Finance Programs

Promoting Employment Across Kansas (PEAK)
PEAK is one of the main economic development tools available in Kansas. PEAK is intended to encourage economic development in the state by incenting companies to relocate or expand business operations and create jobs in Kansas. Participating companies may retain 95 percent of the payroll withholding tax of PEAK-eligible jobs that pay at or above the county median wage where the operations and jobs will be located. Benefits can be approved for up to 10 years. Existing Kansas businesses that are expanding and creating new jobs also are eligible to receive benefits.

Industrial Revenue Bonds (IRBs)
IRBs are a popular method of financing up to 100 percent of a growing business’ land, building and equipment. IRBs are securities issued by cities and counties to provide funds for creditworthy companies to acquire land, construct and equip new facilities or remodel and expand existing facilities. IRBs allow fixed-rate financing for the life of the bond for the project.

Community Development Block Grant (CDBG)
Eligible small city and county governments may apply for CDBG funds to assist an expanding or new business in Kansas. Under the business finance part of the program, funds are available for working capital, machinery and equipment and real property. For the infrastructure part of the program, funding is available for water lines, sewer lines, roads, rail spurs and pre-treatment facilities.
Partnership Fund

Kansas provides low-interest state funds to cities and counties for infrastructure improvements that support Kansas basic enterprises such as manufacturing and distribution.

Kansas Bioscience Authority (KBA)
The KBA assists in the expansion and recruitment of bioscience companies. The KBA has direct financing programs and other resources to recruit new biosciences companies, as well as working to recruit world-class scholars, fund equipment and lab space for research, and help with the commercialization of bioscience discoveries.

Additional information
For more information about these and other finance programs, contact Heather Pierson, Kansas Department of Commerce, at 785-296-5298.