Incentives Haysville Kansas

State Incentives
The structure of Kansas financial incentives, tax levies and tax credits have been thoughtfully planned to be fair and favorable for your business. Our tax basis ensures that no single industry is disproportionately burdened. The incentives reflect an awareness of what it takes to attract and retain the companies who provide jobs for Kansans and our State is constitutionally restrained from overspending. A complete listing of the state tax programs and incentives may be obtained by emailing us at lpowell@haysville-ks.com. A quick listing follows:

State Incentives:

  • No merchant inventories tax since 1989.
  • No intangibles tax in Haysville.
  • Enterprise Zone job tax credits.
  • Non-collection of sales tax for expansions or new plant sites.
  • Machinery and equipment tax exemption.
  • High Performance Incentive Program.
  • Tax credit for research.
  • Tax credit for day care facilities.
  • Sub-Foreign trade zones.

Additional information on State Incentives can be found at the Kansas Commerce's Business Recruitment Division.

Haysville Incentives:
Many of the state tax incentives were created to assist local counties or cities with economic development efforts. As a result the state incentives are made available through a city or county on behalf of the business. Additional local incentives are listed below:

Neighborhood Revitalization Program (NRP) - A retail business can locate in the NRP and take advantage of a state tax rebate program.  Haysville has adopted a program that allows for the return of up to 95% of the increased tax value for (4) years  from participating entities that a business creates when it constructs a new facility or the increased value of the new tax value of a major renovation in the NRP zone.  This Incentive is limited by geography to a specific area of the community.  For additional information contact the Community Development office at 316-529-5909.

Micro-Loan Funds – Many start up companies and expanding business need access to funds to expand or ad product line.  Often these financial needs can be met by accessing the Micro-Loan Programs supplied by Sedgwick County or South Central Kansas Economic Development District (SCKEDD).  Loan can be as small as $5,000 and up $25,000 or a combined loan of $50,000 can be obtained.  For additional information contact the Haysville Community Development Office at 316-529-5909.

Industrial Revenue Bonds - A business can use IRB'S as a low cost tool to help finance their projects. In addition, the bonds allow for a reduction or abatement of the property taxes created by the increased value of the project and the non-collection of the sales tax that would be collected on the project.

Local Property Tax Abatement - Each city can adopt a property tax abatement policy. Haysville has adopted policies that allow abatement for up to 10 years. These policies are based upon the number of new jobs that are created and the amount of new capital investment that the business brings to the Community. Copies of the policies can be obtained from the Haysville Community Development office upon request.

Community Development Block Grants - A business can apply for financial assistance from the state through a city or county. If you are interested in using these programs, please contact our office for further information.

Enhanced Enterprise Zone Benefits - Haysville is located in Sedgwick County which is designated a metro county by state definition. This means that if your business meets state guidelines it can receive a state allowed $1,500 income tax credit per new job created and $1,000 of income tax credit for every $100,000 dollars of investment into the project.  In addition the state allows for the non-collection of sales tax that would otherwise be expended in doing your project.

Training Programs - Haysville participates with the state in supplying access to the state training funds. The KIT, KIR and SKILL programs are made available to both existing and new businesses in the state. In addition to state programs, Work Force Development will work to develop any custom programs that a prospect might need. The KIT and KIR funds can be accessed to help pay for this type of training. The Skill program is available to help train a large force of people over a long period of time.

Community Development Block Grant Programs - Haysville participates in applying for CDBG funds where applicable and where the business can hold a project while it waits for the state to award these funds. The CDBG program is useful if a business needs a low-interest loan, but it does place constraints upon the business. Additional information can be obtained from the Kansas Department of Commerce office. Please contact KDOC at www.accesskansas.org.

Micro-Loan Program - Haysville Community Development has access to Micro-Loan funds from Sedgwick County and The South Central Kansas Economic Development District for small start-up and existing businesses in Haysville. These funds are subject to the State CDBG guidelines and are to be used to stimulate self-employment activities. Loans can be made for; working capital, equipment, land and building. For additional information contact Haysville Community Development at 316-529-5909 or e-mail  lpowell@haysville-ks.com.