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: 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 property. 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. |
| Business Incentives |
| Smoky Hill Development Corporation P.O. Box 321 114 1/2 Douglas Ellsworth, KS 67439 Phone: 785.472.4136 Fax: 784.472.3486 Executive Director: Rob Fillion |
