A significant development in the financial technology sector is set to unfold in Kansas, as Fiserv Inc., a leading fintech firm, announces plans to establish a major office in Overland Park. This move is expected to create approximately 2,000 jobs, with an average salary of $102,000, marking a pivotal moment for the local economy.
Key Takeaways
- Fiserv Inc. will create 2,000 jobs in Overland Park, Kansas.
- The average salary for these positions is projected to be $102,000.
- The new office will occupy over 400,000 square feet at the former Sprint campus.
- The project is expected to be completed in two phases, with the first phase opening in 2026.
- Fiserv’s investment in the region is estimated at $175 million.
Fiserv’s Strategic Move
Fiserv, headquartered in Milwaukee, has reached an agreement to occupy a substantial space at the Aspiria Campus, which was previously the headquarters for Sprint. This new location will serve as a fintech hub, allowing the company to enhance its services for existing clients while also innovating new technologies.
Frank Bisignano, Chairman and CEO of Fiserv, emphasized the strategic importance of this move, stating, "The greater Kansas City Metro area offers a dynamic environment with a growing population of tech talent, making it the ideal location for Fiserv’s next strategic fintech hub."
Economic Impact on Kansas
The Kansas Governor, Laura Kelly, heralded this development as a significant step forward for the state, highlighting the high-value career opportunities it will create. The project is expected to provide numerous job openings, particularly for military personnel transitioning to civilian life and graduates from local higher education institutions.
"Fiserv’s new strategic hub in Overland Park is a significant step forward as we continue to elevate Kansas to new heights," Kelly stated.
Project Timeline and Investment
The Fiserv project will unfold in two phases:
- Phase One: Expected to open in 2026.
- Phase Two: Details to be announced as the project progresses.
The company plans to invest approximately $175 million to renovate the two buildings on the Aspiria Campus, further solidifying its commitment to the region.
Competitive Edge
Kansas City emerged as the chosen location for this project over other competitive cities such as Nashville, Dallas, and Atlanta. Tim Cowden, President and CEO of the Kansas City Area Development Council, noted the region’s robust tech sector and deep talent pool in financial services as key factors in securing this investment.
Future Prospects
Once completed, this project will represent the largest office recruitment in Kansas history. The establishment of Fiserv’s hub is expected to have a lasting economic impact, not only by providing high-wage jobs but also by fostering a new regional partner for payment processing, benefiting small businesses across the state.
As Fiserv continues to expand its operations, it joins a growing list of companies recognizing the potential of Kansas as a thriving business environment. With its commitment to innovation and community engagement, Fiserv is poised to play a significant role in shaping the future of financial technology in the region.
Sources
- Financial technology firm to bring 2,000 jobs to Kansas as part of move to Overland Park; average wage
expected to be $102K | News, Sports, Jobs, Lawrence Journal-World.
