- Department of Commerce Information
- Programs & Services
- Business & Community Finance & Incentives
Business and Community Finance and Incentives
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.
Below is a list of our most widely utilized financial incentives.
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Kansas Angels Tax Credit
Kansas income tax credits are available to qualified individuals who provide seed-capital financing for emerging Kansas businesses engaged in development, implementation and commercialization of innovative technologies, products and services.
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Kansas Certified Development Companies
Kansas Certified Development Companies (CDC) help businesses access the numerous loan programs available from a variety of sources.
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Community Development Block Grant Program
The Small Cities Community Development Block Grant (CDBG) Program allows the Department of Commerce to distribute federal funds to Kansas cities and counties looking to improve their community.
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Community Service Tax Credit Program
The Kansas Community Service Program (CSP) has given nonprofit organizations a way to improve their ability to undertake major capital fund-raising drives for various projects.
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Employer Partner Incentive
The KANSASWORKS Employer Partner Incentive connects job seekers with disabilities to employers.
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Energy Incentives
The Department of Commerce offers a diverse portfolio of financial incentives to Kansas businesses and producers engaged in conventional and renewable energy production.
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High Performance Incentive Program (HPIP)
The High Performance Incentive Program provides tax incentives to employers that pay above-average wages and have a strong commitment to skills development for their workers.
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Indiv. Development Account Tax Credit Prog.
The Individual Development Account (IDA) Program allows qualified Kansans of low income levels the opportunity to achieve financial self-sufficiency through education and asset development via special savings accounts.
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Kansas Certified Development Companies
Kansas Certified Development Companies (CDC) help businesses access the numerous loan programs available from a variety of sources.
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Kansas Industrial Retraining (KIR)
The Kansas Industrial Retraining program is a job retention tool that helps employees of restructuring companies who are likely to be displaced because of obsolete or inadequate job skills and knowledge.
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Kansas Industrial Training (KIT)
The KIT program may be used to assist firms involved in job creation. Training can include pre-employment, classroom and on-the-training by in-house instructors or vendors.
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Private Activity Bonds
Qualified Private Activity Bonds (PABs) are federally tax-exempt bonds. Under the federal volume cap, Kansas has a total 2015 bond allocation of $301,515,000 for this purpose.
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Promoting Employment Across Kansas Program
PEAK is intended to encourage economic development in Kansas by incenting companies to relocate, locate or expand business operations and jobs in Kansas.
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Property Tax Abatement Assistance
The Kansas Department of Commerce provides aid to businesses and governmental entities applying for economic development and/or industrial revenue bond tax abatements.
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Rural Opportunity Zones (ROZ)
Rural Opportunity Zones are 77 counties that have been authorized to offer financial incentives to new full-time residents.
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STAR Bonds
Sales Tax Revenue (STAR) Bonds provide Kansas municipalities the opportunity to issue bonds to finance the development of major commercial, entertainment and tourism areas and use the sales tax revenue generated by the development to pay off the bonds.
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State Small Business Credit Initiative
The Kansas Capital Multiplier Loan and Venture Funds are programs that provide matching funds through a partner network to eligible businesses in communities across Kansas. Funding is provided through the United States Treasury via the State Small Business Credit Initiative (SSBCI).
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Work Opportunity Tax Credit
The Work Opportunity Tax Credit helps people move from welfare to work and gain on-the-job experience by encouraging private employers to hire within one of several targeted groups of job candidates who traditionally face significant barriers to employment