Wichita city council members have approved some changes and updates to the city’s policy to promote and encourage economic growth and development. The policy covers incentives, tax abatements, financing districts and other programs offered by the city. Council member Bryan Frye said the policy will make incentives more available to small businesses, and he feels the city will see its greatest growth with small businesses. Frye said the policy will also allow the city to leverage state and federal incentives to encourage more investment in Wichita. He said another feature of the policy will encourage more development of office space. Council member James Clendenin said he sees a potential for the policy to encourage more investment in areas of the city that have been declining, and he said developers should begin looking at opportunities in these areas.
Source: Country 101.3 KFDI
