Banking & Financial Services

Broadband expansion initiative to deliver $248M to KC area, Mo.

A state-wide broadband initiative in Missouri will pour $248 million to achieve broadband expansion to communities across the state, including counties that make up the Kansas City, Mo. region. The multiyear initiative to expand broadband availability aims to reach 61,000… more

Beige Book report shows increase in economic activity for Kansas City district during Jan., Feb.

Economic activity in the Kansas City Federal Reserve District expanded slightly over the last two months, according to the latest Beige Book release from the Federal Reserve System. The Beige Book is a Federal Reserve System publication about current economic… more

Kansas bill signed to prevent utility cost surge statewide

Wednesday night, Governor Laura Kelly signed a bill to protect Kansas cities from potential price surges in electricity bills caused by extremely cold temperatures in February. Senate Bill 88 establishes a $100 million low-interest loan program for municipal utilities facing… more

Platte County school district seeks $73M from bond proposal

Leaders from the Platte County, Missouri, R-3 School District will host an information session Thursday evening to answer questions about a no tax levy bond initiative on the April ballot. District leaders said the bond will not raise taxes within… more

Top area public company Garmin surges past $4B in annual revenue for first time

One of the Kansas City area’s top public companies experienced a record boost in annual earnings during COVID-19 lockdowns in 2020. Garmin Ltd. total revenue climbed to an impressive high near $4.2 billion by the end of 2020, an 11… more

Waddell & Reed cancels plan to move Downtown

The acquisition of Waddell & Reed Financial Inc. in late 2020 is beginning to have a clearer impact after a Tuesday announcement confirmed the company will not be moving into a downtown Kansas City building intended to serve as Waddell’s… more

Kansas February tax collections surpass estimates, same month in Fiscal Year 2020

The second month of the year brought in $455.9 million in total tax collections for Kansas. This was above the estimate for February collections, and above that of the same time last year, in Fiscal Year 2020. Kansas' February total… more

SelectQuote makes secondary stock offering of 10.6M shares

This week, Overland Park-based insurance services company, SelectQuote Inc., has made a secondary offering from three of its shareholders as well as the company’s top private equity backer, Connecticut-based Brookside Equity Partners LLC. The secondary offering aims to sell 10.6… more

New platform adds $1B in assets to KC-based fintech firm Blooom

Just two short months after launching a retirement calculation tool on its site, Leawood-based Blooom reports it has gained $1 billion in new assets. Founded in 2013, Blooom is an online Registered Investment Adviser that manages individual participant accounts and… more

Missouri K-12 public schools to receive $123 million in funding

Previously held-back funding due to COVID-19 concerns was released in Missouri on Monday, March 1.  The remainder of $438 million from the current state budget - around $281 million - was released on Monday, the majority of it to be… more