A NetWork Kansas E-Community has made a commitment to cultivating an entrepreneurial environment by identifying and developing resources to help local entrepreneurs start or grow businesses. This includes the City of El Dorado.

Selected communities partner with NetWork Kansas to establish a locally-administered loan fund to assist entrepreneurs with capital, to increase connectivity to resources available to assist entrepreneurs and small businesses, to initiate activities to generate entrepreneurial development, and to participate in a statewide partnership with other E-Communities.

The E-Community Partnership has grown from six communities in 2007 to sixty through 2017. More than $15.4 million has been loaned to over 480 businesses leveraging an additional $75 million of additional capital (bank loans, owner down payment, resource partner loans, etc.).

For more detailed information visit https://www.networkkansas.com/ecommunities/e/resources-for-e-communities

Goals of the E-Community Partnership

  • Grow a flourishing, sustainable entrepreneurial environment supportive of business startups and expansions
  • Engage and/or develop entrepreneurial resources to meet identified community and business needs
  • Create a revolving loan fund to provide matching loans to entrepreneurs and small businesses with local control of decisions and terms
  • Forge a community vision centered around entrepreneurship as a tool for economic development

Components of an E-Community

A NetWork Kansas E-Community has made a decision to proactively pursue entrepreneurship as an economic development strategy.  The following components are present in all 60 E-Communities: 

  • Local leadership teams, committed to meeting regularly to provide the overall direction and leadership for the E-Community and to discuss ways to create a flourishing environment
  • Local financial review board, tasked with acting as the loan committee for E-Community loan applications
  • Locally-controlled revolving loan fund
  • Active engagement with local sources of public and private funding
  • Access to a statewide network of over 500 partners, focusing on connecting entrepreneurs and small business owners to the education, expertise and economic resources they need
  • Access to entrepreneurship programming designed to benefit different types of businesses
  • A marketing fund to support the development and/or implementation of special projects and initiatives