Industrial Revenue Bonds (IRBs)
Industrial Revenue Bonds are among the most popular and cost efficient methods of financing up to 100% of a growing business’ land, buildings, and equipment. IRBs are securities issued by cities and counties to provide the funds for credit-worthy companies to purchase land, purchase, remodel, or expand existing facilities, or construct and equip new facilities.

A limited amount of other developmental and financing activities such as engineering, legal, architectural, and bond underwriting may also be financed from bond proceeds. Interest received by IRB holders is exempt from federal and state income tax. As a result, the "cost of money" to finance the project for the life of the bond is reduced.

Most IRBs are structured over a 15-year time period. Principal repayment terms are flexible and can be structured to meet a company’s specific cash flow needs. The bonds are not usually callable (subject to repayment prior to maturity) before the third or fourth year.

Businesses using Industrial Revenue Bonds as a financing option may also be eligible for the following tax exemptions:

• For up to ten years after the bonds are issued, property financed with an IRB is exempt from ad valorem taxation.
• The cost of building materials and permanent equipment is exempt from state and local sales taxes.

Kansas Existing Industry Expansion Program (KEIEP)
The Kansas Existing Industry Expansion Program provides grants and loans to assist in financing the expansion of small businesses in Kansas. KEIEP awards are performance based and dependent upon the project’s size. Expansions by existing Kansas commercial enterprises are eligible for awards.

Kansas Economic Opportunity Initiatives Fund (KEOIF)
The Kansas Economic Opportunity Initiatives Fund was established in recognition of the need to assist Kansas communities and businesses when an economic emergency or unique opportunity arises.

Funds may be provided based on the following factors:

• Major expansion of an existing Kansas
commercial enterprise
• Potential Kansas location of the operations of
a major employer
• Departure from Kansas or substantial reduction
of the operation of a major employer

Possible uses of KEOIF monies include site and facility construction or improvements, equipment purchases, and other project-related costs associated with the establishment or expansion of a Kansas facility.

Kansas Technology Enterprise Corporation (KTEC)
The Kansas Technology Enterprise Corporation operates several programs that provide financing (and other assistance) for "high-tech" Kansas businesses. These programs include early seed capital and grants for research and development, equipment and facilities, training and technical consultation.

Export Loan Guarantee Program
The Kansas Export Finance Program was established to help companies obtain financing to participate in export transactions. Through one of the few export finance programs in the entire nation, the state of Kansas is able to issue loan guarantees, encouraging lending institutions to provide financing for small companies to participate in export orders.

Community Development Block Grant (CDBG)
Certain communities receive an annual Community Development Block Grant from the Kansas Housing and Urban Development Department. Those cities and counties that do not may apply to the Kansas Department of Commerce for block grant community development funds in order to make water, sewer, or other infrastructure improvements that are designed to assist new or existing companies create or retain jobs.

Kansas Venture Capital, Inc. (KVCI)
Kansas Venture Capital, Inc., is a statewide risk capital system designed to meet the special needs of businesses throughout Kansas. The system seeks to create private risk capital for investment in smaller Kansas businesses.

All funds invested by the KVCI must be invested in Kansas businesses for the sole purpose of enhancing productive capacity within the state, or for the purpose of adding value to goods or services produced or processed within the state.