Financial Assistance for New Facilities
This is a cost-efficient method that finances up to 100% of the purchase of land and costs to construct and equip new facilities or the costs to acquire, remodel, and expand existing facilities. Industrial Revenue Bonds (IRB) are securities issued by cities, counties, and the Kansas Development Finance Authority. There are tax-exempt and taxable bonds based upon what is financed. Other IRB benefits include eligibility for a property tax exemption for up to 10 years and a sales tax exemption for labor and materials purchased for new facilities.