Subsidy Tracker Individual Entry

Company: 
Burns & McDonnell
Parent Company: 
Burns & McDonnell
Subsidy Source: 
multiple
Location: 
Missouri
City: 
Kansas City
Project Description: 

design company headquarters expansion

Year: 
2014
Major Industry of Parent: 
construction and engineering
Specific Industry of Parent: 
construction & engineering
Subsidy Value: 
$95,200,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
2,100
Wage Data: 
$126,000
Wage Data Type: 
average annual salary
Capital Investment: 
$139,000,000
Source of Data: 

The value of the local subsidies and the investment and jobs figures were taken from Rob Roberts, "Incentives for Burns & McDonnell expansion advance," Kansas City Business Journal, May 14, 2014; available online at http://www.bizjournals.com/kansascity/news/2014/05/14/incentives-for-bur.... The value of the state subsidies was taken from Mark Davis, "Burns & McDonnell kicks off the expansion of its headquarters," The Kansas City Star, June 26, 2014; available at: http://www.kansascity.com/news/business/development/article616384.html. See also June 26, 2014 press release from the office of Gov. Jay Nixon, online at https://governor.mo.gov/news/archive/gov-nixon-helps-break-ground-kansas...

Notes: 

The subsidy package for Burns & McDonnell's headquarters expansion includes local and state incentives. Kansas City provided $41.9 million over 23 years from Tax Increment Financing (including utility tax revenue and half of the earnings tax revenue in the district); $41.8 million over 25 years from Chapter 100 bond financing, equal to a property tax abatement; and $3 million in sales tax exemptions on building materials. The company also was approved for about $8.5 million from the state's Missouri Works program. The job figure represents new jobs; the investment figure is the project's estimated construction cost. Overlap with main Subsidy Tracker data : none

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.