Since 2009 the Kansas Department of Commerce (Commerce) has offered the Promoting Employment Across Kansas (PEAK) incentive program. It’s become one of the most popular incentive programs in the state—largely because participating PEAK companies may receive 95 percent of the Kansas withholding tax for PEAK-eligible employees who are paid at or above the county medium wage where the business is located.
However, since PEAK is a discretionary incentive program, the flexibility of entry has shifted over time. Previously, companies were merely encouraged to work with a Commerce regional project manager when applying for PEAK. Now companies must work with a Commerce regional project manager to apply.
In addition, the program previously was fairly flexible regarding timing of submitting the application. To qualify now, companies must submit applications prior to hiring PEAK jobs/employees and within 180 days of acknowledgment that the project will be located in Kansas.
Though these changes are more stringent, PEAK is still an attractive option for many companies. It’s imperative that companies begin planning for these additional guidelines as soon as their management considers expanding in Kansas. For more information or assistance with PEAK requirements, contact Amy or your trusted BKD advisor.