There may be a cease-fire, but the economic “border war” involving the use of incentives to lure jobs across the state line in the Kansas City area isn’t exactly over.
Missouri officials plan to award more than $62 million in incentives to financial firm Waddell & Reed, based in Overland Park, Kansas, the Kansas City Star reported Monday. Holly Koofer-Thompson of the Missouri Department of Economic Development said the incentives come from the Missouri Works program, which offers payroll tax withholdings or tax credits in exchange for growing or retaining jobs.
The company said it will invest about $90 million in its new Missouri headquarters and employ more than 1,000 workers at an average salary of $157,138. The specific location has not been announced.
Read more: LJWorld.com.