Economic Incentive Programs

The City of Olathe has a number of economic development programs available to eligible businesses and/or property owners. Many of the programs offer specific incentives and funding.   Some of the incentives are available only in specific areas, while others are available throughout the City.

 

Benefit Districts are a financing and development tool whereby cities can issue general obligation bonds for construction of public improvements and assess the cost to properties that benefit
 

 

Community Improvement District (CID)  allows a commercial property owner to petition the City to levy special assessments or impose up to an additional 2% sales tax within a CID to fund eligible project costs.

 

Excise Tax’s, for streets, transportation (signal) and park improvements are lump sum payments made by developers  to be utilized with other funding for infrastructure improvement.

 

 

 

Industrial Revenue Bonds (IRB)  The City of Olathe may provide a 50% tax abatement to new and existing businesses on real property investments if the project meets certain criteria.
 

Neighborhood Revitalization Area (NRA) was established to encourage reinvestment in the City's Original Town.
 

 

 

 

Sales Tax Revenue Bonds (STAR) provide Kansas municipalities the opportunity to issue bonds to finance the development of major commercial entertainment and tourism areas and use City and State sales tax revenue generated by the development to pay off the bonds.

 

Tax Increment Financing (TIF) is a development tool which allows cities to pay a portion of redevelopment costs for a new development which is located in the state Enterprise Zone, in a Blighted Area, or a Conservation Area.
 

Transportation Development District (TDD) is a special taxing district whereby a petitioner of 100% of the landowners in an area request either the levy of special assessments or the imposition of a sales tax of up to 1% on goods and services sold within a given area.

 

 

The Resource Management Department provides annual reports to the Olathe City Council regarding Olathe's economic development activity. These reports provide general information regarding new economic development activity as it relates to the City's industrial revenue bond, tax increment financing, transportation development district, and benefit district programs. The report may also contain other economic development information requested by the City Council from time to time.