HIGHLAND HEIGHTS, Ky. (Jan. 19, 2012) – Carol Cornell, director of the Northern Kentucky University Small Business Development Center, has been inducted into the Kentucky Small Business Development Center’s 2011 Million Dollar Loan Club.
The club recognizes small business development centers across the commonwealth whose directors have secured at least $1 million in loans for their clients. Cornell’s success extended well past a million dollars in 2011 as she brought essential business development support services to numerous clients that represent a variety of business sectors, including early-stage technology clients.
“It is an honor to have our consultants reach this milestone especially during this year of economic uncertainty” said Dr. Beck Naugle, director of the KSBDC.
With a strong background in business development, including venture capital, Cornell provides clients with no-cost, confidential business consultation, business development seminars and research to assist clients in making critical business decisions. She oversees the awarding of loans from the US Small Business Administration as well as regional banks and lenders.
The work of NKU’s SBDC represents an important asset to the region’s efforts to attract and grow entrepreneurial companies. Armed with innovative ideas and thinking, these companies often need guidance to navigate the complexities of early-stage lending and support services.
“Carol’s work makes all the difference to start-up companies, many of which have relied on family and friends for their early survival,” said Jan Hillard, NKU associate provost for research, graduate studies and regional stewardship. “Carol provides a bridge to these companies, transitioning them from uncertainty to a plan for success.”
Under Cornell’s leadership, the NKU center is poised to bring success to these vitally important companies who are the key source of job and wealth creation for the region.