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Contact Information

Craig Wood, Ph.D
Acting Associate Dean & Director
UK Cooperative Extension Service

S-107 Ag. Science Center North Lexington, KY 40546-0091

+1 (859) 257-4302

craig.wood@uky.edu

Impacts

Contact Information

Craig Wood, Ph.D
Acting Associate Dean & Director
UK Cooperative Extension Service

S-107 Ag. Science Center North Lexington, KY 40546-0091

+1 (859) 257-4302

craig.wood@uky.edu




Fiscal Year:
Jul 1, 2024 - Jun 30, 2025


Success StoryPayroll Protection Plan



Payroll Protection Plan

Author: Keenan Bishop

Planning Unit: Franklin County CES

Major Program: Securing Financial Stability (general)

Plan of Work: Unrelated to a specified County Plan of Work

Outcome: Initial Outcome

A local thoroughbred breeding farm, training facility and riding stable that employs between 15 and 23 seasonal and full-time employees was struggling due to the pandemic. Horse racing was shut down and they were stranded at a closed track out of state.

We were discussing his dilemma - his income was limited with no relief in site and he was worried about taking care of his employees. I told him about the federal Payroll Protection Plan as part of the Corona relief act. He was unaware but interested. I contacted a local banker who was eager to assist. We had everything ready and set up when the funds became available and he received $145,000.

This forgivable loan allowed him to retain his current staff with pay and return to his training center in Kentucky and ultimately back to the tracks to race and train.






Stories by Keenan Bishop


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The Jones family hosted the 2024 Farm City Field Day on their diversified multi generational farm. V... Read More


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The Franklin County Cattlemens Board created a Junior Cattlemens Association (FCJC) several years ag... Read More


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