BUSINESS AND COMMUNITY DEVELOPMENT – FINANCE & INCENTIVES UNIT
Post on 30-Jan-2016
50 Views
Preview:
DESCRIPTION
Transcript
BUSINESS AND COMMUNITY DEVELOPMENT – FINANCE &
INCENTIVES UNIT
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
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 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
Of the 97 Agreements,
FY10 OUTCOMES
FY10 OUTCOMES
Community Service TCs
27 projects recently awarded $4.13 mil TCs allocated Average award -- $152,963 Contact: Chris Harris, 785.296.6815
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
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
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
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
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
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
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
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
FOR MORE INFO
• www.kansascommerce.com
• Contact program manager or regional field managers
top related