The Kansas Department of Commerce is seeking applications for its 2024 Economic Development Program.
Donor Name: Kansas Department of Commerce
State: Kansas
County: All Counties
Type of Grant: Grant
Deadline: 12/02/2024
Size of the Grant: $500,000 to $1 million
Grant Duration: Grant Duration Not Mentioned
Details:
Funding Information
$2 million has been allocated for the Economic Development program in 2024. The maximum amount of CDBG funds that can be applied for is $750,000.
Qualifying Projects
This program funds projects assisting for-profit businesses or agricultural cooperatives with infrastructure improvements, land acquisition, site preparation, building construction or renovation, machinery, equipment, lease payments, inventory, payroll, and other working capital items.
- Infrastructure improvements including roads, sidewalks, water lines, sewer lines, etc.
- Business financing for a new business locating in, or an existing business expanding in, a community.
- Non-Retail/Local Service businesses
- Retail/Local Service businesses
- If business financing projects are completed on time with no concerns, there is a 25% forgiveness of the CDBG loan.
Eligibility Criteria
All incorporated cities or counties in Kansas that do not receive an annual CDBG entitlement allocation from HUD are eligible to apply to the Kansas CDBG program. Successful applicants are called Grantees. (The following communities receive entitlements and are ineligible to participate in the state program: Kansas City, Lawrence, Leavenworth, Manhattan, Overland Park, Shawnee, Topeka, Wichita, and all of Johnson County.) The business operation assisted by the CDBG funding must also be in a non- entitlement area of the state.
For more information, visit Kansas Department of Commerce.
