The Economic Development Commission Advisory Committee elected to move forward with the application process to become an E-Community, which would provide another revolving loan resource available to businesses in Junction City.

Through an E-Community the EDC would sell tax credits to raise approximately $132,000 to be used for revolving loans.

Ben Kitchens, EDC Chairman explained that there was concern about whether or not they would be able to sell enough tax credits. But E-Community staff explained that local CPA’s should be able to help.

“They have people that would be willing to buy them, and we had heard that Calvin Pottberg’s firm had no problem helping Manhattan get rid of their tax credits last year,” said Kitchens. “I’m pretty positive that we will be able to do that. We need to get verbal commitments for 50 percent of it by the application date of August 7th. I don’t really see a problem.”

Kitchens went on to say that they will be targeting more new business owners and new businesses in order to improve their situation.