News Flash

Website News

Posted on: June 19, 2023

Developer Considering Speculative Program

MM - 1

The premise is that most economic development projects today are on significantly tighter timelines than in the past. If a company is bidding on a new contract, working on a new customer, or opening a new region, chances are, the company will require additional capacity. Many times, the company will not have time to wait for new construction.

That’s not always the case, but an existing building is generally preferred when we receive a request from a company considering expanding into Kansas. We haven’t had a lot of inventory lately, and the two buildings we have had (Tallgrass brewery and McCall’s) filled relatively quickly.

That’s why we proposed a speculative building incentive program a number of months ago. This program, copied from similar programs in other Kansas communities, would encourage private investment in a larger industrial building. As you may remember, if a developer builds at least 50,000 square feet of industrial with the idea of making at least 25,000 available in one contiguous space, they would be eligible for a five-year property tax abatement with an additional 50-percent available in years six through 10.

This makes the cost of investing in a speculative facility (prohibitive in most cases) more palatable.

We have had a developer come forward to propose a 112,000 square foot manufacturing building and will be seeking program benefits at the next commission meeting. After reviewing the plans, we believe it fits the intent of the program and we will be at the meeting to ask the commission to approve the application.

If you are interested in learning more about the project, you can review it here.

We appreciate the developers (Flint Hill Ventures, LLC) for their potential investment in the community. We have already started marketing this opportunity to potential new companies and believe very strongly that we will see new jobs come from this project.

Facebook Twitter Email

Other News in Website News

MM - 1

New Funds, New Director for Spark

Posted on: February 20, 2024
MM - 1

Mayor, Chamber Chair to Speak Thursday

Posted on: February 13, 2024
Volunteer of the Year 23

Manhattan Area Chamber of Commerce names Jim Morrison as C. Clyde Jones Volunteer of the Year

Posted on: February 12, 2024 | Last Modified on: August 12, 2021
MM - 1

Update on Important Initiatives

Posted on: February 5, 2024
MM - 1

Housing a Critical Community Issue

Posted on: January 30, 2024
20240119_095523

Flint Hills Regional Leaders Retreat

Posted on: January 22, 2024
Retreat ad

Regional Leaders Retreat

Posted on: January 9, 2024
15Under40 winner post

Chambers Name 2024 15 under 40 Winners

Posted on: January 3, 2024
MM - 1

Happy 2024!!!

Posted on: January 2, 2024
MM - 1

Elevate Fund Gets off the Ground

Posted on: December 19, 2023
MM - 1

Aggieville Project on City Agenda

Posted on: December 11, 2023
MM - 1

Chamber Congratulates Ron Fehr

Posted on: December 6, 2023
MM - 1

Christmas Season is Upon Us

Posted on: November 20, 2023
401606169_721131593379941_822458629472927723_n

Manhattan Hospitality Industry Celebrated

Posted on: November 17, 2023
Challenge for email

Chamber Presents Local Think MHK Challenge

Posted on: November 13, 2023
MM - 1

Local Elections Nearing End

Posted on: October 30, 2023
MM - 1

Nominations Open for YP Award

Posted on: October 26, 2023
MM - 1

A Potential Solution to Rising Taxes

Posted on: October 17, 2023
MM - 1

Manhattan in D.C. to Support Fort Riley

Posted on: October 10, 2023
MM - 1

Leadership Manhattan Planning New Year

Posted on: September 25, 2023
MM - 1

Candidates Respond to Chamber Questions

Posted on: September 11, 2023
Business Awards fnl logo 2

KS StateBank Named Cornerstone Winner

Posted on: September 5, 2023
MM - 1

Are You Ready for Some Football?

Posted on: August 28, 2023
MM - 1

Stampede Gets Publicity with RFP

Posted on: August 18, 2023
MM - 1

Taxes and Economic Growth

Posted on: August 4, 2023

Chamber Blue Interest Surveys Due

Posted on: July 11, 2023
MM - 1

Chamber Staff Promotions

Posted on: June 27, 2023
MM - 1

Chamber Earns 5-Star Designation

Posted on: June 12, 2023
MM - 1

Dual Career Program Launched

Posted on: June 7, 2023
MM - 1

Entrepreneurship Funding Approved

Posted on: May 22, 2023
MM - 1

New Diplomats Program Unveiled

Posted on: May 4, 2023
Signing Day Social Media Post 1

Chamber to Support MATC Signing Day

Posted on: April 11, 2023
MM - 1

Commission to Consider Development Studies

Posted on: February 27, 2023
MM - 1

To the 'Ville

Posted on: February 13, 2023
Treat em Right logo

Treat 'Em Right Manhattan

Posted on: February 1, 2023
AM logo 23

Annual Meeting Changing for the Better

Posted on: January 23, 2023