2.3 KSU shall disburse the funds to the Kentucky SBDC in one lump sum payment of $50,000 ("Funds"), and shall be made upon execution of this agreement.
3.1 KSU agrees to contribute $50,000 towards the salaries of KSBDC business coach(es) who shall collaborate with the Consortium and represent KSBDC throughout the region.
3.2 KSU shall permit the KSBDC business coach(es) to represent KSBDC throughout Kentucky. KSBDC is a statewide network and, as such, all business coach(es) are expected to serve the statewide network.
3.3 KSU and KSBDC shall share oversight responsibilities of the KSBDC business coach(es) performance during the term of this Agreement. KSBDC will regularly monitor the KSBDC business coach(es) performance and provide the KSU regular input on that performance as it relates to the services to be provided under this Agreement.
3.4 KSU shall immediately contact KSBDC if it desires to terminate its relationship with the KSBDC business coach(es) prior to the end of the Term of this Agreement.
3.5 KSU shall provide in-kind investments to support the KSBDC Office and Business Coach(es) in the region. The investments described will be made available to the KSBDC between the dates of 10/01/2022 and 09/30/2023. No expectation of compensation in return for the investments described below such as a requirement that the investment(s) be made as a provision in a contract or purchase order.
| Contributing Entity | List In-kind Donation(s) (e.g., Services, Goods, or Facilities Provided) | Value Determination (e.g., rate * hrs or sq.ft * $/sq.ft) | Total Value |
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| Kentucky State University | Office Space Provided | $15/sq.ft*120sq.ft*12mnths*part-time | $10,800 |
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3.6 KSU shall return any equipment provided to the KSBDC business coach(es) by KSBDC under paragraph 4.2 immediately upon expiration or cancellation of this Agreement or termination of the KSBDC business coach(es) unless otherwise agreed by KSBDC.
3.7 All physical, computerized, electronic or other types of records, documents, notes, lists, files and any and all other materials including but not limited to computerized or electronic information that refers, relates or otherwise pertains to the KSBDC and any individual or entity that received services under this Agreement shall be returned to KSBDC immediately upon the expiration or cancellation of this Agreement or termination of the KSBDC business coach(es).