Business is booming in Kansas, thanks in large part to a series of policies and initiatives designed to help Kansas businesses grow and prosper. A recent example is the elimination of property taxes on new business machinery and equipment. This allows business owners to invest in everything from computers to copiers to furniture to equipment for manufacturing and warehousing and not worry about having to pay property taxes on the purchases. The new legislation also raises the exemption for a low-cost items from $400 to $1,500, allowing businesses to devote less time to paperwork and more time to producing goods.

Other state incentives available to businesses include:

• Income and premium tax credits for new job creation and investment and annual property taxes paid on machinery and equipment.
• Sales tax exemptions on the purchase of construction labor and materials and facility machinery and equipment.
• Sales tax exemption on personal property that is consumed or becomes a component part in the manufacturing process.
• Property tax abatement on real and personal property for up to 10 years.
• Property tax exemptions for manufacturer and merchant inventories.
• Industrial Revenue Bonds that provide up to 100% financing of land, building and equipment.
• Community Development Block Grants for projects in non-metro areas.
• Forgivable loans for project-related costs associated with the establishment or expansion of a business facility.

In addition to these incentives, there are countless other reasons businesses are finding success in Kansas:

• Quick delivery: Kansas is within next-day freight delivery of nearly 70% of the United States
• Diversified Economy: Kansas is the home to major companies from all sectors of the economy.