Housing Authority of Bowling Green to receive $600,000 for small business support
FRANKFORT, Ky. – The Housing Authority of Bowling Green will receive $600,000 in funding for a small business incubator.
The funds will be supplied by the two-year state budget, which legislators signed Monday to benefit local communities. The small business incubator will help low-income, minority and women-owned businesses who need a financial boost to get their business off the ground.
The Legislative Research Commission said Sen. Mike Wilson, who represents District 32 that includes Bowling Green, played a role in securing the funds.
“This is a great investment for our community,” said Wilson. “When allocating public dollars toward worthy causes like this, we can be confident because we are helping driven individuals, giving them a hand up instead of a hand out. There is dignity in having a successful small business, and being the owner of one right here in Bowling Green, I understand the challenges that come with building it. I am grateful for the incredible work of the Housing Authority of Bowling Green and am excited to see how this investment will help make our city stronger.”
According to its website, the Housing Authority of Bowling Green was established in 1965 and provides 598 public housing units in five locations, 36 section 202 units and 20 elderly units in Bowling Green.
“We are very excited about this opportunity for low-income, minority and women-owned small businesses,” said Housing Authority of Bowling Green Director Abraham Williams. “Rent is the single biggest monthly expense for the start-ups we work with through POP-UP, so we are happy to be able to provide a space with affordable rents to enhance these businesses. We are grateful that Senator Wilson was able to secure funding for the small business incubator.”