Funding Opportunities

Solomon Valley Economic Development (SVED) has programs to assist you in finding the funding that you need for your project. ​

Economic Development 
in the Solomon Valley, ​Mitchell County, KS

If you would like to start, expand or relocate a business within Mitchell County, Kansas, we have partnerships with financial institutions, organizations and foundations that can work with you to make the process of raising the necessary funds as stress-free as possible.
 
Business Façade Improvement Program
This program is designed for small scale renovation projects to the façade of the buildings in Mitchell County. The program is available to provide an affordable financing option for improvements to commercial building facades in order to improve the functionality, structural integrity and aesthetics in commercial areas. Download Application Form (PDF)

Non-profit Façade Improvement Program
This program is designed for small scale renovation projects to the façade of buildings owned by 501c3 nonprofits who have been established for a minimum of 3 years. The program is available to provide an affordable financing option for improvements to nonprofit building facades in order to improve the functionality, structural integrity and aesthetics in commercial areas. Download Application Form (PDF)

Revolving Loan Funds
Loan funds, administered by counties, municipalities and regional planning commissions, are available throughout the region and through the North Central Regional Planning Commission. Flexible low-interest terms may be negotiated, contingent upon job creation / retention and private-sector investment.

Business Loan Funds:
Loan funds are available for existing and future businesses both through our local banks, the North Central Regional Planning Commission, Network Kansas and a variety of state programs. More information about available loan and revolving loan programs can be found here:

• Business Finance Program - NCRPC  |  Capital (networkkansas.com)   For additional information on funding for businesses, please contact our office as opportunities are every changing.

State And Federal Grants
Funds may be available to new and expanding industries, which create jobs, through the U.S. Small Business Administration (SBA), Community Development Block Grant – Economic Development Category (CDBG-ED), Economic Development Administration (EDA), USDA Rural Development – Business and Industry Programs, and other sources.

High Performance Incentive Program (HPIP)
Companies that qualify for the high performance incentive program (HPIP) are eligible to receive the above mentioned sales tax exemption on utilities without being tied to the job creation requirement.
 
Industrial Revenue Bonds
The cities and counties within the region may issue bonds at their discretion for up to 100 percent financing of land, buildings, equipment and construction and for qualifying Businesses, i.e., for-profit manufacturing and non-profit health care.
 
Infrastructure
Several municipalities within the Solomon Valley offer a very unique infrastructure and improvements program through which the municipality builds all roads for a new development and pays for all labor. The owner is only responsible the cost of building materials, which includes the concrete and other materials, such as a new diamond blade or other items deemed necessary for the road construction.