Developers and businesses locating on MTAA property pay NO real estate tax. This is not something you have to negotiate. It is simply part of the deal when you do business wth the MTAA.
On top of that, a firm looking to invest in Topeka and create good-paying jobs here will find a host of local and state incentive programs at their disposal.
Local Incentives
MTAA works very closely with GO Topeka, which offers performance-based incentives depending on your type of business and the project specifics. For example:
Cash incentives are available for Capital Investments you make in:
- Machinery or equipment
- Building construction or improvements
- Infrastructure or utility extensions
- Target Industry or Headquarters
Net new full-time Jobs you create in Shawnee County qualify for an incentive based on the annual salary assigned for each position meeting the minimum yearly threshold. All job creation funds will be paid out over a 5-year period as earned. Only positions meeting the set threshold will receive incentive funding.
Incentive funding is available for the Training of net new full-time positions created in Shawnee County. Funds can be utilized for classes or internal materials.
Check-out GO Topeka's website to learn more.
GO Topeka can connect you with state incentive programs offer by the Kansas Department of Commerce, such as:
- Kansas Industrial Training (KIT) – training incentive program to benefit companies creating net-new jobs in the state of Kansas.
- Kansas Industrial Retraining (KIR) – job retention tool that helps employees of restructuring companies who are likely to be displaced because of obsolete or inadequate job skills and knowledge.
- Workforce Aligned with Industry Demand (AID) – addresses the skills gap currently challenging companies.
- Kansas Department of Transportation (KDOT) Economic Development Program – funds transportation improvements that can be shown to support job growth and capital investments in the state.
- Kansas International Trade Show Assistance Program (KITSAP) – can help a Kansas business make international connections and increase their exports.
- State Trade Expansion Program (STEP) – helps small businesses located in Kansas begin to export and existing exporters expand.
- High Performance Incentive Program (HPIP) – provides tax incentives to qualifying employers who pay above average wages, commitment to training and skill development for their workers.
- Industrial Revenue Bonds (IRBs) – are the most popular and cost-effective methods of financing up to 100 percent of a growing business’ land, building and equipment.
- Sales Tax Credits and Exemptions – a variety of programs available that offer significant savings to companies.
- Community Development Block Grant (CDBG) – a source of financing for companies that are expanding an existing facility or starting a new operation in a non-metropolitan area of Kansas.
Link to the Kansas Department of Commerce website.