Businesses investing in Chanute have access to a comprehensive and balanced package of financing and tax incentives ranging from tax abatements to job creation grants.
Depending on the economic impact the project would have in Chanute, individual communities partner with the CRDA to build custom packages to cover expenses such as machinery relocation, building development or purchase, personnel costs, start up costs, and even working capital.
LOCAL BUSINESS INCENTIVES
Businesses investing in Chanute and Neosho County have access to a comprehensive and balanced package of financing and tax incentives ranging from tax abatements to job creation grants. Depending on the economic impact the project would have in the county, individual communities partner with the Chanute Regional Development Authority to build custom packages to cover expenses such as machinery relocation, building development or purchase, personnel costs, start up costs, and even working capital.
CASH INCENTIVES/FORGIVEABLE LOANS
Incentives range depending on the number and salary rate of employees hired. Employees that live in or relocate to Neosho County can boost these incentives by adding an additional annual incentive based on employee residency. Typically, the city and county will match these terms, which doubles the incentives available to a new industry.
Businesses that are constructing new facilities in Chanute are eligible for abatements:
Industrial Revenue Bonds issued by the city/county to finance the project, providing up to a 10-year property tax abatement.
If the property is currently on the tax rolls, these abatements are also available but the rate of the abatement is based on the economic impact the project would have on the community. The reason for this requirement is to protect our community colleges and school districts, which heavily rely on existing property tax revenue to support the education of Neosho County students.
Chanute Regional Development Authority (CRDA) can assist companies wanting to access these programs. Our role is to serve as an ombudsman between the units of local government offering incentives and the investing company to achieve a positive result for all involved.
For more information on available incentives, contact Matthew Godinez at 620.431.5222 or firstname.lastname@example.org
STATE OF KANSAS INCENTIVES
Kansas offers a diverse economy perfect for your business. Building from an agribusiness base, the state today is thriving and competitive in manufacturing, professional services and wholesale and retail trades. But don’t just take our word for it. Ask the folks at CNBC, Forbes, Site Selection and Area Development magazines, all of which have named Kansas a premiere state for business.
Competitive financial incentives
Low operating costs and low cost of living
Leaders who know business
Highly skilled and educated workforce
Excellent transportation corridors
Strengthened efforts to grow business in Kansas are paying off, and we’re seeing a surge in key industries, such as Alternative Energy, Distribution, Bioscience, Advanced Manufacturing and Food Processing. Our state’s leadership is innovative and forward thinking, continuing to approve new programs to help promote our state for existing as well as targeted new industries.
Take a look at Kansas. You’ll like what you see.
BUSINESS AND COMMUNITY FINANCE AND INCENTIVES
The Kansas Department of Commerce offers a diverse portfolio of financial incentives for rural communities and businesses that are looking to locate or expand in Kansas.
Programs include retention of withholding taxes, investment tax credits, sales tax project exemptions and revolving loan funds for local infrastructure projects, as well as loans and/or grants to assist rural communities in improving infrastructure, housing and urgent needs to maintain and grow.
To apply for incentives email Craig VanWey at the KS Department of Commerce