Benefits of Doing Business in Wichita, KS
Wichita, Kansas was established in the mid 1800s, as a trading post and has since grown into a metropolitan area. With an array of businesses thriving, large and small alike, Wichita is home to a variety of tech industries, architectural and bioscience companies and anything in between.
Wichita, Kansas is no longer just a place for cattle, oil, and cowboys, however those historical roots are still very much admired and treasured. The area offers an array of selections personally and professionally. There is something for every age, personality, and family dynamic, from family entertainment and shopping, to live concerts, tradeshows, and theater. It is an ideal place to relocate (or keep) your business and family.
Business Climate
In 2009, Forbes magazine ranked Wichita, KS #6 of the “Best-Bang-for-the-Buck cities.” With its reasonable cost of living and friendly commute times, it is growing fast. Wichita is home to more than 645,000 people and known as the “Aviation Capital of the World,” because of its advanced technology in the aviation industry. Home to companies like Learjet, Cessna, and Spirit AeroSystems, Wichita produces more than 30% of the aircraft distributed worldwide.
Furthermore, Wichita’s health industry has boosted the economy and provides a number of specialty healthcare services including the Via Christi Regional Medical Center. This facility is known for its treatment of cancer, burn, and stroke victims as well as the state’s bone marrow, kidney, and heart transplant center.
Lifestyle
The downtown area is an ideal place to walk and enjoy the sites. It offers the lovely Botanica Wichita Gardens and the cultural center, which comes alive at night. With more than 1,000 restaurants, it offers every cuisine imaginable, from artisan homemade sandwiches, root beer and candies to franchise and fast-food chain options, there’s something to satisfy every palate.
Cost of Living
The average cost of living in Wichita is 9% less than the national average, with median household income of $46,000 annually.
Real Estate
The average home sells for $229,000 currently. Due to the growth in the highly popular and diverse metropolitan city, high-quality neighborhoods are being developed. From custom-built homes to move-in ready, the real estate options consist of a selection of homes, including single-family home, condo, or townhome living.
Education and Workforce
The educational system in the area is outstanding and the state is known for its commitment to investing in education. It offers various programs that equip students with a diverse curriculum and real-life skills necessary for success. In addition to the Wichita State University’s Center for Entrepreneurship, the businesses and schools have collaborative partnerships, which means the region is rich with talented, skilled, and motivated individuals eager to join the workforce.
Business Taxes and Incentives
Kansas offers a supportive infrastructure to businesses with and recognizes the importance of attracting new industries. They do not charge taxes on earnings or income (corporate or personal), nor do they impose franchise or inventory taxes. Additionally, they have various loan programs, grants and tax credits available for those who qualify.
Overall, there is something for everyone and its development encourages innovation, creativity and success. Wichita is an ideal place to move or grow your business and also your family.