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Inward Investment Guides

Kansas Direct Financial Incentives 2014

Area Development Online Research Desk (Q1 2014)
Kansas's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

The Southland Delivers a Solid Economic Performance

Mark Crawford (Q1 2014)
The southern states have embraced the transition from traditional to knowledge-based economies and work hard to attract new projects and the high-paying jobs that come with them. More

The 2013 Gold & Silver Shovel Award Recipients in Pictures

Area Development Magazine Special Presentation (Directory 2014)
Shown here are nine of the recipients of Area Development’s 2013 Gold & Silver awards, which were bestowed in recognition of the states’ efforts to capture new facility and expansion projects that resulted in significant investment and job-creation. All told, 19 states were recognized for their efforts. More

A Look Back - and Ahead - at the 2013/2014 Legislative and Incentives Landscape

Jason Hickey, President, Hickey & Associates, LLC (Directory 2014)
From what we witnessed in 2013, we can only expect more dynamic developments in state incentive programs and a continued focus on additional transparency. More

Regional Report: Energy Sector Bringing Jobs and Wealth to Plains States

Steve Stackhouse-Kaelble (Directory 2014)
Winners of numerous accolades, the Plains States are garnering investment across diverse industry sectors and growing their economies. More

Work Force Development Programs Can Make or Break a Site Selection Deal

Mark Crawford (Q3 / Summer 2013)
With scant time and resources for recruiting and training workers, companies are looking at states that will help them to quickly satisfy their labor force needs. More

Canadian Aerospace Firm Nearshores Its Supply Chain to Wichita

Area Development Online Research Desk (2013 Auto/Aero Site Guide)
After conducting a global search, a Canadian first-tier OEM has decided to source its products from a Wichita, Kansas, supplier that is expanding in order to increase production. More

Leading Locations for 2013: The Plains States MSAs

Area Development Magazine Special Presentation (August 2013)
The Plains States of Kansas, Nebraska, and North and South Dakota point to their business-friendly environment while touting their economic success. The Fargo, ND/Moorhead, MN, MSA ranks first among the region’s Leading Locations — and is also second among all mid-size cities. More
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Studies/Research

KANSAS at a glance

POPULATION: 2,900,000

LABOR FORCE: 1,482,005

RIGHT TO WORK: Yes

TRADITIONAL INDUSTRIES:Aviation, agriculture/food processing, printing and publishing, fabricated metal products, equipment and machinery, oil and gas

EXPANDING INDUSTRIES: Oil and gas, bioscience, logistics/ distribution, customer service centers, back office, alternative energy, manufacturing, professional services

COLLEGE GRADUATES: (Age 25 and over) 29.8%

BASIC BUSINESS TAXES:
Corporate Income Tax: 4 percent of net income; in addition, net income in excess of $50,000 is subject to a 3 percent surtax for 2011 and thereafter. Effective tax year 2013, the non-wage business income for subchapter S corporations, limited liability corporations, limited liability partnerships, and sole proprietorships will be exempt from income tax in Kansas. Individual income tax rates reduced as well.

Sales and Use Tax: 6.3 percent state rate on gross receipts from sales or leases of tangible personal property and certain services; cities and counties may collect an additional maximum of 1 percent

Property Tax: Commercial and industrial machinery and equipment are exempt from property tax by state law; for real property, counties assess and administer the property tax; each taxing district makes its own levy within the limits set by state statute; residential property is taxed at 11.5 percent of fair market value and commercial and industrial property is taxed at 25 percent.

BUSINESS INCENTIVES:
Inventory tax exemption

Industrial revenue bonds

Sales tax exemptions for construction, remodel, equipment, component parts, and items consumed in production

High Performance Incentive Program (Investment Tax Credit)

Promoting Employment Across Kansas (financing via withholding tax retention)

Wind and Solar Manufacturing Bond Program

Work force training programs

Financing programs

Research tax credit

Personal property tax exemption

Rural Opportunity Zones

Machinery and equipment expensing deduction

Principal Manufacturing industries

  • Transportation Equipment
    23.9%
  • Aerospace Products and Parts
    18.8%
  • Food Products
    18.5%
  • Machinery
    13.6%
  • Animal Processing
    11.4%
  • Other Manufacturing Industries
    13.9%