Company Announces Move to KC, Bringing New Jobs With Them
KANSAS CITY, Mo. — Lenexa-based Freightquote.com is packing up its business and shipping itself a few miles across the state line to Kansas City, Missouri – and they’re bringing up to 1,225 new jobs with them.
The company announced on Friday that they will be breaking ground on a new 200,000 square-foot headquarters building near State Line road and I-435 at the end of the month, with the goal of moving into the facility next May.
“First and foremost my congratulations and thanks to Freightquote and all of their employees for choosing to make Kansas City their new corporate home,” said Kansas City Missouri Mayor Sly James in a statement. “Tim Barton and I met about this project in the spring and our teams have worked diligently to make it a reality. Sometimes economic development can be impersonal, but this announcement represents jobs for real people in our community and for me it is very personal. I cannot tell you how proud Kansas City is to have Freightquote as our newest partner.”
To help facilitate the move, the state of Missouri says that they will be chipping in some incentives, including $7 million in Missouri Build funds and $26.2 million in Quality Jobs tax credits. According to the company, Freightquote.com plans to create 1,225 new Missouri jobs within the next three years, and an additional 125 new Missouri jobs in the fourth year, bringing the company’s total employment in the Show-Me State to 1,350.
Freightquote.com CFO Matt Druten says that the incentives helped the company to make up its mind to move.
“It’s was a factor,” said Druten. “I think first and foremost, finding the right facility, the right location, were driving factors. We evaluated the incentives of Kansas and Missouri and when you are wiling to cross state lines, the incentives can be more agressive.”
According to the state, the company can only receive the incentives after it meets strict job creation and investment criteria.
“Missouri continues to demonstrate that our low and predictable taxes, trained workforce, and long-term economic development strategy make it the right place to launch, locate or expand a business,” said Missouri Gov. Jay Nixon in a statement. “We’ll continue to keep our fiscal house in order and make the strategic investments that will attract new jobs and keep our economy moving forward.”
According to the company, Freightquote.com was founded in 1998 by Tim Barton and is the largest online U.S. freight shipping provider. The company allows customers to get instant quotes and compare freight rates for hundreds of U.S. freight carriers.
The company says that they currently employ around 1,200 workers across the nation, and last year had revenues exceeding $500 million.