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Taxes

Business Formation Fees

Corporate Franchise Taxes

Income Taxes - Corporate

Income Taxes - Individual

Property Taxes

Sales & Use Taxes

Unemployment Insurance

Workers' Compensation

Incentives

Advanced Energy

Enterprise Zones

Financing Programs

Foreign Trade Zones

Income Tax Credits

Int'l Trade Incentives

Job Creation Incentives

Life Sciences and R&D

Property Tax Exemptions

Sales & Use Tax Exemptions

Training Programs

Utility Incentives

Venture Capital

Tax & Incentive Profile

Foreign Trade Zones

The Kansas City area Foreign Trade Zone (FTZ) ranks first in available FTZ space, featuring nine active general purpose FTZ sites and more than 10,000 acres of space for storage and/or processing of merchandise. In addition, six manufacturing subzones are used in the assembly of automobile parts, motors and robotic components, outdoor gear and processing of agricultural chemicals and products. The Kansas City trade zones handle more volume than those of Dallas/Ft. Worth, Denver, Minneapolis, Oklahoma City, Tulsa, and St. Louis.

The trade zones program in the Greater Kansas City area is operated by the Greater Kansas City Foreign Trade Zone, Inc. (GKCFTZ). Kansas City was the first inland area to be granted the right to operate a FTZ and the first administered by a private, not-for-profit corporation. In the early 1970s, Kansas City pioneered what is now referred to as the "distributed" FTZ, which includes several zones and subzones throughout the area. Companies can consider the advantages of several area sites on both sides of the state line.

The available storage space in the zone sites includes modern, above ground warehouses and energy efficient underground storage. Companies in Kansas City FTZs take advantage of outstanding air, rail, truck, and barge transportation systems.

The FTZ encourages international commerce and offers businesses many cost saving advantages:

• Under the supervision of U.S. Customs and Border Protection, foreign goods may enter Kansas City's designated FTZ areas free of custom duties and fees for an unlimited period of time.
• While in the zone, goods may be stored, manipulated, mixed with domestic and/or foreign materials, used in a manufacturing process, or exhibited for sale.
• Imported goods assembled or manufactured in a zone may be subject to a lower duty rate. Duty is assessed on the value of the imported parts at the duty rate applicable to the imported parts or applicable finished product, whichever is lower. Duty is not assessed on U.S. labor or materials used in assembly or manufacturing.
• Since there are no time restrictions, merchandise may be stored indefinitely without duty until it is sold and/or moved out.
• Damaged, defective or non-salable merchandise may be destroyed without being subject to U.S. customs duty.
• Merchandise may be exported without being subject to U.S. customs duty.

The FTZ offers many advantages including expedited and cost effective access to the program benefits for all companies, large and small alike, through simpler application processes and shortened application time frames when businesses are locating in existing FTZ space.

To view a list and map of FTZ locations visit the KC SmartPort website.

 

DEFINING THE GREATER KC METRO AREA

Kansas City is a Missouri/Kansas bi-state metropolitan area. All statistical references made to Kansas City Metropolitan Statistical Area (MSA) include the counties of Cass, Clay, Clinton, Jackson, Lafayette, Platte and Ray in Missouri, and Johnson, Leavenworth, Miami and Wyandotte counties in Kansas. The greater Kansas City area also includes the adjoining Lawrence, KS, St. Joseph, MO, and Topeka, KS MSAs, as well as the Atchison, KS, Chillicothe, MO, Ottawa, KS, and Warrensburg, MO areas.