2.1 Study Session - Abatement Percentage Calculation ChartI`I S Salina Community
S AL II I! NIV A Economic Development
KANSAS Organization
PROJECT
Salina Kansas
Abatement Percentage Guidelines
"The guidelines are subject to the SCED Board and Salina City Commission and interpretation and final decision.
NEW JOBS
5 to 25
26 to 50
>50
20%
30%
40%
INVESTMENT
$1M - <$5M
$5M -<$10M
$10M - $15M
>$15M
30%
40%
50%
60%
Additional TOTAL
Considerations ABATEMENT
Percentage** PERCENTAGE
Proposals for abatement must meet the following qualifying criteria:
The proposed business is in one of the target industries identified in the SCEDO Strategic Plan: Aerospace, Agribusiness, Distribution. Advanced Manufacturing
The new jobs proposed will provide wages greater than 120% of the KDOL Annual Wage Survey and include benefits.
The proposed business has 30% of its revenues originating outside the Salina area.
The proposed new business or business expansion will not occur without abatement.
Exceptions will be considered on a case-by-case basis.
Additional Consideration is given to to following criteria:**
Proposed business is in one of the target industries in strategic plan
10%
Sales tax receipts generated by the business are at a certain threshold
10-15%
Proposed business has synergy with existing businesses
10%
Business is already located in the Salina area
20%
Proposed new business or business expansion will bring community
25%
development benefits (e.g. will provide childcare, support new housing, etc.)
Impact on community resources
-20%to+20%
Approved 12/15/2022