Glasgow, KY. – July 23, 2020
Today the Barren County Economic Authority (BCEA) accepted its first private Transformational Investor contribution. German American Bank has committed $10,000 to the BCEA for economic development.
The Transformational Investor program was created to increase funding for economic development in Barren County. Private investments from local businesses and individuals committed to seeing Barren County prosper will allow the BCEA to take economic development in Barren County to the next level and be more competitive.
“Investments will help transform the community through increased targeted business recruitment efforts, talent attraction, development and retention, infrastructure investment, stronger small businesses and in developing skills for the new economy and more high-quality jobs.” said Maureen Carpenter, Executive Director of the BCEA.
This investment by German American Bank kicks off the official launch by the BCEA for its funding campaign.
Karisa Peterson, Market Executive, stated “German American Bank has a long-standing tradition of supporting economic development in the communities we serve. Our employees are deeply engaged in Barren County. We are excited by this partnership to support economic development because of the impact that it has on the community as a whole and on each family that lives and works here.”
Investors can come in at one of five levels: Champion $25,000, Visionary $20,000, Leader $15,000, Advocate $10,000 or Supporter at $5,000. There are various benefits that come with being an investor. Each investor will be listed on promotional materials when appropriate, invited to semi-annual briefing; be on the BCEA website with link to company site, receive a window decal and be in the investor profile. Additional benefits are available as the investment level increases. Funds raised will be used for an aggressive approach to economic development that focuses on marketing that includes brand awareness, specific sector targeted marketing, property promotion and infrastructure development. For more information about the Barren County Economic Authority or how to become a Transformational Investor call 270-651-6314 or visit: www.barrencoea.com
German American Bank operates 70 banking offices throughout seven counties in Kentucky and 20 counties in southern Indiana. The company was founded in 1910 in Jasper, Indiana, where its headquarters remain today. German American also offers investment brokerage services through German American Investment Services, Inc., and a full line property and casualty insurance agency, German American Insurance, Inc.
Established in 1984, the Barren County Economic Authority is the lead economic development organization in Barren County to attract new business and industry, retain and support existing business expansion and support infrastructure development that meets the needs of business and industry and advance the overall well-being of the community.