Re: Companies moving/expanding to KC area
Posted: Mon Jul 18, 2022 9:00 pm
Average pay for the 900 jobs is $95k
agreed, I wish our downtown contained more large corporate "HQ" type businesses. Bummer that most of the large corporate employers are all out in the burbs. But happy to see the growth and hopefully it will continue to be the catalyst for more businesses in the MetroCratedigger wrote: ↑Mon Jul 18, 2022 12:18 pm https://www.bizjournals.com/kansascity/ ... -jobs.html
Garmin to add 900 jobs in Olathe.
Wish they would do more downtown, but neat to see them continuing to expand
1500 jobs at 95k salary?
That's very good for the KC area. I spent some time looking up average salaries at local companies and none were even close to the reported amount for Garmin's addition. Cerner is reported to be $73,000.AlkaliAxel wrote: ↑Wed Jul 20, 2022 4:24 pm1500 jobs at 95k salary?
Even normalthings has to be impressed by that
I think we discussed this before in the past, but the future of growing the city is going to be about the attractiveness of the city. Employment isn’t going to matter anymore unless it’s an in-person job like Panasonic. I think all focus needs to be on building up residential and making the city attractive. That’s all that’s gonna matter.
100%normalthings wrote: ↑Wed Jan 11, 2023 7:58 pm We should be harvesting every HQ or back office in Topeka, Wichita, Omaha. Des Moines, Columbia
True. But we also do not want to leave our hinterland empty. I'd still rather see a company move from Denver or Dallas than within our own area of influence.normalthings wrote: ↑Wed Jan 11, 2023 7:58 pm We should be harvesting every HQ or back office in Topeka, Wichita, Omaha. Des Moines, Columbia
I mean that is kind of what the Twin Cities are, basically one huge economic area and a pretty vast/empty hinterland. We should be a Twin Cities of the area.Highlander wrote: ↑Wed Jan 11, 2023 8:27 pmTrue. But we also do not want to leave our hinterland empty. I'd still rather see a company move from Denver or Dallas than within our own area of influence.normalthings wrote: ↑Wed Jan 11, 2023 7:58 pm We should be harvesting every HQ or back office in Topeka, Wichita, Omaha. Des Moines, Columbia
The incentive agreement, obtained by The Capital-Journal through a Kansas Open Records Act request, details the terms struck by Hill's and the commerce department.
The agreement is dated Oct. 1, 2022, and runs through Sept. 30, 2027. A Hill's executive signed it Jan. 10, with Toland following suit two days later.
Hill's must retain all 375 existing headquarters jobs that will be relocated to Johnson County while also creating 50 net new jobs at the headquarters.
The $3 million in incentive funds will be distributed through multiple $500,000 payments from the commerce department to Hill's. The first payment was to be made within 30 days of the agreement being signed.
Another payment comes after Hill's makes $13 million in capital investments at a new warehouse and distribution facility in Kansas. The agreement doesn't identify the location of the warehouse, but the company's statement indicated it will be in Kansas City, Kan.
The company promises to invest at least $33.5 million in its new headquarters. And in order to receive the incentives, the company must also make $4.25 million in capital investment and create 60 net new jobs at the Topeka nutrition center. The facility had 244 jobs as of Oct. 1.
I was under the impression that the Minneapolis HQ of Canadian Pacific would relocate to KC. Is that still the plan?dukuboy1 wrote: ↑Wed Mar 15, 2023 1:57 pm glad the merger is finished. Article mentioned the potential loss of 112 white collar jobs at KC Southern, despite the US HQ staying here in KC. Curious to what those are, as I'm sure some through normal attrition of retirement, some "golden parachutes" for duplicate/overlapping C suite types, VP's that KCS had that are no longer needed. Will be curious to see what stays & goes and then of course what they hire in once the dust settles. Could be nice for the new company to rely on the expertise of KCS employees in the US/Mexico markets to help ensure growth at a standard pace instead of perhaps scaling back and then moving forward. Will be interesting and I hope it is a benefit not a NET loss for KC and one of it's elder statesmen of the business world.