Spring Venture Group is moving to Crown Center from Leawood
09/18/2013 9:14 PM
09/18/2013 9:14 PM
Spring Venture Group is moving its headquarters from Leawood to Kansas City, bringing 105 jobs, with the expectation that number will grow to 500 employees in the next three years.
The company is leaving its office at 8700 State Line Road and moving to 2301 McGee St. in Crown Center. The arrival of Spring Venture will bring occupancy at that eight-story office building to 50 percent.
“Given the central location, Crown Center offered us the ability to recruit from all areas of the metro,” Jeffery Anderson, chief operating officer of Spring Venture, said in an email.
“It is important for us to be a part of the revitalization of the downtown area, and we are thrilled to bring over 100 jobs to Kansas City while continuing to add career opportunities in the future.”
The Spring Venture Group move adds a new twist to the metropolitan area’s economic border war.
The firm received Kansas tax incentives two years ago to encourage its growth at the Leawood office. Kansas development officials were not able Wednesday to determine what, if any, penalties will be assessed against the company.
Spring Venture also will be receiving an undisclosed incentive package to move to Missouri.
“The city and state have been great to work with,” Anderson said, declining to reveal specifics.
Missouri economic development officials also were unable Wednesday to discuss incentives.
For Crown Center, the arrival of Spring Venture to 2301 McGee helps fill the void created when the National Association of Insurance Commissioners moved to the Town Pavilion office tower in downtown Kansas City two years ago. The association had occupied 120,000 square feet.
Bill Lucas, president of Crown Center Redevelopment, said Spring Venture will occupy the entire fourth floor of the building, about 28,000 square feet. The lease is for five years.
Lucas welcomed the Spring Venture Group lease.
“It’s a nice piece of business for us,” he said Wednesday. “We are looking forward to them coming to Crown Center.”
Spring Venture Group specializes in the sale of health and life insurance and started with four people in 2007. Anderson said the company’s rapid growth was related to its target market, aging baby boomers.
“The senior health and life insurance exchange we’ve built is in a position to offer the large baby boomer population a way to simplify their decision-making process while helping them enroll in the best plans that fit their needs,” he said, “with our licensed agents providing the guidance needed at the most important time.”