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)
The KCMO CDE is proud to be an Affiliate Partner of New York-based Workshop in Business Opportunities (WIBO). We offer the WIBO 16-Week Workshop, How to Build a Growing Profitable Business, to support the startup and growth of entrepreneurs from low-income and underserved communities. The WIBO 16-Week Workshop is held twice per year in the spring and fall.
Enrollment is now open for the fall 2014 session beginning on Thursday, September 25th.
The Workshop in Business Opportunities (WIBO) 16-Week Workshop: How to Build a Growing Profitable Business is for entrepreneurs currently running a business or who plan to open a specific business within one year. WIBO is comprehensive and rigorous, combining extensive curriculum, a supportive and interactive class format, the expertise of business owners and subject experts, guest speakers, and mentoring to offer participants a truly unique experience. Participants learn the skills and confidence necessary to start and manage all aspects of their own business. With a strong emphasis on marketing and financials, participants learn how to build a profitable business model.
Visit the WIBO website to learn more. 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.
- The KCMO CDE is proud to be an Affiliate Partner of New York-based Workshop in Business Opportunities (WIBO). We offer the WIBO 16-Week Workshop, How to Build a Growing Profitable Business, to support the startup and growth of entrepreneurs from low-income and underserved communities. The WIBO 16-Week Workshop is held twice per year in the spring and fall. Enrollment is now open for the fall 2014 session beginning on Thursday, September 25th.