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Missouri company moving 1 mile into Kansas for large tax incentives

12:26 PM, Dec 6, 2012   |    comments
(AP File)
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KANSAS CITY, Mo. (AP) - An insurance marketing company is receiving $5 million in incentives to move one mile from Missouri across the border to Kansas.

Kansas economic officials say 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 says 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 say about 150 employees with an average salary of $55,000 will be consolidated at the new office. The Kansas City Star reports the incentive calls for 290 new full-time jobs within five years.

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Information from: The Kansas City Star, http://www.kcstar.com  

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Associated Press

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