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NEWSLINE

July 2006

CLIENT FEATURED

The Kentucky Cabinet for Economic Development July e-newsletter features Western Region ICC and its client, HEARTLAND COMMUNICATIONS (Paducah). See this web link:
http://www.thinkkentucky.com/cednews/apr2006/enews_july06_icc.htm

NEW MANAGER IN PADUCAH

Tom Hales (thales@kyinnovation.com) has been named the new manager of the Paducah Innovation and Small Business Center (ISBC). Tom joins the Innovation team bringing with him more than thirty years of senior executive experience. Tom will be assisting any / all small businesses in the Purchase Area and his office is located in the Commerce Center, 401 Kentucky Avenue, Paducah. The Paducah ISBC serves as the one-stop shop for area entrepreneurs to receive assistance from both the ICC (Innovation and Commercialization Center) and the SBDC (Small Business Development Center). The Paducah ISBC is affiliated with Murray State University.

AWARD RECIPIENTS

We are also pleased to report that in our most recent cycle of applicants for the Kentucky Enterprise Fund (KEF), we received grant awards, which totaled $92,500 for four companies (projects). The ICC screens applicants for the KEF in our region. The amount of KEF awards made in the western region now exceeds $650,000. The most recent award winners are:

Company	City	County
Matrix Engineering	Paducah	McCracken
S & H Enterprises	Mayfield	Graves
Hawkins Research	Murray	Calloway
Tool Turn	Morganfield	Union

Also, in Hopkinsville, Kentucky recently (June 1, 2006), we were pleased to present a $100,000 Rural Innovation Fund, Level II award to NuatraSoft, a business-to-business software client. This award is part of the Kentucky Council on Postsecondary Education, Kentucky Enterprise Fund administered by the Kentucky Science and Technology Corporation (http://www.kstc.com). The award funds will allow NuatraSoft to achieve some critical business milestones.

AWARD RECIPIENTS

The Western Region ICC office now has some meaningful traction in the development of small businesses (both high tech and high growth). We have assisted 25 clients in meeting their needs as they develop high growth projects in the 20 counties of western Kentucky. The clients have received over $8 million in private investments for their projects which in most cases involve patents with the US Patent and Trademark Office. Also, these clients have added over 65 jobs since becoming clients of the ICC office.

The following is a breakdown of the number of Western Region ICC clients by county:

County	Number of Clients
Calloway	5
Christian	1
Graves	4
Henderson	1
Hopkins	1
Lyon	2
McCracken	10
Trigg	1

OFFICES

The ICC network and Murray State University - Regional Business and Innovation Center have three points of presence in the western Kentucky region:

Innovation & Small Business Center – Paducah

This office is one of the six (6) Innovation Centers in the state and the only IC west of Elizabethtown.

Director: Tom Hales
Address: 401 Kentucky Avenue, Paducah, KY 42003
Email: thales@kyinnovation.com
Phone: 270-443-2783

Western Region Innovation and Commercialization Center – Murray

This is one of the six (6) active ICC’s in the state. The office is affiliated with the Murray State University Regional Business and Innovation Center (RBIC) and the Western Regional Emerging Technology Center in Murray, Kentucky. The RBIC has limited space for business tenants seeking to accelerate their high-growth projects.

Director: Patrick Powell
Address: 926 N 16th Street, Murray, KY 42071
Email: ppowell@kyinnovation.com
Phone: 270-809-6074

Field Office for the Regional Business and Innovation Center (RBIC) – Hopkinsville

This location is also the home of the Murray State University SBDC office in Hopkinsville.

Manager: Roy Keller
Address: 2800 Fort Campbell, Hopkinsville, KY 42240
Email: rkeller@kyinnovation.com
Phone: 270-886-8666

For more information, contact:

Loretta Daniel, Assistant Director
MURRAY STATE UNIVERSITY - REGIONAL BUSINESS & INNOVATION CENTER
926 North 16th Street
Murray KY 42071-1524

Phone: (270) 809-6071
Fax: (270) 809-6075
Email: ldaniel@kyinnovation.com
Website: http://www.msurbic.com