The Smoky Hill Development Corporation Board of Directors works hand in hand with the Ellsworth County
Commissioners, the State of Kansas, and the local City Councils to ensure the best possible incentive package is
available to your business. Looking to entice business interests to locate within the County of Ellsworth, the
governing agencies are willing to offer all or a combination of the following incentives:
is a tax rebate program based on the increased value of property as a result of new or improved buildings. The
rebate is on the additional taxes incurred as a result of the project. The first year 70% of the increased property
taxes will be rebated and the rebate will continue for 5 years with a 5% decrease in the amount. For more
information click here and for an application click here. Applications must be filled out before the project begins.
Enterprise Zone Benefits
are available at an enhanced, higher level in Ellsworth than in many other Kansas cities and counties. Benefits for
new and expanding manufacturers and service businesses include a $2,500 income tax credit for each new job; a
$1,000 tax credit for each $100,000 of new facility investment and sales tax exemptions for new business,
construction and equipment purchases. Ten-year carry over provisions allow maximum benefit.
Property Tax Abatement
may be available for new and expanding industries. The amount of abatement is determined by the number of new
jobs created and amount of new investment in facilities, to a maximum 100 percent abatement. Abatement
decreases by ten percent annually over a ten-year period. Abatement may be applicable to both real and personal
Industrial Revenue Bonds
issued through the City of Ellsworth may be used for 100 percent financing of land, buildings, equipment and
construction. Building materials are exempt from sales taxes.
Revolving Loan Funds
are available through and administered by Rolling Hills Electric Company Business Development and Smoky Hill
Development Corporation Revolving Loan Fund. Flexible low-interest terms may be negotiated, contingent upon job
creation and private-sector investment.
Inventory Tax Exemptions
for merchants' and manufacturers' inventories were recently established by constitutional amendment.
State and Federal Grants
and loans may be available to new and expanding industries which create jobs. The city has professional personnel
as well as access to experienced staff with the North Central Regional Planning Commission that have received both
state and federal financial assistance. The professional staff will assess and evaluate each individual need and may
recommend funding through Community Development Block Grants (CDBG), or the Economic Development
Administration (EDA), Farm-Home or other venture capital sources.
|Smoky Hill Development Corporation
P.O. Box 321
114 1/2 Douglas
Ellsworth, KS 67439