Banking & Financial Services

Metro tech startup receives $41M capital infusion

Overland Park-based Replica experienced explosive revenue growth last year, and now it’s generating another win: raising $41 million in Series B funding.  San Francisco-based venture capital firm Founders Fund led the round and was joined by existing investors such as… more

Proposed Missouri transportation bill expected to reel in estimated $460M per year through 2025

[caption id="attachment_34218" align="alignleft" width="438"] Missouri Department of Transportation graphic[/caption] A broad coalition of transportation stakeholders, including the Missouri Chamber of Commerce and Industry and the Missouri AFL-CIO, have released a new study analyzing the economic impacts of a proposed transportation… more

SBA prepares to launch $28.6B Restaurant Revitalization Fund

A launch is set to take place in the near future of the Restaurant Revitalization Fund through the Small Business Administration (SBA).  Its upcoming start follows closely behind the rollout of the Shuttered Venue Operators Grant program (SVOG), which has… more

Plans emerge to turn old KC Fed building into hotel

One of Kansas City's premier historic buildings soon could see a long-planned $182 million conversion to an Embassy Suites hotel begin after 13 years of vacancy. Delta Quad Holdings LLC seeks to build 284 hotel rooms, a parking garage with… more

Kansas City financial stress remained low in March

Data from the Kansas City Financial Stress Index (KCFSI) shows the index edged up from -0.46 in February to -0.33 in March but remained below its historical average. The index is a monthly composite index of 11 variables reflecting stress… more

In a Nutshell: A Trillion Here and A Trillion There

The second quarter of 2021 is off to a blazing start, with the S&P 500 Index pushing above 4,000 on the heels of President Biden's so-called infrastructure plan update.  In the weeks or months ahead, the market focus may turn… more

Beige Book report shows accelerated economic growth in Kansas City district

Growth in the Tenth District economy accelerated in March, with most sectors expanding at a moderate pace. Consumer spending increased moderately as retail, restaurant, auto, and tourism sales rose. A quarter of consumer spending contacts reported that the pace of… more

Missouri, Kansas receive $127M for affordable housing efforts

U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge announced the allocation of nearly $5 billion in American Rescue Plan funds, including $39,319,074 to Kansas and $88,420,496 to Missouri. Funding was distributed to help communities across the… more

AMC investor sells controlling stake, $220M in stock

AMC investor Wanda America Entertainment Inc., a unit of Chinese company Wanda Group, gave up its controlling stake in AMC Entertainment Holdings Inc. Stock sales totaled over $220 million. Wanda America Entertainment Inc., a unit of Chinese company Wanda Group,… more

SBA opens economic relief grant application for venues

On Thursday, the U.S. Small Business Administration opened the Shuttered Venue Operators Grant (SVOG) application portal. The SVOG program was appropriated more than $16.2 billion for grants. Those eligible for grant funding include operators of live venues, live performing arts… more