Summary:
Network Kansas launches the Interest Rate Reduction Initiative to support rural entrepreneurs.
Aims to reduce the financial burden of high interest rates and inflation.
Available from January 1 to December 31, 2025 or until funds are depleted.
Grants work alongside GrowKS and eCommunity loan programs to lower interest rates.
Focuses on growth, innovation, and job creation in rural communities.
In a groundbreaking effort to support entrepreneurs in rural Kansas, Network Kansas, in collaboration with the Patterson Family Foundation, proudly announces the launch of the Interest Rate Reduction Initiative for Rural eCommunities. This initiative aims to reduce the financial burden of high interest rates and inflation on startup and growth-oriented businesses across 95 counties in Kansas.
Key Features of the Initiative
- Availability: From January 1 to December 31, 2025 (or until funds are depleted).
- This one-time grant works alongside Network Kansas’ GrowKS and eCommunity loan programs to lessen the total interest burden on loan recipients, empowering entrepreneurs to focus on scaling their businesses and creating local impact.
“This grant represents a shared commitment between Network Kansas and the Patterson Family Foundation to uplift rural communities,” said Sarah LaRosh, director of eCommunity Partnerships at Network Kansas. “In a time of economic uncertainty, we are providing a tangible solution to help rural entrepreneurs thrive.”
How It Works
- Entrepreneurs can apply for a small business loan through Network Kansas’ GrowKS or eCommunity loan processes.
- Each loan application is automatically reviewed for grant consideration.
- Once approved, grant funds will be disbursed with the loan dollars, directly reducing the interest rate on the loan.
- Annual impact data will be collected to measure program success.
- Only one grant per Employer Identification Number (EIN) can be awarded.
Why It Matters
High-interest rates and inflation create significant barriers for entrepreneurs, particularly in rural areas with limited access to capital. By addressing this challenge, the Interest Rate Reduction Initiative allows business owners to allocate more resources toward growth, innovation, and job creation.
Building an Entrepreneurial Legacy
The initiative aligns with Network Kansas’ mission to foster entrepreneurship through funding and support. By leveraging the eCommunity coach network and partnerships with the state’s Certified Development Companies (CDCs), the program ensures a holistic approach to nurturing entrepreneurial success.
“Through initiatives like this, we are not just funding businesses—we are building stronger communities,” said Maria Flynn, President and CEO of the Patterson Family Foundation.
For More Information
For details on eligibility, application procedures, or program benefits, visit Network Kansas or consult with the Network Kansas eCommunity coach in your region.
Together, Network Kansas and the Patterson Family Foundation are laying the foundation for a more resilient and innovative rural Kansas, one entrepreneur at a time.
About Network Kansas
Established as part of the Kansas Economic Growth Act of 2004, Network Kansas prioritizes entrepreneurship and small business growth for economic development. It facilitates the development of an entrepreneurial ecosystem through the eCommunity Partnership.
About The Patterson Family Foundation
Based in Kansas City, Missouri, the Patterson Family Foundation works to help rural communities thrive through strategic grantmaking and collaborative initiatives. Learn more at Patterson Family Foundation.
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