Depending on your location, business type, wage rates and employment numbers, a variety of state and local business incentives may be available to assist you with your new business project or expansion in Franklin County.
- City of Ottawa Negotiated Electric Utility Rates: For certain projects, the City of Ottawa may be able to negotiate industrial electric utility rate structures with variances from the existing industrial rate structures. For more information regarding negotiated industrial electric utility rates, please contact Scott Bird, City of Ottawa Finance Director or firstname.lastname@example.org, Executive Director, Franklin County Development Council at (785) 242-1000.
- City of Ottawa Revolving Loan Fund: Tax abatement available for new or newly purchased and retroﬁtted real property in Ottawa City limits. Amount of abatement based on capital investment, new jobs created and wages of jobs created. For more information, please contact Scott Bird, City of Ottawa Finance Director at (785) 229-3615 or email@example.com, Executive Director, Franklin County Development Council (785) 242-1000.
- City of Ottawa Property Tax Abatement: Commercial or industrial project loan funds available from City of Ottawa. Funds must be tied to new job creation or retention (up to $35,000 loan for each job created or retained). Low-to-moderate income job creation or retention is a priority of the funding. For more information about the loan fund, please contact Scott Bird, Finance Director at the City of Ottawa at (785) 229-3615 or Wynndee Lee, City of Ottawa Planning and Codes Director at (785) 229-3620.
- City of Ottawa Tiered Electric Utility Rates: City of Ottawa offers industrial electric utility rates based on electricity demand and time of use. For more information regarding tiered industrial electric utility rates, please contact Scott Bird, City of Ottawa Finance Director at (785) 229-3615 or firstname.lastname@example.org, Executive Director, Franklin County Development Council at (785) 242-1000.
- City of Ottawa Transportation Development District: Financing option for infrastructure development on-site through an incremental increase in taxation on property to pay back infrastructure development costs (as contracted to and agreed upon by the City and a deﬁned district). For more information on Transportation Development District (TDD), please contact Wynndee Lee, City of Ottawa Planning, Zoning and Codes Director at (785) 229-3620 or email@example.com, Executive Director of the Franklin County Development Council at (785) 242-1000.
- City of Ottawa Tax Increment Financing: Tax Increment Financing to help ﬁnance cost for new development. For more information, please contact Wynndee Lee, City of Ottwa Planning, Zoning and Codes Director at (785) 229-3620 or firstname.lastname@example.org, Executive Director of the Franklin County Development Council at (785) 242-1000.
- City of Ottawa Industrial Revenue Bonds: Industrial revenue bonding capacity available through the City of Ottawa to ﬁnance certain projects which increase the economic capacity and increase the local pay scale of the community. For more information regarding City of Ottawa Industrial Revenue Bonds, please contact Scott Bird, City of Ottawa Finance Director at (785) 229-3615 or email@example.com, Executive Director of the Franklin County Development Council at (785) 242-1000.
- KCP&L Staggered Economic Development Rider Tarrifs: Provides a qualifying company savings through a discounted rate over ﬁve years: a 30 percent discount during the ﬁrst year of use; 25 percent in the second year; 20 percent the third year; 15 percent in the fourth year, and 10 percent during the last year for qualifying new large projects. More details available at the KCP&L website at: http://www.kcpl.com/business/econdev/KS_EDRCriteria.pdf.
For additional local incentive information, please contact firstname.lastname@example.org at the Franklin County Development Council.
KANSAS STATE INCENTIVES:
- Kansas Business Tax Income Tax Exemptions: Income tax exemptions for certain non-wage business incomes of Partnerships, Limited Liability Corporations, Limited Liability Partnerships, Sole Proprietorships and Subchapter-S Corporations that have elected at the Federal level to be taxed as a pass-through entity.
- Kansas High Performance Tax Incentive (HPIP): Provides up to four potential benefits:
- A 10% income tax credit for eligible capital investment that exceeds $50,000 at a company’s facility, with a “carry forward” that can be used in any of the next 16 years in which the qualified facility re-qualifies for HPIP
- A sales tax exemption to use in conjunction with the company’s eligible capital investment at its qualified facility
- A training tax credit of up to $50,000
- Priority consideration for access to other business incentive programs
- Promoting Employment Across Kansas (PEAK): Allows for-profit qualified companies that are creating net new jobs in Kansas to retain or receive quarterly funds for 95 percent of the payroll withholding tax for up to a period of 10 years for the new “PEAK-eligible jobs” that are paying at or above county median wage. A not-for-profit company that qualifies as a headquarters and is approved by the Secretary of Commerce is also eligible for benefits providing all other program criteria is met.
- Inventory Tax Exemptions: All merchants’ and manufacturers’ inventories have been exempt from property taxes in the State of Kansas by constitutional amendment since 1989.
- Kansas Industrial Training Program (KIT): May be used to assist firms involved in both pre-employment and on-the-job training. Pre-employment training may be used to allow the company and prospective employees an opportunity to evaluate one another before making employment commitments. Examples of eligible expenditures include instructor salaries, curriculum planning and development, travel, materials, supplies, textbooks, minor training equipment and certain training facility costs. To be eligible, a company must add at least one net new position at an average wage of $9.50 per hour.
- Kansas Industrial Retraining Program (KIR): Job retention tool that helps employees of restructuring companies who are likely to be displaced because of obsolete or inadequate job skills and knowledge. Eligible industries include basic enterprises that are restructuring operations through incorporation of new technology, diversification of production or the development and implementation of new production activities. At least one current employee must be trained to qualify for assistance.
For additional on these or other state incentive programs, please visit the Kansas Department www.KansasCommerce.gov or contact the KDOC offices at (785) 296-3481.