Kentucky Highlands Investment Corporation
Kentucky Highlands Investment Corporation (KHIC) is a Community Development Corporation focusing on venture capital and economic development. The firm, founded in 1968, has as a mission to invest in start-up and expanding non-retail business enterprises located (or to be located) in a nine-county area of southeast Kentucky. KHIC's approach to economic development has made it one of the most successful venture development firms in the country. In addition, KHIC provides financing to expanding businesses located throughout the region.
KHIC has backed high precision manufacturers, as well as relatively low-technology, labor-extensive companies. This willingness to provide start-up capital to lower technology as well as higher technology firms makes KHIC virtually unique among investors. Moreover, KHIC is willing to look beyond established track record, collateral and personal guarantees. More concerned with quality than type, KHIC will seriously consider any investment opportunity that has the potential for developing into a profitable business.
KHIC is structured to address several separate but related investment objectives. Actually, it is four companies under one roof,
Kentucky Highlands Investment Corporation
The parent company, maintains a multi-million capital pool and has numerous investments in its portfolio ranging from $100,000 to over a million dollars. The company is also the administrator of the Kentucky Highlands Empowerment Zone (KHEZ). Businesses located within the Empowerment Zone area of Jackson, Clinton and Wayne Counties may take advantage of advantageous financing and substantial federal tax credits.
Mountain Ventures, Inc.
A Small Business Investment Company (SBIC) with several million dollars of available investment capital for venture capital situations.
Appalachian Capital Corporation
A subsidiary through which below market rate financing is available to viable businesses located in, or which will locate in Southeast Kentucky. The maximum loan is 75% of the project, not to exceed $150,000. The loan proceeds may be used to finance the purchase and/or construction of fixed assets (land, buildings, and equipment) or may be used for working capital.
Kentucky Highlands Real Estate Corporation
Maintains an inventory of available industrial sites and buildings. This corporation also develops industrial buildings and sites, and sells or leases them to related investees and others.
The Kentucky Highlands Investment Corporation has extensive contacts in conventional lending circles, which enables KHIC to syndicate its investments with other sources of capital. Start-up financing packages of over $5,000,000 are well within its capability and past experience.
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Send comments and mail to Kentucky Highlands Investment Corporation
kentucky@www.ezec.gov