Kansas City is known as one of the most rapidly growing business cities in America. It’s home to many successful companies, entrepreneurs, and business leaders who have worked tirelessly to establish themselves in their niches. But what are the business stories happening in Kansas City that you need to know about? In this article, we will take a look at the top 5 Kansas City business stories that you must know about.
1. Cerner’s Massive New Campus: Cerner, the healthcare IT company, has been a staple in Kansas City for years. Recently, the company announced its new $4.5 billion campus in Kansas City. This new campus will bring 16,000 new jobs to the area and will be the largest economic development project in Missouri’s history.
2. Russell Stover’s Sale to Lindt & Sprüngli: Russell Stover, the iconic Kansas City-based chocolatier, made headlines in 2014 when it was sold to the Swiss chocolate company, Lindt & Sprüngli. The deal was for over $1 billion and was one of the largest chocolate deals in history. This sale marked the end of an era for Russell Stover’s founders, but the company continues to produce some of the best chocolates in the world.
3. Honeywell’s Expansion to Kansas City: Honeywell, the global technology and manufacturing company, announced plans to expand its operations in Kansas City with a $300 million investment in the area. This expansion will create around 500 jobs in the city and will help to further establish Kansas City as a leader in engineering and technology.
4. Google Fiber’s Expansion in Kansas City: In 2011, Google Fiber kicked off its first deployment of a fiber optic network in Kansas City. The network offers internet speeds that are 10 times faster than the average U.S. household at the time of its launch. Since then, Google Fiber has expanded to several other areas across the country, but its success in Kansas City has made it a leader in the internet service provider market and has helped to transform the city’s tech landscape.
5. Sprint’s Merger with T-Mobile: In 2018, Sprint and T-Mobile announced their intention to merge into a single company, with Sprint’s headquarters in Overland Park, Kansas. The merger was completed in 2020, creating a new company with over 140 million customers and 400,000 employees. This merger has brought new opportunities and challenges to the area, and its impact on Kansas City’s telecom industry will be felt for years to come.
In conclusion, Kansas City’s business landscape has seen many significant events in the recent past. From massive expansions to iconic sales, the city has made a name for itself in many different industries. These top 5 Kansas City business stories are just a snapshot of the city’s growing economic potential, and we can expect to see even more exciting developments in the near future.
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