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Wichita, KANSASOPPORTUNITY ZONE PROSPECTUS
Wichita, KANSAS1
1 BILLIONINVESTED IN THE URBAN CORE 1NO. 1IN MANUFACTURING JOBSTOP 10CITY FOR NEW COLLEGE GRADUATES 3IN THE UNITED STATES 2KNOWN AS THEAIR CAPITALOF THE WORLDNO. 3ADVANCED INDUSTRY HOTSPOTTOP 5CITY FOR LOW STARTUP COSTS 5IN THE UNITED STATES 42
Table of Contents3Executive Summary4Key Advantages5Opportunity Zone Focus6Social & Economic Overview7City Employment Profile8Largest Private Employers9Largest Private Employers Location10Opportunity Zone Overview11Wichita Opportunity Zones12Zone 1: Downtown Wichita13Zone 2: South Wichita21Zone 3: Southeast Wichita25Zone 4: Northeast Wichita27Zone 5: North Wichita31Information Sources33
Executive SummaryWichita is a community under remarkable transformation. With anaviation heritage spanning 100 years, it is a city built on entrepreneurshipand innovation. Wichita is the largest city in Kansas and it is full ofpossibilities and positioned for growth.On so many levels, we have proven our versatility as the location ofchoice for advanced manufacturing, aerospace, energy, business,professional services and IT. As the Air Capital of the World, we haveone of the highest concentrations of engineers in the U.S., a vastdiversified network of nearly 900 world-class manufacturing firms inthe 10 county region, and an unrivaled commitment to workforcetraining and research.Wichita also possesses what many larger metros lack – housingaffordability, short and easy commuting and a high degree of publicsafety, not to mention a thriving arts community, low cost of livingand cultural experiences around every corner. These are just the moreobvious building blocks on which companies like Textron Aviation, Cargill,Koch Industries, NetApp and Spirit AeroSystems built their success.With a central national location, commercial utility and rental rates that arecompetitive with or below national averages and direct access to a world-classtalent pipeline, the greater Wichita region positions businesses to thrive. It isa prime time to seize development and business opportunities in our regionof approximately 800,000 people. With a consistently low tax climate in thehard-working heart of the nation, Wichita is in a transformational moment andthe future is full of possibilities to bring your vision to reality.4
Key AdvantagesAIR CAPITAL OF THE WORLDBoasting a workforce instilled with a pure, raw talent for building complex objects, aircraft and aircraft components have been built withWichita expertise and craftsmanship for over 100 years. Home to the world’s great aviation brands – Textron Aviation with Beechcraft andCessna, Spirit AeroSystems, Bombardier and Airbus – working with more than 450 world-class suppliers. During 2018, Wichita companiesdelivered 35% of all general aviation airplanes built in the United States, and accounted for 25% of global general aviation airplane deliveries14.PRIME GLOBAL LOCATIONLocated in the heart of the I-35 corridor and at the confluence of major railroad systems, the greater Wichita region is perfectlypositioned to grow global ideas and businesses. The newly built 200M Dwight D. Eisenhower National Airport – ranked the#4 best small hub airport in the U.S. – is home to seven airlines featuring 13 nonstop destinations and over 250 domestic and100 international one-stop cities.WORLD-CLASS INDUSTRY AND TALENTWichita is home to Koch Industries and Cargill Protein Group, two of the world’s largest privately held companies. In addition, Wichitaranks #1 in the United States in manufacturing jobs per capita as well as #3 per capita in number of engineers. Paired withone-of-a-kind global research facilities like the National Institute for Aviation Research (NIAR) and Wichita State University’sInnovation Campus, there is direct access to an ascending pipeline of talent.UNPREDICTABLY AMAZINGHome to the 7th largest zoo in the nation, over 100 miles of bike paths and a burgeoning riverfront with a Triple A baseball stadiumunder construction – this Top 10 City for New College Graduates is full of diverse experiences. In Wichita, discover Instagram-worthysunsets, a cultural arts scene that rivals many major metro areas with nationally known artists and culinary experts, short commutetimes and a low cost of living – just to name a few of the region’s best kept secrets.THRIVING URBAN COREPhoto by Mike Beauchamp5Downtown Wichita is a thriving hub of social, professional and cultural experiences. With over 1 billion of investment in the lastdecade, Downtown Wichita offers the space, resources and support to turn the possibilities of today into the thriving landmarks oftomorrow. Since 2010, significant investment has spurred over 1,200 residential units and added over 250 hotel rooms, a 70M newheadquarters for Cargill Protein Group, countless commercial projects and civic investments such as the 200M INTRUST Bank Arenaand 33M Advanced Learning Library and the soon to be constructed Minor League Ballpark.
Opportunity Zone Focus69OPPORTUNITY ZONE TRACTS112WICHITA TRACTS 168.0%OF ALL TRACTSW 13th St NWichita Dwight D. EisenhowerNational Airport22,940OPPORTUNITY ZONE POPULATION448,064OPPORTUNITY ZONEWICHITA CITY LIMITMAJOR HIGHWAYWICHITA POPULATION5.1%OF THE POPULATION6
Social & Economic Overview76BlackHispanicForeignBornPoverty 15MedianHouseholdIncome% Bachelor’sDegree orHigher% SomeCollege% No HSDiploma%Under 18%Over 65Opportunity Zones20.4%24.3%13.4%30.2% 31,42118.8%32.7%17.9%25.4%9.7%City of Wichita11.2%16.7%10.3%16.9% 48,98231.2%31.7%12.4%25.8%13.1%Wichita Metro Area7.6%12.6%7.3%13.9% 12.8% 4.6% 57,65230.9%29.1%12.7%22.9%14.9%
City Employment Profile2010 7Count2010 7Share2017 6Count2017 6ShareChange inPercentCivilian Employed Population 16 Years of Age and Over180,787100%185,428100%Agriculture, Forestry, Fishing and Hunting, and -3.0%Wholesale 1.4%Transportation and Warehousing, and 9%3,4761.9%-0.1%Finance and Insurance, and Real Estate and Rental and Leasing10,2535.7%9,1714.9%-0.7%Professional, Scientific, Management, Administrativeand Waste Management Services15,5818.6%16,9599.1%0.5%Educational Services, and Health Care and Social Assistance37,54020.8%43,07423.2%2.5%Arts, Entertainment, and Recreation, and Accommodationand Food Services16,8039.3%18,4089.9%0.6%Other Services, Except Public Administration7,4404.1%8,9644.8%0.7%Public Administration7,1964.0%5,3402.9%-1.1%Retail Trade8
Largest Private Employers98EmployerIndustryApprox. EmployeesSpirit AeroSystemsAircraft Assemblies ManufacturerTextron AviationAircraft Manufacturer9,000Ascension Via ChristiHealth Care5,156Koch IndustriesGlobal Headquarters3,250Johnson ControlsAir Conditioner Manufacturer1,600Bombardier LearjetAircraft Manufacturer1,435Cox CommunicationsBroadband Communications1,135Cargill Protein GroupDivisional Headquarters890T-MobileCellular Phone Services767Protection OneElectronic Security Systems71012,500
Largest Private Employers81. Spirit AeroSystems2. Textron Aviation453. Ascension Via Christi934. Koch Industries33W 13th St N83107625. Johnson Controls6. Bombardier Learjet327. Cox Communications2Wichita Dwight D. EisenhowerNational Airport18. Cargill Protein Group9. T-Mobile10. Protection OneOPPORTUNITY ZONEWICHITA CITY LIMITMAJOR HIGHWAY10
Opportunity Zone OverviewTEMPORARYDEFERRALA temporary deferral of inclusion in taxableincome for capital gains reinvested into anOpportunity Fund. The deferred gain must berecognized on the earlier of the date on whichthe opportunity zone investment is disposed ofor December 31, 2026.STEP-UPIN BASISA step-up in basis for capital gains reinvested inan Opportunity Fund. The basis is increased by10% if the investment in the Opportunity Fundis held by the taxpayer for at least 5 years andby an additional 5% if held for at least 7 years,thereby excluding up to 15% of the original gainfrom taxation.PERMANENTEXCLUSIONA permanent exclusion from taxable incomeof capital gains from the sale or exchange ofan investment in an Opportunity Fund if theinvestment is held for at least 10 years.This exclusion only applies to gains accruedafter an investment in an Opportunity Fund.For more detailed information regarding the program, p/.11
21st StOliverHillsideBroadwayWichita Opportunity Zones21st St21st StWacoWichita StateUniversity17th St17th StWichita StateMixed-UseHydraulicDouglas AveKellogg AveSouth CentralNeighborhoodHarryEdgemoor3LincolnHarryClapp GolfCourseHIGH DEVELOPMENT POTENTIALMAJOR HIGHWAYOliverLincolnHillsideBroadwayOPPORTUNITY ZONEWashingtonKellogg AveRock RdnLeaMcDouglas Ave2Rock Rd1st StCommerce StreetArts DistrictLincolnWoodlawn2nd StWoodlawn1Central AveCentral AveCentral tre/McAdamsDistrict13th St413th StWashingtonBroadwayWaco5Grove13th StMount VernonMount Vernon12
Wac17th StZone 1:WashingtonBroadwayWaco13th StDOWNTOWN WICHITAMurdock St.Hydraulic1DowntownWichitaDouglas AvenLeaMcSeneca St.Central AveInterested in exploring opportunities?Lewis St.Kellogg AveMAJOR HIGHWAYWashingtonHIGH DEVELOPMENT POTENTIALBroadwayLincolnOPPORTUNITY ZONELincolnHarry13Downtown Wichita has undergone a tremendous renaissance inrecent years that has paved the way for additional investmentopportunities. Significant development has occurred alongDouglas Avenue, the main east-west corridor, and the ArkansasRiverfront. Projects ranging in size and scope are widespreadacross the core area with over 650M in private sectorinvestment since 2008. The downtown residential populationcontinues to grow and enhance vitality with cultural amenities,restaurants and social offerings making downtown a destination forthe region. First-ring neighborhoods surrounding downtown suchas the Delano Neighborhood and the Douglas Design District arequickly becoming extensions of the core.Andrew NaveExecutive Vice President of Economic DevelopmentThe Greater Wichita 6) 500.6650
1,228 655 MILLION513,984 SF 163M2,7499:1RESIDENTIAL UNITSCOMPLETED SINCE 2010 910 YEAR TOTALPRIVATE INVESTMENT 1TOTAL SQUARE FEETOF RETAIL SPACE 102018 RETAIL SALES 11ESTIMATED RESIDENTIALPOPULATION 12PRIVATE TO PUBLIC2018 INVESTMENT 1350 85.2 MILLION 9.3 MILLIONRESIDENTIAL UNITSIN DEVELOPMENT 92018 PRIVATE INVESTMENT 12018 PUBLIC INVESTMENT 14.1 MILLION89% 1.1 BILLIONTOTAL SQUARE FEET OFOFFICE SPACE 10OCCUPIED CLASS AOFFICE SPACE 10TOURISM ECONOMIC IMPACTIN GREATER WICHITA AREA 13Photo by Derek Hildebrandt14
d.BlvglauDonLeaMc.veAsArkansas RiverBALLPARK/RIVERFRONTProposedRiverfront VillageDevelopmentConstruction is currently underway on a new 75MTriple-A Minor League Ballpark adjacent to theArkansas River, which will include a capacity of10,000. In addition to the new ballpark, plans for anew ballpark village and riverfront improvements willaccompany the new facility and are anticipated to be amajor destination for the region. Serving as a catalyst,the new ballpark will continue the development andgrowth along the riverfront and surrounding areas.Planned mixed-use commercial development includingrestaurant, retail and office will anchor this proposednew destination. The new ballpark and neighboringareas are contained in the Area 1 Opportunity Zone.Sycamore St.River Vista ApartmentsFutureBallparkBallparkDevelopmentMaple St.New Downtown Ballpark - Rendering15
DELANO NEIGHBORHOODFirst St.AdvancedLearning LibraryRiver VistaDevelopmentneacLM.vdBlDelano EPCCatalyst Site A & BDouglas Ave.The Delano Neighborhood is one of many establishedneighborhoods in Wichita and is located immediatelywest of downtown, tucked against the west bank ofthe Arkansas River. Over the past decade, there hasbeen considerable revitalization of this area, includinginvestments in retail and infrastructure along DouglasAvenue, the main east-west corridor. Projects likethe River Vista apartments, the Advanced LearningLibrary and future plans for a mixed-use development,including a hotel and apartments and the new ballparkand riverfront improvements have turned Delano intoone of the most exciting districts in the city. Portionsof the Delano Neighborhood, including the commercialcore area are contained in the Area 1 Opportunity Zone.Open Streets ICT event in DelanoPrivateDevelopmentSeneca St.Maple St.Sycamore St.Ballpark DevelopmentThe Delano Clock Tower16
WATERWALKThe WaterWalk development encompasses nearly23 acres south of the Convention and PerformingArts facility. The property has tremendous exposurebeing situated along US 54 highway with access tothe riverfront. Forty-six luxurious condominiumswith structured parking and ground floor officeand retail space currently anchor this development.With additional structured parking inventory, thisproperty has prime pad sites that are positioned fordevelopment. The entire WaterWalk area is containedin the Area 1 Opportunity Zone.Century IIHyattRegencyHotelArkansas RiverWaterWalkFood Trucks at the Fountain eventMain St.Waterman St.Kellogg Ave.WaterWalk Place17WaterWalk Fountains
CENTURY II PERFORMING ARTS AND CONVENTION FACILITYDowntown Wichita houses the Century II PerformingArts and Convention Center. Both facilities arenearing their useful life and timely conversations bycommunity leadership regarding the future of thesefacilities are currently underway. With this site thereare multiple investment opportunities that couldcater to the storied performing arts programs andconvention attendees. This 37-acre site is just northof US 54 highway/Kellogg Avenue and adjacency tothe Arkansas River make it a desirable investmentopportunity. The entire Century II property is locatedin the Area 1 Opportunity Zone.First St.Arkansas RiverCentury IIMain St.Douglas Ave.Wichita Symphony OrchestraHyattRegencyHotelWaterman St.Century II Performing Arts and Convention CenterPhoto by Adler Grey18
Douglas enovationWashington St.Mosley St.Rock Island St.Mead St.RR TracksUNION STATION/CARGILL MEGABLOCKTwo transformative projects have recently beenunderway just south of the established Old Town District.Union Station, Wichita’s historic train depot, is currentlyundergoing the 2nd phase of renovation that investsnearly 52M into the properties. The improvementsadd a mix of uses including office, retail and restaurants.Immediately adjacent is the new 70M Cargill ProteinGroup’s world headquarters. The new facility providesan open floor plan with collaborative spaces and stateof the art technology for employees. The 25 acresurrounding area is prime for future growth, withmultiple sites positioned for continued development.The entire Union Station/Cargill megablock area iscontained in the Area 1 Opportunity Zone.Union StationWaterman St.SITE OUTLINECargill Protein Group Headquarters19
Second St.Washington St.Mosley St.Rock Island St.Mead St.RR TracksOLD TOWN ENTERTAINMENT DISTRICTOld Town is a former light-industrial and warehousedistrict that has been transformed over 25 years into Wichita’s premiere, historic entertainmentdistrict. Its brick-lined streets, loft residences,public plazas and thriving dining and entertainmentestablishments make it an epicenter of activity andhome to over 130 businesses. Recognized in 2008 asone of the American Planning Association’s 10 GreatNeighborhoods, it has been recognized repeatedlyfor the City’s bold vision, urban planning excellenceand collaborative and innovative public-privatepartnerships. The entire Old Town EntertainmentDistrict is contained in the Area 1 Opportunity Zone.Old Town SquareFirst St.Farm & ArtMarket PlazaDouglas Ave.Nortons Brewing CompanyOld Town Farmer’s Market20
WashBroadwWacoHydraulicCentral AveDowntownWichitanLeaMcDouglas AveCommerce StreetArts District2BroadwayLincolnSouth CentralNeighborhoodWashingtonKellogg AveLincolnHIGH DEVELOPMENT POTENTIALMAJOR HIGHWAY21SOUTH WICHITASouth Wichita is home to some of Wichita’s largest manufacturingbusinesses, employing thousands of workers in the area, includingmany aviation anchors and suppliers. Several of the OpportunityZone census tracts are just outside of the downtown district andare prime for redevelopment. Parts of areas like the CommerceStreet Arts district and Arena neighborhood are highly visiblefrom US 54-400/Kellogg highway that boasts over 104,000vehicles each day, with easy access to and from Wichita’s maineast-west arterial.Interested in exploring opportunities?HarryMount VernonOPPORTUNITY ZONEZone 2:Andrew NaveExecutive Vice President of Economic DevelopmentThe Greater Wichita 6) 500.6650
SOUTH CENTRAL NEIGHBORHOODThe South Central Neighborhood is one of Wichita’soldest neighborhoods and is located immediately southof downtown. Situated on the east bank of the ArkansasRiver, South Central is a predominantly residentialneighborhood consisting of single-family houses.The main thoroughfare through the neighborhoodis Broadway Avenue, old Highway 54. Thanks to itspast history as a highway, Broadway is home to manycommercial businesses such as motels, restaurants andservice stations. Over the past year, work has been doneto create a revitalization plan for the neighborhood.Portions of the South Central Neighborhood, includingthe commercial core area are contained in the Area 2Opportunity Zone.Lincoln St.Kansas Firefighter’s MuseumEmporia St.Topeka St.Broadway Ave.Market St.Main St.RR TracksHarry St.Broadway Avenue Streetview22
INTRUSTBank ArenaWaterman St.Lewis St.RR TracksCommerce St.Emporia St.Topeka St.William St.St. Francis St.COMMERCE STREET ARTS DISTRICT/ARENA NEIGHBORHOODThe Commerce Street Arts District is a formerwarehouse district in Downtown Wichita. The area ishome to many artist studios and gallery spaces as wellas a mix of office, residential and retail uses. The historicarchitecture and brick streets tucked against therailroad tracks to the east, give this area a distinctive,gritty feel. Artists have paved the way for the area’ssuccess which was also fueled by the construction ofthe 200M INTRUST Bank Arena facility just to thenorth of the area. The 50 acres around the Arena arecomprised of existing properties prime for additionalinvestment and development. The entire CommerceStreet Arts District and Arena Neighborhood area iscontained in the Area 1 Opportunity Zone.Final Friday Art CrawlCommerce StreetArts DistrictKellogg Ave.INTRUST Bank Arena23
Commerce Street during 2018 NCAA Basketball Tournament24
Central AveHydraulicCentral Ave2nd St1st StZone 3:Douglas AveDouglas AveHarry3Clapp GolfCourseMount Vernonnt VernonEdgemoorHillsideLincolnOliverSOUTHEAST WICHITASoutheast Wichita boasts Wichita’s largest employers withSpirit AeroSystems and McConnell Air Force Base. Thousands ofworkers commute to this quadrant of the city for employmenteach day. Included in the Opportunity Zone area is the Clapp GolfCourse, which is a former public golf course that is planned forredevelopment. Working with local government, numerousmixed-use development scenarios are being considered forthis site. Also adjacent to the former Clapp Golf Course is theAscension Via Christi St. Joseph Campus and the Via ChristiVillage. Health care and emerging care also represent a dominantindustry in the Wichita economy. Easy access from I-135 allowsfor connectivity to the region and is a major reason why thisOpportunity Zone area is desirable for development.Development opportunities include multi-family residential,commercial, office, and health care development.Interested in exploring opportunities?OPPORTUNITY ZONEHIGH DEVELOPMENT POTENTIALMAJOR HIGHWAY25Andrew NaveExecutive Vice President of Economic DevelopmentThe Greater Wichita 6) 500.6650
Oliver St.CLAPP GOLF COURSEHarry St.The City of Wichita is currently conducting publicengagement, looking for ideas and redevelopmentopportunities for Clapp Golf Course. Clapp GolfCourse is an 18-hole public amenity located in theurban core at the southwest corner of Harry andOliver. The 95 acre greenfield site will no longerhouse a golf course. Potential redevelopment ideasinclude a mix of public and commercial developmentopportunities and green space. Clapp Golf Course iscontained in the Area 3 Opportunity Zone.Clapp Golf CourseClapp GolfCourseMt. Vernon St.Clapp Golf Course26
OliverHillsideZone 4:NORTHEAST WICHITA21st StWichita StateUniversity17th StWichita StateMixed-UseHydraulicouglas Ave27OliverHillsideGroveCentral Avetral Ave2nd StOPPORTUNITY ZONEHIGH DEVELOPMENT POTENTIALMAJOR HIGHWAY1st StDouglas AveEdgemoor413th StThe Opportunity Zone areas in northeast Wichita are hometo Wichita State University (WSU). WSU is a public researchuniversity with more than 60 undergraduate degree programsand more than 200 areas of study in six colleges. The studentpopulation of nearly 16,000 students make this a desirablelocation for development. WSU recently converted an existinggolf course into a 120-acre Innovation Campus. The InnovationCampus boasts partnership buildings where companies andorganizations can establish operations and reap the rewards ofaccess to the University’s vast resources, including laboratories,community makerspace and talented students for a futureworkforce. The Innovation Campus and surrounding areas includemultiple development opportunities that benefit the universityand build upon its momentum. Development opportunitiesinclude multi-family residential, student housing near WSU,commercial office and mixed-use development that provides anatmosphere to eat, sleep, play, shop and share.Interested in exploring opportunities?Andrew NaveExecutive Vice President of Economic DevelopmentThe Greater Wichita 6) 500.6650
WICHITA STATE INNOVATION CAMPUSSituated on 120 acres, Wichita State University’sInnovation Campus is an interconnected communityof partnership buildings where companies establishoperations and reap the rewards of the university’svast resources. This coexistence and collaborativeenvironment gives students access to real-worldapplications and the training needed to effortlesslyassimilate into the workforce. A community makerspacegives both students and non-students alike, access tothe technology and services that helps facilitate productdevelopment and mixed-use areas that provides everyonewith a place to eat, live, play, shop and share. Multipleopportunities for development exist on the campus. Thisentire area is contained in the Area 4 Opportunity Zone.Experiential Engineering BuildingAirbus Partnership BuildingWichita State UniversityCampusSITE OUTLINEInnovation CampusSite PlanOliver St.Hillside St.13th St.17th St.Students in Robotics Lab28
Hillside St.WICHITA STATE MIXED-USEWichita StateUniversityCampusThere are proposed plans for mixed-use developmentat the southwest corner of 17th and Hillside. This primelocation is located directly adjacent to the Wichita StateUniversity Campus. WSU serves nearly 16,000 studentsand there is a need for additional housing and servicesfor this area that would benefit the campus and alsothe neighborhood. Tentative plans include a mix of usesincluding commercial, office and residential space - withmultiple opportunities for development. This entire area iscontained in the Area 4 Opportunity Zone.17th & Hillside Proposed Development17th St.ProposedSiteSITE OUTLINE17th & Hillside Proposed Development29
Wichita State University Campus30
HillsideBroadway21st StZone 5:NORTH WICHITAWaco21st St17th St13th roadwayWaco5Grove13th StThe McAdams neighborhood is a predominantly mixedindustrial and residential area located northeast ofdowntown Wichita and is the historical center of the city’sAfrican American community. Also nearby is the North Endneighborhood, which is home to Wichita’s Latino and SoutheastAsian population. Today, this entire area is undergoing atransformation with plans to redevelop the Historic Dunbarand Nomar Theaters respectively, which were both anchors forentertainment and culture for their respective neighborhoods.Countless, successful small businesses and a rich tapestryof arts and culture are also represented in the area. Theneighborhood is already home to many light industrialbusinesses and its adjacent access to both I-135 and I-235 makeit a desirable location for development.Interested in exploring opportunities?HydraulicCentral AveOPPORTUNITY ZONEnLeaMcHIGH DEVELOPMENT POTENTIALMAJOR HIGHWAY31Kellogg AveDouglas AveAndrew NaveExecutive Vice President of Economic DevelopmentThe Greater Wichita 6) 500.6650
DUNBAR/MCADAMS AREAI-135Mosley St.17th St.13th St.The Dunbar/McAdams Business and Arts District isenvisioned to be a neighborhood serving commercial,cultural and residential development. Centered aroundthe Historic Dunbar Theatre there exists a number ofcultural amenities that enhance the value of the districtincluding the Phyllis Wheatley Community Complex,L’Ouverture Computer Technology Magnet ElementarySchool, Dunbar Learning Center and McAdamsRecreation Center and Park. Community partners areemploying a Cultural Production Model approach, whichbalances the creative and entrepreneurial spirit of boththe community’s history and the next generation ofAfrican-American creative industry artists, professionalsand business people.Dunbar TheatreDunbar Theatre/McAdams DistrictSITE OUTLINEDunbar Learning CenterFormer Phyllis Wheatley Children’s Home32
Information SourcesAll Census Data was provided by Wichita State University’s Center for Economic Development and Business Research (CEDBR)1. Private investment includes data from the following sources: Sedgwick County propertysales data - Sedgwick County Appraiser, Sedgwick County and City of Wichita building permitdata - Metro Area Building & Construction (formerly Office of Central Inspection). Privateinvestment totals are for the years 2009 - 2018 only for the Downtown SSMID District.Historic Tax Credits (includes both State and Federal credits) - Kansas State Historical Society.5. In a March 2018 study by SmartAsset which estimated total expenses during the first yearof business for a startup, Wichita ranked as the 4th least expensive city. Wichita’s total firstyear costs were only 2% higher than the least expensive city in the study.Note: All public investment that is reflected in private investment (i.e. items that include thepublic purchase of land and/or building permits for work on publicly owned property) hasbeen deducted from private investment figures to avoid double counting investment.7. Source: U.S. Census Bureau, 2006-2010 American Community SurveyPublic investment includes data from the following sources: City of Wichita CIP (streets &bridges, public buildings & public improvements, parks, stormwater, maintenance), TaxIncrement Financing (TIF) - City of Wichita, Facade Improvement Program - City ofWichita, HOME Program Investment - Wichita Housing and Community Services, CDBGfunds - Wichita Housing and Community Services and Public Building Commission funding.Community Improvement District (CID) - City of Wichita (This is based on the year thetax was collected). Public investment totals are for the years 2009 - 2018 only for theDowntown SSMID District.9. Downtown Wichita (or Wichita Downtown Development Corporation)Public investment for INTRUST Bank Arena - Sedgwick County, INTRUST Bank Arena fundingduring these years constitutes a larger portion of the public investment value. However,Arena funding for 10-year period is for years 2009 - 2018 per Sedgwick County. YearlyINTRUST Bank Arena funding - 2005: 645,806, 2006: 5,779,067, 2007: 18,575,958,2008: 74,376,927, 2009: 81,758,743, 2010: 7,331,622, 2011: 1,624,192, 2012: 285,281,2013: 250,000, 2014: 0, 2015: 0, 2016: 0, 2017: 2,866,656. Note: Yearly data may notmatch the yearly data published in this report or any future reports due to receiving updatedinformation.8. The Greater Wichita Partnership10. Central Business District. J.P. Weigand & Sons Inc. Forecast 201811. Reference USA Government Division. Data compiled by CEDBR, March 2018.12. The 2010 U.S. Census states the population in the 67202 area code is 1,393. PerDowntown Wichita records, 1,228 rental units have opened in the Downtown SSMID districtsince 2010 when the Census was taken. Per data provided directly from the Downtownresidential rental properties, the absorption rates of the market rate units has an average of85%. Per the U.S. Census Bureau, 2013-2017 American Community Survey 5-Year Estimates,the average size of renter-occupied units is 1.30 persons. Therefore, an estimate for thecurrent population is 2,799.13. Visit Wichita Convention & Visitors Bureau14. General Aviation Manufacturers Association (GAMA)2. Brookings Institution - 201215. Below 100% of the poverty level3. Top 10 City for New College Grads Source: SmartAsset – September 201816. Census tract boundaries do not correspond to city limit boundaries. Statistics include alltracts at least partially within the city limits.4. Wichita ranks third on Brookings 2015 advanced industry hotspots list, or R&D andSTEM-worker intensive industries. These industries–which range from automotive andaerospace manufacturing to energy activities to digital services like computer system designand software–play an outsized role in powering regional and national economic success,Brookings 2015.336. Source: U.S. Census Bureau, 2013-2017 Ame
Wichita, KANSAS. OPPORTUNITY ZONE PROSPECTUS. Wichita, KANSAS 1. NO. 1 . ADVANCED INDUSTRY HOTSPOT 4. 1 BILLION INVESTED IN THE URBAN CORE. 1 AIR CAPITAL. OF THE WORLD TOP 10. CITY FOR NEW COLLEGE GRADUATES 3. TOP 5 CITY FOR LOW STARTUP COSTS. 5 KNOWN AS THE. 2. 3 . across the core area with over 650M in private sector investment since .
