The City offers economic development programs available to eligible businesses and/or property owners.
Many of the programs offer specific incentives and funding.
Some 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 (GO Bonds) for construction of public improvements and assess the cost to properties that benefit.
Community Improvement Districts (CIDs) allow a commercial property owner to petition a city to levy special assessments or impose up to an additional two percent sales tax within a CID to fund eligible project costs.
Industrial Revenue Bonds (IRBs) and Tax Abatements allows cities to provide a 50 percent tax abatement to new and existing businesses on real property investments if the project meets certain criteria.
Neighborhood Revitalization (NRP) was established to encourage reinvestment in the City of Olathe Original Town.
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 a state enterprise zone, a blighted area, or a conservation area.
Transportation Development Districts (TDD) are a special taxing district whereby a petitioner of 100 percent of the landowners in an area request either the levy of special assessments or the imposition of a sales tax of up to 1percent on goods and services sold within a given area.
The Resource Management Department provides an Economic Development Report to the Olathe City Council about Olathe's economic development activity.
- The report provides general information about new economic development activity.
- The report may also contain other economic development information requested by the City Council.