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Fiserv Announces New Fintech Hub in Overland Park

Concept design of Fiserv's new fintech hub office interior

News Summary

Fiserv, a leading financial services provider, is set to establish a new fintech hub in Overland Park’s Aspiria campus, bringing 2,000 jobs and an expected economic impact of $6.5 billion over the next decade. This ambitious Project Turtle includes a $125 million investment in renovations and aims to leverage the area’s skilled workforce.

Exciting News for Overland Park: Fiserv to Set Up a New Fintech Hub!

Overland Park is buzzing with excitement as Fiserv, a prominent financial services company based in Milwaukee, has officially announced plans for a significant expansion in the city. This dynamic company is planting its roots right in the heart of Overland Park’s Aspiria campus, marking a transformative moment for both Fiserv and the local community. This new initiative is dubbed Project Turtle, and it promises to bring substantial opportunities to the area.

A Thriving Workforce Awaits

Fiserv is gearing up to create a whopping 2,000 jobs by March 2030! That’s no small feat! The company has a solid plan in place, which includes an investment of $125 million to renovate an impressive 427,000 square feet of office space. With such a large-scale investment, Fiserv is not only breathing new life into the campus but also creating a vibrant workplace for thousands of future employees. To sweeten the deal, the company pledges to offer an average annual salary of $125,000 to its workforce, making it an attractive opportunity for many.

Competitive Choices and Economic Boost

It’s worth noting that Fiserv had other cities, including Nashville, in the running to host their new regional headquarters. However, the Kansas City area was chosen for its exhilarating environment and burgeoning tech talent pool. The project is expected to make a significant splash, with an estimated $6.5 billion economic impact over the next ten years. That means more jobs, more businesses, and a vibrant community for all residents!

Support for the Community

Kansas Governor Laura Kelly is particularly thrilled about this development, highlighting how it will create a multitude of high-value career options. This is especially beneficial for military personnel transitioning to civilian life and recent graduates looking to jumpstart their careers. Fiserv’s move is not simply about numbers; it’s about fostering an environment where talent can thrive, and lives can be improved.

Local Incentives to Welcome Fiserv

To sweeten the pot a bit more, local officials have put together a tax rebate for Fiserv on property taxes paid for the leased space. This rebate will not apply to taxes owed to the Blue Valley School District and Johnson County Community College. However, it’s important to note that these tax incentives come with conditions: Fiserv must meet specific employment targets and participate actively in regional economic development initiatives. It’s a win-win scenario that holds everyone accountable!

Looking to the Future

Fiserv is set to officially open its doors at the Kansas office in 2025. This new hub is expected to leverage the region’s affordability, not to mention its convenient access to clients throughout the Midwest. With such a diverse and skilled population in the area, Fiserv has made a wise decision to bring their operations here.

A Promising Return on Investment

The Kansas Department of Commerce has estimated that for every dollar the state invests in incentives, a stunning $21.22 will be added to the Kansas gross domestic product. This kind of return on investment is exactly what the state needs to spur growth and development. Furthermore, Fiserv has demonstrated that they are committed to contributing significantly to local payroll investments, ensuring that the benefits of this project are felt broadly.

Transformer of Spaces

The site chosen for this new hub at the Aspiria campus was previously the headquarters of Sprint, making it one of the largest corporate campuses in the United States. Local economic development leaders worked tirelessly to create a robust incentives proposal that successfully secured Fiserv’s move to Kansas. Their hard work is paving the way for a brighter future in Overland Park!

As we look ahead to 2025, one thing is clear: Overland Park is on the path to becoming a vibrant hub for fintech innovation, all thanks to Fiserv’s exciting new venture!