Incentives - Grow Inman - The City of Inman KS Community Development

INMAN Incentives

The Inman school district offers a forward thinking, well rounded, and modern education to students in grades K thru 12. Students are given iPads and laptops starting in the 1^st grade and technology is used throughout their education to enhance learning. Partnerships with area colleges and trades schools ensure students graduating from USD 448 are well equipped to attend college as well as join the workforce.

Tax Incentives

City Of Inman Incentive Program- The City Council recently passed new incentive packages that provides tax abatements under three different tiers based on capital improvement, new construction costs, jobs creation, and varying levels of assistance with water and sewer utilities and road access.

Tier One Tax Abatement:
- Capital improvement/new construction costs between $100,000 and $300,000
- Or, addition of 5-10 full time employees in one year or less
- Maximum 30% city abatement in the first year
Tier Two Tax Abatement:
- Capital improvement/new construction costs between $300,001 and $500,000
- Or, addition of 11-20 full time employees in one year or less
- Maximum 40% city abatement in the first year
Tier Three Tax Abatement:
- Capital improvement/new construction costs between $500,001 or more
- Or, addition of 21 or more full time employees in one year or less
- Maximum 50% city abatement in the first year

The City of Inman will also assist with the cost of water and sewer utility hook-ups as well as roadway costs on qualifying projects.

Property Tax Abatement – On a case by case basis, cities and counties have the option to exempt real property from ad valorem taxation. This is a decision that is made by the city and county governments. Property tax abatement assistance is available through the State of Kansas – Click Here

Machinery and Equipment Property Tax Exemption – Select commercial and industrial machinery and equipment that is purchased, leased or transferred into the state may qualify for an exemption from state and local property tax. Click Here for Additional Information

Sales Tax Exemption – There are a number of different exemptions to the states sales tax (currently set at 6.5%). These include:

· Labor related to new construction

· Remodeling and refurnishing costs for qualified projects.

· New machinery and equipment for manufacturing and distribution

· Property related to an Industrial Revenue Bond (IRB)

· Other exemptions as determined by the State of Kansas

For more information on the Sales Tax Exemption – Click Here

Promoting Employment Across Kansas (PEAK) – Under this program, qualified companies may retain up to 95% of their payroll withholding tax for five to seven years. The program is available to both new operations and businesses relocating to Kansas. Click here for Additional Information on the PEAK Program

High Performance Incentive Program (HPIP) – HPIP provides an investment tax credit to companies that pay above average wages and has a strong commitment to training their workers. Click Here for Additional Information on the HPIP

Financing Programs

E-Community Low Interest Loans – Low interest loans are available through the Inman E-Community that is administered by the Inman Chamber of Commerce. These loans are paired with other funding sources (loans from financials institutions, personal investment, etc) to help round out a funding package. Currently, the limit for a loan from the Inman E-Community is $45,000. For more information, contact the Inman Chamber of Commerce.

Industrial Revenue Bonds (IRB) – Industrial Revenue Bonds (IRBs) are securities issued by a city or county that can help provide funds to help a company acquire new land, build new facilities or renovate existing facilities. IRBs are one of the most popular and effective methods for financing new projects. Click Here for Additional Information on Industrial Revenue Bonds

Community Development Block Grants (CDBG) – Eligible companies can apply for CDBG funds to purchase land, build or renovate facilities, supplement operating capital, or purchase new equipment. A company can apply for a maximum $35,000 per job created up to a limit of $750,000. In order to be eligible, 51% of the jobs created must be for new hires that meet HUD’s low to moderate income test. Click Here for Additional Information on the CDBG Program

Workforce Programs

Kansas Industrial Training (KIT)

Click here for more information on the KIT Program

Kansas Industrial Retraining (KIR)

Click here for more information on the KIR Program

Kansas Workforce Centers

Visit KANSASWORKS.com

Download The Kansas Business Assistance Resource Directory

Click here to see City and Regional Demographics

INMAN Incentives

Workforce Programs

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