Fund Profile:

Kentucky Highlands Investment Corporation

P.O. Box 1738, London, KY 40743-1738
Telephone: (606) 864-5175
Fax: (606) 864-5194
Website: www.khic.org
Email: khicnet@khic.org

Key Personnel:
Jerry Rickett, President and CEO
Ray Moncrief, Executive Vice President and COO
Brenda McDaniel, Vice President and CFO
Elmer L. Parlier, Vice President/Investments

Established: 1968, venture capital fund in 1972

Total Committed Capital: $45.6 million

Amount Invested: $4.5 million in equity in 8 businesses. $28.8 million in debt in 229 businesses.

Geographic Focus: 9-county region of Southeastern Kentucky.

Background
KHIC was formed in 1968 to stimulate growth and create employment opportunities in a nine-county region of Southeastern Kentucky which included the counties of Bell, Clay, Clinton, Harlan, Jackson, McCreary, Rockcastle, Wayne and Whitley. Making debt, equity, and near equity investments in Kentucky businesses, the Kentucky Highlands Investment Corporation provides financing and technical assistance, two essential components for a successful start-up company that are often elusive, particularly in a state such as Kentucky. In 30 years, Kentucky Highlands has helped 140 businesses finance $178 million and create more than 7,900 jobs. Through its philosophy of providing comprehensive financial and technical assistance and a $40 million venture capital fund, Kentucky Highlands-invested companies have beaten the odds and become prosperous.

Social Mission
KHIC's goals are to create good jobs with living wages and benefits for the low-income residents in its 9 county area as well as to build the entrepreneurial capacity of the region.

Investment Information
KHIC makes investments in nine southeast Kentucky counties. These counties include Bell, Clay, Clinton, Harlan, Jackson, McCreary, Rockcastle, Wayne and Whitley. KHIC invests in companies in all industries and makes investments as small as $500 and as high as $5 million, though investments most often fall between $25,000 and $1 million. The Fund invests in businesses at all stages of development and co-invests when appropriate and possible.