Incentives
CloudCorp understands the needs, opportunities, and challenges business owners and entrepreneurs face. As such, Cloud County municipalities and the State of Kansas collaborate with businesses to provide competitive packages.
Local incentives:
- Tax Abatements and IRBs: Concordia and Cloud County offer up to 10 years tax abatement or IRBs for manufacturing or research facilities. This incentive is determined by the type of business, quality of jobs created or retained, wages paid, capital investment and overall community impact. Retail, service and agriculture don’t qualify.
- Opportunity Zones: Cloud County has one opportunity zone designated by the U.S. Treasury in 2018. This zone is the east side of Concordia but encompasses some countryside, too.
- Neighborhood Revitalization: This program provides property tax rebates to those building within the revitalization district. This district encompasses all of Cloud County except for the Jamestown Wildlife Area.
- Get in the Cloud Grant: The Get in the Cloud Grant Program is an aggressive approach to recruiting small business in Cloud County. The Get In The Cloud Grant awards 50% of startup costs up to $50,000 on a competitive basis to business owners looking to open their doors in Cloud County. Learn more about the application and guidelines. To view and print our Budget Form, Click Here.
- Concordia Revolving Loan Fund: The Concordia Revolving Loan fund is a Community Development Block Grant (CDBG) program and is a high-risk loan pool. Applicants can obtain $35,000 per job being created/retained, subject to availability of funds. Fifty-one percent (51%) of the jobs created/retained must be to the benefit of low-to-moderate income families This is a bank loan guaranty program. Additionally, the program is only available in the City of Concordia. Construction projects require adherence to Davis-Bacon Wage Rates and ADA handicapped accessibility.
