A word for warning and big picture on how life really works for employees caught in the midst of the border war . . .
"While this may be an opportunity for your company, it may affect not only your commuting time, but also your wallet. If you aren’t familiar with local economic development policies, let me bring you up to speed . . .
"In order to benefit from having more and bigger employers, cities often offer them incentives to relocate within their boundaries. They may include simple property tax abatements or more complicated programs like tax-increment financing (TIF). Cities may offer assistance in issuing bonds to pay for construction or forgo the sales taxes your company would otherwise pay on construction equipment. Heck, if you’re building a hotel, we might just give you a fat check!
Kansas City believes that these short-term costs are worth it over the long term. The economic research literature on the matter says otherwise, but certainly the company and its development partners see a great boon."
Dear Waddell & Reed employees,I read with interest a story in The Kansas City Business Journal that your company may be considering a move (back) to the City of Fountains. This is exciting, and the people of Kansas City would welcome you with open arms. According to the Journal,
You decide . . .