Kansas Industrial Training (KIT)
The Kansas Industrial Training (KIT) program is a comprehensive and flexible work force training program designed to respond to the specific needs of new and expanding firms creating at least five new jobs. Priority is given to Kansas basic industries. This includes firms involved in manufacturing, regional or national service, interstate distribution, agriculture, mining, research and development, interstate transportation and some tourism activities.
KIT funds can be used for instructor salaries, travel expenses, curriculum planning and development, textbooks and materials, and other training related costs. The program is administered on a first come first served basis. Grants average $700 to $800 for each new job.
Kansas Industrial Retraining
The Kansas Industrial Retraining (KIR) program is a job retention tool which assists employees of restructuring industries who are likely to be displaced because of obsolete or inadequate job skills and knowledge. Eligible training expenses are identical to that of the KIT program.
KIR guidelines require a minimum of 5 trainees and a dollar for dollar match. The program is administered on a competitive basis in 6 rounds each year.
Work Opportunity Tax Credit and Welfare-to-Work tax credit (WOTC/W2W) are federal income tax credits that encourage employers to hire certain job seekers and reduce employer federal tax liability. The WOTC/W2W program was designed to help people move from welfare to work and gain on-the-job experience. WOTC/W2W joins other education and training initiatives and targeted tax credits that are helping American workers prepare for good jobs, ease the transition from job to job, and create high performance workplaces.
High Performance Incentives
The High Performance Incentive Program is aimed at retaining high performance Kansas firms and attracting new high quality firms to Kansas. All firms must meet specific wage and training levels.
To satisfy the training requirement, a firm must invest 2% of its total wages paid in employee training, or it must participate in KIT, KIR, or IMPACT work force training programs.
For some types of businesses, aggregate sales to out-of-state businesses and government agencies, and to Kansas manufacturers, must exceed 50% of revenues. Generally, the following industries are not eligible for the program: retailers, wholesalers/distributors, mining, agriculture, and construction.
Headquarters and back-office operations are potentially eligible, no matter with what industry they are connected. Qualified firms can receive:
- 10% investment tax credit against corporation income tax for capital investment in facility or equipment, which exceeds $50,000.Job creation is not required.
- Sales tax exemption on purchases related to the capital investment in facility or equipment.
- Work force training tax credit on training expenditures, which exceed 2% of total wages paid (capped at $50,000).
- Reimbursement for consulting services, not training-related, which accelerate company growth.
- Priority consideration for business assistance programs is offered through the KDOCH, KTEC, and MAMTC organizations.
Why not contact a wKREDA member today to help you with all these programs. We've surely got one that will fit your business plans.