Subsidy Tracker Individual Entry

Company: 
Cerner Corp.
Parent Company: 
Cerner
Subsidy Source: 
multiple
Location: 
Missouri
City: 
Kansas City
County: 
Jackson
Address: 
Interstate 435 and Bannister Road
Project Description: 

office development for a health care technology company

Year: 
2013
Major Industry of Parent: 
healthcare services
Specific Industry of Parent: 
healthcare services
Subsidy Value: 
$1,635,152,242
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
15,000
Capital Investment: 
$4,300,000,000
Source of Data: 

The value and the breakdown of the TIF reimbursement came from Ordinance # 130737 Fact Sheet, available at http://cityclerk.kcmo.org/liveweb/Documents/Document.aspx?q=qTDr%2fHOLQj.... The ordinance was approved by Kansas City Council on October 11, 2013. See also Lynn Horsley and Kevin Collison, "Kansas City Council approves $4.3 billion Cerner campus plan," The Kansas City Star, October 11, 2013; available at: http://www.kansascity.com/2013/10/10/4544821/kansas-city-council-approve... and Rob Roberts, "TIF Commission advances $4.3B Cerner campus," Kansas City Business Journal, September 11, 2013; available at: http://www.bizjournals.com/kansascity/news/2013/09/11/tif-commission-adv...

Notes: 

On October 11, 2013 the Kansas City Council approved tax increment financing district for a 4.5 million square foot mixed-use office campus that will be built by Cerner Corp. in 14 phases by 2024. The company will be reimbursed $1.6 billion for the construction costs and the reimbursement will come from various types of TIF: $740,097,851 from standard TIF, $288,632,659 from Super TIF and $606,421,732 from State Supplemental TIF. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
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