Entrepreneurs in Hopkins County
It is the mission of the Madisonville-Hopkins County Economic Development Corporation to serve as the resource and catalyst for sustained economic growth and development in Hopkins County. Our goal is to facilitate the creation of new primary business ventures in Hopkins County, thereby achieving wealth generation, employment opportunities and additional prosperity. We are dedicated to helping your business grow and prosper.
- The Synergize Mentoring Program offers free advice from established business owners to assist with business plans, entity formation, marketing strategies, cash flow, balance sheets, social media, growth strategies, financial incentive information and any other issues a new business may face. With Synergize, we look to fill a void that entrepreneurs often have when starting their own business, or when challenges arise after the enterprise is up and running.
We serve as community coordinators for 1 Million Cups, a monthly gathering of like-minded professionals supporting one another in their entrepreneurial journeys. Presenters deliver a brief talk about their businesses and then engage in a workshop conversation with the attendees about the opportunities and challenges their businesses are facing. Entrepreneurs gain insight into possible ways they can improve their businesses, hear lessons learned and connect with their community. Madisonville is one of more than 180 regular gatherings of 1 Million Cups, a program developed by the Kauffman Foundation in 2012. Bakeries and bowling alleys, cosmetics and hardware stores, dance and fiber studios, home-improvement companies and graphic novelists, coffee roasters and poultry farms—as well as providers of various services including auto body repair and painting, environmental consulting, paving and sealing—have been among the other local businesses to have been featured here. 1 Million Cups meets the first Wednesday of each month at 7:30 a.m. at Kentucky Innovation Station, at 38 West Arch St. in Madisonville.
An annual Idea Competition for high-school students is another way that Madisonville-Hopkins County Economic Development Corporation nurtures our community’s homegrown entrepreneurs. Ninth-through-12th-grade students are challenged to think deeply about what problems they feel passionate and then create innovative business ideas to solve those problems. Participants must create and submit three-minute video presentations of their proposed businesses, as well as answer questions about their entries describing the primary benefits of its product and services, potential customers, market competition, production and distribution costs, etc.