From the Governor
“Economic development in Kansas needs to be modern- ized, and that means we need a new, thoughtful strategic plan to guide us forward.” —Gov. Laura Kelly
Shining in the Sunflower State
Two years after the state’s tax-cutting measures failed to deliver the economic adrenaline they promised, the Sunflower State is starting to rebound. In October 2019, Gov. Laura Kelly announced the state’s first formal strategy in more than three decades to improve economic development. Called the “Framework for Growth,” the plan is expected to be released in March 2020 and will include benchmarking, recommendations and best practices, and implementation planning. Aerospace remains a strong area of growth in Wichita.
Workforce Development Assistance: Offsets training costs on new technology or production activities through the Kansas Industrial Retraining (KIR) and Kansas Industrial Training (KIT) programs.
Promoting Employment Across Kansas (PEAK): Offers ability to retain 95% of payroll tax withholding for several years for qualified companies.
Machinery & Equipment Expensing Deduction and Property Tax Exemption: Offers an expense deduction for business machinery and equipment and a tax exemption for commercial and industrial machinery and equipment.
High Performance Incentive Program (HPIP): Offers a 10% corporate income tax credit on qualified capital investments for companies that pay above-average wages.
Kansas Department of Commerce: kansascommerce.gov
Greater Wichita Partnership: greaterwichitapartnership.org
Go Topeka: gotopeka.com
Highlighted Program or Initiative
The Workforce Aligned with Industry Demand is an industry-driven program that aligns industry opportunities and demands with workforce training and education. Workforce AID supports and expands recruiting efforts, develops company-focused training programs, finds appropriate training providers and ensures participants receive industry-recognized training.
- Fidelity Bank announced in May 2019 it will invest $51 million to build a 10-story tower next to its existing headquarters in Wichita.
- Mars Wrigley Confectionery announced in May 2019 a $30 million upgrade and expansion in its facility in Topeka.
- Design, engineering and manufacturing innovator Mechanized Concepts opened a new facility in Russell in July 2019.
Two Fortune 500 companies headquartered in state:
Other large companies include:
Lansing Trade Group
“We have had a tremendous experience working with the State of Kansas and appreciate all the time and resources they’ve dedicated to growing jobs and businesses here in the region.” —Mike Jansen, President and CEO, Faith Technologies
“We had five other states, five other locations that were pursuing us…. When we came here, we knew right away that the people here are different, that they cared about their community.” —Matt College, Founder and CEO, Mechanized Concepts
“The new Kansas-based distribution center will be more centrally located in the United States. Upon completion, the company expects to be able to reach customers faster, reduce transportation costs and improve service levels.” —Andrew Callahan, President and CEO, Hostess Brands