Small Business Needs
Republic County Economic Development (RCED) has expanded resources for entrepreneurs in many ways since becoming an Entrepreneur (E-) Community in 2014. We raised over $300,000 for our county revolving loan fund through the sale of tax credits and grants. Additionally, a percentage of those funds can be used for marketing and programs like the Republic County – Youth Entrepreneurship Challenge or the Jon Schallert Destination Bootcamp.
Small Business Classes
In 2016 the local Concordia NCK Small Business Development Center office merged with Manhattan’s office. This created a gap in local small business courses. This requires businesses to travel 2+ hours or telecommute for help from that office. Fortunately, RCED could use E-Community funds to bring small business courses to Belleville. The courses were taught the former NCK SBDC director, Linda Sutton-Nutsch now
with LRS Consulting. Linda has vast knowledge of local business resources and our county revolving loan application process.
The three business courses are hosted twice a year in the fall and spring. They include: 3 M’s – Money, Marketing and Management, Right Start to Using a Business Plan, and Cash Flow Made Easy. In the recent October session, 12 people attend the first two classes and 6 attend the third. The courses were free to county residents and held at the Belleville City Office. Over 20 county residents have taken the courses in the last two years. Almost half of the attendees were current business owners.
RCED is asking for help from current and future business owners to take this Small Business Needs Survey to help expand our local resources – https://goo.gl/forms/JAZQ9JUZa5zQR9hI3.
Since 2014 RCED has loaned over $210,000 to six small businesses from our E-Community revolving loan fund. Those businesses are: BellCon Sanitation, Belleville Hometown Lumber, Central Plains Respiratory, EST Automotive, Kansas World’s Fair, and Cuba Cash Store.
In 2017 Republic County received another $28,900 in tax credits. The tax credits are valued at 75% of donations and offset state income tax liabilities for individuals or businesses. For tax credit questions contact Kristi Pedersen with NetWork Kansas at firstname.lastname@example.org or (316) 425-8808.
Those interested in purchasing tax credits e-mail email@example.com or call 785-374-3047 to reserve an amount. Deadline is Friday, December 8th, 2017.