Welcome to the Kansas City, Missouri Community Development CDE (KCMO CDE) website.
The KCMO CDE is a 501(c)(4) community development entity committed to creating opportunities in Kansas City's most economically distressed communities.
Whether it is providing financing to a business or catalytic development project through the New Markets Tax Credit (NMTC) program, financing property improvements through its façade improvement loan program, supporting microlending to start-up and small businesses, or helping to deliver services and resources to small business owners and residents of low income communities (LICs) through its many strategic partners, the KCMO CDE is dedicated to promoting and supporting innovative, targeted and collaborative economic and community development initiatives to help build and grow vibrant, sustainable and prosperous communities throughout Kansas City, Missouri.
KCMO CDE Awarded $38MM in NMTC
- The KCMO CDE was recently awarded $38 million in New Markets Tax Credit (NMTC) from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) allocation under the 2013 funding round. This is KCMO CDE’s fourth allocation award since 2008, bringing the total amount of tax credit allocation received to $158 million. The KCMO CDE was one of only 87 community development entities (CDEs) to be selected out of a pool of 310 applicants from across the country.
To date, the KCMO CDE has helped to facilitate financing for 11 investments ranging from operating businesses to real estate development projects all located in historically underinvested and under-resourced communities in Kansas City, Missouri. It has, and will continue to, use its allocation of tax credits to help finance a variety of real estate investments including industrial/manufacturing facilities, mixed-use, commercial and office developments, as well as educational and community facilities. It will also continue to actively finance the working capital, equipment & machinery, and other CAPEX needs of operating businesses located in eligible census tracts.
The KCMO CDE will officially open up its next round of request for proposals (RFP) for NMTC facilitated financing on June 30, 2014 at which time prospective businesses, organizations, and real estate development entities will be able to begin submitting to the KCMO CDE a preliminary investment/project eligibility checklist and full application. Both the checklist and application are available on the KCMO CDE's website at http://kcmocde.org/nmtc.html.
For specific questions about the NMTC Program, please contact the KCMO CDE’s Executive Director Ruben Alonso III at 816-216-1851, ext. 2 or email@example.com.
Workshop in Business Opportunities (WIBO)
This February, the KCMO CDE welcomed the second cohort of participants to its
Workshop in Business Opportunities (WIBO) program. The WIBO 16-Week Workshop, How to Build a
Growing Profitable Business, is for people who are currently operating or plan to start a
business. Our objective is to help participants start and build a successful business that contributes
to financial empowerment and job creation for them, their family, and their community.
The WIBO 16-Week Workshop is a three-hour workshop, held once a week in the evening. The workshop runs February through June 2014, and again September through January 2015.
If you are interested in this program or have any questions about the WIBO workshop, please contact Amanda Wilson at 816-216-1851 or email firstname.lastname@example.org.
The Community Capital Fund
- The Community Capital Fund was founded with an initial grant by the KCMO CDE in 2012 to support innovative and measurable community development in historically under-invested and under-resourced areas of Kansas City, Missouri. The CCF supports community development and neighborhood capacity building in Kansas City through thoughtful and targeted programming with the Neighborhood Opportunity Grant program and the Community Development Workshop to transform communities of distress into communities of opportunity. Visit the CCF website to learn more.
- This February, the KCMO CDE welcomed the second cohort of participants to its Workshop in Business Opportunities (WIBO) program. The WIBO 16-Week Workshop, How to Build a Growing Profitable Business, is for people who are currently operating or plan to start a business. Our objective is to help participants start and build a successful business that contributes to financial empowerment and job creation for them, their family, and their community.