Business, Government, Kansas

Tax Credits For Investors In Kansas Innovative Emerging Businesses

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$5 million still available for innovative emerging businesses through Kansas Angels program

 

TOPEKA – Five million dollars in tax credits are still available to investors in innovative emerging businesses in Kansas through the Kansas Angel Tax Credit (KAITC) program. The program offers Kansas income tax credits to qualified individuals who provide seed-capital financing for emerging Kansas businesses engaged in the development, implementation, and commercialization of innovative technologies, products, and services.

The KAITC Program is administered by the Kansas Department of Commerce and designed to bring together accredited angel investors with qualified Kansas companies seeking seed and early-stage investment. The Kansas Angel Investor Tax Credit act was established to facilitate the availability of equity investment in businesses in the early stages of commercial development and to assist in the creation and expansion of Kansas businesses, which are job- and wealth-creating enterprises.

 

How does it work?

 

The KAITC program grants tax credits against the Kansas income tax liability of investors investing in these startup ventures. With the primary goal of encouraging individuals to provide seed-capital financing for emerging, Kansas businesses engaged in the development, implementation, and commercialization of innovative technologies, products, and services.

Applications for certification will be accepted only for Kansas businesses in the seed and early-stage rounds of financing.

Companies must meet the following criteria to be certified as a Qualified Kansas Business:

  1. The business has a reasonable chance of success and potential to create measurable employment within Kansas.
  2. In the most recent tax year of the business, annual gross revenue was less than $5,000,000.
  3. Businesses that are not Bioscience businesses must have been in operation for less than five years; bioscience businesses must have been in operation for less than 10 years.
  4. The business has an innovative and proprietary technology, product, or service.
  5. The existing owners of the business have made a substantial financial and time commitment to the business.
  6. The securities to be issued and purchased are qualified securities.
  7. The company agrees to adequate reporting of business information to the Kansas Department of Commerce.
  8. The ability of investors in the business to receive tax credits for cash investments in qualified securities of the business is beneficial because funding otherwise available for the business is not available on commercially reasonable terms.
  9. Each applicant must sign a Qualified Company Agreement with the Kansas Department of Commerce.

 

Who are Angel Investors?

Angel investors are either individuals or groups looking to make an investment in new or existing businesses. The incentive for such investments is that they may yield a higher return than other methods of investing.

Most angel investors are entrepreneurs who have had their own business succeed in part due to such investments.

Only accredited angel investors can qualify for the Kansas Angel Investor Tax Credit by investing in Kansas Department of Commerce certified Kansas businesses.

  • The tax credit is 50% of the investor’s cash investment into a qualified Kansas Business
  • The tax credit may be used in its entirety in the taxable year in which the cash investment was made
  • The Tax Credits are transferable
  • If the amount of the credit exceeds the investors’ liability in any one taxable year the remaining portion of the credit may be carried forward until the total amount of credit is used
  • Investors can receive tax credits up to $50,000 in tax credits per company they invest in, not to exceed $250,000 in one year
  • If investing through a permitted entity, all the equity owners of the permitted entity must be accredited investors.

Certification of companies must meet mandates established by Kansas statute to allow accredited Angel Investors to receive the Kansas Angel Investor Tax Credit.

Applications for companies seeking investment are accepted through August 31, 2018. For complete information on the Kansas Angels Initiative, visit http://kansasangels.com.

Fort Scott, Schools

FSHS Thespians Benefit from International Thespian Festival

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Top left to right: Dominic Cannon, Grant Coffman, Mackenzie Peoples, Kathelra Murray, Audra McFarland, Mark Bergmann. Middle: Levi Bin, Alyx Brooks, Mary Gladbach, Mesa Jones, Kaitlyn Hanks, Ivy Bailey, Angie Bin. Front: Carlee Studyvin, Addy Labbe, Katie Button, Lexi Bailey, Hunter Adamson, Karina Kantilal.

 

Nineteen Thespians from Fort Scott High School Troupe #7365 attended the International Thespian Festival at the University of Nebraska June 25-July 1.

 

The students joined 4,500 others from around the world to experience a week of intensive theatre-related workshops and classes and attend top-notch student theatre performances. This year’s festival had over 700 workshops taught by Broadway professionals, university faculty and theatre educators and over 55 performances.

 

“Going to any sort of Thespian Festival, either state or international, I’ve connected with other people and shared the love of theatre with them. We’ve seen many beautifully done shows and enjoyed being there,” said senior Karina Kantilal.

 

Seniors Alyx Brooks and Hunter Adamson joined 650 other students in auditioning for college scholarships. Over sixty colleges gave out scholarships at the festival and both seniors were called back by numerous colleges.

Thespians dressed to attend an evening formal dance. L to R: Addy Labbe, Karina Kantilal, Hunter Adamson

 

In addition, Adamson, the FSHS Thespian President and a KS State Thespian Officer and FSHS Thespian Vice President and KS State Thespian Representative Mesa Jones, a junior, attended special leadership classes throughout the week.

 

“Getting to go to the leadership workshop helped open my eyes to ways of being a helping hand and all around better leader for my troupe. I met amazing young activists and feel as though I understand the positive influence theater is for young minds more. The trip was outstanding and I loved every second,”  Adamson said.

 

FSHS Thespian Director Angie Bin, FSHS English Teacher Mark Bergmann, and Thespian parent Amy Labbe were sponsors for the event.

 

“It is truly the most amazing experience. The incredible workshops are taught by successful industry professionals and are invaluable to students seeking careers in the biz. The shows are full of the most talented young people who are the future Broadway stars of our country. It was the best week of my year!” Labbe remarked.

 

Students worked throughout the school year to fundraise the $790 registration fee for the festival. Many were able to attend last year’s festival for free due to a Send a Troupe grant won by FSHS from the Educational Theatre Association and were determined to experience the festival again.

 

Junior Kaitlyn Hanks said, “I can’t wait to come back. International Thespian Festival is truly like a second home to me, it’s the happiest place on Earth for a bunch of Thespians, from the great people to the amazing teachers and extraordinary shows.”

 

Fort Scott

Dr. Parris Retires

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Dr. Roger Parris Retires from Mercy after 37 Years

 The public is invited to a retirement reception for Roger Parris, M.D., from 10 a.m. to noon on Saturday, July 28, in the Mercy Hospital cafeteria.

Dr. Parris earned this medical degree from the University of Missouri – Columbia and completed his family medicine residency at Wesley Medical Center in Wichita. He specializes in family medicine and emergency medicine. Dr. Parris is board certified by the American Board of Family Medicine.

In May, Dr. Parris was awarded the coveted 5-Star Award by ranking in PRC’s top 10 percent nationally for “excellent” responses in patient satisfaction surveys. He is also a fabulous vocalist and has performed in many musicals.

Mercy, named one of the top five large U.S. health systems in 2018, 2017 and 2016 by IBM Watson Health, serves millions annually. Mercy includes more than 40 acute care and specialty (heart, children’s, orthopedic and rehab) hospitals, 800 physician practices and outpatient facilities, 44,000 co-workers and 2,100 Mercy Clinic physicians in Arkansas, Kansas, Missouri, and Oklahoma. Mercy also has clinics, outpatient services and outreach ministries in Arkansas, Louisiana, Mississippi and Texas. In addition, Mercy’s IT division, Mercy Technology Services, supply chain organization, ROi, and Mercy Virtual commercially serve providers and patients in more than 20 states coast to coast.

supply chain organization, ROi, and Mercy Virtual commercially serve providers and patients in more than 20 states coast to coast.

Obituary

Obituary of Margaret Akin

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Margaret A. Akin, age 76, a former resident of Bourbonnais, Illinois and more recently of Ft. Scott, Kansas, passed away Monday, July 9, 2018, at the Menorah Medical Center in Overland Park, Kansas.

She was born June 4, 1942, in Kankakee, Illinois, the daughter of Oswald T. Bourelle and Norma K. Bentrott Bourelle. She married Douglas Akin. Margaret had worked as a mental health tech at various hospitals in Illinois prior to her retirement in 1990.

She enjoyed fishing, woodcrafts, painting, gardening and attending her granddaughter, Kaitlyn’s many theater, and 4-H events.


Survivors include her daughter, Darla Hanks, and husband, Tony, of Redfield, Kansas, a son, Wade Herter, of Pasadena, California and three grandchildren, Kaitlyn Hanks, of Redfield, Kansas, Octavia Jackson, of Hopkins Park, Illinois and Shizzel Glenn, of Kankakee, Illinois. Also, surviving are her longtime friends the family of the late Bill & Sharon Bacon, Billy, Tresa, Patty and Chris Bacon, Jami Knautz, James Tennant and their families all of West Frankfort, Illinois; and a brother, William T. Bourelle, of Perryville, Missouri, and three nieces.


There was cremation.

A gathering for friends and family will be held at 1:00 P.M. Sunday, July 22nd at the Commons Room of the Scott View Apartments, 315 Scott Ave, Ft. Scott, Kansas.

Memorials are suggested to the Margaret Akin Memorial Fund and may be left in cthe are of the Cheney Witt Chapel, 201 S. Main, P.O. Box 347, Ft. Scott, KS 66701. Words of remembrance may be submitted to the online guestbook at cheneywitt.com.

Area News

Mountain Bike Racing In Gunn Park

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Frank Halsey, the mountain bike race organizer, puts a medal on a finalist Saturday evening at Gunn Park.

Although Kansas does not have mountains, it does have some pretty hills in Gunn Park that were used to test the skills of mountain bikers this past weekend.

The 5th Annual Marmaton Massacre Mountain Bike Race and Kansas Mountain Bike Championship were completed in Gunn Park July 7-8.

Friday and Saturday evenings a night ride through the park was offered by organizers, Gunn Park Trails Volunteers, who work on maintaining the trails year- round.

Saturday morning two competitions took place: the Maramaton Massacre Mountain Bike Race and the Kansas Mountain Bike Championship. Racers won in their age divisions with the youngest race for children eight years old and younger, which took place in the evening.

Dinner was provided participants courtesy of Healthy Bourbon County Action Team through the Pathways To a Healthy Kansas Initiative and the food was provided by Sharkey’s Pub and Grub.

The trials riding demonstration  Ryan Braxton and Ed Schilling entertained the attendees. Trials riding skills are bike handling skills developed over obstacles.

The skills demo was followed by a performance from Paul Fowler and Lezlee Herd of En Power and Light music group, with the background of Gunn Parks Second Lake.

Sunday morning following a church service, a ride for youth 15-18 years old was won by Fort Scottian Brian Griffin.

Winners of both the Marmaton Massacre Race and the Kansas Championship Race are shown in the gallery below:


Kid’s Race Winners – 8 and Under, from left: · 3rd Place – Easton Halsey – Fort Scott, KS, · 1st Place – Memphis Halsey – Frontenac, KS;· 2nd Place – Gavin Cramb – Wichita, KS.

Kid’s Race Winners – 9 – 10 Years Old, from left:· 3rd Place – Audrey Walker – Fort Scott, KS· 1st Place – Jacee Mattox – Moran, KS · 2nd Place – Lillian Jackson – Fort Scott, KS
Frank Halsey, event organizer, hugs his grandson, Memphis Halsey, Frontenac, following a first place win in the kids’ under eight-years-old mountain bike race.
Attendees visit as they watch Ryan Braxton, Bentonville, Ark. perform a demonstration of trials riding.
Ed Schilling, St. Joe, Mo. demos trials riding on a Fort Scott Bike-Share Bike brought to the park by the Healthy Bourbon County Action Team. The bike was for attendees to try out. The bike-share bikes are located around Fort Scott for public use. Schilling encouraged biking as a lifetime sport.
The kid’s mountain bike race was in the evening of July 7 at Gunn Park.
Jody Hoener, Healthy Bourbon County Action Team, tells the crowd of the purpose of the team. HBCAT provided the meal for the riders and brought a bike-share bike to the event to have attendees try out. Greg Schroeder, left, the announcer, listens and Lezlee Herd and Paul Fowler, husband and wife performers with the En Power and Light wait to sing following the announcements.
Families appeared to relax and enjoy the evening entertainment of En Power and Light at Gunn Park, on July 7.

 

Bourbon County, K-State Extension

Summer Considerations for Livestock Water

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Christopher Petty, M.S. Extension Agent, Livestock Production and Forage Management, K-State Research and Extension Southwind Extension District, 210 S. National Fort Scott, KS 66701, (620) 223-3720 Work (620)224-6031 Cell, [email protected]

According to the University of Nebraska Extension Professor Bruce Anderson, while it may be uncomfortable [outside] for you and me, it is particularly hard on livestock out on pasture. To help them survive, much less thrive, under these conditions, they need plenty of good, clean water.

Not only do they need plenty of good, clean water – they need it close by. Once upon a time, it was common to make cattle walk a mile or more to water. And they’d do it.

But just think how hard it is on animals in this heat and humidity. Once they get to the water, the last thing they want to do is turn around and go all the way back to where they came from to graze. As a result, they do little grazing more than a half mile away from water.

In fact, research shows that when cattle need to travel more than 1000 feet to water, they spend less time grazing, they burn off pounds walking, and they graze distant areas incompletely.

So, how can you improve your water and grazing distribution?

More ponds, wells, windmills, and dugouts will help, but they can get expensive. Plus, they can only be placed in certain locations and can’t be moved.

So maybe a pipeline would be better. They can be put almost anywhere. And if you want to add more water locations, pipelines can be tapped into anywhere along the line. You might even qualify for cost-share dollars to help pay for the installation. Check with your local Natural Resources Conservation Service office for more information. You also can leave your pipe on top of the ground, saving trenching costs, if you only need water during the growing season. Over time, water improvements pay for themselves with better grass and improved animal performance.

Contact your local Southwind Extension District office in Fort Scott, Erie, Iola, or Yates Center for more details. I am happy to visit with you about your livestock watering systems, and am available via e-mail at [email protected], by telephone at 620-223-3720, or for on-site farm visits.

Bourbon County, Government

Bourbon County Commission Agenda July 10

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Agenda

Bourbon County Commission Room

2nd Floor, County Courthouse

210 S. National Avenue

Fort Scott, KS 66701

Tuesdays starting at 9:00

Date: July 10th, 2018

1st District-Lynne Oharah Minutes: Approved: _______________

2nd District-Jeff Fischer Corrected: _______________

3rd District-Nick Ruhl Adjourned at: _______________

County Clerk-Kendell Mason

9:00-9:45-Jim Harris

9:45-10:00-Ben Cole

10:00-10:15-Patty Love

11:00-12:00-Justin Meeks

12:00-1:30-Commissioners gone to lunch

1:30-Lora Holdridge-Staff in her office-Executive Session

Justifications for Executive Session:

          Personnel matters of individual non-elected personnel

          Consultation with an attorney for the body or agency which would be deemed privileged in the attorney-client relationship

          Matters relating to employer-employee negotiations whether or not in consultation with the representative(s) of the body or agency

          Confidential data relating to financial affairs or trade secrets of corporations, partnerships, trusts and individual proprietorships

          Preliminary discussions relating to the acquisition of real property

          Matters relating to the security of a public body or agency, public building or facility or the information system of a public body or agency, if the discussion of such matters at an open meeting would jeopardize the security of such public body, agency, building, facility or information system

Obituary

Obituary Of John Foulk

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John Dewane Foulk, age 83, a resident of Ft. Scott, Kansas, passed away Saturday, July 7, 2018, at the Mercy Hospital in Joplin, Missouri.
  He was born October 5, 1934, Arcadia, Kansas, the son of John Foulk and Mae Swafford Foulk.
John graduated from the Bible Baptist Seminary in Arlington, Texas.  He married Minnie Walker and the couple lived for many years in Reno, Nevada, where they owned and operated several wedding chapels.  Following Minnie’s death, he married Addie Jeffrey on March 25, 2001, in Reno.  They later moved to Ft. Scott.  John was currently serving as pastor of the Brethren/New Beginnings Church.
 John enjoyed visiting with people and loved to share the gospel message. 
 
Survivors include his son, Matthew Foulk, of Ft. Scott and several step-children and step-grandchildren who he considered as his own.  Also surviving are two brothers, Larry Foulk of Wichita, Kansas and Bradley Foulk, of Sun City, Arizona and a sister, Dianna Coates, of Mulberry, Kansas.  In addition to his wives, he was preceded in death by a brother Donald O. Foulk.
 
Pastor Larry Stevicks will conduct funeral services at 1:00 P.M. Friday, July 13th at the Brethren/New Beginnings Church located at 1421 S. Margrave in Ft. Scott.
 Following services, there will be cremation. The family will receive friends from 5 to 7 P.M. Thursday at the Cheney Witt Chapel.
 Memorials are suggested to the Brethren/New Beginnings Church and may be left in the care of the Cheney Witt Chapel, 201 S. Main, P.O. Box 347, Ft. Scott, KS 66701.  Words of remembrance may be submitted to the online guestbook at cheneywitt.com.
Obituary

Obituary Of Lloyd Howser

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Lloyd L. Howser, age 75, a resident of rural Ft. Scott, Kansas, passed away Thursday, July 5, 2018, at the Mercy Hospital in Ft. Scott.
  He was born December 4, 1942, in Oklahoma City, Oklahoma, the son of Charles N. Howser and Virginia Maxon Howser.  Lloyd grew up in California.  He later served with the United States Army during the Vietnam War where he was in charge of NCO Clubs.  Following his military service, Lloyd worked for the Corp of Engineers in California for eighteen years where he served as park manager.
While in California, Lloyd served as a 4-H leader.
Following his retirement, he relocated to Ft. Scott where he worked for Mercy Hospital for over fifteen years.  While at Mercy, Lloyd worked as a physical therapy tech and later a pharmacy tech.  In addition to working at the hospital, Lloyd maintained his own farm and cattle operation.
  Lloyd said he was happiest when he was on his tractor.  Lloyd had served as President of the Ft. Scott Farm Bureau and was a past member of the First Christian Church of Ft. Scott. 
 
Survivors include his wife, Judy, of the home; two sons, Charles Howser and Michael DelChiaro, both of Ft. Scott and five grandchildren, Nathan Howser and wife, Allison, Chase, Hayes and Brock Howser and Bella DelChiaro.  Also surviving are two sisters, Mary Ann Dykstra and Jeannette Lovejoy.  He was preceded in death by his parents.
 
Following cremation, a graveside service will be held at 10:30 A.M. Saturday, July 14th at the Lath Branch Cemetery.  A reception will follow at the Thomas home, 2523 Locust Rd in Ft. Scott.  Memorials are suggested to the of University of Kansas Cancer Research and may be left in the care of the Cheney Witt Chapel, 201 S. Main, P.O. Box 347, Ft. Scott, KS 66701.  Words of remembrance may be submitted to the online guestbook at cheneywitt.com.
Airport, Fort Scott, Government

Airport Receives Two Grants To Update

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Fort Scott Airport runway.

In June, the Fort Scott City Commission approved a Kansas Department of Transportation grant in the amount of $109,600 for the Automated Weather Observation Station upgrades at the airport with the city match of $12,118.

Fort Scott Economic Development Director Rachel Pruitt, along with Fort Scott Airport Director Kenny Howard informed the commission that the city received this and another grant from K.D.O.T.

Howard stated that the A.W.O.S. upgrade is badly needed at the Airport as the current system is about 19 years old, according to the meeting minutes.

“The A.W.O.S. is the on-field reporter of weather, visibility, etc.,” Howard said.

Fort Scott Airport Office.

The other grant received from K.D.O.T. is for lighting the runway, Howard said.

The PAPI (Precision Approach Path Indicators) and REIL (Runway End Identifier Lights) Grant from KDOT is for runway lighting at the airport in the amount of $177,462. The city match for the grant is $19,718.

The commission discussed the airport 2,100-foot runway extension and how this lighting would be affected, according to the minutes.

Kenny stated that the grant can be delayed if the runway extension occurs within the next two years.

“We are waiting for more grant money for the extension,” Howard said.”The design for the runway extension is not completed yet.”

Pruitt stated that she is applying for another grant for the extension July.

The office and pilots lounge of the Fort Scott Airport.

Bourbon County Local News