State Incentives

The state of Kansas has programs available for companies that make investments in capital and net new employees within the state of Kansas. OPEDC staff is available to offer assistance and coordination with these, and other, incentive programs offered by the Kansas Department of Commerce or Kansas Bioscience Authority. 

• Kansas Economic Opportunity Initiatives Fund - Provides loans for projects that create or maintain jobs and invest new capital in the state.
• Investments in Major Projects and Comprehensive Training (IMPACT) - Finances capital costs associated with a project's new jobs, including workforce training, relocation expenses, labor recruitment, building purchases and equipment.
• High Performance Incentive Program - Incentives include sales tax exemptions, an investment tax credit and a workforce training tax credit for companies that pay above-average wages.
• Enterprise Zones - Manufacturing companies that create at least two net jobs and non-manufacturing companies that create at least five net jobs are eligible for a sales tax exemption, job-creation tax credits and investment tax credits.
• Kansas Industrial Training - Designed for new and expanding businesses creating at least five jobs, this program provides pre-employment and on-the-job training.  There is also a similar program available for existing Kansas employers that are expanding their operation- Kansas Industrial Retraining. 
• Machinery & Equipment Tax Exemption - eliminates property taxes on business machinery and equipment purchased after July 1, 2006. The bill also raises the exemption for "low-cost" items from $400 to $1,500, which will reduce paperwork. Finally, it provides assistance to local governments to compensate for the loss of local tax revenues.

For more information on incentive programs in Kansas visit the Kansas Department of Commerce, Kansas Department of Revenue and Access Kansas.

Kansas Bioscience Authority

Created in the Kansas Economic Growth Act of 2005, the Kansas Bioscience Authority (KBA) is a state entity charged with investing $580 million into the bioscience industry in Kansas.  The KBA selectively invests in existing Kansas bioscience companies, progressive out-of-state bioscience companies seeking to relocate, commercialization-promising university-related bioscience research projects and entrepreneurial start-up companies in the bioscience field.  Incentives can take the form of relocation assistance, infrastructure & wet lab construction, off-setting R&D costs, and recruit researchers and train support staff.