Report Says Kansas Incentive Program Biased Against Small Businesses
An advocacy group based in Washington says a business incentive program in Kansas is biased in favor of large businesses.
The PEAK program allows businesses to keep most of the state withholding taxes when they create certain types of jobs. The group Good Jobs First says larger organizations are less likely to need to help provided by PEAK.
Matt Keith, with the Kansas Department of Commerce, says the group is only looking at one of the state’s incentives.
“There are a lot of other ones that are designed specifically for small businesses. If you look at something like Angel Investor Tax Credits, those would be available to start-up businesses, small businesses,” Keith says.
Keith says PEAK is aimed at growing jobs and larger firms can create more jobs all at once.