Biggest Business Growth In 12 Years
Associated Press - February 18, 2015 6:38 am
Kansas Secretary of State Kris Kobach says more new businesses were formed in Kansas in 2014 than at any point since 2003.
Kobach said at a news conference Tuesday that 15,780 new businesses were formed — 311 more than in 2013. Kobach says this indicates that a 2012 move to exempt 191,000 business owners from income taxes had succeeded in attracting investment. However, he did not say how many of the new businesses were of the specific designation that received the 2012 tax cuts.
Critics of the current administration have said that some business owners are closing existing businesses and re-registering them with new designations for tax reasons and therefore the numbers do not indicate growth.
In 2014, 2,676 businesses dissolved in Kansas. That’s 373 more than in 2013.