Rural Opportunity Zone Incentive Guidelines

https://www.kansascommerce.gov/living/rural-opportunity-zones/ 

There’s something special about life in rural Kansas. Something authentic, something that makes it the ideal place to live, to work, and raise a family. Thanks to the Kansas Rural Opportunity Zones program, there’s never been a better time than now to make rural Kansas your new home!

If you’re looking for lower cost of living, better quality of life, and help repaying your student loans; Kansas is the best choice.

Rural Opportunity Zones are almost 80 Kansas counties that have been authorized to offer one or both of the following financial incentives to new full-time residents:
  • Kansas state income tax waivers for up to five years
  • Student loan repayments up to $15,000 over 5 years

WHO’S ELIGIBLE?

To be eligible for Student Loan Repayments, individuals must:

  • Establish domicile* in a ROZ County after July 1, 2011 AND on or after the date on which the County opts-in to the student loan program
  • Establish domicile* in a ROZ County after July 1, 2011 AND on or after the date on which the County opts-in to the student loan program
  • Hold an associate’s, bachelor’s or post-graduate degree prior to moving to the ROZ County
  • Have an outstanding student loan balance in applicant’s name
  • Ability to provide proof of: residency at current and previous addresses, transcript with degree date, and student loan balance with distribution dates
  • Have a Sponsor. Counties and Employers can sponsor applicants in this program. the Applicant must have a sponsor to receive funding.

STUDENT LOAN REPAYMENT APPLICATION

Applications for Student Loan Repayment are accepted from Jan. 1st through Sept. 30th.

Documents to be provided include:

  • Student Loan Repayment Application
  • Personal Identification (Driver’s License, State ID, ETC.)
  • Proof of previous address before moving to the ROZ County
  • Proof of ROZ County residency
  • Transcript with degree date
  • Proof of student loan balance with distribution dates
  • Know who your sponsor is: county, city, employer, or foundation. To find out if your county has funding available for new applicants please contact your County Clerk.

Required Documents must be emailed to KDC_ROZ@ks.gov

Luke Mahin
Republic County Economic Development
rcedc@nckcn.com
785-374-3047

or

Kansas Department of Commerce
roz@kansascommerce.com
(785) 296-6815

For more information about the state income tax exemption click here or contact:

Kansas Department of Revenue
Office of Policy and Research
(785) 296-3081

Rural Opportunity Zones are 73 counties that have been authorized to offer one or both of the following financial incentives to new full-time residents.

ROZ Media Links:

Republic County native Kendra ‘Brown’ Short was interviewed with RCED Co-Director Luke Mahin by Justine Greve for Harvest Public Media / Kansas Public Radio for this article – http://harvestpublicmedia.org/article/kansas-seeks-turning-point-rural-communities

ABCNews.com/ Yahoo News/ Good MorningAmerica -Student Loans: Cities Offering to Pay Debt to Gain Young Residents

Forbes – Municipal Student Loan Reduction Incentives: A Way to Ease the Student Debt Burden?

Bloomberg: Student Debtors Find Much Forgiven in Move to Small Towns

Bloomberg TV: Kansas’s George Discusses Plan to Attract Workers

Christian Science Monitor: Income tax help with a twist: Move to rural Kansas. No state income tax.

The Atlantic: Kansas: Where Student Loans Go to Die

NPR:  Rural Communities Offer To Help Pay Student Loans To Lure Recent Grads

International Business Times: Will This Student Loan Repayment Program Save A Large Slice Of Rural America?