Hamburg Business News – June 2021
BANKS AND BUSINESS
Bank of the Bluegrass and Trust Co. recently promoted Brad Simpson to assistant financial center manager at its Romany Road location.
Community Trust Bank has announced that Tina Parsons has been promoted to the position of commercial loan officer.
Commerce Lexington Inc. is among the top economic development agencies in the nation, according to Site Selection magazine’s May issue, for the third time in the last four years. Organizations named to the list are presented with the Mac Conway Award for Excellence in Economic Development, which recognizes the top local and regional economic development agencies that were the most successful with capital investment projects in 2020.
Forcht Bank recently welcomed former Junior Achievement of the Bluegrass president, Lynn Hudgins, as a new treasury management officer.
Home 2 Suites Lexington Hamburg hosted a ribbon cutting.
CHI Saint Joseph Health officially welcomed new CEO Anthony A. Houston during an investiture service at Saint Joseph Hospital.
Second round of funding approved for small business stimulus grants
A second round of funding has been approved for Lexington stimulus grants for small businesses. Commerce Lexington Inc. will once again manage the Small Business Economic Recovery Program through its existing Access Loan small business financing program.
Through the program, eligible small businesses can apply for up to $25,000 based on sustaining or increasing employment and/or payroll within one year following the grant award. The main difference in this year’s Economic Recovery Program is that small businesses will have benchmarks to meet for additional employment and/or payroll. Companies that do not meet those benchmarks will be required to pay back the grant based on a sliding scale related to their performance.
Businesses must meet the following criteria to apply for grant assistance:
- Be located in Lexington/Fayette County.
- Have a current business license filed with the City.• Have been in operation since January 1, 2021.
- Restricted to sole proprietors, limited liabilities, corporations, not-for-profits or nonprofits.
- Maximum of 50 full-time equivalent employees (max of 100 for restaurants).
- All business taxes, payroll taxes and other payments to the City & the Commonwealth of Kentucky must be current.
- Show ability to retain or exceed current employment and/or payroll levels.
Commerce Lexington Inc. President and CEO Bob Quick, said, “I would like to especially thank Councilmember Preston Worley for taking the lead on this issue, as well as the members of the Urban County Council for providing multiple rounds of grant funding for small businesses. Our team is excited to assist in the application process and help hard-hit small businesses in our community.”
NEW in the NEIGHBORHOOD
Crumbl Cookies has opened in Hamburg.
Enrich is Richmond, KY’s first “soulful enterprise.” The institute-style restaurant will employ those with “alternative resumes,” which refers to people who may experience homelessness, those in active recovery, or others who have recently been incarcerated. The space serves a unique, family-friendly experience with DIY pancakes.
Lexington’s second Rooster’s opened on Richmond Road in the former Chop House location.
The Saucy Crab will open on Richmond Road this summer.
This article also appears on page 4 and 5 of the June 2021 print edition of Hamburg Journal.
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