Board Chair, CDVCA; Kentucky Highlands Investment Corporation; Southern Appalachian Fund; Meritus Ventures
Ray is currently Executive Vice President and Chief Operating Officer of Kentucky Highlands Investment Corporation (KHIC). He is President and CEO of Mountain Ventures, Inc., a Small Business Investment Corporation (SBIC) licensed by the U. S. Small Business Administration and a wholly-owned subsidiary of KHIC. He is also President and CEO and a board member of Southern Appalachian Management Company, LLC, the General Partner of the Southern Appalachian Fund, L.P., a NMVC company. He is also President and a board member of Eclipse Management, LLC, the General Partner of Meritus Ventures, L.P., a RBIC.
President George W. Bush appointed Ray to the Community Development Advisory Board, a national board advising the director of the CDFI Fund on policies regarding activities and programs.
Mr. Moncrief also serves on the Board of Directors of the National Consumer Cooperative Bank located in Washington DC and the Board of Directors of NCB Capital Impact. Mr. Moncrief is a founding director and is currently the Chairman of the Board of Directors of Appalachian Community Capital, Inc. He is also a founding director and is currently Chairman of the Board of Directors of the Community Development Venture Capital Alliance (CDVCA).
In March 2004 Ray was honored with a special Lifetime Achievement Award by CDVCA. In 2012, he was awarded the National Association of Seed and Venture Funds Lifetime Achievement in Seed Investing Award.
Mr. Moncrief has traveled nationally and internationally speaking about the use of equity investment as an economic development strategy. He has participated in several study groups analyzing capital needs in rural areas including an economic roundtable at the White House.