Topeka, Kansas, introduces more flexible incentives for individuals who work in person for a local company, providing $15,000 towards home purchase or childcare-related expenses.
“This revamped initiative will enable us to address 2023 talent needs and provide an incentive that is more flexible and responsive to the needs of both employers and incoming talent,” said Trina Goss, director of business and talent initiatives for GO Topeka.
TOPEKA, Kan. (PRWEB)
June 06, 2023
GO Topeka announced an expansion of its Choose Topeka Relocation Incentive, offering up to $15,000 to new residents, recent graduates of Washburn University, Veterans, and “boomerang” residents seeking to return to the metro. The incentive is available for home purchases or childcare-related expenses if the recipient works in person for a local company. The initiative is crucial in supporting area employers, boosting the region’s booming economy, and addressing a low unemployment rate.
The incentives are obtainable by those working for a participating Shawnee County employer with a minimum salary requirement of $50,000 per year. The revamped Choose Topeka program is responsive to the needs of both employers and incoming talent.
The new initiative follows the success of the 2020-2022 Choose Topeka Relocation Incentive, which enabled 99 individuals to move to Topeka, with 75% working for Topeka-based companies. The average salary of those moving was $89,000 per year, which is 19% higher than the national average. In the initiative’s first year alone, those who moved generated a $3.9 million economic impact in the region.
Topeka is emerging as a top U.S. housing market due to its affordability and growing demand. According to Realtor.com and the Wall Street Journal, Topeka ranks sixth on the list of emerging markets. The community’s median age is 38.4, with 25-44 age groups increasing by 7.8% and the non-white population by almost 7% in 2021.
Topeka’s downtown district is currently undergoing redevelopment projects worth over $500 million, with various lifestyle options catering to different budgets and interests. The city is home to Hill’s Pet Nutrition, Advisors Excel, Security Benefit, Capitol Federal, and Evergy. Topeka’s attributes provide a fulfilling lifestyle and a dynamic employer base, which contributes to growth in its economy and a thriving business climate.
Interested parties can learn more about the Choose Topeka initiative and apply for incentives by visiting https://choosetopeka.com/apply/.
Greater Topeka represents a community of 178,915 people in the Greater Kansas City region. GO Topeka, the leading economic development agency in the region, creates opportunities for economic growth that contribute to a thriving business climate and fulfilling lifestyle in Topeka and Shawnee County.
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