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Incentive
Programs
Training Programs
INCENTIVE PROGRAMS
Energy
Incentives
Aquila
offers an economic development rate to new customers with a
minimum requirement of 50 Mcf per day or to existing customers
that expand their facilities or operations such that incremental
gas requirements are increased by more than 50 Mcf per day and
annual gas consumption increases by 5% or more.
During the first year, the firms would qualify for a 60% of
margin reduction in their bill.
The reduction decreases to 40% of margin the second year
and at the end of the second year, the discounts will cease.
Contact:
Aquila 800-699-1264
Aquila
offers a four-year rate reduction plan known as the Economic
Development Incentive Rate. The
plan is available to qualified new and expanding firms, creating
load requirement in excess of 50 kW.
During the first year, the firm would qualify for a 40%
reduction in their bill. The
reduction decreases 10% each of the remaining three years of the
plan.
Contact:
Aquila 800-699-1264
Victory
Electric
offers an economic development rate.
The rate declines over a five or six year period and can be
used for loads in excess of 10kW with a load factor of 36% or
greater.
Contact:
Victory Electric Cooperative (620) 227-2139
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Enterprise Zone
Manufacturing
businesses may be able to receive sales tax exemptions and state
income tax credits if they create a net two (2) jobs.
Non-manufacturing businesses must create a net five (5) new
jobs. Income tax
credit of $1,000. per $100,000. of
investment.
Job
creation tax credit of $1,500. per net new job; the credit is
$2,500. if located in a designated non-metropolitan region.
Retail firms located in the Ford County cities with
population under 2,500 may qualify for incentives.
A firm is generally retail for the purpose of this act if
it is primarily engaged in the sale of goods or services at
retail. The Kansas
Department of Revenue will determine if an individual firm is
“retail” on a case by case basis.
Contact:
Kansas Department of Commerce & Housing, Business
Development (785) 296-5298 or
busdev@kansascommerce.com
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Property
Tax Abatement
Businesses
that purchase or expand property for the purpose of: a) manufacturing articles of commerce; b) conducting research
and development; or c) storing goods or commodities which are sold
or traded in interstate commerce may qualify for property tax
abatement with proper approval of the City or County governing
body, with final approval from the State Board of Tax Appeals.
Certain uses financed by Industrial Development Bonds may
also qualify for property tax abatements.
(this has to be approved by the State prior to the
issuance).
Contact:
Dodge City/Ford County Development Corporation (620)
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Trade
Show Assistance
Kansas
Trade Show Assistance Program (KTSAP)
is a financial assistance program that encourages Kansas companies
to explore foreign markets through participation in trade shows. Upon
approval prior to the trade show, the program will reimburse
one-half of a company's eligible direct expenses, not to exceed
$3,500 per foreign show and $1,500 per domestic show that attracts
foreign buyers. A company may not exceed $3,000 for domestic
shows or $7,000 in total combined financial assistance during the
state's fiscal year.
Contact:
Kansas Department of Commerce & Housing, Trade
Development Division (785) 296-4027 or
ksintl@kansascommerce.com
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Research
& Development Credit
State
income tax credits of 6.5% of qualifying expenditures in research
and development activities (above the average investment for such
activities over the past two taxable years) may be claimed.
Credit is limited to 25% of the total amount of the credit
plus any applicable carry forward in any one taxable year. The amount of any remaining unused credit may be carried
forward until the total amount of the credit is used.
Contact:
Kansas Department of Revenue 1-877-526-7738
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TRAINING PROGRAMS Kansas
Industrial Training
Kansas Industrial Training (KIT)
program is a comprehensive and flexible work force training
program designed to respond to the specific needs of new and
expanding firms creating new jobs.
Priority is given to Kansas basic industries-firms involved
in manufacturing, regional or national service, interstate
distribution, agriculture, mining, research and development,
interstate transportation and some tourism activities.
KIT funds can be used for instructor salaries, travel
expenses, curriculum planning and development, textbooks and
materials, and other training related costs.
The program is administered on a first come first served
basis.
Grants average $700 to $800 for each new job.
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Kansas
Industrial Retraining
Kansas
Industrial Retraining (KIR)
program is a job retention tool which assists employees of
restructuring industries who are likely to be displaced because of
obsolete or inadequate job skills and knowledge.
Eligible training expenses are identical to that of the KIT
program. KIR
guidelines require a dollar for dollar match.
The program is administered on a competitive basis in 6
rounds each year.
The
Investments in Major Projects and Comprehensive Training
(IMPACT)
This program has two major components: State of Kansas
Investments in Lifelong Learning (SKILL) and the Major Project
Investment (MPI) funds. SKILL funds are used for workforce
training costs and can cover training costs similar to the KIT
program. MPI funds cover other expenses associated with
business expansion or relocation. Under some circumstances,
IMPACT may be used as a job retention tool.
Contact:
Kansas Department of Commerce & Housing Business
Development (785) 296-5298 or
busdev@kansascommerce.com
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Work
Opportunity Tax Credit and Welfare-to-Work Tax Credit (WOTC/W2W)
These programs are federal income
tax credits that encourage employers to hire certain job seekers
and reduce employer federal tax liability. The WOTC/W2W
program was designed to help people move from welfare to work and
gain on-the-job experience. WOTC/W2W joins other education
and training initiatives and targeted tax credits that are helping
American workers prepare for good jobs; ease the transition from
job to job; and create high performance workplaces.
Contact: Job Service Center
(620) 227-2149
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The
High Performance Incentive Program
The
High Performance Incentive
Program is aimed at retaining high performance Kansas firms
and attracting new high quality firms to Kansas.
All firms must meet specific wage and training levels.
To satisfy the training requirement, a firm must invest 2%
of total wages paid in employee training, or it must participate
in KIT, KIR, or IMPACT work force training programs.
For some types of businesses, aggregate sales to
out-of-state businesses and government agencies, and to Kansas
manufacturers, must exceed 50% of revenues.
Generally, the following industries are not eligible for
the program: retailers,
mining, agriculture, and construction.
Headquarters and back-office operations are potentially
eligible, no matter what industry they are connected with.
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