Wednesday, June 05, 2019
KCMO STAYS WINNING ECONOMIC BORDER WAR AS WADELL & REED ANNOUNCE SURPRISE HQ MOVE ACROSS STATE LINE!!!
Today we learn of a potential cowtown big money victory as one of the biggest local firms in the metro reveals their plan to switch to the Missouri side and, likely, set up shop in Kansas City proper.
KC Biz Journal: Waddell & Reed announces new HQ search — across the state line
Overland Park-based Waddell & Reed Financial Inc. announced Wednesday that it has completed a review of its real estate needs and is looking at options for a new corporate office.
“After reviewing numerous locations across the Kansas City metro area, the company is now considering a number of potential sites in Missouri,” the release said . . .
Waddell & Reed currently is based in several low-slung buildings near the corner of 63rd Street and Lamar Avenue. A move could allow the company to consolidate its employees in a single location. A move to Missouri also could allow Waddell & Reed to receive sizable development incentives form the state and city agencies.
Sadly, this kind of switcheroo is often criticized by pundits as a failure to create real economic growth and merely benefit big biz.
And so despite promises from metro, Missouri & Kansas officials, the "economic border war" is yet another local conflict that remains unresolved as we head into election season.
Developing . . .