- Associated Press - Thursday, April 17, 2014

PIKEVILLE, Ky. (AP) - A new office is opening in Pikeville to help startup companies in Appalachia.

The Kentucky Innovation Network office will be located on the University of Pikeville campus.

Economic Development Secretary Larry Hayes and Acting Business Development Commissioner Mandy Lambert were in Pikeville for the announcement Wednesday.

Gov. Steve Beshear’s office says the network helps local companies assess ideas, develop business plans and find grants, loans and capital.

The Pikeville office will serve Breathitt, Floyd, Johnson, Knott, Letcher, Magoffin, Martin, Perry and Pike counties.

Beshear, U.S. Rep. Harold Rogers and others recently announced plans for an initiative known as Shaping Our Appalachian Region, with goals of recruiting and fostering business in the area. Rogers said in the news release from Beshear’s office that the network will help entrepreneurs with the challenges of operating a business.

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