We have a variety of local incentives that can work together to assist your business.
Tax Abatements & Industrial Revenue Bond's
Concordia and Cloud County may offer up to 10 years tax abatement or Industrial Revenue Bond's for manufacturing or research facilities. This incentive is determined by the type of business, quality of jobs created or retained, wages paid, capital investment and overall community impact.
Neighborhood Revitalization Act
The Neighborhood Revitalization Program provides property tax rebates to those building within the revitalization district. The district encompasses all of Cloud County except for the Concordia TIF District.
To be eligible, the construction must be for residential, commercial, farm home sites, or agriculture buildings. The incremental value increase must be $20,000 or more. Eligibility is determined by the County Appraiser in conjunction with the Cloud County Clerk.
Get in the Cloud Small Business Grant
The Get in the Cloud Grant Program is an aggressive approach to recruiting small business in Cloud County. We want your startup and we're willing to invest to make it a reality.
The Get In The Cloud Grant awards 50% of startup costs up to $50,000 on a competitive basis to business owners looking to open their doors in Cloud County. The guidelines and application will walk you through the steps you need to take to apply. Click here to visit the Get in the Cloud Page.
Concordia Revolving Loan Fund
The Concordia Revolving Loan fund is a Community Development Block Grant (CDBG) program and is a high risk loan pool. Applicants can obtain $35,000 per job being created/retained, subject to availability of funds. Fifty-one percent (51%) of the jobs created/retained must be to the benefit of low-to-moderate income families through survey.The interest rate is up to the bank as this is a bank loan guaranty program. The term is 3-7 years for working capital and inventory and 3-15 years for fixed assets. Primary eligibility requirements include bank participation. This is a bank loan guaranty program. Additionally, the program is only available in the City of Concordia. Construction projects require adherence to Davis-Bacon Wage Rates and ADA handicapped accessibility.
Tax Increment Financing District
The Tax Increment Financing District (TIF) allows for infrastructure work, site clearance, and sidewalk/gutter projects on TIF sites. TIF takes in the South Development near Walmart, the entire 81 Corridor and downtown in the city of Concordia.
Please come talk to us at the CloudCorp office if you have a project. All TIF projects must be approved by the Concordia Planning Commission with final approval by the Concordia City Commission. This district is set to expire in 2020.