154.1.750 Kentucky Small Business Development Center Network -- Programs and services -- Report to Legislative Research Commission.

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Page 1 of 2 154.01-750 Kentucky Small Business Development Center Network -- Programs and services -- Report to Legislative Research Commission. (1) It is the intention of the General Assembly to generate a substantial increase in the number of new and expanding small businesses in the Kentucky workforce, to <br>foster economic growth in the business sector, and to provide high-quality jobs for <br>Kentuckians. The Kentucky Small Business Development Center Network, part of <br>the National Small Business Development Center Network, is encouraged to extend <br>its wide range of workshops, seminars, and courses for entrepreneurs in cooperation <br>with the public and private sector. Expert instruction shall range from introductory <br>classes designed for start-up businesses to advanced presentations aimed at assisting <br>established companies. (2) As used in this section: (a) &quot;Expanded staff&quot; means consultants to be used exclusively in the small business development centers. All new personnel in the field shall be fully <br>dedicated to consulting and training, with the goal of increasing clients' <br>revenues and job creation capabilities, as well as increasing Kentucky Small <br>Business Development Center Network market penetration by twenty-five <br>percent (25%) over the two (2) year appropriation. (b) &quot;Expanded equipment&quot; means support for these consultants and includes computers and printers, fax machines, and copiers. (c) &quot;Expanded operation&quot; means support for new personnel and includes office furniture, phone and fax expenses, and travel costs for consultants. (d) &quot;Expanded professional development&quot; means the training to ensure that Kentucky small business development center consultants have up-to-date <br>knowledge and information to positively impact new and existing small <br>businesses. (3) Expanded staff, expanded equipment, expanded operation, and expanded professional development shall be used to assist the Kentucky Small Business <br>Development Center Network to increase entrepreneurial training and consulting <br>services, with the goal of increasing the center's impact upon Kentucky's economy. (4) Entrepreneurial training topics include, but are not limited to: (a) Starting a business; <br>(b) Business plan preparation; <br>(c) Marketing, including advertising and public relations; <br>(d) Financial analysis; <br>(e) Tax regulation; <br>(f) Human resource management; <br>(g) Capital management; <br>(h) Global readiness; <br>(i) Marketing plan preparation; <br>(j) Young entrepreneurship; Page 2 of 2 (k) Target market analysis; <br>(l) Quality management; and <br>(m) Production management. (5) The Kentucky Small Business Development Center Network may solicit, accept, receive, invest, and expend moneys from any public or private source for the <br>purpose of implementing this section. (6) The Kentucky Small Business Development Center Network's central office shall present a written report to the Legislative Research Commission in November 1998, <br>setting out its progress towards achieving the goals set out in subsection (1) of this <br>section. Effective: July 15, 1996 <br>History: Created 1996 Ky. Acts ch. 293, sec. 1, effective July 15, 1996.