Companies look to bring more than 300 jobs to Topeka
TOPEKA (KSNT) - Local businesses are working to expand in Shawnee County, possibly bringing hundreds of jobs.
At Wednesday's Topeka and Shawnee County Joint Economic Development Organization (JEDO) meeting, members approved two incentive funding proposals with the goal of expanding and bringing more jobs to the capital city, one is called "Project Finish Line" and the other is "Project Brick".
According to the JEDO meeting agenda, Project Finish Line is a local manufacturing company working with GO Topeka to assist in an expansion in their corporation to Topeka. The project comes with a capital investment of $57 million, $37 million in real property and $20 million in machinery and equipment.
Project Finish Line is expected to bring 300 new jobs in five years, with an annual wage of $51,000. JEDO unanimously agreed to a total requested incentive of $2,136,000.
Project Brick is a Topeka-based aviation company looking to expand and hire for 13 new positions, with the help of JEDO. The salaries will range from $60,000 to $110,000, according to the meeting agenda. Over 10 years, the total economic impact of this expansion is $18.9 million. JEDO unanimously approved the $112,000 total request incentive.
After these incentive approvals, GO Topeka will draft agreements to contract with each company. The next JEDO meeting is Wednesday, Dec. 11, 2024.
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