U.S. Department of Agriculture (USDA) Kansas State Director for Rural Development Christy Davis today announced that the Department is investing $7,168,490 in loans and grants to help create new and better market opportunities and expand essential services for rural people, businesses and entrepreneurs in rural Kansas communities.
For example:
- A $6,971,000 loan will help refinance debt held by another lender for Triple Crown Jayhawk LLC of Gove County. Triple Crown Energy specializes in acquiring, developing and operating oil and gas properties in a variety of basins in the Continental US. One of Triple Crown’s subsidiaries, Triple Crown Jayhawk LLC, owns and operates producing wells in Ness, Gove and Hodgeman counties.
- A $178,607 grant will help provide technical assistance to rural grocery stores transitioning to mutually owned business models, including the cooperative model in rural communities. The Rural Grocery Initiative will work with Kansas State University and partners across Kansas to enhance and deliver cooperative development services. The primary objective is improving the economic condition of rural areas through cooperative development. This project will assist 30 businesses and save two jobs.
- An $18,883 grant will help provide technical assistance to West Central Missouri Community Action Agency to advance its START HERE revolving loan fund and Business Acceleration Network in Appleton City, Missouri. This project will help serve microentrepreneurs in West Central Missouri and Southeast Kansas. This project is expected to assist 20 small businesses.
Submitted by
Allen Pickert
Public Affairs Specialist
State office, Rural Development
United States Department of Agriculture
1303 SW First American Place, Suite 100
Topeka, KS 66604
Phone: 785-271-2700 Cell: 785-207-1171
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