Financial Assistance Opportunities & Incentives
for Economic Development in Wilson, KS
Numerous state and local opportunities are available for businesses locating, relocating to, or expanding in Ellsworth County. Here are a few incentive opportunities:
- Workforce Services and Workforce Training Programs - Recognizing that finding skilled workers can be a challenge, numerous opportunities to match job seekers with job opportunities have been created, along with training dollars to hone the skill-sets needed to complete the work requirements. Tax credits may be available for employers who hire subsets of the population.
- Property Tax Exemptions - City and county governments may exempt all or portions of a business’ buildings, improvements, land and tangible personal property from property tax for not more than ten years. Certain conditions may apply.
- Inventory Property Tax Exemption - A property tax exemption exists for merchants’ and manufacturers’ inventory for raw materials, production in progress, or finished products.
- Original Construction Sales Tax Exemption - A sales tax exemption exists for all services used in the original construction of a building or facility. Utilities necessary for production may also be exempt from sales tax.
- Community Development Block Grants (CDBG) - The Small Cities Community Development Block Grant (CDBG) economic development program is a source of financing for companies that are expanding an existing facility or starting a new operation in the non-metropolitan areas of Kansas. The maximum amount of funds available is $750,000 per project.
- United States Small Business (SBA) Loans - Long-term, subordinated, fixed-rate financing for up to 90 percent of a business’ fixed assets.
- USDA Rural Development - Loan, subsidies, and various programs by eligible local lenders to businesses to benefit rural areas. The primary purpose of this program is to create and maintain employment and improve the economic and environmental climate in rural communities.
- Industrial Revenue Bonds - IRBs are a cost efficient method to finance up to 100 percent of a company’s land, buildings and equipment. IRBs are securities issued by cities and counties to finance the purchase of land, pay the cost of constructing and equipping new facilities or purchase, remodel or expand existing facilities.
- Attraction Development Grant Program - Funds from the ADGP provide for the promotion of tourism and the development of new, or the enhancement of existing, tourism attractions, events, or festivals. Projects, which may receive up to 40 percent of their funding from the state, must be able to reasonably project an increase of revenue back to the community through increased lodging, dining and retail sales.
- Smoky Hill Charitable Foundation - The Smoky Hills Charitable Foundation was founded on July 12, 2000, to serve as a vehicle for charitable giving benefiting communities in Ellsworth County. The Foundation is a permanent source of charitable assets to meet both emerging and existing needs of the local communities.
- Dane G. Hansen Grants - The Dane G. Hansen Foundation of Logan has established a partnership with the Greater Salina Community Foundation (GSCF) and the Greater Northwest Kansas Community Foundation to help improve the quality of life for communities in north-central and northwest Kansas. Each one of GSCF’s affiliate foundations, including the Smoky Hills Charitable Foundation, is allocated funding for grants to distribute to charitable projects in its service area through a competitive application process.
- Low Interest Revolving Loans - Local funds are available at low interest rates for start up capital, expansion needs, or other funds needed to support a new or existing business. (clicking link will take you to the Smokey Hill Dev Corp site.)
- Neighborhood Revitalization Program - This incentive program was developed to encourage improvements in the County of Ellsworth. A graduating scale of tax rebates is available, with each city within the county having its own custom-fit program. Contact Smoky Hill Development Corporation for more information. (clicking link will take will open a PDF on the Smokey Hill Dev Corp site.)
- Moderate Income Housing - Investors and builders in the real estate division can benefit from this program which is a public/private funding partnership. MIH grants and/or loans are awarded to cities and counties to develop multi-family rental units, single-family for-purchase homes, and water, sewer and street extensions in communities with populations fewer than 60,000 people.
- Smoky Hill Development Corporation Facade Improvement Program - Businesses in Ellsworth County who are interested in improving the facade of their location, including awnings, signage, windows, masonry, or other related improvements, can obtain a 10-year no interest loan of up to $5,000, subject to availability. Please call SHDC for more information or an application.