in developing financing packages as small as $500 to investments up to $10,000,000. In addition to equity investments, KHIC also offers loan programs, management assistance, industrial development assistance, and The KHIC Energy Boot Camp, an intensive, performance-based Entrepreneurial training and mentoring program. KHIC's Business Innovation & Growth Center, the first LEED-certified business accelerator in the state, includes 9,600 square feet of product development, office and laboratory space for area entrepreneurs. The Center is expected to assist 16 businesses, help create 127 new jobs and generate $6 million in private investment during the first five years.
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