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For more information, contact:

Senior Vice President
Business Development
KCADC
816.374.5650

 

Financial Services

The Kansas City Region:

Sustainable Workforce. Sound Infrastructure. Secure Environment.

The Kansas City region is home to one of the greatest concentrations of financial services employment—21% higher than the U.S. average.

Workforce

The financial services industry occupies a significant portion of the metro Kansas City economy with the sector accounting for approximately 9% of the total workforce—21% higher than the U.S. average. The Kansas City region's one million plus person workforce is among the most educated in the U.S. with the percentage of the Kansas City area population possessing a college degree 18% higher than the national average. The KC information technology workforce is over 34,000 strong with labor costs double digit percent lower than coastal financial services markets. The supply of young talent is strong as over 1,070 I.T. graduates enter the workforce from metro area universities and community colleges annually.

Telecommunication and Electric Infrastructure

The region's telecommunications and electric infrastructure is world class. Home to Sprint's operational headquarters and major AT&T regional facilities, the Kansas City area is a point of convergence for transcontinental fiber and related communication networks. The area's affordable electric supply is generated through an abundance of traditional energy sources harmonized with environmentally sustainable resources such as wind power.

Operating Environment

A host of blue chip financial services companies operate critical lead and support financial services functions from the Kansas City region. These companies are advantaged by the metro's geo-central location that provides affordable and frequent non-stop commercial air access to all major U.S. financial centers within three hours flight-time. A sampling of financial services companies with a major or growing KC presence include:

• American Century Investments, Inc.—Headquarters including shared services; 1,400 employees
• Bank of America—Regional headquarters, operations center; 1,100 employees
• BATS, Trading, Inc.—Headquarters; Better Alternative Trading System; 150 employees
• Capital One Financial Corporation—Headquarters; home loan division; 365 employees
• Citigroup—Bank card processing and collections; 2,200 employees
• Commerce Bancshares—Headquarters including support and shared services; 2,500 employees
• DST Systems, Inc.—Headquarters; provides information processing/computer software services to the financial services industry; 4,500 employees
• Federal Reserve Bank—Regional Headquarters; 1,600 employees
• H&R Block, Inc.—Headquarters including support and shared services; 1,260 employees
• Internal Revenue Service—More than 6,000 employees during peak season
• State Street Financial—Shared services support for a range of financial institutions and related functions; 1,100 employees
• U.S. Bank—Regional banking services headquarters and operations center; 650 employees
• UMB Financial Corporation—Headquarters and shared services support; 2,100 employees
• Waddell & Reed—Headquarters and shared services of mutual fund company; 1,500 employees