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Valley Center approves 75% rebate on new taxes for Village Coach Works expansion
Summary
The council approved a property tax rebate to incentivize Village Coach Works to add 6,500 square feet, machinery and three new jobs; the rebate is structured as a 10-year program with the first five years guaranteed and annual reviews.
City economic development staff presented a recommendation and Wichita State analysis supporting a property tax rebate for Village Coach Works’ planned 6,500-square-foot expansion in Valley Center.
Staff said the company will add capital investment, about three new employees and onsite machining that the city characterized as higher-wage advanced manufacturing work. Staff told the council the proposal mirrors Sedgwick County and Wichita abatement policy and recommended a 75% rebate of the increased city portion of property taxes for the…
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