Tribute to Ray Moncriefby Representative Harold Rogers
Posted on 2015-01-13
in the house of representatives
Tuesday, January 13, 2015
Mr. ROGERS of Kentucky. Mr. Speaker, I rise today to pay tribute to
one of the most astute business leaders and job creators in southern
and eastern Kentucky, Ray Moncrief, upon his retirement from the
Kentucky Highlands Investment Corporation.
[[Page E56]] For generations, southern and eastern Kentucky has relied upon the coal mining industry for good paying jobs; however, primarily in the last decade, we have witnessed a debilitating decline in our Appalachian coalfields. To help diversify our business portfolio, I have long relied upon the expertise of my dear friend Ray Moncrief. In fact, he helped form the cornerstones of one of the region's largest job creating organizations, the Southeast Kentucky Economic Development Corporation (SKED).
Knowing the challenges of entrepreneurship in his own startup companies, Ray has dedicated countless hours to small business owners and local developers, providing technical and managerial training, guiding them through loan opportunities, development costs and contracts, and advocating for community partnerships and investments. He has taught numerous innovative individuals how to start, operate and expand successful companies and organizations in our region and across the country.
Ray's finite business sense has been sought out by countless businesses and non-profit organizations. His resume includes Executive Vice President and Chief Operating Officer of Kentucky Highlands Investment Corporation, President and Chief Executive Officer (CEO) of Mountain Ventures, Inc., and Fund Manager for both the Southern Appalachian Fund and Meritus Venture. He 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. He is also a founding director and the founding Chairman of Appalachian Community Capital, Inc. Topping off his long list of credibility, Ray is also a founding member of the Community Development Venture Capital Alliance (CDVCA) and is credited for designing the community development venture capital.
As noted in his biography, Ray 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. President George W. Bush appointed Ray to the Community Development Advisory Fund in 2008. He has also received Lifetime Achievement Awards from CDVCA and the National Association of Seed and Venture Funds.
I ask my colleagues to join me in applauding Ray Moncrief for manifesting the spirit of entrepreneurship that helps run America. His investment into the practices of small business owners across southern and eastern Kentucky will undoubtedly continue to create jobs for generations to follow. I wish Ray the very best in his retirement.