Investment Capital & Economic Incentives
We’ve worked hard to bring together financing options for any company that might want to start in or expand to Manhattan. These include but are not limited to:
- Seed/Early Stage Capital Funds
- Angel Networks & Programs
- Capital Conferences
- Kansas Based Venture Cap Funds
- Investment Support
Wichita Technology Ventures
A seed capital fund, provides seed and early stage financing for promising new technologies with commercialization potential.
Technology Acceleration Partners (TechAccel)
A development company focused on the advancement of innovation in partnership with leaders in Agriculture, Animal Health and Food sectors.
Mid America Angels
Mid America Angels ("MAA") is a regional network of accredited investors dedicated to identifying and funding the most promising early stage companies in the Kansas-Missouri region.
Midwest Venture Alliance
Midwest Venture Alliance (MVA), including its affiliate, the Southeast Kansas Venture Alliance (SEKVA), is a network of accredited investors committed to investing in high-growth seed and early-stage technology companies in Kansas and surrounding states.
Kansas Angels Investors Tax Credit (KAITC)
This statewide program enables accredited angel investors to qualify for the Kansas Angel Investor Tax Credit, a 50% tax credit on their cash investment of up to $50,000, in a certified Kansas business.
Angel Capital Group
A national Angel investing organization specializing in funding companies with unique products or services in large opportunity markets typically needing $300,000 $ 1,000,000 in capitalization.
Great Plains Capital Conference
The Great Plains Capital Conference brings together the region's technology leaders, entrepreneurs and angel investors for presentations by eight to ten emerging businesses seeking funding. Presenting companies are seeking venture capital from several hundred thousand to $5 million each.
This annual conference facilitates the investment in the regions top companies in life sciences, technology, and alternative energy. The conference regularly experiences more than 300 attendees and has helped generate over $300 million in investment in the past 8 years.
Animal Health Investment Forum - KCADC
The KC Animal Health Investment Forum offers one of the only opportunities in the world for early stage companies in the animal health sector to present their vision and business plan to potential investors. Companies presenting at the Forum have raised $165 million. Several have also received licensing agreements or distribution contracts.
Open Prairie Ventures
An early stage venture capital firm investing in promising growth technology companies that are disciplined in efficient capital and disruptive innovations. October Capital — a private equity firm, founded in 1999, based in Kansas City, Kansas.
Konza Valley Capital, Inc.
A licensed SBIC that provides equity and mezzanine capital to small and middle market, Midwestern companies that have the potential for significant growth and long-term equity appreciation.
StartUp Kansas has been established to provide support in obtaining seed capital funding for Kansas entrepreneurs who are starting a business or want to grow their existing business.
Riley County/Manhattan Entrepreneurial Community Revolving Loan Fund
The Riley County/Manhattan Entrepreneurial Community (ECommunity) is a revolving loan fund providing gap financing to small businesses (<25 employees) located in Riley County and municipalities located in Riley County except some portions of Manhattan.
Economic Development Incentives
You’ll find a number of local and state incentive opportunities to fit your company’s needs. These include several offered by the City of Manhattan and numerous programs available through the State of Kansas.
Industrial Revenue Bond Financing
Used to finance an existing or new facility and equipment and offers lower interest rates than conventional financing.
General Economic Development Assistance in the Form of Loans or Grants
Based on capital investment and/or job creation, these incentives are performance based.
For more information on City of Manhattan Economic Development Funding Assistance please visit: Economic-Development
Promoting Employment Across Kansas (Peak) Program
During the benefit period, participating PEAK companies may retain 95 percent (95%) of the payroll withholding tax of PEAK-Eligible employees/jobs that pay at or above the county median wage where the operations and jobs will be located. Depending on the number of PEAK jobs/employees to be hired in Kansas and their wage levels, the Secretary can approve benefit periods for up to 10 years.
Kansas Industrial Training (KIT)
KIT covers employee training expenses for new and expanding businesses including instructors' salaries; travel (including out-of-state travel where appropriate); meals and lodging; manuals and other supplies; temporary training facilities and curriculum planning and development.
Kansas Industrial Retraining (KIR)
The KIR program can be used to help upgrade skills of an existing workforce of basic enterprises that are restructuring due to the incorporation of existing technology, new technology, product diversification, or new production activities.
Kansas Capital Multiplier Loan Fund
Under the Kansas Capital Multiplier Loan Fund, businesses can apply for matching loans up to 9% of the private capital invested. Private capital invested includes the amount of the loans provided by financial institutions, certified development companies and other sources of private lending. Private capital also includes the entrepreneurs’ investment and funds provided by angel investors and angel investor groups. The minimum loan from the Kansas Capital Multiplier Loan Fund is $25,000, with a maximum loan of $500,000.
Kansas Capital Multiplier Venture Fund
Under the Kansas Capital Multiplier Venture Fund, businesses can apply for matching equity up to 9% of the private equity invested. Private equity invested includes funds invested by private equity firms and angel investors. Businesses eligible include technology and biosciences companies working with a state entrepreneurial center, University Center of Excellence, and/or the Kansas Bioscience Authority (KBA). Rural businesses or businesses in distressed areas of urban communities that meet critical community needs; are growth businesses with local angel investors; or are larger businesses with less than 500 employees that have local angel investors and significant private equity investment may also qualify. The minimum equity investment contribution from the Kansas Capital Multiplier Venture Fund is $25,000, with a maximum equity investment contribution of $250,000.
The High Performance Incentive Program (HPIP)
HPIP offers income tax credits and workforce training credits to companies that pay above average wages for their industry, make capital investments in their operations and invest in workforce training.
Sales Tax Exemptions
For qualifying companies, the High Performance Incentive Programs offer a 100% sales tax exemption on the purchase of labor and materials to construct or remodel a facility, as well as on the machinery and equipment used in the facility.
Machinery & Equipment Property Tax Exemption
Commercial and industrial machinery and equipment acquired by qualified purchase or lease, or transferred into the state for the purpose of expanding an existing facility or establishing a new facility after June 30, 2006 is exempt from state and local property tax.
Machinery & Equipment Expense Deduction
Effective January 1, 2012, Kansas taxpayers will be allowed to claim an expense deduction for business machinery and equipment, placed in service in Kansas during the tax year. The onetime deduction is allowed for each qualified purchase of machinery and equipment in the year that it is placed in service. The expensing deduction is representative of the difference between the cost of the item and the present value of the stream of depreciation deductions allowed under normal federal depreciation rules.
Research & Development Tax Credit
This is an income tax credit equal to 6.5% of a company's investment in R&D above an average expenditure of the previous 3 year period.
Certified Development Companies
Kansas Certified Development Companies (CDC) assist businesses by developing loan packages that meet the financial need of a project. These packages often contain multiple sources of project funding, thus providing the small business customer with the best combination of rates and terms possible.
The Department of Commerce offers a diverse portfolio of financial incentives to Kansas businesses and producers engaged in conventional and renewable energy production.
Work Opportunity Tax Credit
The Work Opportunity Tax Credit helps people move from welfare to work and gain on the job experience by encouraging private employers to hire within one of several targeted groups of job candidates who traditionally face significant barriers to employment, reducing employer's federal income tax liability by as much as $2,400 per qualified new worker in the first year of employment.