While agriculture remains a strong driver of the economy, Kansas has also seen significant and growing contributions from other sectors, including manufacturing and logistics.
What are the reasons for doing business in Kansas?
Companies doing business in Kansas are attracted by the state’s favorable regulatory environment, central location, low living and operating costs, and an array of incentives to help them expand and grow. Examples include the High-Performance Incentive Program (HPIP), which provides both training and investment tax credits, and Promoting Employment Across Kansas (PEAK), which allows companies to retain or be refunded 95% of the payroll withholding tax of qualified employees for new jobs created in Kansas.
What is the cost of doing business in Kansas?
Kansas has a low to moderate tax burden. The corporate tax rate ranges from 4% to 7%, and individual income tax rates range from 3.1% to 5.7%. The state sales tax rate is 6.5%; jurisdictions may also levy an additional local sales tax.
How is the infrastructure in Kansas?
Kansas has a robust and well-maintained multimodal infrastructure. Its railroads are among the busiest in the nation. Kansas also generates a surplus of electricity — nearly half through wind generation.
What are the challenges of doing business in Kansas?
Kansas has a skilled workforce, but there may not be enough workers to adequately support certain types of economic development. Rural parts of the state have been struggling with a decline in population. Businesses in Kansas may also experience difficulty accessing capital.