USDA
TOPEKA — U.S. Department of Agriculture Kansas State Director for Rural Development Christy Davis recently announced the department is investing $7,168,490 in loans and grants to help create new and better market opportunities and expand essential services for rural people, businesses and entrepreneurs in rural Kansas communities.
For example:
- A $6,971,000 loan will help refinance debt held by another lender for Triple Crown Jayhawk LLC of Gove County. Triple Crown Energy specializes in acquiring, developing and operating oil and gas properties in a variety of basins in the continental U.S. One of Triple Crown's subsidiaries, Triple Crown Jayhawk LLC, owns and operates producing wells in Ness, Gove and Hodgeman counties.
- A $178,607 grant will help provide technical assistance to rural grocery stores transitioning to mutually owned business models, including the cooperative model in rural communities. The Rural Grocery Initiative will work with Kansas State University and partners across Kansas to enhance and deliver cooperative development services. The primary objective is improving the economic condition of rural areas through cooperative development. This project will assist 30 businesses and save two jobs.