Rural Business Development Tax Credit Program (RBDTC)

The Rural Business Development Tax Credit Act, passed by the Kansas Legislature in 2004, establishes a tax credit for rural business development in the seven designated economic development regions (Northwest, North Central, Northeast, East Central, Southeast, South Central, and Southwest) of the state. GPDI's 28 county service area represents the Southwest region.

This program will be funded by contributions from Kansas businesses and/or individuals who will in turn receive a Kansas state tax credit equal to 75% of the amount contributed. Click here if you would like to learn more about contributing to this fund and receiving this state tax credit.

Because this fund is still in the developmental stage, not all program requirements have been finalized. Check back often for updates on the progress of this fund.

Eligibility

• Small businesses, including start-ups, expansions or retentions.

• Eligible areas: Entire GPDI service area.

Projects Financed

• Eligible projects must exclusively benefit rural communities of Kansas, defined as being as a city/county having a population under 50,000, or an unincorporated area within a county that has a population under 100,000:

Loan Amount

• Still to be determined.

Interest Rate/Fees

• Still to be determined.

Repayment

• Still to be determined.

Collateral

• Still to be determined.