Blog

Square Announces Expansion in St. Louis

ST. LOUIS, May 7, 2018 – Square, one of the nation’s fastest growing technology companies, is set to expand its office in the Cortex Innovation Community, adding approximately 300 new jobs.

“Square is proud to be from St. Louis and thrilled to expand our presence here, where we’ve exceeded our growth expectations thanks to the wealth of local talent,” said Jim McKelvey, Co-Founder and Director of Square. “St. Louis is home to tens of thousands of Square sellers and we’re thankful for the support of our city and state partners in furthering their growth, and excited for what’s ahead.”

“We are thrilled that Square is rapidly expanding here in St. Louis,” stated St. Louis Mayor Lyda Krewson. “Square is another company that is helping grow our tech sector and I want to personally thank founder Jim McKelvey for doubling down on his hometown. With their second biggest office located right here, we look forward to Square continuing to grow with our diverse and talented workforce, affordable housing, and centrally-located space in Cortex, one of the nation’s leading innovation communities.”

Square has more than 240 employees working in Cortex in two locations at 4240 Duncan and a subleased space in Cortex 1.
“Square’s fastest growing office is in St. Louis and that will help attract even more people to our tech and financial services sectors,” said Sheila Sweeney, CEO, St. Louis Economic Development Partnership. “Square’s decision to expand here is at a pivotal time in our region as multiple agencies commit to developing considerably more tech talent in St. Louis. Square’s presence here gives that talent yet another compelling reason to pursue their career in St. Louis.”

Founded by two St. Louis natives in 2009, Jack Dorsey, founder and CEO of Twitter, and McKelvey, Square is leading the world in financial services technology.

“Square is a leading edge financial services company that we are proud has such strong ties to Missouri,” said Steve Johnson, CEO of Missouri Partnership. “The company is committed to our region and their investment and job creation is part of the transformative impact the entire Cortex Innovation Community is having on St. Louis. We look forward to supporting their continued growth and success in Missouri.”
“Our objective in Cortex is to build a community of innovative companies, entrepreneurs and employees. Square checks all of these boxes,” said Dennis Lower, President and CEO of the Cortex Innovation Community. “Square’s expansion is a win for the District, the City and the region. It sends a strong message that St. Louis has a competitive value proposition for expanding tech companies that require a talented, diverse workforce.”
Square is best known for its mobile payment service that allows businesses to conduct credit card and point-of-sale transactions on mobile devices. Since its founding, Square has expanded into several other markets and industries making it one of the leaders in mobile financial services, merchant services, and mobile payments.

To learn more about the St. Louis Economic Development Partnership and take a look inside Square’s St. Louis office with founder Jim McKelvey, visit STLPartnership.com.