Economic Development Alliance Highlights Strong Finances, Housing Push at April Meeting
April 22, 2026
The Thomas County Economic Development Alliance convened for its regular monthly meeting on April 22, working through a full agenda that highlighted financial stability, ongoing business development efforts, and a continued emphasis on housing and long-term community growth.
The meeting opened with routine approvals, as board members unanimously approved both the agenda and financials for the month ending March 31. Financial reports indicated the organization remains in a strong position early in the year, with steady balances and no immediate concerns regarding operations.
A key discussion point centered on the City of Colby sales tax fund and how interest generated from those accounts could be utilized. Board members revisited a strategy to use accrued interest to help offset operating costs for the alliance, allowing both the city and county to maintain consistent funding contributions without increases.
Additional financial updates included progress at the Colby Municipal Airport, where a significant grant—approaching half a million dollars—was awarded to support construction of a new city-owned hangar. The project, estimated at $1.7 million, will now require far less local investment than initially anticipated, reducing the financial burden on development funds.
Loan activity across the alliance’s portfolio remains steady and positive. All current loans are up to date, with one expected to be paid off by mid-year and another anticipated to close out before the end of 2026. Officials noted that maintaining healthy repayment trends continues to strengthen the alliance’s ability to reinvest in future projects.
In the Director’s Report, Executive Director Vernon Hurd provided updates on a wide range of initiatives. Two local students, Sophia Stramel and Makenna McCoy, were recognized for advancing to the state level in the Kansas Youth Entrepreneur Challenge, reflecting continued engagement in youth entrepreneurship programs.
On the business development side, the alliance is currently working through multiple prospective projects. Two new loans have recently been initiated, while another remains under consideration. That project, which involves a proposed retail and rental concept, has required coordination among four separate financing partners. While the alliance’s portion would remain relatively small—approximately $20,000—board members emphasized the importance of securing sufficient collateral and ensuring long-term viability before moving forward.
Another potential business transition involving an established local operation has been delayed, with ownership opting to postpone a sale for at least another year. The alliance plans to revisit that opportunity in the future.
Several new and ongoing developments across Colby were also highlighted. Los Jarochos has officially opened its indoor restaurant space, expanding from its food truck operations. A local housing project converting a former church into residential units continues to progress, with completion expected later this fall. Additionally, early discussions are underway for a potential bakery startup, with efforts focused on collaboration opportunities to improve long-term sustainability.
Housing remains a central concern for the alliance. Conversations during the meeting reinforced the need to stay ahead of projected demand, particularly as workforce growth continues. Board members discussed the possibility of recruiting an experienced low-income housing developer to the community, as well as exploring additional partnerships and incentive programs. Recent changes to the Kansas Housing Co-Op program, including new limitations on duplex eligibility, were also noted as potential challenges moving forward.
The alliance is also exploring participation in a regional “Shark Tank”- style pitch competition, though staffing changes in partner counties have slowed progress. Organizers remain hopeful the initiative can move forward with additional support.
Emerging economic opportunities were part of the discussion as well, including the potential for data center development in Kansas. Vernon reported that the state is taking a leading role in regulating the industry, with strict requirements on water usage, infrastructure costs, and environmental impact. While such facilities typically bring a limited number of permanent jobs—estimated between five and ten—they could generate significant revenue through utility usage and local taxation.
In old business, the alliance continues evaluating how to best deploy $200,000 in ARPA funds, with a focus on tourism and community development projects in partnership with local organizations.
The meeting concluded with approval of the proposed 2027 budget, which includes a modest 4 percent increase request from both the city and county. If those increases are not approved, the alliance plans to again rely on interest income from sales tax funds to bridge the gap.
Overall, the April meeting reflected an organization balancing steady financial footing with forward-looking initiatives, particularly in housing, workforce development, and business recruitment—areas expected to shape Thomas County’s economic trajectory in the years ahead.