TheTimesTribune.com, Corbin, KY
Times-Tribune Staff Report
Kentucky Highlands Investment Corporation (KHIC) dedicated its new business accelerator Business Innovation and Growth (BIG) Center Tuesday.
KHIC began in 1968 stimulating economic growth in southern and eastern Kentucky and serves 22 counties.
At a ribbon cutting that included Congressman Hal Rogers, KHIC President & Chief Executive Officer Jerry Rickett said, “This center and its programming will help the region build a more entrepreneurial economy, increase jobs and attract private investment.”
The business accelerator, the BIG Center is 9,600 square feet, has space for product development, office space and laboratory space for local businesses.
Currently 10 organizations are involved.
A press release states that it will soon be able to assist 16 businesses, help create 127 new jobs and generate $6 million in private investment in its first five years.
Rogers said, “This facility is all about creating jobs and helping entrepreneurs launch their businesses at a lower cost.”
Jim Carroll, director of the center, said, “Small businesses are the big jobs creators in this country.” He added that the center and its programs will stimulate innovation and motivate young business persons and experienced business leaders to create companies and jobs in this part of the state.
Startup companies include: B2 Solutions that developed software to automate and streamline FDA approvals to speed new drugs to the market.
Virtual Interactive Group provides services to businesses who want to take advantage of Internet marketing and social media.
Buswell Energy has designed energy efficient inductive devices, electric transformers, ballasts, chokes, coils and inverters.
Voice-Out is a software company founded by a Berea College student.
The Tumbler is a company with a patented design for a multi-purpose piece of children’s furniture.
Southeaster KY E-Scrap collects and recycles electronic waste such as computers and computer components.
Sanders Recycling manages the collection and recycling of cardboard and other material waste.
DSM Solutions has developed a multi-function personal security device that locks public restroom doors while giving the convenience of adding a hook for purses and briefcases and a handle to help people stand up.
EcoTrue develops energy-efficient home designs and components for homeowners looking to lower home energy bills.
The building was built to the Leadership in Energy and Environmental Design (LEED)’s silver standard.
The features include a geo-thermal HVAC system, structural insulated panels, passive solar design, insulate concrete form walls, continuous slab concrete floors on both levels, double-hung transom windows and energy efficient metal roofing.