Business Assistance

The success of any new business is largely contingent upon its location. For this reason, one the primary tasks of Pottawatomie County Economic Development Corporation is to assist new and existing businesses by providing a guide to business incentives on both the state and local levels. 
The links to our left help explain the many different ways you can receive assistance through us and our partners. Below is a description of different state and local business incentives that are available in Pottawatomie County and throughout the state of Kansas.

Local Incentive Programs

Westar Energy
 - Rate reduction plans for new and expanding existing businesses

USDA Rural Development Programs
Intermediary Relending Program (IRP)
- This provides 1% interest loan to local intermediaries that re-lend to businesses/community development projects.
Rural Business Development Grants (RBDG)
 - Grant that supports emerging private businesses that have fewer than 50 employees and less than $1 million in        Gross      Revenue.
Rural Economic Development Loan (REDL)
 - Zero interest loan to local utilities that pass through businesses that create and retain rural jobs. 
Rural Economic Development Grant (REDG)
 - USDA grant that funds utility organizations that plan to establish revolving loan funds for projects that create and retain     rural jobs. 

State Incentive Programs

Site Location Assistance
Business Recruitment Team
 - A Kansas Department of Commerce team that assists with site location needs 

Finance Programs
Promoting Employment Across Kansas (PEAK)
 - A new business incentive program that allows companies to retain payroll withholding taxes.
Industrial Revenue Bonds (IRB)
 - This cost-effective method can finance up to 100% of a new or growing business's land, building, & equipment.
Community Development Block Grants (CDBG)
 - Federal HUD program that allocates annual grants to provide communities with resources that address a wide range of            community development needs. 
Kansas Bioscience Authority (KBA)
 - Financing resources that assist in expansion and recruitment of bio science companies. 

Workforce Development Programs
Kansas Industrial Training (KIT)
 - Program that is used to assist firms in job creation & training. 
Kansas Industrial Retraining (KIR)
 - Job retention tool that helps employees of a restructuring company. 

Income Tax Incentives
High Performance incentive Program (HPIP)
 - Tax incentive provided to employers that pay above-average wages & have strong commitment skills. 
Machinery and Equipment Expensing Deduction
 - Eligible Kansas taxpayers are allowed to claim a one-time expense deduction for business machinery & equipment. 

Property Tax Incentives
Machinery and Equipment Property Tax Exemption
 - State & local property tax exemption pertaining to machinery & equipment used in the expansion of an existing facility or the    establishment of a new facility. 
Property Tax Abatement 
 - A provision allowing tax exemptions for qualified business for up to 10 years. 

Sales Tax Exemption
Application for Sales Tax Exemption Certificates

Workforce Development Assistance
 - A statewide public workforce system that provides resources for both employers and job seekers. 

Rural Opportunity Zones
Tax Credit
 - A resident income taxpayer that establishes a domicile in Kansas rural opportunity zone shall be allowed tax credit.
Student Loan Forgiveness 
 - Financial incentive to new full-time residents that will forgive loans up to $15,000

Other Tax Incentives and Business Initiatives

 • Right-to-Work State - Union membership in Kansas is 7.5 percent, well below the national average. 
Inventory Tax Exemption​All merchant and manufacturers’ inventories are exempt from property taxes by state law.
 • Research Tax Credit  – Kansas offers an income tax credit equal to 6.5 percent of a company’s investment in research and development above the average expenditure of the previous three-year period. Twenty-five percent of the allowable annual credit may be claimed in any one year. 
 • No Local Income Taxes – Kansas cities and counties do not impose an earnings tax on personal or corporate income
 • No Kansas Franchise Tax – Kansas eliminated its franchise tax in 2011
 • Workers Compensation - Kansas ranks 9th lowest in the U.S. for worker compensation rates

Click here for more information regarding Kansas business incentives.