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BUSINESS AND COMMUNITY DEVELOPMENT – FINANCE & INCENTIVES UNIT.

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Presentation on theme: "BUSINESS AND COMMUNITY DEVELOPMENT – FINANCE & INCENTIVES UNIT."— Presentation transcript:

1 BUSINESS AND COMMUNITY DEVELOPMENT – FINANCE & INCENTIVES UNIT

2 PEAK  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

3  FY12 – Added Retention (capped) as of 1/1/13; CMW compared to PEAK Jobs’ MW or AW; NAICS wage alternative; 42 Agreements  1/1/12 – “Refund” benefit process option  FY13 – 35 Agreements in 1 st 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,

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6 FY10 OUTCOMES

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

9 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

10 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 2 nd tranche of funds  Contact: Corey Mohn @ NetWork Kansas or Ed Serrano, 785.368.7293

11 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

12 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

13  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

14 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

15 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

16 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

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


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