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BUSINESS AND COMMUNITY DEVELOPMENT – FINANCE & INCENTIVES UNIT

BUSINESS AND COMMUNITY DEVELOPMENT – FINANCE & INCENTIVES UNIT. Operating for three FYs – July 1, 2009 thru June 30, 2012 FY10 – Relocations only; CAW compared to PEAK Jobs’ AW; Entitlement; 9 Agreements

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BUSINESS AND COMMUNITY DEVELOPMENT – FINANCE & INCENTIVES UNIT

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  1. BUSINESS AND COMMUNITY DEVELOPMENT – FINANCE & INCENTIVES UNIT

  2. Operating for three FYs – July 1, 2009 thru June 30, 2012 FY10 – Relocations only; CAW compared to PEAK Jobs’ AW; Entitlement; 9 Agreements FY11 – Added Out-of-State Expansions and Startups as of 7/1/11; Added Existing Expansions as of 1/1/12 (Capped); CMW compared to PEAK Jobs’ MW; Secretary’s Discretion; 11 Agreements PEAK

  3. FY12 – Added Retention (capped) as of 1/1/13; CMW compared to PEAK Jobs’ MW or AW; NAICS wage alternative; 42Agreements • 1/1/12 – “Refund” benefit process option • FY13 – 35 Agreements in 1st Qtr; Project 100-115 by 6/30/13 • FY10 to-date – 97 signed agreements estimating 11,479 new jobs @ $25.78 hrly wage; $818.4 mil new payroll/year; $1.5 bil capital investment

  4. Of the 97 Agreements,

  5. FY10 OUTCOMES

  6. FY10 OUTCOMES

  7. Community Service TCs • 27 projects recently awarded • $4.13 mil TCs allocated • Average award -- $152,963 • Contact: Chris Harris, 785.296.6815

  8. Angel Investor TCs • 30 companies were approved for AI TCs in 2012 • $6.7 mil TCs have been allocated • $4.6 mil TCs have already been issued representing $9.2 mil in AI investments • Contact: Chris Harris, 785.296.6815

  9. SSBCI • KS received $13.1 mil allocation to make loans to small businesses • NetWork Kansas and their partners have assisted approx $4.5 mil in loans • Ready to receive 2nd tranche of funds • Contact: Corey Mohn @ NetWork Kansas or Ed Serrano, 785.368.7293

  10. CDBG • Housing – 12 aps received to rehab 165 homes and demolish 40; total request of $4.4 million • Water/Sewer – 21 aps received requesting $7.5 million • Community Facilities – Aps due Nov 1 • Contact: Debbie Beck, 785.296.7092

  11. CDBG Pilot Projects • Regional Water Pilot • $4 mil set-aside; $1 mil max/project • Assist regional water projects sharing system (e.g. water treatment facility) • Other funding include USDA-RD & KDHE • Open window to apply • Contact: Debbie Beck, 785.296.7092

  12. Housing Pilot • $4 million set aside; $1.5 mil max/project • Show need to increase housing stock, i.e. have businesses w/jobs needing housing • Must complete minimum of 4 homes • Apply anytime • Contact: Linda Hunsicker, 785.215.4484

  13. 2013 Downtown Commercial Rehab • Ap Rounds: Feb 1 and Aug 1 • Max Award/Project: $250,000 (grant) • Private Match: 25% • City applies on behalf of business/property owner • Environmental required • One bldg only declared “blighted” • Contact: Terry Marlin, 785.296.4703

  14. CDBG - ED • Apply anytime • Min/Max funding: $100,000/$750,000 • 1 FT Job = $35,000 CDBG • 51% of jobs must meet low/moderate income • Business loan rate: 4% • Term: 5 yrs WC; 10 yrs M&E; 15 yrs Bldg • Infrastructure – 25% payback at 0% • Environmental required • City/County applies on behalf of business

  15. Neighborhood Stabilization Program • Purpose to stabilize communities suffering from foreclosures & abandonment • $20.9 mil in federal funds that have been allocated to 8 cities & the following counties: Cherokee, Harvey, Johnson, Miami, Sedgwick, Sumner & Wyandotte • Contact: LeAnn Thurman, 785.296.4100

  16. FOR MORE INFO • www.kansascommerce.com • Contact program manager or regional field managers

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