Michael Hayes

Special Projects Coordinator

Michael Hayes is Special Projects Coordinator for Kentucky Highlands. He was responsible for establishment and overall administration of the Kentucky Highlands Empowerment Zone, one of the three original rural designations in the United States. This $40 million, 15-year federal experiment focused on locally based planning and execution of economic and community development initiatives. Michael is also responsible for coordinating and management of the several loan funds totaling more than $15 million, as well as preparing and evaluating business proposals, making investment decisions, closing loans, and marketing. Prior to coming to Kentucky Highlands, Michael was an…

Michael Hayes is Special Projects Coordinator for Kentucky Highlands. He was responsible for establishment and overall administration of the Kentucky Highlands Empowerment Zone, one of the three original rural designations in the United States. This $40 million, 15-year federal experiment focused on locally based planning and execution of economic and community development initiatives. Michael is also responsible for coordinating and management of the several loan funds totaling more than $15 million, as well as preparing and evaluating business proposals, making investment decisions, closing loans, and marketing. Prior to coming to Kentucky Highlands, Michael was an Investment Banker for First Kentucky Securities Corporation where he was responsible for arranging financial packages for public and private sector bond issues. Prior to that, Michael worked for the Commonwealth of Kentucky Cabinet for Economic Development in various capacities including Executive Director of the Office of International Marketing and the Chief Representative in the Far East Representative Office in Tokyo, Japan where he was responsible for promoting Kentucky as a location for manufacturing investment to Japanese companies and assisting Kentucky companies research and market products in the Japanese economy.

Michael has also been Executive Director of the Glasgow-Barren County Industrial Development Authority in Glasgow, Kentucky and Assistant Director of the Cumberland Valley Area Development District in London, Kentucky.

Michael has Bachelor of Arts Degree in Government from Ohio University in Athens, Ohio. This included study at the Universidad Veracruzana, Xalapa, Mexico. He also has a Masters Degree in City and Regional Planning with a specialization in Spatial Economics and Physical Planning from Ohio State University in Columbus, Ohio. He has completed and conducted various work related training and conferences.

Melissa Conn

Investment Analyst

Melissa Conn is an Investment Analyst for Kentucky Highlands Investment Corporation. Her responsibilities include business planning and research, financial modeling, budgeting and providing technical assistance to portfolio companies in the area of accounting. Ms. Conn also analyzes new investment opportunities and supports the efforts of the Chief Operating Officer. Melissa was previously the Administrative Assistant Superintendent of the Prestonsburg City Utilities Commission where she was responsible for financial statement and budget preparation, contract administration, grant applications and administration, water, sewer, and gas rate calculations, and supervision of office staff. She was also a staff accountant…

Melissa Conn is an Investment Analyst for Kentucky Highlands Investment Corporation. Her responsibilities include business planning and research, financial modeling, budgeting and providing technical assistance to portfolio companies in the area of accounting. Ms. Conn also analyzes new investment opportunities and supports the efforts of the Chief Operating Officer.

Melissa was previously the Administrative Assistant Superintendent of the Prestonsburg City Utilities Commission where she was responsible for financial statement and budget preparation, contract administration, grant applications and administration, water, sewer, and gas rate calculations, and supervision of office staff. She was also a staff accountant at Lester & Tackett PSC in Pikeville, Kentucky where she prepared individual and corporate tax returns and conducted governmental audits, financial statement reviews and compilations. Melissa worked for Databeam Corporation in Lexington Kentucky as Office Manager while completing her accounting degree.

Melissa holds a Masters of Business Administration from Morehead State University and a Bachelor of Science Degree in accounting from the University of Kentucky. She is a Certified Public Accountant for the State of Kentucky. Melissa has a data processing diploma from Mayo State Vocational Technical School and she has attended various work related conferences and continuing education classes. She is a graduate of The Venture Capital Institute sponsored by the National Association of Small Business Investment Corporations (NASBIC).

Sandi Curd

Promise Zone Coordinator

Sandi Curd is the Promise Zone Coordinator, a position created when Kentucky Highlands Investment Corporation was named the first and only rural Promise Zone in the nation. Curd is a Whitley County farmer with 25 years of experience in the fields of health care and agriculture. She is also a consultant to Leadership Tri County and president of the Whitley County Farmers’ Market board of directors. Curd has a bachelor’s degree in health sciences from the University of Kentucky and a master’s degree in health care administration from the University of Minnesota.

Sandi Curd is the Promise Zone Coordinator, a position created when Kentucky Highlands Investment Corporation was named the first and only rural Promise Zone in the nation. Curd is a Whitley County farmer with 25 years of experience in the fields of health care and agriculture. She is also a consultant to Leadership Tri County and president of the Whitley County Farmers’ Market board of directors. Curd has a bachelor’s degree in health sciences from the University of Kentucky and a master’s degree in health care administration from the University of Minnesota.

Tom Manning-Beavin

Director of Housing

Tom Manning-Beavin is the Director of Housing for Kentucky Highlands Investment Corporation. He oversees a number of the housing development projects in KHIC's portfolio, including the Zero-Energy Houses in South Whitley County. Mr. Manning-Beavin brings with him 20 years of service in affordable housing at the local, regional and national levels. Prior to joining KHIC, he was an Executive Director and a CFO for various local community housing development organizations and was the Director of Lending for the Federation of Appalachian Housing Enterprises (FAHE). Mr. Manning-Beavin also served on Housing Assistance Council's loan fund staff.…

Tom Manning-Beavin is the Director of Housing for Kentucky Highlands Investment Corporation. He oversees a number of the housing development projects in KHIC’s portfolio, including the Zero-Energy Houses in South Whitley County.

Mr. Manning-Beavin brings with him 20 years of service in affordable housing at the local, regional and national levels.

Prior to joining KHIC, he was an Executive Director and a CFO for various local community housing development organizations and was the Director of Lending for the Federation of Appalachian Housing Enterprises (FAHE). Mr. Manning-Beavin also served on Housing Assistance Council’s loan fund staff.

He began his career with Appalachia Service Project coordinating single-family new construction and owner-occupied rehabilitation, and handling housing counseling and loan origination duties.

Mr. Manning-Beavin holds a Bachelor of Arts Degree from Earlham College.

L. Ray Moncrief

Fund Manager, Appalachian Micro-Equity Fund

Ray Moncrief has held various positions at Kentucky Highlands Investment Corporation since 1984, and is currently Executive Vice President and Chief Operating Officer. He is also President and Chief Executive officer of Mountain Ventures, Inc., a Small Business Investment Company (SBIC), wholly owned by Kentucky Highlands. In addition, Ray is President and CEO of Southern Appalachian Management Company, LLC, the General Partner of the Southern Appalachian Fund, a New Markets Venture Capital Company, and Eclipse Management, LLC, the General Partner of Meritus Ventures, a Rural Business Investment Company. He is Chairman of the Board of…

Ray Moncrief has held various positions at Kentucky Highlands Investment Corporation since 1984, and is currently Executive Vice President and Chief Operating Officer. He is also President and Chief Executive officer of Mountain Ventures, Inc., a Small Business Investment Company (SBIC), wholly owned by Kentucky Highlands. In addition, Ray is President and CEO of Southern Appalachian Management Company, LLC, the General Partner of the Southern Appalachian Fund, a New Markets Venture Capital Company, and Eclipse Management, LLC, the General Partner of Meritus Ventures, a Rural Business Investment Company. He is Chairman of the Board of Directors of the Community Development Venture Capital Alliance (CDVCA), was previously a member of the NASBIC Board of Governors, and is currently a member of the Boards of Directors of the Community Development Financial Institution Coalition, the New Markets Tax Credit Coalition, the National Consumer Cooperative Bank, and NCB Capital Impact. Ray is also a founding director and the founding Chairman of Appalachian Community Capital, Inc. In addition, he serves as a director on the boards of several portfolio companies.

Over the years, Ray has provided thousands of hours of technical and managerial assistance to small businesses from startup through divestiture, including business turnarounds. He has also been an entrepreneur himself several times, gaining valuable experience that allows him to understand firsthand the challenges faced by small businesses. Ray’s particular areas of expertise are cash management, fundraising, and contract negotiations. He is a nationally and internationally recognized speaker and writer on the use of equity as an economic development strategy, and has provided testimony to the U.S. Congress on various economic topics on multiple occasions. A founding member of CDVCA, Ray is regarded as one of the founders of a particular niche of venture capital known as community development venture capital. President George W. Bush appointed Ray to the Community Development Advisory Fund in 2008. He received Lifetime Achievement Awards from CDVCA in 2004, and from the National Association of Seed and Venture Funds in 2012. His educational background includes a bachelor’s degree in accounting from Louisiana Tech University, graduate studies at Lamar University, and various professional education programs including Leadership Kentucky and Venture Capital Institute.

Stephen Taylor

Development Director

Stephen Taylor is Development Director for Kentucky Highlands Investment Corporation (KHIC). He has been with Kentucky Highlands since 1992. Mr. Taylor's responsibility is to identify and secure funding for various economic development projects and Kentucky Highlands Investment Corporation supporting business lending, entrepreneurial development and affordable housing development . He also manages a number of partnerships with KHIC's numerous partnering organizations. Prior to becoming Development Director, Stephen was involved in developing the company's United States Department of Agriculture Intermediary Relending Program and the United States Small Business Administration Microloan Program. He served as board member Kentucky…

Stephen Taylor is Development Director for Kentucky Highlands Investment Corporation (KHIC). He has been with Kentucky Highlands since 1992. Mr. Taylor’s responsibility is to identify and secure funding for various economic development projects and Kentucky Highlands Investment Corporation supporting business lending, entrepreneurial development and affordable housing development . He also manages a number of partnerships with KHIC’s numerous partnering organizations. Prior to becoming Development Director, Stephen was involved in developing the company’s United States Department of Agriculture Intermediary Relending Program and the United States Small Business Administration Microloan Program. He served as board member Kentucky Association for Economic Development for 5 years and a regional leadership development organization for 10 years.

He is a founder, secretary and board member of the Appalachian Development Alliance, a community development financial institution (CDFI) nonprofit organization representing six nontraditional lending organizations serving Appalachian Kentucky. Stephen joined KHIC after working three years for a state funded regional planning agency.

He earned his Economic Development Finance Professional certification in 1994 and certified economic developer certification (CEcD) in 2006. He currently serves on IEDC’s Education and Certification Advisory Committee. Mr. Taylor earned his B.S. in Industrial Technology Management and Education at Berea College, Berea, Kentucky and his M.A. at Ball State University, Muncie, Indiana. Stephen is a graduate of Leadership East Kentucky and Leadership Tri-County where he serves as Economic Development Day Chair.

Luke Ramsay

Assistant Director

Luke Ramsay is the Assistant Director of the Kentucky Highlands Innovation Center (The KHICenter). Ramsay joined the staff of Kentucky Highlands in the summer of 2013. Ramsay has spent the majority of his career working with non-profits to build their brand awareness through marketing and strategic partnerships. Most recently he managed all student programs for the American Association of Equine Practitioners, a ten-thousand member association based in Lexington Kentucky. Ramsay received his bachelors degree in public relations from Eastern Kentucky University where he graduated from the Honors Program. Ramsay is certified as a business incubator…

Luke Ramsay is the Assistant Director of the Kentucky Highlands Innovation Center (The KHICenter). Ramsay joined the staff of Kentucky Highlands in the summer of 2013. Ramsay has spent the majority of his career working with non-profits to build their brand awareness through marketing and strategic partnerships. Most recently he managed all student programs for the American Association of Equine Practitioners, a ten-thousand member association based in Lexington Kentucky. Ramsay received his bachelors degree in public relations from Eastern Kentucky University where he graduated from the Honors Program. Ramsay is certified as a business incubator manager by the National Business Incubator Association and is also a certified Salesforce Administrator. He is a founding board member of the Southeast Kentucky Youth Leadership Council, an organization focused on providing high school juniors in eastern Kentucky with recognition and learning opportunities.

Ken Stegman

Technical Systems Engineer and Investment Analyst

Ken Stegman is the Technical Systems Engineer and Investment Analyst for Kentucky Highlands Investment Corporation. Ken came to Kentucky Highlands as an investment analyst intern for his final year in college and joined the staff full time upon the completion of his internship. He is very skilled and knowledgeable in computer software, hardware, and systems. Ken's responsibilities include business planning and research, financial modeling, budgeting and providing technical assistance to portfolio companies in the area of accounting and information systems. Ken maintains the computer network and systems of Kentucky Highlands Investment Corporation and is responsible…

Ken Stegman is the Technical Systems Engineer and Investment Analyst for Kentucky Highlands Investment Corporation. Ken came to Kentucky Highlands as an investment analyst intern for his final year in college and joined the staff full time upon the completion of his internship. He is very skilled and knowledgeable in computer software, hardware, and systems.

Ken’s responsibilities include business planning and research, financial modeling, budgeting and providing technical assistance to portfolio companies in the area of accounting and information systems. Ken maintains the computer network and systems of Kentucky Highlands Investment Corporation and is responsible for design and implementation of its Web site. While attending Berea College, Ken served as Loan Officer for the Student Loan Fund and Supervisor for Berea College Campus Activities including conferences and college hosted events.

Ken has a Bachelor of Science Degree in Business Administration with an emphasis in accounting and finance. He has attended various business related conferences and classes in accounting and computer information systems. And is a Member of Leadership Tri-County.

Ken is Microsoft Certified Systems Engineer.