Banking & Financial Services

Banks Cleared to Make Relief Loans

Federal relief for small businesses slammed with cash-flow challenges during the COVID-19 recession has begun flowing, as banks have the green light to begin making loans under the CARES Act’s Paycheck Protection Program. PPP has set aside $349 billion for… more

Unemployment Claims Unfortunately Break More Records

The unemployment picture in the United States has gotten a lot more grim, due to COVID-19 shock waves. For the week ended March 28, unemployment claims hit 6.448 million, a new record since the numbers have been tracked by the… more

House Passes Major Stimulus Package

The U.S. House of Representatives today passed a record  $2-trillion stimulus bill to help individuals and businesses recover financially from COVID-19. An NBC News report breaks down how much of stimulus check that one will receive: "If you made less… more

Small Businesses Take a COVID-19 Hit

About 56 percent of small businesses say they are impacted negatively by COVID-19, according to a recent report from Kansas City-based customer conversion and retention platform Bellwethr. While 55.5 percent said they are feeling negative impacts, 44.4 percent said that… more

Mayor Lucas Issues State of Emergency

Mayor Quinton Lucas has issued a State of Emergency in Kansas City that will last for an initial 21 days in order to prevent the spread of the COVID-19 virus. One of the main conditions of the order issued prohibits… more

KC Software Firm Raises $9M For Cloud Security

Internet security is becoming increasingly important for businesses today, and a Kansas City-based company is reaping the rewards of that demand. DisruptOps Inc. recently received $9 million in Series A financing from Columbus, Ohio-based Drive Capital, a new investor for… more

U.S. Job Report Strong Amid Coronavirus Concerns

The global coronavirus outbreak hasn't hurt the strong U.S. labor market ... yet. Unemployment in February dropped slightly, to 3.5 percent from 3.6 percent in January, according to the U.S. Bureau of Labor Statistics. Meanwhile, national payrolls rose by 273,000… more

Waddell & Reed Signs Lease to Move Downtown

Waddell & Reed has signed a lease to move its headquarters from Overland Park into a yet-to-be constructed building in Downtown Kansas City, and company management expects construction to start within two months. The plans, forecast for completion in 2022,… more

Schulte to Join Jackson County Administration

     Troy Schulte's retirement as city manager of Kansas City won't be much of a retirement: A week after he leaves City Hall, he'll mosey across the street to the Jackson County Courthouse, where he'll serve County Executive Frank… more

Creative Planning Purchases D.C.-Area Firm

Creative Planning has made its third acquisition of the year, this time buying OptiFour, an investment adviser with $400 million in assets under management, based in McClean, Va.  In February it bought the Minneapolis-based Johnston Group, which had $500 million… more