Economic Development

Nex-Tech Economic Development serves as a liaison between individuals, local businesses, and organizations interested in improving the economic climate of Northwest Kansas. These groups can include local Chambers, Northwest Kansas Planning and Development, Western Kansas Rural Economic Development Alliance, Kansas Department of Commerce and Housing, Small Business Development Centers, educational institutions, city municipalities, and county governments.

What is the Revolving Loan Fund (RLF)?
Nex-Tech’s RLF helps to stimulate local economic growth by leveraging as much private capital as possible for qualified economic activities to promote rural development and job creation projects.

What are eligible activities?
Projects must demonstrate that they are economically viable. Business start-up, expansion, and community development projects are all eligible activities. The objective of creating and retaining permanent private sector jobs requires that the overall project feasibility and job creation potential be emphasized. The focus of the RLF is to promote growth while supporting development, which diversifies the region’s economy.

What are ineligible activities?
Ineligible activities consist of such activities as: debt refinancing without an expansion, speculative land purchases, projects of residential nature, transfer of ownership without expansion, and 100% working capital loans. These are examples and are not intended to be all-inclusive. Each activity will be evaluated on a project-by-project basis.