The Department of Commerce Economic Development Administration awarded a $1 million Project Grant to the Kansas Center for Entrepreneurship Inc., doing business as Network Kansas, on March 4, 2021. The funding supports the organization's work under the EDA's Economic Adjustment Assistance program, which provides technical, planning, and infrastructure assistance to regions experiencing adverse economic changes. Specifically, the grant will enable Network Kansas to operate a revolving loan fund to provide financing to businesses in Wichita, Kansas. As a key part of its mission, the organization leverages EDA funding to issue loans that fuel entrepreneurship and help the local economy adjust to downturns. The revolving structure of the loan fund allows repayment proceeds to continually recapitalize the program, amplifying the grant's impact over time.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $800.0k | 3/4/21 |