There are many reasons for a business to locate in Beloit. Beloit is responsive to the needs of business and offers attractive incentives to companies. Some of these are on a state level, while others are on a local level. The State of Kansas grants an income tax credit to encourage new business facilities. The Job Expansion and Investment Credit Act allows for a qualifying business to receive the tax credit for a period of up to ten years.
Many businesses qualify.
The City of Beloit and Mitchell County have a tax abatement policy and has granted tax abatement to qualifying businesses. The Kansas Freeport Law is designed to provide tax relief to interstate businesses. The Governing Body of the City of Beloit will make available the following financial incentives for any industry or business to locate or expand within our designated Enterprise Zones. Building permit fees. All utility hook-up fees.