Loans provided through the Northwest Kansas Economic Innovation Center Inc. have had a substantial impact on area communities.
Loan officers at local banks and even cities and economic development offices are looking to the NWKEICI to help bridge the gaps with traditional lending or Revolving Loan Fund Programs as part of financing packages.
One business was in a difficult situation due to its bank closing. With loan approval from NWKEICI, the business was able keep its doors open and keep an average of 23 full-time employees at good wages in a small community.
Another loan was for a succession plan that kept a business that provides an important service in a community. A loan also helped a successful portion of a business start back up after the main business declared bankruptcy. This helped a couple of the former employees to find good jobs with great potential for growth without having to leave the community.
In addition, NWKEICI has provided funding for longevity bonuses for workers at for-profit daycares, as well as funding for books and other teaching tools.
NWKEICI is also working to develop a technology ecosystem in Northwest Kansas. The Rural & Remote program teaches individuals how to code, and other aspects of technology are being developed. The NWKEICI Board approved funding to train individuals to be block chain analysts.
The organization launched a new website at ConnectNWK.org, and currently about 90 jobs in the area are posted there.
The Hansen Foundation provides grant funding for NWKEICI.