Abatement decreases by ten percent annually over a ten-year period. Abatement may be applicable to both real and personal property. Industrial Sites ranging in size from one to 50 acres and fully served with municipal utilities are available. Most sites are within one mile of Interstate 70, and several feature rail service. Industrial Revenue Bonds issued by the City of Abilene may be used for 100 percent financing of land, buildings, equipment and construction.
Building materials are exempt from sales taxes.
Revolving Loan Funds are available through and administered by the City of Abilene. Inventory Tax Exemptions for merchants' and manufacturers' inventories were recently established by constitutional amendment. State and Federal Grants and loans may be available to new and expanding industries which create jobs. And In Abilene public officials are anxious to assist new and expanding firms in site packaging, development and financing. The city is also available to coordinate industrial employee training programs and technical assistance by Kansas State University's Small Business Development Center.