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Kentucky Small Business Development Center coach outlines free services for Madison County entrepreneurs
Summary
Katie Starsman, the SBDC business coach serving Madison County, presented the center's services, statewide impact figures and offered to provide county-level data on clients and capital raised.
Katie Starsman, the Madison County–area business coach for the Kentucky Small Business Development Center (SBDC), briefed the fiscal court on July 8 about SBDC services available to county entrepreneurs and offered to share Madison County–specific impact data.
Starsman identified the SBDC as part of a nationwide network funded by the U.S. Small Business Administration and affiliated in Kentucky with the University of Kentucky's Martin-Gatton College of Agriculture, Food and Environment. She said SBDC coaching is provided at no cost to clients because of that federal and university funding.
Starsman described the center's work: one-on-one business coaching, assistance for entrepreneurs transitioning or selling businesses, financial projections and use of online tools such as LivePlan. She said the SBDC documents outcomes, including capital accessed and jobs created. As a statewide figure she cited $54,100,000 in capital brought to businesses through SBDC assistance; she said she would provide Madison County–specific numbers on request.
She said Madison County is the largest county she serves and asked court members to refer small businesses to the SBDC. Starsman also noted the SBDC's statewide referral network, webinars and training on topics such as how small businesses can use artificial intelligence and other technology.
Magistrates and other members thanked her and said they would welcome county-level statistics. Starsman said she would send five-year impact data for Madison County to county staff.
