The Kansas Department of Commerce announced today that Montgomery County will receive $365,000 in Community Development Block Grant (CDBG) funding through the economic development category.
The funds will be used by the county to make an equipment loan to Midwest Plastics Company, a manufacturer of molded and injected plastic products located near Cherryvale. The CDBG funds will be matched with $182,500 of private investment. The project will create 10.5 permanent jobs.
“I’m happy that the state and private sector could come together to help Montgomery County help a business create private-sector jobs,” said Kansas Commerce Secretary Pat George.
The Department’s Business and Community Development Division administers the CDBG program in non-metropolitan areas of the state. Economic development grants are given to cities or counties that, in turn, loan the funds to private businesses that can create or retain permanent jobs. Funding is also available for infrastructure improvements that lead to the direct creation or retention of permanent jobs in the private sector.
For more information about the CDBG program, go to KansasCommerce.com/CDBG.