Kansas

Kelly, Parson Sign Border War Agreement

Businesses expecting special tax incentives to make a move from South Kansas City to Overland Park, or from Lee's Summit to Lenexa, are out of luck. Kansas Gov. Laura Kelly and Missouri Gov. Mike Parson just signed an agreement between… more

Topeka Chosen For Animal Health/Ag Tech Accelerator Program

Plug and Play, a Silicon Valley-based firm that provides venture capital funds to startups, and had a role in the growth of Dropbox, PayPal and other ventures, named Topeka a startup accelerator city in the areas of animal health and… more

Border War Not Quite Over: Hostess Moving Headquarters to Kansas

Politicians on both sides of the state line have said that they plan not to offer tax incentives to businesses moving their operations between Kansas and Missouri, but Hostess Brands has skirted those newly agreed-to rules, and management just announced… more

C2FO Completes $200M Funding Round

C2FO, a Leawood-based financial-technology firm, has secured a $200-million round of funding led by Toyko-based SoftBank, which owns a significant portion of Sprint, as well as major stakes in WeWork and Uber. C2FO, through a system of algorithms, pairs companies… more

Engineering Firm Faith Technologies Setting Up Olathe Operations

Faith Technologies, a Wisconsin-based electrical engineering and design firm, recently purchased a 450,000-square-foot warehouse in Olathe and eventually plans to add about 780 jobs toward its operations. The warehouse, at 21800 West 167th St., was purchased by Faith from a… more

White Flags Flying in Border War

[caption id="attachment_22474" align="alignleft" width="443"] Mayor Lucas[/caption] The use of tax incentives to lure companies across the state line in the Kansas City metro area is a practice that seems to be on the cusp of ending. New Kansas City Mayor… more

Insurance/Benefits Broker Truss Sold to Hub International

Chicago-based Hub International Limited announced this morning that it had acquired Truss, one of the Kansas City region's largest private insurance brokerages.  Terms of the transaction were not disclosed. [caption id="attachment_22482" align="alignleft" width="140"] Paul Cohen[/caption] Truss, formerly known as Cretcher… more

Sprint Loss Shrinks in First Quarter

Overland Park-based Sprint reported a first-quarter loss in the midst of its merger with T-Mobile, but its results were better than the prior financial period. The wireless carrier's first-quarter net loss came in at $111 million, down from what was… more

Waddell & Reed Laying Off 150 In Midst of HQ Relocation Plans

Overland Park-based Waddell & Reed is laying off about 150 people in its transactional-processing operations and will outsource those positions, the investment-management company's officials said during its second-quarter earnings call.  The layoffs and move toward outsourcing are expected to be… more

Metro’s Largest Private Company Just Got Bigger

Dairy Farmers of America, the largest private company in the Kansas City metropolitan area, has added another organization to its portfolio. A majority of the 360-farm board of St. Albans Cooperative Creamery, in Vermont, voted to merge with DFA.  The… more