Kenergy assists new and expanding businesses and industries in financing job-creation projects through the Rural Utilities Service zero-interest loan program. Minimum and maximum loan amounts are $10,000 and $1,000,000 respectively.
Interest on the loan is zero percent (0%) for 10 years. All loans must be approved by the Kenergy Board of Directors in accordance with its policy. Also, the loan must be secured by a bank letter of credit, also approved by the Kenergy Board of Directors.
Kenergy offers two tuition-only scholarships for the Kentucky Institute of Economic Development (KIED) to economic development professionals and community leaders.
Funding is available to local Economic Development organizations employing a full-time director in one of the following counties: Caldwell, Crittenden, Daviess, Hancock, Henderson, Hopkins, Lyon, McLean, Ohio, Union or Webster. A semi-annual activity program report is required to receive funding.
For more information, please contact:
(270) 831-4640 or (800) 844-4832
PO Box 18
Henderson, KY 42419
(270) 689-6158 or (800) 844-4832
PO Box 1389
Owensboro, KY 42302