Promoting Employment Across Kansas (PEAK) is an economic development incentive program
created by the Kansas Legislature in 2009. PEAK is intended to encourage economic
development in the state by incenting companies to relocate to or expand business
operations in Kansas.
The Secretary of Commerce has discretion to approve applications for qualified companies
and determine the benefit period. During the benefit period, participating PEAK
companies may retain 95 percent of the payroll withholding tax of PEAK-eligible
jobs that pay at or above the county median wage where the operations and jobs will
be located. Depending on the number of PEAK jobs to be created in Kansas and their
wage levels, the Secretary can approve benefit periods for up to 10 years.
PEAK requires qualified companies to commit to creating at least five new jobs in
non-metropolitan counties or 10 new jobs in the metropolitan counties of Shawnee,
Douglas, Wyandotte, Johnson, Leavenworth and Sedgwick. Qualified companies must
also pay wages to the employees hired under PEAK, that when aggregated, meet or
exceed the county median wage or North American Industry Classification System (NAICS)
average wage for their industry. Qualified applicants include for-profit companies
in eligible NAICS codes and not-for-profit headquarters facilities. Companies must
make available to its full-time employees "adequate" health insurance coverage and
pay at least 50 percent of the premium.
Existing Kansas businesses that are expanding and creating new jobs also are eligible
to receive benefits if approved by the Secretary.