Lee’s Summit Investment Tops $1 Billion

EDC StaffUncategorized

Lee’s Summit Investment Tops $1 Billion 1B Photos

Two-year total includes public and private spending

Lee’s Summit, MO—April 26, 2016—Lee’s Summit hit a high mark for economic growth in 2014-2015, with more than $1 billion invested in the form of new and expanded buildings, public infrastructure and residential construction and permits.

“I’ve been in economic development for 25 years, and I’ve never seen as much activity and opportunity in a single community,” said Rick McDowell, president of the Lee’s Summit Economic Development Council. “The two-year total includes public and private spending—and a large amount clearly is Cerner’s $500 million investment in the Summit Technology Campus.”

The LSEDC currently has 10 active prospects, which includes a 100,000-square-foot flexible office facility and a large warehouse and distribution operation. McDowell said the high quality of Lee’s Summit schools, restaurants and housing– along with a focused community branding and advertising campaign– is helping draw national attention to the community.
Speaking at the April Lee’s Summit Chamber of Commerce luncheon, City Manager Steve Arbo called the total investment “incredible” and in the “stratosphere.”
In 2012, Lee’s Summit took on two strategic initiatives including a citywide rebranding campaign and an overhaul of development services. Arbo said based on the level of economic growth, those initiatives appear to be paying off.

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About Lee’s Summit Economic Development Council | The LSEDC is a public-private sector partnership devoted to improving the economic well-being of residents and businesses in Lee’s Summit through its mission: To attract and retain business investment and jobs by partnering with allies to create and market a high-quality-of-life, pro-business community.

For More Information:

Tina Bell Chace, LSEDC | 816-525-6617 tchace@leessummit.org
Krista Klaus | 913-284-5752 I kristamartinklaus@gmail.com