Awards $325,000 in Tax Credits to Create Local Loan Funds for Entrepreneurs: Now Includes Cherokee County and Girard
NetWork Kansas announced that it has selected four additional Kansas communities to participate in its innovative Entrepreneurship (E-) Community Partnership that emphasizes development of community resources to create a flourishing entrepreneurial environment. The following communities were granted $325,000 in tax credits, enabling them to raise $433,333 to be loaned to local businesses in their community. The 2014 E-Communities are: Cherokee County, Girard, Pawnee County, Riley County/Manhattan.
Select communities will also participate in the E-Accelerator, either as a new initiative or as part of ongoing development. Coordinated by Advancing Rural Prosperity, the E-Accelerator provides practical tools to help growth-oriented entrepreneurs and their communities in rural Kansas.
The E-Community partnership, now in its seventh year, has grown from six communities in 2007 to forty-eight in 2014. The NetWork Kansas E-Community partnership allows a town, a cluster of towns, or an entire county to raise seed money for local entrepreneurs through donations from individuals or businesses within the community. During the first six years of the E-Community partnership, more than $7.9 million have been raised. These funds are estimated to generate more than $41 million of investment in rural businesses across Kansas.
To view the entire news release from NetWork Kansas, please click here.