Andy’s seeks bonds, tax breaks for new Springfield headquarters
Springfield moved toward up to $32 million in bonds for Andy’s Frozen Custard, with 54 jobs retained, 16 added and a campus plan stretching from 2028 to 2033.
Andy’s Frozen Custard’s Springfield headquarters plan won a 7-0 Springfield vote Monday, but the city did not approve the bonds or tax breaks themselves. The resolution of intent lets Springfield staff start shaping a development plan, cost-benefit analysis and public hearing process for a project that would keep the company in town while redirecting future tax revenue.
The company is seeking up to $32 million in Missouri Chapter 100 Industrial Development Bonds, a financing tool that can provide real and personal property tax exemptions and sales tax exemptions on qualified construction purchases. The proposal still has to survive the rest of the review process before any final incentives are issued. Two council members were absent, and no public comment was offered.
Andy’s would retain 54 headquarters jobs and add 16 more full-time positions, with the new jobs averaging $94,766 a year, about 1.66 times the Greene County average. The project is nearly $32 million in new capital investment in Springfield.
The plan covers a much larger footprint than the single-story office building Andy’s filed with the city last month. That permit plan, valued at $12 million, came after the company filed a building project plan June 4 and a building permit plan May 26 for the east Springfield site at the northeast corner of East Division Street and North LeCompte Road. The broader campus now described in the council bill would include 43,200 square feet of office space across three buildings and a 9,600-square-foot industrial warehouse, built in two phases, with the first two office buildings targeted for completion in 2028 and the third office building and warehouse in 2033.
Andy’s current headquarters sits downtown on Water Street in a 1913 building that once housed Harry Cooper Supply and serves as the operational hub for the chain’s 192 locations in 15 states. The company bought the 10-acre east Springfield site in 2022 through White Shirts LLC, a business registered to CEO Andy Kuntz. In late May, Kuntz said development costs had climbed about 30% to 40% and that the company was still weighing alternatives, including buying an existing building in Republic or moving operations to Kansas City.
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