The Joint Economic Development Organization board of Topeka and Shawnee County voted on Sept. 10 to approve economic development incentives aimed at accelerating the project’s long-term success as well as supplementing financial support from the state of Kansas.
The Topeka-based financial services firm is estimated a $673 million economic impact in Topeka over the next decade. With a projected return on investment of 48%, this expansion marks a strategic step towards strengthening Topeka’s position as a high-wage employment center for financial services.
“Our company was built on trusting relationships to support families and communities financially and continues to thrive in a competitive industry,” said Security Benefit CEO Doug Wolff. “Organically adding these jobs over the next five years will complement our decades-long investment in the region.”
Security Benefit’s expansion reflects the company’s commitment to the retirement savings market and highlights the city’s continued growth in the financial services industry.
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