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Virtual Job Fair Offers Hundreds of Employment Opportunities in Kansas Lieutenant Governor and Secretary of Commerce David Toland encourages jobseekers and employers searching for talent to take part in the final Virtual Statewide Job Fair of the year, hosted by KANSASWORKS, from 8:00 a.m. to 5:00 p.m. Wednesday, December 13. Governor Kelly Announces Nearly $15M Available to Connect Kansans to Digital Devices and Public Wi-Fi Governor Laura Kelly announced today that applications are open for the Advancing Digital Opportunities to Promote Technology (ADOPT) program. A total of $14.7 million in grant awards will be available to organizations addressing the challenges of broadband accessibility, affordability, and device availability. Governor Kelly Announces $28.5M for High-Speed Internet Infrastructure Governor Laura Kelly announced today that $28.5 million in grants were awarded to 12 entities through the Lasting Infrastructure and Network Connectivity (LINC) program. The LINC program provides strategic funding for crucial aspects of broadband connectivity to reduce the cost of internet service, increase availability, and improve performance. Governor Kelly Announces $5M to Expand Access to High-Speed Internet in Rural Kansas Communities Governor Laura Kelly today announced that $5 million has been awarded to eight internet service providers (ISPs) in the latest round of Broadband Acceleration Grants for 2023. The awards will be paired with an additional $6.6 million in matching funds, resulting in an investment of nearly $12 million for high-speed broadband access projects across 10 rural Kansas counties. View All

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Federal Opportunity Zones

Supporting investment in economically distressed areas of Kansas

Opportunity Zones offer investors preferential tax treatment for capital gains invested in low-income communities. The program is designed to encourage long-term investment in economically distressed areas and promote economic growth. These investments provide support to projects focused on a wide array of issues including, downtown revitalization, housing improvements and expansion of industrial parks and innovation districts.

Kansas Opportunity Zones are open for business! 74 Kansas census tracts are ripe for investment and ready for development

The following incentives are offered to investors for putting their capital to work in these qualified opportunity zones.

  • Temporary capital gain tax deferral
    • The period of capital gain tax deferral ends on 12/31/26 or an earlier sale
  • A step-up in basis
    • Investment held for five years – basis increased by 10% of deferred gain (90% taxed)
    • Investment held for seven years – basis increased by another 5% of deferred gain (85% taxed)
  • Forgiveness of additional gains
    • Investment held for 10 years – basis equal to fair market value; forgiveness of gains on appreciation of investment of sale or exchange of Opportunity Fund investement. This exclusion applies only to gains accured after an investment in an Opportunity Fund.

Want to Learn More About Tax Credit & Financing?

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