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Renew plans $44 Million Investment In Missouri Headquarters, Creating More Than 1,225 Jobs

08/03/2012, the largest online U.S. freight shipping provider, will invest $44 million to relocate into a new 200,000 square foot headquarters and office complex in Kansas City, Missouri, with plans to create 1,225 jobs within the next three years, and an additional 125 jobs in the fourth year.

"From Day One, we've worked to make Missouri a state where businesses can create jobs and thrive, and this is another strong sign that we are moving in the right direction," Gov. Jay Nixon said. "By balancing our budget every year, holding the line on taxes, and investing in education and training, we've established a positive and predictable environment where new jobs and career opportunities truly can flourish.

As an incentive to moving to a 30-acre site at Interstate 435 and State Line Road, the state of Missouri approved an economic incentive package, including $7 million in Missouri BUILD and $26.2 million in Quality Jobs tax credits, which the company can redeem only after it meets the strict job creation and investment criteria of the program.

"Missouri continues to demonstrate that our low and predictable taxes, trained workforce, and long-term economic development strategy make it the right place to launch, locate or expand a business," Gov. Nixon said. "We'll continue to keep our fiscal house in order and make the strategic investments that will attract new jobs and keep our economy moving forward."

"We appreciate the efforts put forth by the State of Missouri and the City of Kansas City, Missouri, in creating an incentive package for our company to make a significant investment in the state and city," Freightquote CEO Tim Barton said. "We also want to recognize the outstanding efforts of state and city staff in moving this project forward with record speed, and in being so responsive to our company's unique needs. We look forward to growing our business in Kansas City, Missouri and to making a positive impact on the local economy".

"First and foremost my congratulations and thanks to Freightquote and all of their employees for choosing to make Kansas City their new corporate home," Mayor Sly James said. "Tim Barton and I met about this project in the spring and our teams have worked diligently to make it a reality. Sometimes economic development can be impersonal, but this announcement represents jobs for real people in our community and for me it is very personal. I cannot tell you how proud Kansas City is to have Freightquote as our newest partner."


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