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Douglas County and Lawrence update eCommunity entrepreneurship program; Network Kansas reports 40 local loans since 2011
Summary
County staff and Network Kansas told the Feb. 26 Douglas County Commission that local eCommunity programs have facilitated roughly 40 loans since 2011 totaling about $1.4 million and are expanding targeted programs for entrepreneurs of color.
County staff and partners on Feb. 26 presented an overview of the Douglas County and Lawrence Urban eCommunity entrepreneurship programs and the role of Network Kansas in providing gap financing, technical assistance and program coordination.
Network Kansas president and COO Eric Peterson described the eCommunity model as a locally administered gap-finance program that pairs state or philanthropic capital with local decision-making, saying the model pushes decisions "to the lowest level" so communities can match capital to local needs. Peterson described five loan programs overseen by Network Kansas and said the entity's funds are…
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