Southeast Kentucky Economic Development Corporation (SKED)
Founded: 1986
Industries: Finance, Financial Services
Headquarter: United States
Last Investment: Grant investment at 14 February 2024 by Truist Foundation
Southeast Kentucky Economic Development Corporation (SKED) is a nonprofit economic development organization established by Fifth District Congressman Harold "Hal" Rogers and community leaders in Southeast Kentucky. Originally covering 27 counties, it now spans 45, focusing on recruiting jobs and industry to Kentucky's Fifth Congressional District.
SKED offers a diverse range of lending opportunities, tailoring business loans to each customer's needs while providing professional guidance and technical assistance. The organization owns the Somerset Rail Park and Enterprise Center at Valley Oak Technology Complex.
With its mission to "Let's Do Business Better," SKED embodies a commitment to fostering economic growth and development within the region, making it an attractive prospect for venture capitalists seeking to support and empower organizations with a strong community impact and a clear economic mission.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Grant | Unknown | 1 | Truist Foundation | 14 Feb 2024 |
Grant | $1.93M | 1 | Community Development Financial Institutions Fund | 10 Apr 2023 |
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