Approval to Enter Into Stakeholder Agreement with UK Research Foundation.

The Division of Academic Affairs is requesting the use of USDA federal extension funds to enter into a stakeholder agreement with the University of Kentucky Research Foundation on behalf of the Kentucky Small Business Development Center (SBDC).

The stakeholder agreement would engage one full-time Kentucky Small Business Development Center (SBDC) business coach to provide coaching, consulting, advising, counseling, and training services to start-up businesses, existing businesses, and entrepreneurs in the region.

$50,000 would be allocated for use through September 30, 2022. (Funding through Land Grant USDA federal extension funds).

Acting President Stamps recommends that the Board of Regents approve the stakeholder agreement with UK Research Foundation.

Approve the stakeholder agreement with UK Research Foundation.