Fulfilling Our Mission
Most of our work can be divided into two types of
projects: Port KC-owned and partnership projects.
We primarily concentrate on Port-KC owned
projects. These are typically located in areas that
are targeted for regrowth and have never been on
Kansas City tax rolls. Often, there are significant
environmental or infrastructure issues that are too
severe for the private sector to take on. We use our
revenue to create sustainable reinvestment that
does not require city funds. Our core projects – the
Port of Kansas City, 49 Crossing, and Berkley
Riverfront – all fall under this category
Investing in Our City
We are a public agency that generates our own revenue. While we exist by
state statute, and were created by the city, we don’t receive tax allocations
from either. Our revenue predominately comes from long-term land leases,
and we also apply for grants and federal funding supported by our own
matching dollars.
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All projects that we take on must adhere to our mission, and our project
revenue goes back into the community through strategic reinvestment
Improving our Community
We thoroughly vet our partners and select projects that add community and social equity benefit in areas of need.
Workforce
Training
Jobs Opportunities
Affordable
Housing
Transit
Connections
Enviornmental
Remediation
Infrastructure
Investment
Projects
Learn about what
projects we take on.
Process
Learn about our development process
Finance
Learn about our development finance process.
So, what does Missouri
enable us to do?
We can use the development tools established to encourage local economic growth. Our tools fulfill two primary purposes.
One, they generate interest in our city, regarding everything from transporting goods through our city to attracting new jobs.
Two, they enable port authorities to generate revenue since we do not receive tax allocations at the city, state or federal level.
For a given period of time, our projects may utilize one tool, multiple tools, or no tools at all. Initiating use of any of our tools must
go through the public process required by state statute
Port Improvement District
We can use the development tools
A Port Improvement District (PID) is authorized to levy a
sales and use tax of up to 1% and/or a real property tax
within its boundaries. This means only users, tenants
and/or property owners within the PID pay the tax(es).
The collected taxes are used within the PID boundaries to
fund or reimburse eligible improvements. All PIDs are
created through a public process and require Commission
and circuit court approval.
The implementation of any sales and use and/or real
property tax requires a separate approval from either the
registered voters or property owners within the PID
boundarie
AIM Zone
AIM Zones provide port authorities with a revenue stream to fund
infrastructure and attract projects that fulfill its core mission. Through
the program, we will receive 50% of state withholdings taxes derived
from net-new jobs that meet a certain salary threshold. AIM Zone
revenues are primarily used to fund our investments in public
infrastructure. A portion of those funds may also be used to pay or
reimburse eligible costs incurred by a developer in creating the new
jobs.
All AIM Zones are created through a public process and are subject to
Commission and Missouri Department of Economic Development
approval.
Conduit Bonds
We periodically issue its revenue bonds for the purposes of financing
improvements to property owned by us and leased to a third party.
These bonds allow us to provide certain property and sales tax
exemptions on projects that have demonstrated need and will generate
economic growth. All potential bond issuances undergo
Transportation Facilities Tax Incentive
This incentive creates income tax deductions for entities transporting
cargo through water port and airport facilities. The port and airport
must be located in Kansas City, MO, to qualify and must ship a
minimum of 75 net tons of cargo. They must also increase cargo
shipped through a port 5% over the previous year or ship at least 25,000
TEUs through a new port.