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.
Describe the Issue or Situation.The Franklin County Extension District Board voted to take advantage... Read More
Describe the Issue or Situation.The Jones family hosted the 2024 Farm City Field Day on their divers... Read More
August 14, 2024“KSU Small Farm Program Continue to Provides Technical Assistance for Minority Pastur... Read More
Describe the Issue or Situation.Title: KSU 4th Wednesday Beef Cattle Workshop July 24, 2024; 6pm – L... Read More