The City of Liberal, Kansas offers incentives to support its businesses, old and new. Contact us to discuss the needs of your business.
For expanding local businesses and businesses new to Liberal, the City works in conjunction with state and federal agencies to develop custom incentive packages. Incentive packages are based primarily on job creation, wages and overall investment in the community. To be eligible, a business must be engaged in one or more of the following: Manufacturing, Service, Research & Development, Warehousing & Distribution, Corporate Headquarters, Transportation, Tourism or Medical Services.
Local Incentives for New and Expanding Businesses
Industrial Revenue Bonds
IRB’s are securities issued by the City to provide funds for credit-worthy companies to purchase land and/or to construct and equip new facilities.
Property Tax Abatements
The City may abate ad velorem taxes on all or any portion of the appraised value of a property used by a qualifying business.
For qualifying businesses, the City may provide certain infrastructure improvements within the City’s Industrial Parks.
Industrial Park Incentives
Businesses who purchase land in Liberal’s municipal industrial parks may be eligible to receive $500 for each job created over three years. A minimum of 20 new jobs is required.
Special property or sales taxes may be collected within a district to fund improvements costing $200,000 or more.
State Incentives for New and Expanding Businesses
Offers qualified companies the ability to retain 95% of their payroll withholding tax for up to five to seven years.
Allows for up to $5 million in bond financing per project for eligible wind and solar energy manufacturers.
Offers fixed rate loans at four percent or three percent below prime, whichever is greater. Funds can be used for working capital; to acquire land or buildings; to construct or renovate facilities; and to purchase machinery and equipment.
Kansas Industrial Training (KIT) and Kansas Industrial Retraining (KIR) offsets the cost of training new employees and retraining existing workers.
Provides a 10 percent corporate income tax credit on qualified capital investment, such as the purchase or lease of a facility or equipment; the cost of remodeling or build-out; and fixtures, furniture and computers. The minimum investment threshold for an eligible business is $50,000.
Kansas also offers several different sales tax exemptions. These include real and personal property financed with an Industrial Revenue Bond and labor services related to original construction.
New Construction Housing Incentive Programs
Effective May 14, 2014, this program will provide a $5,000 cash incentive for each new single-family home built in Liberal. This program’s annual budget of $160,000 is funded from the Housing portion of the City of Liberal’s 1-Cent Sales Tax and is sufficient to fund 80 new homes a year. Prospective homeowners and developers should contact Karen LaFreniere, Director of Housing and Community Development at 620-626-2251 for program guidelines and details.
Effective May 14, 2014, the New Construction Multi-Family Housing Incentive Program will provide a $3,000 per unit cash incentive for each new multi-family rental unit built in Liberal. The annual budget for this program is $300,000 and is funded from the Economic Development portion of the City of Liberal’s 1-Cent Sales Tax and is sufficient to fund 100 new rental units a year. Prospective developers should contact Jeff Parsons, Director of Economic Development and 620-626-2256 for program guidelines and details.