Every state has some capital funds, special loan programs, and other interesting business financing tools. Most are available only in some locations, and many that are widely available, like USDA funding, have different contact people in different places. How do you make sense of all that? Kansas put it on a map.
A Map to Small Business Capital
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| Capital funds for small business in Kansas, mapped by county. |
Kansas state government put together the map of all kinds of capital funds available:
- angel investor funds
- matching loan programs
- regional foundations
- USDA programs
- rural cooperatives making loans
The info is divided by county, including the local contact person for the program. It all comes together here: Kansas Capital Funds map.
Simple and effective.
If you have responsibility for economic development in a multi-county area, you might consider doing something similar with incentives, support services, and capital funds.
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I really think this would be great if on the Island they did something like this. Although it would be up to the Business sector (because if we leave it to the government it would never get done.
Raul, this is exactly the kind of thing a private company could do. Would make a great project for a bank, or a B2B company.
This is an excellent idea Becky. The bigger challenge may be in getting a new start up to understand the amount of capital required, and the corresponding length of time required to produce a sustainable profit.
I have always thought that capital was mostly plentiful, even in a down economy, but what is lacking is an understanding of the timing required to produce a profit.
Eric, that is a completely different post. It is absolutely important. But so is knowing what sources are available in your particular area, especially for economic development pros.