Economic Incentives
- Tax Abatement: Year 1-5 100%, year 6 -80%, 7-60%, 8-40% 9-20% based on Job creation and Investment. This does not apply to Retail/Call Centers or Professional Services Firms.
- Infrastructure and Free or Long Term Lease Land is available along with vacant buildings based on Job creation and investment. This would be in the form of grants or other incentives.
- Low Interest Loans are available for building and equipment purchase.
- Kansas Economic Opportunity Investment Fund: This is a 5 year 0% interest, forgivable loan for site improvements, building construction, machinery and equipment. This is based on headcount and wage.
- Kansas Industrial Training: Provides funding to train new and existing Kansas Workers.
- Enterprise Zone Program: Provides Corporate Income Tax Credits for net new job creation and capital investment.
- Sales Tax Exemption on items used to construct, remodel, furnish and equip q facilities.
- High Performance Incentive Program allows Corporate tax credits for new capital investment.
- Community Development Grants: Low interest financing for construction, machinery, equipment and Grants/Loans for Infrastructure.
- Personal Property Tax Exemption for sole proprietors on commercial machinery and equipment brought into the state after 30, June 2000.
- Kansas Bioscience Authority: Provides Research Matching Funds, research and development vouchers, tax investment incentives and development financing for Bioscience R&D.
- The Great Plains Industrial Park is prepared to offer full incentive packages for those companies that generate a substantial number of jobs at or above the prevailing wage rate and the full spectrum (Labor, Management and Technical Staff) of employees living within Labette County.
Many more state and local incentives are available. Please
contact us for details concerning your type of industry.
Shouldn’t your company be looking for opportunity in Labette County?
