OVERLAND PARK, Kan. A Fortune 500 financial technology company plans to establish a large strategic hub in Overland Park, Kansas. The company, Fiserv, works with clients on digital banking and e-commerce services.
Company executives and state officials confirmed Fiserv will move into the Aspiria campus. The location at 6500 and 6550 Sprint Parkway offers 427,000 square feet across two buildings.
State incentives played a significant role in attracting the company. Kansas offered nearly $155 million over 10 years. These incentives include tax credits for above-average wages, a payroll tax refund for job creation, relocation funds, a job creation award, and property and sales tax abatements.
Overland Park also approved a property tax rebate program. The program offers a rebate on city, county, and Blue Valley Recreation Commission property taxes, estimated at $1.3 million over 10 years. This rebate is contingent on Fiserv investing $125 million in renovations and maintaining 2,000 full-time employees.
The company committed $175 million to the project overall. The new hub is expected to create 2,000 jobs over the next five years. These jobs will pay an average salary of $102,000 annually.
Frank Bisignano, Fiserv chairman and CEO, highlighted the benefits of the Overland Park location. He mentioned the area's growing tech talent pool. The central U.S. location and proximity to Midwest clients also factored into the decision.
Gov. Laura Kelly praised the company's arrival. She stated it helps modernize and diversify the state's economy. The new facility creates high-value career options, including for military personnel transitioning to civilian life and state college graduates.
The Aspiria campus was formerly the Sprint World Headquarters. It was recently rumored as a potential site for a new Kansas City Royals stadium, but management quickly dismissed the idea.
Overland Park competed with several other major U.S. cities for the Fiserv hub. These cities included Nashville, Phoenix, Dallas, Fort Worth, Atlanta, and South Florida.
Tim Cowden, president and CEO of the Kansas City Area Development Council, called the investment monumental. He noted the region's ability to attract and support large businesses.
