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Kansas

A guide to help you understand the ins and outs of business in Kansas

Overview

Kansas is a state in the Midwest and one of the most central states in the US. Kansas’s capital is Topeka and its largest city is Wichita. Kansas is the 15th largest state in land mass and is the 34th most populous state at an estimated 2.91 million people. Kansas’ GDP in 2019 was $176,493,000,000.

The top industries in Kansas are manufacturing ($37.7 billion), professional services, logistics and distribution, food processing and manufacturing, aerospace and defense, animal health, bioscience, agriculture, and energy and natural resources. Mars, Frito-Lay, Tyson, Hostess and National Beef all have major branches in Kansas. Kansas also produces 20% of wheat in the US, and it is in the top ten states for sunflower, flour, hay, corn, soybean and beef production.

In 2019, Kansas imported $2,200,469 from Qatar. Its top imports are: Special classification provisions Optic, photo, medical/surgical instruments Plastics and articles thereof In 2019, Kansas exported $17,423,035 to Qatar with its top exports being: Nuclear reactors, boilers, machinery Aircraft, spacecraft and parts thereof Electric machinery, sound/tv equipment

In Kansas, there is a 4% corporate income tax, and for income of over $50,000 there is a 3% surtax. With 32 different tax credits, 21 tax exemptions, 6 loan programs, 6 grant programs and 4 other programs, Kansas has a total of 68 incentive programs. That is the fifth most incentive programs per state in the country. Kansas also has two free trade zones: one in Kansas City and the other in Wichita.

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