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Economy

Three international law firms, Lathrop & Gage, Stinson Morrisson & Hecker, and Shook, Hardy & Bacon are based in the City. Numerous agriculture companies operate out of the city . Dairy Farmers of America, the largest Dairy Co-op in the United States is located here. Kansas City Board of Trade is the principal trading Exchange for hard red winter wheat Ч the principal ingredient of bread. Kansas City is one of ten regional office cities for the United States Government. The U.S. Government is the largest employer in the Kansas City metro area, with more than 146 federal agencies maintaining a presence.[66] The Internal Revenue Service maintains a large service center in Kansas City that is nearly 1,400,000 square feet (130,000 m2).[67] The IRS facility is one of only two facilities in the nation to process paper returns.[68] The IRS has approximately 2,700 full-time employees in Kansas City and upwards of 4,000 employees during peak tax season with the addition of temporary employees. The General Services Administration has more than 800 employees in Kansas City, with most located at the Bannister Federal Complex in South Kansas City. The Bannister Complex is also home to the Kansas City Plant, which is a National Nuclear Security Administration facility operated by Honeywell. Honeywell employs nearly 2,700 at the Kansas City Plant, which produces and assembles 85 percent of the non-nuclear components of the United States nuclear bomb arsenal.[69] The Social Security Administration has more than 1,700 employees in the Kansas City area, with more than 1,200 located at its Mid-America Program Service Center (MAMPSC) in downtown Kansas City.[70] The National Association of Intercollegiate Athletics and The National Association of Basketball Coaches are based in Kansas City. H&R Block's new oblong headquarters in downtown Kansas City The business community is serviced by two major business magazines, the Kansas City Business Journal (published weekly) and Ingram's Magazine (publ shed monthly), as well as numerous other smaller publications, including a local society journal, the Independent (published weekly). Kansas City is literally "on the money." Bills issued by the Federal Reserve Bank of Kansas City are marked the letter "J" and/or number "10." The single dollar bills have Kansas City's name on them. The Kansas City Federal Reserve built a new bank building that opened in 2008 and relocated near Union Station. Missouri is the only state to have two of the 12 Federal Reserve Bank headquarters (St. Louis also has a headquarters). Kansas City's effort to get the bank was helped by former Kansas City mayor James A. Reed who as senator broke a tie to get the Federal Reserve Act passed.[71] One of the largest drug manufacturing plants in the United States is the Sanofi-Aventis plant located in south Kansas City on the campus developed by Ewing Kauffman's Marion Laboratories.[72] Of late, it has been developing some academic and economic institutions related to animal health sciences, an effort most recently bolstered by the selection of Manhattan, Kansas, at one end of the[73] Kansas City Animal Health Corridor, as the site for the National Bio and Agro-Defense Facility, which is tasked, among other things, to research animal-related diseases. Ford Motor Company operates a large manufacturing facility just outside of Kansas City in Claycomo at the Ford Kansas City Assembly Plant, which currently builds the Ford Escape, Mazda Tribute, Ford F-150, and Mercury Mariner. The General Motors Fairfax Assembly Plant s located in adjacent Kansas City, Kansas. Smith Electric Vehicles builds electric vehicles in the former TWA/American Airlines overhaul facility at Kansas City International Airport. The national headquarters for the Veterans of Foreign Wars is headquartered just south of Downtown Kansas City. With a Gross Metropolitan Product of $41.68 billion in 2004, Kansas City's (Missouri side only) economy makes up 20.5% of the Gross State Product of Missouri.