Incentives
NEIGHBORHOOD REVITALIZATION PROGRAM provides five years of reduced property tax rebate (from 90% rebate in 1st year, 70% in 2nd year, 50% in 3rd year, 30% in 4th year, to 10% rebate in 5th year). This program applies to any project raising the current tax valuation from improvements by a minimum of $40,000. Also, this particular program is available on residential, commercial, industrial or agricultural property…unlike other programs! Application must be filed within one (1) year from commencement of construction.
RURAL OPPORTUNITY ZONE (ROZ) is the latest economic development incentive to draw people to work and live in Kansas. Effective July 1, 2011, the program allows individuals who have not resided in Kansas in the past five years to qualify for a state income tax rebatement for the following five years IF moving into a Rural Opportunity Zone county. Scott County is a ROZ. The program has another facet that involves repayment of student loans for post-secondary graduates for up to $15,000 over 5 years ONLY WHILE student is residing in a ROZ. Scott County has opted into this program also. Only costs associated with accredited schools qualify. In-state and out-of-state students may qualify. Application is made directly to the State of Kansas. To apply for the Rural Opportunity Zone benefits click here.
GRAIN FOR GRADUATES Every year, harvest is a huge part of the Scott County dynamic. The Scott County Development Committee is happy to announce the beginning of the “Grain for Graduates” program. SCDC has collaborated with the Scott Community Foundation, Scott Coop Association and Kirk Grain Company to accept grain donations for the Scott County ROZ fund. Grain donations, of any amount, accepted at Scott Coop Association and Kirk Grain Company will go directly toward the Scott County ROZ fund. One could consider the “Grain for Graduates” program a reverse-scholarship that supports young educated residents moving into Scott County who contribute immediately to our economy. Over time, families grow, children attend Scott County Schools and Scott County insures itself against the dreaded “brain drain”.
Please consider making a one-time donation of grain or donations after harvest every year. Scott County’s economy grows stronger as more people with degrees in higher education join our community.
For more information on the ROZ program or “Grain for Graduates” you can click here, or you can contact the Scott County Development director, Katie Eisenhour at 620-872-3525 ext. 2, or by email at scdcdirector@wbsnet.org. You may also direct inquiries to the program manager at roz@kansascommerce.com.
All qualified businesses are welcome to begin the application process. Simply contact the Scott County Development director, Katie Eisenhour at 620-872-3525 x2.