The Barren County Economic Authority provided a low-cost loan through its Small Business Revolving Loan Fund to Glass Ceiling Enterprises, LLC.
Downtowns are the heart of any community and Broadway St. in Cave City is getting a makeover with several new businesses and investments. Glass Ceiling Enterprises, LLC is one of those investors. Funding was provided to assist with the development of an outdoor venue and entertainment area for visitors and residents alike “The Ace Alley Event Center”.
“We really wanted to build a space to help inspire artistic expression for the community. The name is a way to honor the past while creating a place for the future. The Ace theatre was once the heart of Cave City, a place where memories were made. We hope to continue that tradition.” said Leticia Cline, Co-Owner of Glass Ceiling Enterprises, LLC.
Leticia, had a vision for a parking lot, turning it into a pocket park and event center. The plan includes a patio, food truck and stage for performances. The company has invested in lighting, a performance area, patio, and attractive awnings to provide shade and comfort for those utilizing the park. The funding provided will assist with the purchase of the sound equipment.
“With Covid, open outdoor spaces are becoming more relevant for people who want to socialize but keep in a space with less risk.” said Maureen Carpenter, President & CEO of the Barren County Economic Authority. “Placemaking spaces like The Ace Alley Event Center will bring more people to the downtown.”
The space is within walking distance for 1 out of 5 adults living in the city.
Funding for the loan fund was provided by a USDA Grant awarded to the Barren County Economic Authority in 2020 through the Rural Business Development Grant program. The program is available to small businesses located in Barren County, funds can be used for new business start-ups or small business expansion. Loan amounts between $5,000 and $20,000 are available to qualifying borrowers.
To learn more about the Small Business Revolving Loan Fund visit: https://www.barrencoea.com/small-business-resources
About the Barren County Economic Authority:
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.
BCEA Investors in Economic Development: Champion: T.J. Regional Health Visionary: American Engineers, Inc. Advocates: Edmonton State Bank, German American Bank, Green Mechanical Construction, Inc., and Kelley Construction Inc. Supporters: Alliance Corporation, ATM Media Solutions, South Central Bank, The Murphy Construction Group, The Peoples Bank, and US Bank Contributor: Gray Construction/Gray Ohio Valley