SOURCE: Spring Venture Group

June 27, 2011 09:00 ET

Spring Venture Group Recognized by Kansas PEAK Program

Company to Add More Than 150 New Jobs to the Kansas City Area

PRAIRIE VILLAGE, KS--(Marketwire - Jun 27, 2011) - The Kansas Department of Commerce has awarded local Prairie Village business Spring Venture Group, $1.8 million in tax related incentives over the next seven years. The Promoting Employment Across Kansas (PEAK) Program grants tax incentives to Kansas businesses that plan for rapid job growth in the state.

Spring Venture Group will expand from its current location in Prairie Village to a larger space in Leawood, Kan., in July of this year. The company expects to add more than 150 employees to its operations over the next few years.

"I congratulate Spring Venture Group on its expansion in Johnson County and for adding a significant number of jobs to its operations," said Kansas Commerce Secretary Pat George. "This is great news for the state, and we are pleased to be a partner in this effort. I wish the company every continued success in the future."

Spring Venture Group is a sales and marketing organization focused on customer acquisition for leading insurance carriers and law firms. The firm's growth has been driven through their independent comparison shopping insurance brokerage divisions both in Auto and Home (SelectQuote Auto & Home) and Medicare supplement services (United Medicare Advisors).

"We are pleased to partner with the State of Kansas on economic development in the region," said Tim Danker, CEO of Spring Venture Group. "We are excited about our rapid growth and ability of our businesses to provide consumers value through unbiased comparison shopping services for their insurance needs."

Spring Venture Group is sponsored by Five Elms Capital, an investor in rapidly growing companies that use technology and the web to disrupt incumbents.

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