Mitchell County Community Development began working with local businesses in 2004 and since that time we have documented 68 success stories including 34 new businesses and 34 expansion projects. New Businesses have included a small trucking company (Griffith Transportation, a custom cabinet shop in Tipton, KS. Simpson Farms which is an Apache sprayer dealership in Beloit, small restaurants, a coffee shop, private fitness center, florists, chiropractors and an auto dealerships. We have also worked with a company called Old School Seals that manufactures wax seals for formal letters and invitations that now calls Tipton, KS their home.
Several multi-million dollar projects have bloomed over the years with Farmway COOP and their rail car loading facility in Glen Elder, KS plus their steps to add several types of large grain storage facilities in Glen Elder and Beloit plus a new Distribution Facility on Highway 24 in Beloit.
We have worked with Carrico Implement, Fin-Kool (a custom machine shop), Fouts Insurance, Solomon Valley Home Center, Sunflower manufacturing and Great Plains Manufacturing on expansion projects including a new Research and Development Facility for Sunflower manufacturing just a couple of years ago.
We have worked with developers on large housing projects such as the development of the Porter House Apartments project in downtown Beloit and our most recent project with Manske & Associates with the Crown Homes development in the Ackerman Addition of Beloit.
We now have 4 lots sold in our business park. Three of those within the past year. As a result of that we are getting three businesses....Racer Tech, Midway Development and Schroeder Building and Cabinets.
Thompson Tire Company and Super 8 Motel are also working on expansions right now. This Spring we will have at least 7 commercial construction projects underway simultaneously.
In 2005 we created a county-wide Neighborhood Revitalization Plan to encourage more investment in both residential and commercial construction. As a result we have over $41.7 million in construction projects approved through this program.
From October 15,2006 to January 15, 2012 there were 158 projects approved under the Neighborhood Revitalization Program in Mitchell County, KS. This includes 50 commercial construction projects and 84 residential construction projects and 24 ag facilities.
In the future we are looking to open up new opportunities for commercial development along Highway 24, open a new housing development area, a new restaurant is expected to open soon at the junction of Highways 24 & 14 and efforts are underway to bring a couple of new businesses into the downtown business district in Beloit.
Efforts are also underway to recruit new residents to the community through the Rural Opportunity Zone program introduced last year by the state of Kansas. We are also reaching out to recruit residents to fill positions with local employers. Plus we are working to encourage the state to assist with more "work force" housing programs to aid developers in constructing wage appropriate housing for our local workforce.
Investments being made today will help our community continue to move forward in the future.
Showing posts with label Neighborhood Revitalization. Show all posts
Showing posts with label Neighborhood Revitalization. Show all posts
Tuesday, February 28, 2012
Friday, October 30, 2009
Neighborhood Revitalization Program Has Positive Impact
Since the Neighborhood Revitalization Program was adopted county-wide nearly $19 million in construction projects have been approved in Mitchell County, KS.
The program was adopted county-wide in October 2006. It offers an incentives to both home owners and businesses to make improvements to their properties, build additions and construct new buildings. The incentive is a tax "rebate" based on the increase in the value of the proprety after the improvement is made.
Local taxing entitites also say they like the program because it does not take away any existing tax revenues. For example if the taxes on a property are $1,000 per year and you put up a new building that increases the taxes by $1,000. The local taxing entities will still receive the $1,000 in taxes. What they "rebate" is based on the additional $1,000 that was added to the tax value of the property.
A property owner can receive a rebate up to 95% on improvements made to their home or commercial building. It can also be applied to new construction. The 95% rebate is good for 3 years. On the 4th year it drops to 80%, the 5th year 70% and so on for a total of 10 years in the Neighborhood Revitalization Program.
Applications for the program are available at the Mitchell County Appraisers office. They must be completed and approved by the county commissioners before any work can begin. The project must increase the value of the property at least $10,000 and it should be completed within a year.
Once the work is completed you will also need to complete a form to notify the Appraisers office the project is finished. So they can inspect it again and set the new property value.
It is important to note. This is not a tax abatement program. It is a rebate and the property owner is responsible for paying the "full amount" of the taxes including the new, increased portion. After receiving the payment the county will figure the amount that is to be rebated and return 95% .
Local taxing entities participating in the program include Mitchell County, the cities of Beloit, Glen Elder, Cawker City, Tipton, USD 273 and USD 272.
For more information on the program call 785-738-2717 or 785-569-1465.
The program was adopted county-wide in October 2006. It offers an incentives to both home owners and businesses to make improvements to their properties, build additions and construct new buildings. The incentive is a tax "rebate" based on the increase in the value of the proprety after the improvement is made.
Local taxing entitites also say they like the program because it does not take away any existing tax revenues. For example if the taxes on a property are $1,000 per year and you put up a new building that increases the taxes by $1,000. The local taxing entities will still receive the $1,000 in taxes. What they "rebate" is based on the additional $1,000 that was added to the tax value of the property.
A property owner can receive a rebate up to 95% on improvements made to their home or commercial building. It can also be applied to new construction. The 95% rebate is good for 3 years. On the 4th year it drops to 80%, the 5th year 70% and so on for a total of 10 years in the Neighborhood Revitalization Program.
Applications for the program are available at the Mitchell County Appraisers office. They must be completed and approved by the county commissioners before any work can begin. The project must increase the value of the property at least $10,000 and it should be completed within a year.
Once the work is completed you will also need to complete a form to notify the Appraisers office the project is finished. So they can inspect it again and set the new property value.
It is important to note. This is not a tax abatement program. It is a rebate and the property owner is responsible for paying the "full amount" of the taxes including the new, increased portion. After receiving the payment the county will figure the amount that is to be rebated and return 95% .
Local taxing entities participating in the program include Mitchell County, the cities of Beloit, Glen Elder, Cawker City, Tipton, USD 273 and USD 272.
For more information on the program call 785-738-2717 or 785-569-1465.
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