TOPEKA (KSNT) — Governor Laura Kelly has formally signed into law a bill that lawmakers expect to create thousands of jobs in the state with a $4 billion business investment.
Senate Bill 347, otherwise known as the Attracting Powerful Economic Expansion Act, or APEX, has now been signed by Kelly. The bill is intended to help Kansas compete nationally and globally for major economic development projects.
“This positions Kansas to potentially land a once-in-a-generation opportunity that could transform our economy. This tool is about more than one project. This makes us an economic powerhouse ready to compete nationally and globally. This means thousands of new jobs, billions more dollars injected into the economy, and more opportunities for Kansas families.
Governor Laura Kelly
The company the bill focuses on has remained secret so far and it’s unclear when it will be revealed. Despite the mystery, the bill’s passage enjoyed bipartisan support, something Kelly said she was grateful to Senate Speaker Ty Masterson and House Speaker Ron Ryckman.
“APEX’s passage shows that there is strong bipartisan support for putting Kansas on the national economic development stage. The APEX bill gives us a realistic chance to win major economic development projects that will bring huge business investment and job creation to our state. We are excited about our chances with the current prospect which would be transformative for our state and bring lasting benefits to Kansas. »
Lieutenant Governor and Secretary of Commerce David Toland
APEX has faced hurdles in recent weeks, with some senators expressing concerns about the bill. Senator Caryn Tyson, R-Parker, expressed concern about the bill earlier this year on Jan. 25, saying that if left unamended, it could leave the state in a position where it has to pay back income money. tax.
“Income tax is refundable, which means the business could repay more than it paid,” Tyson said. “That means the state of Kansas would write them a check. So we have to look closely at this legislation. It’s not something you should be trying to pass quickly.
Senator Caryn Tyson
The secret firm is currently considering Kansas and one other state as the new base for its expansion. If Kansas gets the deal, then it will be the biggest private sector investment in the state’s history.