Tax and Incentive Programs
To top it off, companies in Kansas City's Animal Health Corridor can take advantage of numerous tax and financial incentives geared specifically toward their sector. Among these are:
• A $580 million fund (derived over 12 years) overseen by the Kansas Biosciences Authority through which it can offer forgivable loans, research funding (for Kansas universities), and other financial incentives to assist bioscience-related companies, including those in animal health, in making investments in Kansas
• Exemption of personal property taxes on machinery and equipment through a bill passed into law by the Kansas legislature in 2007
• Refundable state income tax credits, provided by the Missouri Quality Jobs Program, which allow companies to retain a portion of their employees' payroll withholding taxes in a refund check
And it came as no surprise when early in 2009 the corridor was picked by the Department of Homeland Security as the home of the new $650 million National Bio and Agro-Defense Facility (NBAF) at Kansas State University in Manhattan, Kansas. Work at the state-of the-art, high-security BioSafety Level 4 laboratory facility will focus on the study of foreign animal and zoonotic (transferable from animal to human) diseases that can impact livestock.
Joerg Ohle, president of Bayer Animal Health and the Animal Health Corridor Advisory Board chair, sums up the region's advantages: "The Animal Health Corridor offers unparalleled expertise and resources for those companies located here. As the Animal Health Corridor thrives, businesses will have more opportunities to grow through access to a greater pool of highly skilled workers, more options for strategic partnerships, and through a favorable legislative