SubmittedUpdated Entrepreneurship Tax
Credit Now Available to Banks &amp; Savings and Loans Wichita- On Friday NetWork Kansas announced Bank of Hays has made a commitment
to be an Anchor Supporter of NetWork
Kansas in an effort to provide small businesses with additional support. Anchor
Supporters are banks making a significant contribution through participation in
the Entrepreneurship Tax Credit. Banks can now utilize up to $100,000 in
credits annually. Bank of Hays has three branches in addition to the main bank in
Hays,&nbsp; Hanston State Bank, Farmers
State Bank of Jetmore, and Bank of Lewis.Funds donated provide capital to the nationally-recognized
Entrepreneurship Community Partnership, statewide loan
programs, and entrepreneurship programming. E-Communities include 64
communities across the state. “Our E-Communities continue to innovate to ensure that
entrepreneurs and small businesses are connected to the capital and technical
assistance they need,” said Erik Pedersen, NetWork Kansas vice president. “Banks
are the number one source of capital and are, once again, stepping up to
provide support.”&nbsp; The Kansas Bankers Association in coordination with NetWork Kansas introduced Senate Bill 90 to allow banks and
savings and loans the opportunity to utilize the tax credit. Under the original
2004 legislation, financial institutions were not able to participate. The bill
also increases the previous cap of $50,000 for this 75 percent state tax credit for
any donor. Donors can now utilize up to $100,000 in credits. “We were pleased to lead efforts on Senate Bill 90 so that banks
across Kansas could support efforts to provide technical assistance and gap
funding to businesses in their area,” said Doug Wareham, KBA president &amp;
CEO. “More than 100 bankers serve on local Entrepreneurship Community
Leadership Teams that they can now support by taking advantage of the tax
credit.”Banks interested in participating in this tax credit program can
call 877.521.8600 and ask for Steve Radley or Erik Pedersen to make a
commitment or to learn more. 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.&nbsp;Backed by more than 500
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. NetWork Kansas facilitates
the development of an entrepreneurial ecosystem within participating
communities through the E-Community Partnership. Contributing factors to
successful development include availability of financial capital, support by
local leadership and development of educational resources. All of these factors
combine to increase entrepreneurial activity in participating towns, leading to
increased startup activity, business expansion, job creation and more. For
more information about the Entrepreneurship Community Partnership, visit <a href="http://r20.rs6.net/tn.jsp?llr=5ytsjdcab&amp;et=1108570333426&amp;s=1420&amp;e=001sikXnv3YNGc8ygcgLRMuTexs3GeA20-neOWJ6RPtMU22zf6b0-r2nZXSqJBfKWx8sGxxDqDYE4pSwPP84NweRmJoShwlbKEFU75FFIM16GrKgVpL1pHimg==">www.networkkansas.com</a>/ecommunities or
call <a href="tel:\877.521.8600">877.521.8600</a>.&nbsp;

NetWork Kansas Announces Another Anchor Supporter: Bank of Hays