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JEDO approves $1.43 million incentive for Mellin Financial expansion, citing 175 new jobs
Summary
The joint economic development board approved a $1,430,000 performance‑based incentive for Mellin Financial’s Project Omega, which officials said is expected to create 175 jobs over five years with average wages ranging roughly $50,000–$250,000 and an estimated 10‑year economic impact of $1.37 billion.
The Joint Economic Development Organization voted unanimously to approve a $1,430,000 incentive agreement for Project Omega, the expansion of Mellin Financial, after a presentation from GOPA staff and a video message from the company.
Ashley Layman, the board presenter, said the project ‘‘will bring 175 new jobs over the next 5 years with wages ranging from 50,000 to over 250,000,” and described the incentive as performance‑based, ‘‘paid out as earned over a 5‑year period.” She also cited a reported 39% return on investment and a projected $1.37 billion economic impact over the next 10 years.
Jared Florence, president of Mellin Financial, appeared by prerecorded video and said, “This is a big moment for our company. We are proud to continue our growth right here in Topeka,” adding that the expansion reflects ‘‘the people, the partnerships, and the community that we are a part of.”
Commissioner Maize moved to approve the incentive agreement and Commissioner Ripon seconded. The board conducted a roll‑call vote; all present members voted yes and the motion passed.
The agreement was described as supporting the company’s continued footprint expansion in the Topeka City area and as contingent on performance milestones listed in the packet. Board members asked clarifying questions about the project’s location; a presenter described its site relative to local landmarks near Cracker Barrel and the Association of School Boards.
Next steps: the executed agreement will be finalized and incentive payments are to be made as Mellin Financial meets performance conditions outlined in the contract packet.
