The Catalyst Program is a targeted incentive package for new industrial development in either of the two Lawrence community business parks: Lawrence VenturePark or East Hills Business Park. Spec development or full build-out projects meeting eligibility criteria are automatically qualified for the basic assistance package and provided quick, streamlined approval.
The Catalyst Basic Package includes:
- 50%, 10-year Real Property Tax Abatement or 70%, 10-year Real Property Tax Abatement for projects constructed to LEED Silver equivalent or higher. (LEED certification not required.)
- Sales tax exemption on project construction materials
- Business Park land provided at no cost
- State provided 100% tax abatement on business machinery and equipment