GE launches electric freight vehicles
GE Appliances launched its electric fleet of freight vehicles from manufacturer Einride in Kentucky, Georgia, and Tennessee. Specifically in Kentucky, trucks travel from the Kentucky Logistics Center off Shepherdsville Road to the nearby Appliance Park campus, carrying parts that make GE, GE Profile, and Café refrigerators. The program is expected to save 210 metric tons of carbon emission annually.
Render Capital’s First Dollar Program
Venture capital firm Render Capital announced its second annual First Dollar program, which will help support Black and Brown entrepreneurs in the area by providing them with critical “first dollar” grants to help their startups thrive. The First Dollar program is launching its second year of activity in collaboration with founding partner Access Ventures, and will provide $5,000 grants to 20 local businesses at the earliest stage of business development, for a total contribution of $100,000 to the local community.
Kentucky founder wins regional EY Entrepreneur of the Year award
The founder of Lexington, Kentucky-based Rubicon Technologies, Nate Morris, was a winner of the Ernst & Young Entrepreneur of the Year East Central Award. The award goes to high-growth companies who think big to succeed. The East Central region included entrepreneurs from Western Pennsylvania, West Virginia, Northeast and South Central Ohio and Kentucky.
Russell Technology Business Incubator
After raising $3 million in nine months, which included a hefty contribution from The Rockefeller Foundation, Dave Christopher launched the Russell Technology Business Incubator. The incubator offers a curriculum focused on three essential elements needed for a successful business: capital, networking, and education. The incubator welcomed its first class of 34 students last year. All graduated, and 27 businesses are now up and doing well.