Posted: Dec 6, 2012 9:06 AM by Associated Press
KANSAS CITY (AP) — An insurance marketing company will be receiving $5 million in incentives to move one mile from Missouri across the border to Kansas.
Kansas economic officials said SelectQuote Senior Insurance Services' move from Kansas City to Leawood, Kan., is good for the state. SelectQuote plans to consolidate its local call center operations.
But a Kansas City civic leader said it's another example of business poaching that is costing Missouri and Kansas millions of dollars in lost tax revenue, which hurts the Kansas City metro area on both sides of the state line.
SelectQuote officials said about 150 employees with an average salary of $55,000 will be consolidated at the new office. A source reported the incentive calls for 290 new full-time jobs within five years.