Department of Commerce Incentives & Programs
The Kansas Department of Commerce has a variety of incentives and programs available to help businesses as they grow and expand. The Department of Commerce offers diverse incentives and export assistance and provides assistance in areas like intellectual property, technical expertise and research to help technology companies grow and succeed.
Below are several powerful incentive programs offered by the Department of Commerce. LCDC is an excellent resource to help you understand the programs and explore eligibility. To get started, please contact Lisa Haack at 913-727-6111.
High Performance Incentive Program (HPIP)
HPIP provides tax incentives to employers that pay above-average wages and have a strong commitment to skills development for their workers. Employers that qualify for the program have the potential to receive a 10% income tax credit for capital investment projects that exceed $50,000, a sales tax exemption to use with the qualifying capital investment project, a training tax credit up to $50,000 and priority consideration for participation in additional incentive programs.
Addition information can be found here.
Kansas Industrial Training and Retraining Programs (KIT/KIR)
The KIT and KIR Programs were designed to help support business expansion efforts by supporting training of new or existing employees to avoid job displacement due to inadequate or obsolete skills. A KIT or KIR training grant can reimburse some of the costs associated with training or retraining: instructor salaries, curriculum development, travel, materials, supplies, textbooks, minor training equipment and some facility costs.
More information: KIT | KIR
Promoting Employment Across Kansas (PEAK) Program
The PEAK Program targets companies looking to relocate or expand in Kansas. Eligible companies may retain 95% of the payroll withholding tax of employees that are determined to be eligible for up to 10 years. Job eligibility depends on location of jobs and median wage compared to the county’s. Eligible jobs are those that pay above the county median wage where the operations and jobs will be located. Click here for more information.