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Business and Community Development Newsroom

Posted on: November 21, 2011

NetWork Kansas announces job creation and capital investment figures for fiscal year 2011

NetWork Kansas released on Nov. 10 its fiscal year 2011 annual report. The report is available to the public as a download on www.networkkansas.com. NetWork Kansas, also known as The Kansas Center for Entrepreneurship, released information about the organization's statewide activity and economic impact during the period of July 1, 2010, through June 30, 2011. The report includes information on job growth, capital investment, startup activity, and summaries of new programs that increase capital availability and access to resources for Kansas businesses.

During FY 2011, NetWork Kansas assisted more than 1,300 entrepreneurs through the organization's call center clearinghouse, helping them find resources to start a business, expand a business, move a business to Kansas, navigate regulations, and locate funding.

Through the organization's StartUp Kansas and Entrepreneurship (E-) Community funding programs, NetWork Kansas has awarded more than $4.2 million in matching loans and grants to Kansas businesses since 2007, leveraging $29.6 million in total capital. The report announces that this funding spurred the creation or retention of a total of 283 net jobs during FY 2011 alone. Businesses who received NetWork Kansas funding have created or retained nearly 1,200 Kansas jobs since these two programs launched.

Preliminary reports regarding The Kansas Economic Gardening Network pilot program and the Kansas Entrepreneurial Communities Initiative (KECI) are presented in the report along with information about the new Kansas Capital Multiplier Loan and Venture Funds, which provide a source of more than $13 million of capital for Kansas businesses.

NetWork Kansas underwent a strategic realignment during the FY 2011, splitting the organization into two complementary departments to maximize utilization of resources to facilitate implementation of statewide programs and the Entrepreneurship (E-) Communities partnership. Steve Radley transitioned from director to president and CEO, where his focus will be on creating strategies for developing and deploying NetWork Kansas' increasingly broad portfolio of resources to deliver long-term economic growth for Kansas.

Erik Pedersen transitioned from associate director to director of entrepreneurship Communities and will oversee the development and operation of the organization's innovative Entrepreneurship (E-) Communities initiative. NetWork Kansas welcomed Corey Mohn as the director of statewide programs in August 2011. Mohn most recently worked for the City of Lawrence as economic development director after serving as the inaugural program manager for the Kansas Department of Commerce’s Office of Rural Opportunity.

Restructuring allows NetWork Kansas to deliver a continued high level of service to these programs while providing an enhanced level of program clarity and new opportunities for collaboration.

These changes reflect NetWork Kansas' commitment to providing entrepreneurial resources to Kansans at a widespread, community level and will result in increased economic growth during 2012. To read the full report, including additional detail on job creation, business growth and capital investment, visit www.networkkansas.com.

To learn more about the Kansas Capital Multiplier Fund and NetWork Kansas' other Statewide Programs, contact Corey Mohn, director of statewide programs, (785) 296-6611 or cmohn@networkkansas.com.

To learn more about the E-Community Partnership, contact Erik Pedersen, director of e-communities, (316) 978-7310 or epedersen@networkkansas.com.

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. Backed by more than 480 partners statewide, the NetWork Kansas service promotes an entrepreneurial environment by connecting entrepreneurs and small business owners with the expertise, education and economic resources they need in order to succeed. For more information about NetWork Kansas, visit www.networkkansas.com or call (877) 521-8600.

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