Business Finance Manager
1000 S.W. Jackson St.
Phone: (785) 296-1868
Monday - Friday
8 a.m. - 5 p.m.
The Kansas Partnership Fund is a program to provide low-interest State funds to cities and counties for infrastructure improvements that support Kansas basic enterprises. Partnership Fund loans are designed to assist city and county governments in their efforts to attract new businesses and expand existing businesses.
Eligible projects may include the construction, reconstruction, rehabilitation, alteration, expansion, or improvement of public facilities including, but not limited to roads, streets, highways, storm drains, water supply and treatment facilities, water distribution lines, waste water collection lines, and any related improvements. These improvements must directly lead to the creation of new jobs in Kansas basic enterprises.Kansas basic enterprises include businesses that are, or propose to be, located or principally based in Kansas and are, or will be, primarily engaged in any one or more of the Kansas basic industries.
Kansas basic industries include manufacturing, mining, agriculture, and interstate transportation. Wholesale trade, financial services, business services, and tourism activities, if primarily undertaken for out-of-state markets, are also considered to be Kansas basic industries as well as research and development of new products, processes, or technologies.
The Kansas Partnership Fund is a revolving loan fund initially funded by legislative appropriation. Other sources of potential funding are sale of revenue bonds through the Kansas Development Finance Authority (KDFA) and funds made available through contributions by any public or private entity for the purposes established by the program. Interest rates will be adjustable and will be indexed annually to either the federal discount rate or the average interest rate earned during the previous year by the Pooled Money Board on its Economic Development Initiatives Fund, whichever is greater. As loan principal and interest payments are received from current loan recipients, the funds may be re-loaned to other cities and counties. All city and county units of government in Kansas, regardless of size, are eligible to apply for loans on eligible projects.
Kansas Partnership Fund Guide