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Hometown Startup 'Square' Expanding in St. Louis

May 07, 2018 - 9:51 am

ST. LOUIS (KMOX) - Mobile payments company Square is getting bigger in St. Louis.  The tech firm plans to double its workforce here, adding 300 jobs over five years and also picking up more space in the city's Cortex Innovation District.

Cortex president Dennis Lower says Square looked at several different sites. Why choose Cortex?

“I think that they would say that the quality of the workforce they have found here is exceptional, and another thing is that those people they hire stay, they remain, the turnover is very low. It’s just an ideal location for them to grow their business,” he says.

Lower says Square and Microsoft putting important hubs in Cortex makes it easier to sell St. Louis to even more tech firms.

“It draws attention to us. It kind of is a wake-up call to people who are looking for alternatives from the coast to grow their businesses,” he says.

Lower notes new living options are opening in the area, and a new Metro-Link station in the heart of Cortex is set to start taking passengers this summer. Square was founded by two St. Louisans, Jack Dorsey and Jim McKelvey.  After this expansion, St. Louis will be the second biggest office for Square, behind its headquarters in San Francisco.