Economic Development

The following is a listing of funding opportunities potentially available for projects related to Economic Development with focus on programs applicable to North Central Kansas. Click here for helpful tips on seeking project funding.

Community Development Block Grant (CDBG) – Economic Development

Grants to cities or counties are then loaned to provide gap financing for private businesses that create or retain permanent jobs. Eligible activities include infrastructure, land acquisition, fixed assets and working capital. At least 51% of the jobs created or retained by the for-profit entity must meet the Department of Housing and Urban Development’s low- and moderate-income standard. The funding ceiling is $35,000 per job created or retained with a maximum of $750,000.

Deadline: Open application period
Organization: Kansas Department of Commerce

NCK Rural Business Development Initiative (Formerly Tax Credits)

Funding for projects serving the business sector directly or indirectly creating businesses and employment in the following Kansas counties are eligible: Chase, Clay, Cloud, Dickinson, Ellsworth, Geary, Jewell, Lincoln, Lyon, Marshall, Mitchell, Morris, Ottawa, Pottawatomie, Republic, Riley, Saline, Wabaunsee, and Washington. Funding categories include: Leadership Development; Business Service / Technology Access or Development; and Job Creation/Retention. Cities, counties, and non-profits are eligible to receive grants or loans or combinations thereof. $50,000 is the maximum grant available for these entities. No direct granting of funds will occur to for-profit enterprises. Low-interest loans are possible. This program was made possible by the Kansas Department of Commerce and the 2004 Kansas Rural Business Development Act.

Deadline: Throughout year.
Organization: North Central Kansas Community Network (NCKCN), an affiliate of the NCRPC

USDA Rural Development – Business & Industry Loan Guarantees

Guarantee of loans for businesses that save or create jobs in rural areas or towns under 50,000 in population.

Deadline: Contact local office for details.
Organization: USDA Rural Development

USDA Rural Development – Rural Business Development Grants

Grant program designed to support targeted technical assistance, training and other activities leading to the development or expansion of small and emerging private businesses in rural areas that have fewer than 50 employees and less than $1 million in gross revenues. Funds must be directed for projects benefiting rural areas or towns under 50,000 in population.

Deadline: Contact local office for details.
Organization: USDA Rural Development

Work Opportunity Tax Credit (WOTC) Program

Program that encourages employment by reducing employer’s federal income tax liability for a qualified new worker in the first year of employment. Hire should fit in one of several targeted groups of job candidates who traditionally face significant barriers to employment. Does apply to first time hires only and does not include relatives.

Deadline: IRS Form 8850 must be completed and mailed to the KS WOTC Unit within 28 calendar days of the start date.
Organization: Kansas Department of Commerce