Establishes a high-growth loan program and fund to support small and medium-sized companies in Kentucky.

The bill establishes a high-growth loan program and fund to support small and medium-sized companies in Kentucky. The fund, administered by the cabinet, will provide loans to create, develop, or expand high-growth companies. The Commonwealth's contribution to the fund is capped at $25 million. The fund manager, selected by the secretary and approved by the authority, will manage the fund and submit annual reports. The cabinet will monitor the fund's performance and report annually to the Legislative Research Commission.

Establishes a high-growth loan program and fund to support small and medium-sized companies in Kentucky.

The bill establishes a high-growth loan program and fund to support small and medium-sized companies in Kentucky. The fund, administered by the cabinet, will provide loans to create, develop, or expand high-growth companies. The Commonwealth's contribution to the fund is capped at $25 million. The fund manager, selected by the secretary and approved by the authority, will manage the fund and submit annual reports. The cabinet will monitor the fund's performance and report annually to the Legislative Research Commission.