Kelly Manufacturing



Kentucky Ag News Headlines
Support, Resilience Could be Bright Lining to Dark Business Cloud
Kentucky Ag Connection - 03/26/2020

Katie Startzman, owner of Native Bagel Company in Berea, is going to ride out the upheaval brought on by the COVID-19 pandemic and come out stronger on the other side. She's sure of it, because of the strength and support she is receiving from her peers, customers and local resources. Mae Suramek feels the same way, as she puts in the long hours to save her Berea restaurant, Noodle Nirvana.

In the past, when local economies have suffered severe blows, it often originated in industry and then trickled down to the service sector. This time the crisis immediately hit small businesses that provide services or retail goods. Many don't offer paid leave, and many have been forced to lay off employees.

"We were all in shell shock, and it was sheer beauty how we turned to one another during this time," said Suramek. She and Startzman have had to depend on local resources and come up with innovative ideas to keep their young businesses afloat. Recognizing that there is power in numbers, both women are turning to fellow restaurant owners through Facebook and business groups to share support and ideas. Suramek started a Facebook group for local restaurateurs when the crisis hit.

"It's a tough time, but in these small communities, particularly those that were making strides toward progress, they're actually pretty well positioned to respond. They're acting as a community. They're communicating regularly," said Alison Davis, executive director of the Community and Economic Development Initiative of Kentucky. "It's been really kind of awe-inspiring to watch the response at the local level."

CEDIK and the Kentucky Small Business Development Center, both housed in the University of Kentucky College of Agriculture, Food and Environment, are two places to which small-business owners in the state can turn.

CEDIK and KSBDC quickly ramped up their emergency efforts. Using social media and their websites, both groups are pushing out large amounts of important information about available loans and other resources and advice for business owners impacted by Kentucky's efforts to flatten the coronavirus infection curve. CEDIK has a number of programs already in place that could prove helpful to small businesses as well as employees. Its Create Bridges program, currently in 13 counties in Eastern Kentucky, is designed for business and workers within the retail, entertainment, tourism, accommodation and restaurant industries. A proactive program, it is designed to help workers plan a career trajectory to be able to rise above entry-level wages. In addition, there's a business support side for companies trying to identify the types of resources, infrastructure and marketing needed to keep their doors open or to grow.

"We're going to take pieces of that and go statewide with as much as we can. It could not be more timely, because this is the exact sector that is getting hit hardest," Davis said.

CEDIK's Business Retention and Expansion program is also set up to help businesses stay on their feet. The national program is a community-based initiative that helps communities determine the strengths and weaknesses of their business climate. Davis said they are working to modify the program to respond to the coronavirus crisis.

The Kentucky Small Business Development Center offers services directly to small-business clients and entrepreneurs.

"Serving small-business owners is our primary mission, and in addition to the Small Business Administration, we have a national America's Small Business Development Center network to call upon for resources as we work to respond to both the routine and crisis needs of small-business owners," said Kristina Joyce, KSBDC state director.

To maintain the proper social distance, KSBDC local offices are using technology to reach small-business owners and help them not only weather this storm, but also plan for a secure tomorrow.

The organization has launched a new website to provide up to date information throughout the crisis and beyond. The site, http://kybizhelp.com, will be updated as new small business information and resources become available. KSBDC has also created a small business hotline: 1-888-475-SBDC (7232) to efficiently route callers to a KSBDC business coach in their region. A weekly Wednesday afternoon webinar series also is being launched. Information for that will be included on all KSBDC social media and web sites.

"This is unprecedented, but we're trying to 'Keep Calm and Small Business On,'" Joyce said. "I know it's very disconcerting, especially when you're required to shut down. Sometimes in these conditions of crisis, new innovation comes about because of it. This is the time to assess where you are, reach out to your vendors, bankers and customers and do some business planning for when the crisis is over. We will get through this together."

Both Startzman and Suramek were aware a few weeks ago that times were about to change for them. Suramek's plan was to stay one to two steps ahead of the game. Early on, she and her Noodle Nirvana staff developed a three-page internal COVID-19 policy that detailed an especially stringent set of disinfecting and sanitary guidelines. They began using the internet to have weekly Zoom meetings, during which they considered how to handle things if the governor shut down restaurants or if Kentucky became a shelter-in-place state.

"I honestly didn't sleep at all in my efforts to come up with every possible scenario and have a corresponding action plan that included schedules, system changes, building technology to support those changes and ensuring that my staff would continue to be paid," she said.

Out of those meetings came "Beyond Noodles," a weekly meal delivery plan from which people could select one-to-six meals to be delivered directly to their home. They sold 120 Beyond Noodles meals during the first week.

Over at Native Bagel Company, Startzman decided to sell bagels in bulk using curbside pickup. Their first curbside event was March 21. They sold out within hours.

"Our community was amazing and really showed up," she said. "That human connection is what's getting me through emotionally and also literally, so I'm very grateful."

The Small Business Administration has updated its Disaster Declaration website to include all counties in Kentucky. That means business owners could be eligible for economic injury disaster loans. Joyce, a small business owner herself, also recommends calling the bank and asking for a loan extension or a bridge loan. Startzman spent a recent morning talking to her accountant and her local banker. By lunch, she was breathing easier.

"Basically, we didn't have the cash reserves to weather more than a month of this. We're going to be getting a bridge loan that will cover our monthly expenses, and then we'll see where we are when the dust settles," she said.

All four women are positive that people will emerge from that "dust" stronger and more resilient than ever.

"These rural communities are close knit. We're going to see higher rates of poverty for a while. We're going to see unemployment go up. But I have high expectations that we're going to recover," Davis said. "I think it will be a great lesson moving forward, and it will just make us stronger in the long run."

Information on available resources to small business owners is available on the following internet and social media sites:

cedik.ca.uky.edu/COVID-19_resources

kybizhelp.com

www.facebook.com/ksbdc/

www.linkedin.com/company/kentucky-small-business-development-center/

twitter.com/kysbdc



Other Kentucky Headlines
Byron Seeds
Gehling Auction
Copyright © 2020 - Farms.com. All Rights Reserved.