Jack Dorsey Opens New Square Office In Hometown Of St. Louis

Square Inc., which offers financial systems to small businesses, said on Wednesday it opened a new office in St. Louis, Mo. The San Francisco-based company was founded by St. Louis natives Jim McKelvey and Chief Executive Jack Dorsey, who is also serving as interim CEO of Twitter Inc. . In a statement, Square said the growing economy and amount of talent from top universities, research centers and training programs in the St. Louis area make it a prime location to meet Midwest-customer's needs. Square plans to hire 40 full-time employees immediately for its new office, and grow to more than 200 over the next five years, according to a news release. Reports say Square has filed confidentially for an initial public offering.