The following initiatives and programs are administered and/or being led by the Office of Economic Development on behalf of the City of Kansas City.

MDFB Tax Credit Projects 

The Missouri Development Finance Board is an agency of the State of Missouri offering a tax credit equal to 50% on the value of any eligible contribution to the Board by a taxpayer for contributions towards the financing of certain economic development activities and public sector infrastructure improvements.  Local governments serve as the applicant for this program, and projects seeking credits within the city limits of the City of Kansas City, Missouri must apply through the City Manager’s Office.  The Office of Economic Development serves as the project manager and administrator of this program on behalf of the City.  Previous projects that have received tax credits through the City include the Youth Baseball Academy, the Downtown YMCA, and the Kansas City Museum.  For those interested in applying for tax credits through the program, reference the MDFB preapplication.

Chapter 353 Projects (Prior to 2014)

The Chapter 353 Program was created to assist in the removal of blight and blighting conditions by providing local property tax abatement to development projects located within a 353 Area.

Prior to May 1, 2014 the City of Kansas City, Missouri administered this tax abatement program.  Pursuant to Ordinance 140306 a new Kansas City Chapter 353 Advisory Board was created, which is now staffed and administered by the Economic Development Corporation of Kansas City, Missouri.  Plans/Projects that were created prior to that date are still administered by the City, and the Office of Economic Development handles inquiries related to these legacy plans and projects.