US Senator Roger Marshall has unveiled a plan to put more money into small businesses who have been impacted by the nearly year long COVID-19 pandemic.
A news release from the Senator’s office announced Marshall plans to invest $800,000 from the US Economic Development Administration into the Kansas Center for Entrepreneurship this year. The funding will allow the KCE to develop a state revolving loan fund that will provide capital funding for new, existing or expanding businesses across 15 Kansas counties.
In the previously mentioned News Release, Marshall says, “Small businesses are vital to the health and well being of our rural communities, providing new opportunities for economic growth, development, and job creation.”
The release went on to say “The funds will leverage about $5.8 million in private investments to save 40 jobs and create up to 30 new jobs.” Word on how the funds will be dispersed is currently pending.
