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