Thousands of businesses across Kansas hope to dip their toe in a pool of $138 million in federal funds for COVID-19 pandemic recovery. On Wednesday, Aug. 26, the governor’s office announced more than 7,000 businesses and nonprofit organizations applied for Strengthening People and Revitalizing Kansas (SPARK) Economic Development and Connectivity grants in the first week of the application process that began Aug. 19. Of the 7,000-plus grant applications submitted, more than 5,000 were for Small Business Working Capital (SBWC) grant funds, according to the governor’s office. The SBWC grants are available for Kansas businesses with fewer than 500 employees, according to the state Department of Commerce. The funds can be used to pay working capital expenses such as payroll, rent, mortgage insurance, utilities, inventory and other expenses, according to a commerce department news release.
Source: The Miami County Republic
