TEFFI SEED Grant 2024
Ends on
Purpose:
The purpose of TEFFI: SEED grants is to support the economic revitalization of Kansas communities under 5,000 population through investments in quality-of-life initiatives.
TEFFI: SEED grants are funded under the Technology-Enabled Fiduciary Financial Institutions Development and Expansion Act (KSA 09-2324), which was enacted in 2021 to promote and facilitate the development and growth of trust banks in Kansas; regulate fiduciary financial activities and custodial services and Kansas; and to locate trust bank office space in economic growth zones in rural Kansas.
The partnerships with these financial organizations have generated funds that the SEED program will distribute to help these small rural communities prosper. The TEFFI: SEED grant program is administered by the Kansas Department of Commerce.
Additional scoring points will be awarded for the following:
- Greater match than 10%
- Organizational support from at least one other community partner (Economic Development Organization, Chamber, City, County, Foundation, etc.)
- Projects that are "shovel ready" and can be completed in 12 months (Shovel Ready means that the site/building is ready for construction/rehabilitation, has completed any needed environmental/historical inspections and infrastructure is in place at the site.)
Program Timing:
- Applications will open on Monday, September 16, 2024, and will close on Friday, November 8, at 11:59PM.
- All applications will be reviewed by the Department of Commerce for allowability and will be competitively scored. Awards are expected to be announced in December.
- Grant activities must begin within 4 months of a fully executed grant award document.
- All grant activities must be completed within one year of the award date.
- Expenses must be incurred AFTER execution of a grant agreement with the Department of Commerce to be eligible for funding under TEFFI: SEED grants.