The Pratt Area Economic Development Corporations is an aggressive organization that works in conjunction with the city, county and the Pratt Area Chamber of Commerce to enhance the business climate for new and existing businesses. A Neighborhood Revitalization Rebate is available on new construction and low interest loan programs are available for small businesses.
Two industrial sites, Prairie Parkway Business Park and Pratt Airport Industrial Park, have available space with enhanced technology infrastructure. The sites are ideal for light manufacturing, service businesses or corporate offices.
Pratt is a regional trade center for a 50 mile radius with a trade pull factor of 1.3.
The unemployment rate for the City of Pratt is low, however labor surveys show that Pratt draws a workforce from a 30-50 mile radius.
Among the most recent developments in Pratt are four new hotels. Other new businesses in Pratt include Hibbetts Sporting Goods and a new location for Maurices, along with several new industrial buildings, two new car washes, and an Art Museum. Arby's fast food restaurant is under construction and will open soon. Casey's General Store has plans to build in the near future. The Ethanol Plant is now producing Ethanol and operating a commodities storage facility.
Pratt has recently developed Sandy Creek Development which is ready for construction of new homes. Plus many new and exciting things are also in the early stages of negotiation. Pratt is excited to have so many good things happening.
Business & Industry Sites
- Pratt Airport Industrial Park is a full-service, 200-acre platted park with buildings and sites available in an enterprise zone. The park is managed by the Pratt Airport Authority.
- Prairie Parkway Business Park is adjacent to the Pratt Community College on Highway 61. Its sites are ideal for light manufacturing, service businesses, or corporate offices. The park includes enhanced technology infrastructure.
Employment for Pratt County
|Civilian labor force........
- Even though the unemployment rate is low, labor surveys show that Pratt draws a workforce from a 30- to 50-mile radius if the salary is appropriate.
- New housing, as well as finer, older homes, are available in Pratt. We have seven real estate companies to work with. A professional moving company is located in Pratt to help with relocation needs. Neighborhood revitalization is in place, offering tax rebate incentives on both residential and commercial construction.
Pratt Area Economic Development Corporation (PAEDC)
- The Pratt Area Economic Development Corporation is an aggressive organization that works in conjunction with the city, county, and the Pratt Area Chamber to enhance the business climate for existing and start-up businesses.
- PAEDC is located in the City Building office at 619 S. Main, Pratt, KS 67124.
For more information, contact:
toll-free (888) 886-1165,
fax (620) 672-5502,
PAEDC Board Members:
Darrell Stroda, President
Jack Galle, Treasurer
- Neighborhood Revitalization allows for a rebate on increased property taxes for new construction, both residential and commercial.
- The Micro Loan Program is a low-interest loan program for businesses with five and fewer employees. Rate of interest is 2 points above prime at the time of the loan. There are some low-to-moderate income guidelines.
- Other business assistance is available upon request, accompanied by a full business plan and statement of needs. The requests are reviewed by the board with consideration given to the number of jobs created, the return to the community in the way of property tax and/or sales tax, and capital investment. The Economic Development corporation can help with state assistance programs as well. Pratt Area Economic Development Corporation is part of an Enterprise Facilitation Grant in four counties to enhance entrepreneurial possibilities.
- PIER is a program designed to reward anyone who has a potential prospect in mind that may be interested in locating in Pratt County. To qualify for the reward one needs to give whatever information is available to the Economic Development board. The business must locate in Pratt County within six months after contact, and employ five people within the year following location. Final decisions remain with the Board of Directors.
- Pratt is a regional trade center for a 50-miles radius with a trade pull factor of 1.6. Pratt County's trade pull factor is 1.35.
- Agriculture and the railroad have helped form the community into the regional trade center it is today.
- A regional medical center, community college, outstanding educational system, a resurgence in the oil and gas industry, a manufacturing base, diverse shopping, and expanding technology infrastructure provide opportunities and strength to our community.