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Commissioners approve reduction to KU Innovation Park support and ask for clearer spin-off metrics
Summary
After years of questions about measurable economic returns, commissioners voted to reduce county support for KU Innovation Park by $60,000 and asked KUIP and partners to produce a plan showing businesses that have ‘graduated’ to the tax rolls or a pilot payment-in-lieu-of-taxes plan.
Douglas County commissioners on Tuesday approved a cut to KU Innovation Park funding and called for more measurable evidence that the park’s startups are translating into local, taxable businesses.
Commissioners described a multi-year conversation in which they have repeatedly asked KU Innovation Park (KUIP) for clearer data on how many startups graduate from the park into local taxable businesses and for a plan to recoup county investment if firms remain…
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