Economic Development Corporation of Kansas City
Tax bill guts historic tax credits used to rehab Westport Commons, Kemper, lofts
Plexpod Westport Commons wouldn’t exist without the historic tax credits used to make the massive renovation and preservation project financially feasible, said developer Butch Rigby. A GOP-led tax reform bill introduced this month to simplify the tax code, however, would eliminate the Reagan-era tax credit program, which provides a 20 percent federal tax credit for…
Troost revival: Can a brewpub, retail and 670 housing units mend racial divide?
No turning back now, Ilan Salzberg said. “This is real,” the Wonder lofts developer laughed, gesturing at the freshly installed kitchen cabinetry and hardware in a model apartment unit at 30th Street and Troost Avenue. Wonder is expected to be the first of three major residential developments to open between 27th Street and Armour Boulevard…
Beyond borders: Federal grant equips KC to build regional $5M seed fund
Pushing aside the Kansas-Missouri “border war,” a bi-state effort has earned a federal grant that will help create a $5 million fund for startups, which could begin investing as early as 2018. The Enterprise Center in Johnson County announced Monday it secured a $150,000 Economic Development Administration Seed Fund Support grant. The grant — which…
With fund now slashed, LaunchKC alumni say MTC vital to early success
PopBookings probably wouldn’t be in business today without the early support — and more critically the investment dollars — of the Missouri Technology Corporation, Erika Klotz said. “It really allowed us to do more quicker,” the PopBookings co-founder and CEO said. “For any startup, speed is everything. It allowed us to get credibility right out…
Leaders say Kansas City is prime for Amazon HQ2
In the wake of news Amazon is planning a second, U.S. headquarters, a group of Kansas City organizations is tossing Kansas City’s proverbial hat in the e-commerce giant’s shopping cart. Amazon announced Thursday it plans to invest more than $5 billion in a new headquarters that could create as many as 50,000 jobs in which…
