Local Incentives

Property Tax Abatement

The City of Lawrence may offer property tax abatement, subject to a public approval process.

Small Business Administration (SBA) 504 Program

The U.S. Small Business Administration (SBA) 504 Loan Program provides long-term, subordinated, fixed rate financing for fixed assets including machinery and equipment with a life of ten or more years, or real estate loans with a maturity of 20 years.

Small Business Administration (SBA)7 (a) Loan Guarantee Program

The U.S. Small Business Administration (SBA) 7(a) Loan Guarantee Program is the primary SBA mechanism for financing user-owned or user-operated business expansions.

Business Machinery and Equipment Tax Credit

The Kansas Tax Reduction and Reform Act of 1998 against the income tax, privilege tax, and insurance company premiums tax.