News Flash

Business and Community Development Newsroom

Posted on: October 19, 2011

Incentives Without Walls funding awarded to eight community improvement projects

The Kansas Department of Commerce will award more than $70,000 in Incentives Without Walls funding for community improvement projects in Belleville, Coffeyville, Hoisington, Hutchinson, Peabody, Phillipsburg, Seneca and Winfield, officials announced today.

Commerce funding will be matched by a combined $448,893.09 in private funds, which equates to a 6.34-to-1 private-to-public funding ratio for the eight projects. The projects include three new businesses/startups, one business expansion project, four building renovation/repair and will create 12 new jobs. The funds are distributed as zero percent loans.

IWW funds provide direct financial support to downtown businesses in designated Kansas Main Street program cities to stimulate private investment. Kansas Main Street is a self-help technical assistance program that targets preservation and revitalization of downtown districts. There are 25 designated Kansas Main Street cities.

“We are pleased to award these very deserving communities with the IWW funding they need to undertake some exciting projects,” said Mary M. Helmer, Kansas Main Street state coordinator for Commerce. “The IWW funding, along with the private matching funds it leverages, allows us to assist the rural communities that are so important to the livelihood of our state.”

Funding for the IWW program is provided by the Economic Development Initiatives Fund, which is derived from Kansas Lottery proceeds.

The following Kansas Main Street projects will receive IWW funds:

Commerce awarded $3,962.99 to Fred Arnold, publisher of the The Belleville Telescope, to assist with interior renovations of the building located at 1314 19th Street in downtown Belleville. Private investment is $11,968.23 for a 3-to-1match.

Commerce awarded $18,603 to Breezi Keith and Amanda Price with Envy Salon & Day Spa to assist with the purchase and renovation of the property located at 119 W. 8th Street in downtown Coffeyville. Six new jobs will be created, and private investment will be $55,959.46 for a 3-to-1 match.

Commerce awarded $20,000 to Brian and Kim Kindscher, owners of Kindscher’s Mule Barn, to assist in the purchase of inventory, fixtures, interior renovation and signage for their new business at 157 S. Main Street in downtown Hoisington. Three full-time and three part-time jobs will be created. Private investment totaled $232,296 for an 11.62-to-1 match.

Commerce awarded $4,053 Scott and Jennifer Cooley with Evolution Salon to renovate the façade and update the heating and cooling system of the building located at 24 South Main Street in downtown Hutchinson. The Salon employs 10 people and offers room for future job opportunities. Private investment totaled $12,163.15 for a 3-to-1 match.

Commerce awarded $1,500 Kelly Penner with A Little Off the Top for a weatherization project on the building located at 105 N. Walnut in downtown Peabody. Private investment totaled $1,500 for a 1-to-1 match.

Commerce awarded $1,500 to Sue Miller for façade repair on the property located at 255 State Street in downtown Phillipsburg. Private investment totaled $5,440 for a 3.63-to-1 match.

Commerce awarded $20,000 to Dale and Joni Deters for the acquisition of the property located at 33 5th Street in downtown Seneca. The Deters will purchase and expand an existing t-shirt design and production business and move it into a vacant building, also in downtown Seneca. The project retains one full-time and one part-time job while adding an additional new job with private investment making a 6.30 –to-1 match.

Commerce awarded $1,218.75 to Dan Roberts with PestMaster to repair storm damage to the property located at 713 Main Street in downtown Winfield. Private investment is $3,656.25 for a 3-to-1 match.

Additional Info...
Facebook Twitter Google Plus Email

Other News in Business and Community Development Newsroom

Manfuacturing Summit 250

Manufacturing Summit coming to Wichita

Posted on: August 16, 2018

Southwest Airlines is coming to Kansas

Posted on: January 13, 2012