Banking & Financial Services

Kansas small businesses receive CARES Act boost

Kansas Gov. Laura Kelly announced $38.5 million in CARES Act funding for small businesses and to slow the spread of COVID-19 on Friday. The funding was approved by the State Finance Council. Of the total, $20 million will be available… more

Rural Mainstreet Index displays first drop since April

This month, the overall Rural Mainstreet Index (RMI) witnessed a drop – the first in months since April 2020. A Thursday report released by Creighton University’s Heider College of Business broke down the report for each of the 10 states… more

Missouri department recommends rate increase for workers’ compensation

The Missouri Department of Commerce and Insurance is recommending a 1.0 percent increase in workers’ compensation insurance loss costs for 2021. This marks the first time in six years that average workers’ compensation rates will increase. This slight increase is… more

Coping with COVID: Kansas officials seek additional federal aid amid recent rise in COVID-19 cases

Without pinpointing a specific reason why, Kansas officials on Monday implied funding has run dry for small businesses that have applied for grants, and that many will continue without aid unless the state receives more federal funding. A continued rise… more

St. Louis-based Enterprise Financial closes merger

Headquartered in St. Louis with operations in the Kansas City metro and beyond, Enterprise Bank & Trust’s holding company, Enterprise Financial Services Corp, has officially completed its merger with Enterprise made the announcement Thursday. The merger adds approximately $1.3 billion… more

Kansas surpasses $2 billion in capital investment

State of Kansas has officially surpassed $2 billion in new capital investment in 2020, according to an announcement from Kansas Gov. Laura Kelly This investment is brought by new economic development projects driven by Governor Kelly’s administration and the Kansas… more

Chapter 11 filings skyrocket in Q3

Chapter 11 filings are up, according to a 3rd Quarter 2020 analysis from Polsinelli. Polsinelli’s report, called the Polsinelli-TrBK Distress Indices Report, tracks the increase or decrease in all Chapter 11 filings with more than $1 million in assets since… more

MU researchers granted $5 million from NASA for study

Researchers at the University of Missouri-Columbia have received a boost of support from the National Aeronautic and Space Administration (NASA). An announcement Thursday revealed that NASA has given a team of researchers at the university a $5 million dollar grant… more

Kansas City Council committee to discuss minimum wage

The Kansas City Council's Finance, Governance and Public Safety Committee met Tuesday to discuss a proposed ordinance on minimum wage. Kansas City, Mo. Mayor Quinton Lucas wants a humane wage for workers at entities that get 25 percent or more… more

October Mid-America Index expands to highest level in 16 years

October survey highlights include: The regional Business Conditions Index expanded to its highest level in 16 years. Almost 78.6% of supply managers reported shortages of qualified workers to fill open positions at their firms in October. Very strong export and… more