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Commerce tells lawmakers 2025 was a record year; members press for ROI details on Panasonic and tax incentives
Summary
Deputy Secretary Joshua Jefferson told the committee Commerce closed 275 projects in 2025, creating or retaining more than 12,000 jobs and attracting roughly $9.5 billion in private capital. Lawmakers pressed for data on incentive caps, HPIP credits and where Panasonic relocation payments and payroll rebates flowed.
Deputy Secretary Joshua Jefferson told the Joint Commerce Committee that 2025 was "a record year for Kansas," with 275 projects closed, more than 12,000 jobs created or retained and about $9.5 billion in committed private capital.
Jefferson called out major investments including a global fintech hub by Fiserv in Overland Park and Merck Animal Health in DeSoto, and summarized the department—s incentive suite: PEAK (allowing retaining up to 95% of withholding taxes for recruited employees), HPIP (a 10% credit tied to capital investment…
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