Glasgow Barren County Economic Development Authority awarded nearly $100,000 grant

GLASGOW, Ky.- The USDA announced today that the Trump administration is awarding a $99,000 grant to the Glasgow Barren County Economic Development Authority. There was a plaque presentation for this announcement Tuesday in downtown Glasgow. 

The grant will help strengthen the local economy and grow small or emerging businesses. 

The funds will be used to create a revolving loan fund for these businesses. Officials estimate that at least five businesses will be helped and 20 jobs will be created. 

U.S. Congressman Brett Guthrie explained the importance for small businesses, especially in rural communities. 

“It really affects people’s lives because people put their lives into these. And people put their lives into these towns and these communities and these cities. So this is an opportunity to really look at the downtown areas of Cave City and of Glasgow and the people that really have a dream,” said Guthrie. 

The overall goal of the fund is to strengthen and diversify the economy of Barren County to increase per capita income and commercial development. 

“It’s a revolving loan fund so although the grant comes to Barren County, the revolving fund means that they pay it back and help others as they move forward,” said Guthrie.