The Olathe City Council is set to vote Tuesday, Aug. 18, on a $239.8 million industrial revenue bond package for Faith Technologies Inc., a deal that would grant the Wisconsin-based manufacturer an 80% property tax abatement for 10 years as it builds 1.5 million square feet of new manufacturing space in south Olathe.

The three proposed buildings would rise southwest of 167th Street and Lone Elm Road, adjacent to Faith Technologies' existing Excellerate manufacturing plant at 22150 W. 167th St. The company already operates more than 800,000 square feet across two Olathe facilities, according to the Kansas City Business Journal.

The expansion could bring up to 1,000 new jobs over the next decade, the Business Journal reported Aug. 5.

Faith Technologies' Excellerate brand builds modular electrical systems and fully assembled power buildings for hyperscale data centers, according to the company's website. Growing demand for artificial intelligence infrastructure and data centers nationwide is driving the expansion, according to Expansion Solutions Magazine.

What the abatement means

Under Kansas law, industrial revenue bonds allow a city to take temporary ownership of a private project, exempting it from property taxes for up to 10 years and from sales tax on construction materials and equipment. In this case, the 80% abatement means Faith Technologies would pay only 20% of the property taxes it would otherwise owe on the new buildings during the abatement period.

The exact dollar value of forgone tax revenue has not been published in accessible city documents. A July 2026 Kansas Legislative Post Audit report found that statewide, IRB property tax exemptions resulted in roughly $1.1 billion in forgone revenue between 2010 and 2024, with most of that money otherwise flowing to school districts and local governments.

Scale of the project

The bond package is the largest single industrial incentive item on the council's current agenda, according to the Olathe Reporter, which first reported the vote Aug. 17. Faith Technologies is also expanding manufacturing capacity in El Paso, Texas, and Pittsboro, Indiana.

Reporting from the Kansas City Star on July 28 described the project as totaling over 1.4 million square feet. The formal bond application before the council lists 1.5 million square feet.

Neither Faith Technologies nor Olathe city officials responded to requests for comment before the vote.

The council meets Tuesday evening at Olathe City Hall.