Kansas Lieutenant Governor and Secretary of Commerce David Toland announced Friday, Dec.
16, that 61 recipients have been awarded nearly $2.7 million in Strategic Economic Expansion and Development grants.
He said the grants are meant to invest in small communities across the state.
"These investments will set the stage for future economic development success and prosperity across the state," Toland said, per WIBW.
The grants, awarded through the Technology Enabled Financial Institutions Development and Expansion Fund, are meant to invest in childcare or senior programming, community vibrancy, food services, and libraries.
The Kansas Department of Commerce noted that those awarded grants are required to be in a community with a population of 5,000 people or less, to provide a minimum 10% match and to finish the project within one year.
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Senay Ataselim-Yilmaz, Chief Operating Officer, Turkish Philanthropy Funds, writes that philanthropy often solves the very problems that stems from market failure. Some social issues, however, cannot be tackled by questioning the return on investment.