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Center For Rural Development
The Center for Rural Development in Somerset, Kentucky, was established in March 1996. It is a 501(c)(3) nonprofit organization. The Center aims "''to provide leadership that stimulates innovative and sustainable economic development solutions and a better way of life for the citizens we serve''". The Center’s programs and services focus on the areas of public safety, arts and culture, leadership, and technology. History The Center was established in Somerset, Kentucky, in March 1996, and became a 501(c)(3) nonprofit organization. It was the idea of U.S. Congressman from Kentucky Hal Rogers. At the outset it was viewed as a partnership between the state and the University of Kentucky, and it was supported by state and federal funds. Due to the COVID-19 pandemic, the Center held its programming virtually in 2020. In October 2020, the Center was awarded over $400,000 in grant funding by the Appalachian Regional Commission. In February 2021, it received a $440,400 PPP loan. ...
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501(c)(3)
A 501(c)(3) organization is a United States corporation, trust, unincorporated association or other type of organization exempt from federal income tax under section 501(c)(3) of Title 26 of the United States Code. It is one of the 29 types of 501(c) nonprofit organizations in the US. 501(c)(3) tax-exemptions apply to entities that are organized and operated exclusively for religious, charitable, scientific, literary or educational purposes, for testing for public safety, to foster national or international amateur sports competition, or for the prevention of cruelty to children or animals. 501(c)(3) exemption applies also for any non-incorporated community chest, fund, cooperating association or foundation organized and operated exclusively for those purposes.IR ...
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Pulaski County, Kentucky
Pulaski County is a county in the U.S. Commonwealth of Kentucky. As of the 2020 census, the population was 65,034. Its county seat is Somerset. The county was founded in December 1798 from land given by Lincoln and Green Counties and named for Polish patriot Count Casimir Pulaski. Pulaski County comprises the Somerset, KY Micropolitan Statistical Area. Somerset's population is just over 11,000, but the Micropolitan Area for Somerset/Pulaski County is over 65,000. History In the early 2010s, after Lake Cumberland's water level rose to its normal level after its drastic fall (which caused a drought in Pulaski County's economy) and Somerset and Burnside went "wet", Pulaski County's economy began to grow exponentially due to tourism, mainly from Ohio. Downtown Burnside had become a ghost town during Lake Cumberland's decline, and has not fully recovered, although a few new businesses are popping up. Before the lake's decline, the Seven Gables Motel was a prominent motel in south ce ...
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Rural Development In The United States
In general, a rural area or a countryside is a geographic area that is located outside towns and cities. Typical rural areas have a low population density and small settlements. Agricultural areas and areas with forestry typically are described as rural. Different countries have varying definitions of ''rural'' for statistical and administrative purposes. In rural areas, because of their unique economic and social dynamics, and relationship to land-based industry such as agriculture, forestry and resource extraction, the economics are very different from cities and can be subject to boom and bust cycles and vulnerability to extreme weather or natural disasters, such as droughts. These dynamics alongside larger economic forces encouraging to urbanization have led to significant demographic declines, called rural flight, where economic incentives encourage younger populations to go to cities for education and access to jobs, leaving older, less educated and less wealthy populat ...
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Rural Community Development
Rural community development encompasses a range of approaches and activities that aim to improve the welfare and livelihoods of people living in rural areas. As a branch of community development, these approaches pay attention to social issues particularly community organizing. This is in contrast to other forms of rural development that focus on public works (e.g. rural roads and electrification) and technology (e.g. tools and techniques for improving agricultural production). Rural community development is important in developing countries where a large part of the population is engaged in farming. Consequently, a range of community development methods have been created and used by organisations involved in international development. Most of these efforts to promote rural community development are led by 'experts' from outside the community such as government officials, staff of non-governmental organizations and foreign advisers. This has led to a long debate about the issue ...
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Economic Development Organizations In The United States
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. Howev ...
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Public Safety
Public security or public safety is the prevention of and protection from events that could endanger the safety and security of the public from significant danger, injury, or property damage. It is often conducted by a state government to ensure the protection of citizens, persons in their territory, organizations, and institutions against threats to their well-being, survival, and prosperity. The public safety issues that a municipality, county, regional, or federal jurisdiction may handle include crimes (ranging from misdemeanors to felonies), structure fires, conflagrations, medical emergencies, mass-casualty incidents, disasters, terrorism, and other concerns. Public safety organizations are organizations that conduct public safety. They generally consist of emergency services and first responders such as law enforcement, fire services, emergency medical services, security forces, and military forces. They are often operated by a government, though some private public safe ...
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Non-profit Organizations Based In The United States
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. An array of organizations are nonprofit, including some political organizations, schools, business associations, churches, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without securing tax-exempt status. Key aspects of nonprofits are accountability, trustworthiness, honesty, and openness to eve ...
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501(c)(3) Organizations
A 501(c)(3) organization is a United States corporation, trust, unincorporated association or other type of organization exempt from federal income tax under section 501(c)(3) of Title 26 of the United States Code. It is one of the 29 types of 501(c) nonprofit organizations in the US. 501(c)(3) tax-exemptions apply to entities that are organized and operated exclusively for religious, charitable, scientific, literary or educational purposes, for testing for public safety, to foster national or international amateur sports competition, or for the prevention of cruelty to children or animals. 501(c)(3) exemption applies also for any non-incorporated community chest, fund, cooperating association or foundation organized and operated exclusively for those purposes.IRS ...
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Richmond, Kentucky
Richmond is a home rule-class city in and the county seat of Madison County, Kentucky, United States. It is named after Richmond, Virginia, and is home to Eastern Kentucky University. In 2019, the population was 36,157. Richmond is the fourth-largest city in the Bluegrass region (after Louisville, Lexington and Covington) and the state's sixth-largest city. It is the ninth largest population center in the state with a Micropolitan population of 106,864. The city serves as the center for work and shopping for south-central Kentucky. In addition, Richmond is the principal city of the Richmond-Berea, Kentucky Micropolitan Area, which includes all of Madison and Rockcastle counties. History Richmond was founded in 1798 by Colonel John Miller from Richmond, Virginia. A British American, Miller served with the rebels in the Revolutionary War. According to lore, he was attracted to the area by its good spring water and friendly Native Americans. With the original county seat of ...
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Eastern Kentucky University
Eastern Kentucky University (Eastern or EKU) is a public university in Richmond, Kentucky. As a regional comprehensive institution, EKU also maintains branch campuses in Corbin, Hazard, Lancaster, and Manchester and offers over 40 online undergraduate and graduate options. History Founding Central University was founded in 1874 in Richmond, Kentucky. Beset with financial difficulties and small enrollment, Central University consolidated with Centre College in 1901. On March 21, 1906, the Governor signed legislation which established the Eastern Kentucky State Normal School No. 1. On May 7,1906, the Normal School Commission selected the site of the former Central University campus as the location of the Eastern Kentucky State Normal School No. 1; the site continues to serve as the location of EKU. Renaming In 1922, "Eastern Kentucky State Normal School No. 1" changed its name to "Eastern Kentucky State Normal School and Teachers College;" the College awarded its first ...
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Venture Capital
Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth (in terms of number of employees, annual revenue, scale of operations, etc). Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the firms they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology. The typical venture capital investment occurs after an initial "seed funding" round. The first ro ...
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Barbourville, Kentucky
Barbourville is a home rule-class city in Knox County, Kentucky, in the United States. The population was 3,165 at the 2010 census, down from 3,589 at the 2000 census. It is the county seat of Knox County. The city was formally established by the state assembly in 1812. It was incorporated in 1854 and then reïncorporated in 1856. Union College and the Appalachian Children's Home are located in Barbourville. Geography Barbourville is in the center of Knox County, in the valley of the Cumberland River where it is joined by Richland Creek. U.S. Route 25E passes through the east side of the city, leading northwest to Corbin and southeast the same distance to Pineville. According to the United States Census Bureau, the city has a total area of , of which are land and , or 2.35%, are water. Demographics As of the census of 2000, there were 3,165 people, 1,211 households, and 662 families residing in the city. The population density was . There were 1,646 housing units at ...
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