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Grow Leavenworth County Development Corporation (an E-Community)

PRESS RELEASE 12/8/16

Grow Leavenworth County Development Corporation is a NetWork Kansas E-Community member and makes loans to entrepreneurs for new business expansion within Leavenworth County. E-community loans cannot exceed $75,000. Terms of the Zero percent loans cannot exceed 180 months.

By statute, the Network Kansas Program requires 40 percent matching funds from a public source, such as a City, County, Main Street Incentives Without Walls Microloans or a financial institution bank loan. 

Overview of the program

NetWork Kansas was established as a component of the Kansas Economic Growth Act of 2004 to further Entrepreneurship and small business growth as a priority for economic and community development in the State of Kansas.

On November 14, 2011, NetWork Kansas announced that Leavenworth’s First City Development Corporation was selected as the 2011 Entrepreneurship (E) Community member and awarded $166,000 to the local community business loan fund to assist Entrepreneurs in the City. In 2016, the First City Development Corporation expanded its service area from the City of Leavenworth to the entire County, changing it's name to Grow Leavenworth County Development Corporation.

Matching Funds Requirement

By statute the NetWork Kansas Program requires a 40 percent matching funds from a public source such as a City, a County, Main Street IWW Microloans or a financial institution bank loan.

Example #1       

City of Leavenworth Small Business Grant =$5,000(40%)

Applicant request FCDC loan up to: $7,500(60%)

Total funds available to Entrepreneur = $12,500

Example #2

Entrepreneur obtains bank loan = $8,000(40%)

Applicant request loan up to: $12,000 (60%)

Total funds available to Entrepreneur =$20,000

For additional information, contact: Taylour Tedder, Assistant City Manager, City of Leavenworth, 913-680-2602 or ttedder@firstcity.org or contact Stefanie Leif, City of Lansing, for loans or information within all other cities and the unincorporated county at 913-727-5488 or sleif@lansing.ks.us.

APPLICATION FOR E-COMMUNITY LOAN