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270.854.9455

207 N Elm Street
Henderson, KY 42420

GREEN RIVER AREA DEVELOPMENT DISTRICT

COVID-19 BUSINESS RELIEF WORKING CAPITAL LOAN PROGRAM

 The GRADD Revolving Loan Fund (RLF) COVID-19 Business Relief Working Capital Loan Program was established to assist businesses in the industrial, commercial, agricultural, and service sector that have been economically impacted by the COVID-19 Pandemic. It is designed to have an impact on restoring the economic growth of the region.

PROGRAM GUIDELINES

  • Projects must be located in Daviess, Hancock, Henderson, McLean, Ohio, Union or Webster Counties.
  • Project must be in the industrial, commercial, agricultural, and service
  • Loans will be used for meeting short term working capital needs such as payroll, rent, utilities, supplies, inventory management, and/or payments to
  • Loans will range from $5,000 to $25,000.
  • Maximum Terms: Up to 36 months with six (6) month deferral from date of loan
  • The floor interest rate charged on all loans will be the lesser of either 75 percent of the prime rate as published in the Money Rates section of the Wall Street Journal, or four

Effective: April 2020 – 2.44%; fixed

LOAN PROCESS

  • Potential applicants should contact the GRADD office to discuss project
  • Following eligibility determination, an application must be submitted to GRADD for staff review and preliminary
  • All applications must receive approval from the following before final approval is given:
  • Green River Economic Development Corporation COVID-19 Business Relief Working Capital Loan Review Committee.
  • No closing fees will be charged

Acess the application and more information here:https://www.gradd.com/businesses/revolving-loan-program-rlf/

SET is a leading provider of Industrial Support Services with a 25 diesel powered unit fleet of vacuum trucks, support trucks and waterblasters. SET is now interviewing for a Lead Diesel Mechanic to be responsible for all service, maintenance and repairs of our fleet for optimal uptime. Requirements: 3-5 years hands-on experience with diesel engines, manual transmissions, air systems and hydraulics; graduated from an accredited diesel mechanic school; clean driving record, CDL a plus, drug free. Excellent pay, health insurance, 401K, vacation. Applicants may email This email address is being protected from spambots. You need JavaScript enabled to view it. or apply in person at 3034 Ohio Drive, Henderson, KY.

Henderson Economic Development is here to be the connector for our existing industries to the resources/information that is needed to help maintain production as you see fit.  Please see below some of the resources that we have compiled of some questions we have received thus far. 

Kentucky Executive Order: https://governor.ky.gov/covid19

Transportation/truck traffic (we will update as we receive updates): https://transportation.ky.gov/NewsRoom/Transportation%20Cabinet%20Issues%20Official%20Order%20for%20commercial%20drivers.pdf

Unemployment Insurance: https://kcc.ky.gov/Pages/default.aspx
Please find below the most up-to-date information and instructions regarding employer filed Mass Electronic Claim (E-Claims) for unemployment insurance.The necessary documents are accessible via these downloadable links:
Employer Information E-Claim Guide (IMPORTANT: REVIEW FIRST)

Employer Directions for Submitting an E-Claim File

E-Claim Data Error Reporting

Example of Claimant Directions

The E-Claim Template

  • This is the actual E-Claim file that the employer will submit to the Office of Unemployment Insurance at This email address is being protected from spambots. You need JavaScript enabled to view it. to initiate the claim filing. E-Claim Template . The downloadable Excel file template must be used.

Please note that the “return to work date within 4 weeks” requirement is temporarily suspended. Due to the current situation, we are allowing employers to file for the employees even if the layoff may extend beyond that time-period.

Here is a link to the UI Debit Card Info for employees. 

If you have any questions, please feel free to contact Mass Electronic Claim for Unemployment Insurance at 502-564-2369 or This email address is being protected from spambots. You need JavaScript enabled to view it. .

 

Small Business Administration- Guidance and loan informationhttps://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources
https://www.kychamber.com/news/coronavirus/sba

KY Business Incentives & business support: https://www.thinkkentucky.com/Locating_Expanding/kybizince.aspx