ST. LOUIS (KMOV.com) -- Square, Inc. has announced its plans to add jobs and move to downtown St. Louis.
The mobile credit and debit card payment app company, which was co-founded by St. Louis natives Jack Dorsey and Jim McKelvey, will move to the St. Louis Post-Dispatch headquarters downtown.
According to the Post-Dispatch, Square signed a 15-year lease at the location. The Post-Dispatch will be relocating to 901 North 10th Street next month.
The move will more than double Square's workforce in St. Louis to 1,400 employees, St. Louis Mayor Lyda Krewson said.
Big News - @Square moving to downtown with major expansion & up to 1,400 talented tech, engineering, & creative employees! Thanks to @jack and @2000F for huge investment and JOBS in the heart of the region! https://t.co/so48aXn7QB— Mayor Lyda Krewson (@LydaKrewson) July 29, 2019
The Post-Dispatch reports that around 500 employees currently work in the company's Cortex location in the Central West End. The move would see those employees moving to the new headquarters in the next few years, locating all of them downtown.
"There hasn't been a lot of development on the north side, so putting this stake in the ground and developing that area is going to help change landscape of downtown St. Louis," said Missy Kelley with Downtown STL, Inc.
Square will be just blocks away from the National Geospatial Intelligence Agency location set to be built by 2023.
Krewson said the addition of Square and pairing them with NGA will be a game changer for downtown.
"Downtown is the core of the region," she said. "Having a strong downtown is very important to having strong neighborhoods around downtown."