FAQ Categories Economic Development Dates

How Do You Calculate Full-Time Equivalent (FTE) Employees?

Aug 31, 2020

Full-time equivalent (FTE) employees will be figured by the following formula: 40 Hour Week 0-5 hours0 Person6-15 hours1/4 Time Person16-25 hours1/2 Time Person26-35 hours3/4 Time Person36-40 hoursFull-time Employee

How Will I Receive The Grant Funds, If Approved?

Aug 31, 2020

Funds will be transferred from the Department of Commerce electronically to your bank after execution of a grant agreement.

When Will I Receive The Grant Funds After My Application Is Accepted And Approved?

Aug 31, 2020

At this time, there is no set timeline for distribution of grant funds. Those who are awarded funds will be notified individually of when funds will be transferred.

Who Will Determine Whether Or Not My Business Is Approved For A Grant?

Aug 31, 2020

Final decisions on grant awards are made by the SPARK Recovery Office.

When Will I Be Notified Of The Award Decision?

Aug 31, 2020

The Kansas Department of Commerce and its partners will review applications and make award decisions as quickly as possible while ensuring that awardees meet all state and federal requirements for funding. Notification of awards will occur as soon as possible.

How Quickly Will My Application Be Reviewed?

Aug 31, 2020

Applications will be reviewed on a rolling basis as they are submitted. We anticipate a high volume of applications submitted, and that will determine how quickly individual applications are reviewed and award decisions made.

When Does The Grant Award Have To Be Spent?

Aug 31, 2020

Per federal CARES Act guidelines, any awarded funds must be spent by December 30, 2020. Should this change, we will communicate that information to you.