Associate Director Amy Frogue of the Pennyrile Area Development District spoke to Christian County Fiscal Court magistrates Monday about a COVID-19 loan program that will provide relief to businesses.
The session was a special-called court meeting conducted virtually.
The program’s funds are available to eligible businesses and industry in the nine-county Pennyrile region and can be used for working capital needs such as payroll, fixed asset debt and inventory management.
Frogue said the development district was awarded $690,000 in CARES Act funds from the federal Economic Development Administration, while the local fiscal court contributed $100,000 to the program to be used specifically for businesses and industry in Christian County.
The minimum loan for which a business may apply is $5,000 while the maximum loan amount is $25,000, according to Frogue.
Loans are for 36 months, and the first payment may be deferred for six months; the current interest rate on the loans is 0.5%.
The funds will be loaned out through June of 2022 or until they are exhausted; the application is on the PADD website at peadd.org.
Businesses and industry may call Frogue or Chris Sutton at 270-886-9484 with questions about the business relief revolving loan program.
“We’ll be happy to answer any questions or help them get started if they are interested in applying,” Frogue said.
The meeting also saw Christian County Clerk Mike Kem speak about early voting in the county, which begins today and continues from 8 a.m. to 4 p.m. daily on Mondays through Saturdays until Nov. 2.
Voting will initially take place in the big room of the Christian County sheriff’s office, with voting available at the sheriff’s office and the fiscal courtroom in the Christian County Courthouse beginning Oct. 19.
Additionally, the fiscal court during its meeting approved a request from Christian County Judge-Executive Steve Tribble to hire Shanon DeArmond as the new administrative assistant in his office.
The hiring follows a decision by Kelly Finley to retire from her position as finance officer effective Dec. 31 of this year; Tribble said current administrative assistant Misty Glover is completing training to take over the finance officer position at the first of next year.
In other business
- The court reappointed Bart Cayce to the Christian County Airport Board for a term retroactive to Jan. 1, 2020, and ending Dec. 31, 2023.
- Magistrates approved Donald Henry of McCracken County to be an electrical inspector in Christian County; the judge-executive noted that there’s only one Christian County resident conducting electrical inspections in the local community right now.
- The court approved a training incentive for Magistrate Jerry Gilliam, who has completed his 40 hours of training for this year.
- Magistrates also gave unanimous approval to a resolution and agreement between the fiscal court and the Kentucky Transportation Cabinet’s Department of Rural and Municipal Aid for participation in a program that will replace three box culverts on three county roads, the Castleberry-Crofton Road, the Crofton Macedonia Road and Old Madisonville Road. The state will reimburse the county for up to 80% of the cost of the project, information in the agreement noted.
Reach Tonya S. Grace at 270-887-3240 or email@example.com.