KANSAS ā 1.1.2025Ā ā In a groundbreaking effort to support entrepreneurs in rural Kansas, Network Kansas, in collaboration with the Patterson Family Foundation, proudly announces the launch of theĀ 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 in rural areas, fostering entrepreneurship and economic development across 95 counties in the state of Kansas.
Available fromĀ January 1 to December 31, 2025Ā (or until funds are depleted), this one-time grant will work in tandem with Network Kansasā GrowKS and eCommunity loan programs to lessen the effective total interest burden on loan recipients. By reducing financing costs, the program empowers entrepreneurs to focus on scaling their businesses and creating local impact.
āThis grant represents a shared commitment between Network Kansas and the Patterson Family Foundation to uplift rural communities,ā said Sarah LaRosh, Director of eCommunity Partnerships at Network Kansas. āIn a time of economic uncertainty, we are providing a tangible solution to help rural entrepreneurs thrive.ā
How It Works
- Entrepreneurs can apply for a small business loan through Network Kansasā GrowKS or eCommunity loan processes.
- Network Kansas reviews each loan application automatically for grant consideration.
- Once approved, grant funds will be disbursed in tandem with the loan dollars, directly reducing the interest rate on the participantās loan.
- Annual impact data, including business growth and employment stats, 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 where access to capital is often limited. 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 Interest Rate Reduction Initiative aligns with Network Kansasā mission to foster entrepreneurship through funding and support. Through the eCommunity coach network and in partnership with organizations such as the stateās Certified Development Companies (CDCs), the program ensures a holistic approach to nurturing entrepreneurial success.
āThrough initiatives like this, we are not just funding businessesāwe are building stronger communities,ā said Maria Flynn, President and CEO of the Patterson Family Foundation.
For More Information
For details on eligibility, application procedures, or program benefits, visit www.networkkansas.com or see 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
Network Kansas was established as a component of the Kansas Economic Growth Act of 2004 to further entrepreneurship and small business growth as a priority for economic and community development in the State of Kansas. Network Kansas facilitates the development of an entrepreneurial ecosystem within participating communities through the eCommunity Partnership. Contributing factors to successful development include the availability of financial capital, support from local leadership and the development of educational resources. All of these factors combine to increase entrepreneurial activity in participating towns, leading to increased startup activity, business expansion, job creation and more.
About The Patterson Family Foundation
The Patterson Family Foundation, based in Kansas City, Missouri, is a family-led foundation that extends the legacy of Neal and Jeanne Patterson. The Foundationās mission, āWorking together to help rural communities thrive,ā is carried forward through strategic grantmaking and other collaborative initiatives that serve rural counties across Kansas and western Missouri.
Learn more at https://pattersonfamilyfoundation.org/
