Kansas City $3M To DST Give Away

KC Biz Journal subsidy report today: Council committee advances $3M in incentives for DST data center

Comments

  1. WELFARE TO THE WEALTHY

    DST Systems Inc. (DST) posted first-quarter 2014 non-GAAP earnings of $1.12 per share beating the Zacks Consensus Estimate of $1.08. On a year-over-year basis, earnings per share improved 13.1% aided by higher revenues and higher client additions.
    DST reported net income (non-GAAP) of $47.5 million or $1.12 per share compared with $45.00 million or 99 cents reported in the year-ago quarter.
    The company exited the quarter with $140.0 million in cash and equivalents.
    DST reported better-than-expected first quarter results with both the top and bottom lines surpassing the Zacks Consensus Estimate. Moreover, the quarter’s results increased on a year-over-year basis. Higher number of client additions, better customer relationships and growth at ALPS and DST Brokerage Solutions drove revenues.

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  2. But how is the streetcar to blame? Dan Coffey and patsy Touhey must not have copy edited this post

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  3. NO JOBS CREATED!!!!
    Private companies and developers extort benefits (not available to regular citizens) from lame-brained, KCMO Council.

    article link:

    "The value of the personal property tax abatement is estimated at $2.3 million, and the value of the sales tax exemption is valued at $677,000.

    “That’s a pretty modest investment of incentives for a pretty major payback,” said Councilman John Sharp, a member of the committee.

    Councilman Ed Ford, who chairs the committee, noted that the project meshed with new AdvanceKC economic development guidelines, which value job retention on par with job growth. Although the data center improvements will not add new jobs.."

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