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Banking & Financial Services

Sen. Hawley of Missouri reveals $1,200 stimulus check plan

Republican Sen. Josh Hawley unveiled a plan last week for another round of stimulus checks for millions of Americans. The Missouri senator modeled the new legislation after March’s CARES Act. His plan would provide $1,200 for individuals, $2,400 for couples… more

Parson signs off on $1.2B in added spending

Missouri Gov. Mike Parson announced Friday he has signed the more than $1.2 billion supplemental budget state lawmakers approved in special legislative session. Federal funds make up more than $1.17 billion of the almost $1.28 billion supplemental budget — with… more

Missouri to receive $346M for broadband projects from FCC

The Federal Communications Commission on Monday announced $9.2 billion in funding for rural broadband expansion projects, with about $346.3 million going toward projects in Missouri. Funds from the Rural Digital Opportunity Fund Phase I auction will be awarded to 180 companies over… more

Total weekly bankruptcy filings dip by 33.4 percent from 2019

Total Filings Total filings were down by 33.4 percent during the week ending December 6 compared to the same week in 2019. Once again, the largest decline involved chapter 13 filings, which were down by well over one-half from last… more

U.S. Department of Commerce grants $1.7M to Missouri town

U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.7 million grant to Montgomery City, Mo. to construct a broadband fiber network to serve local businesses. The EDA grant, to be located… more

U.S. House passes federal funding extension

Congressional leaders moved on Wednesday to buy more time to strike an elusive deal on an economic relief measure to address the ruin wrought by the pandemic, but with time running short, it was unclear whether a compromise would pass.… more

Kansas CARES Act program to deliver backlogged payments

The Kansas Department of Labor announced Friday development with the state's Pandemic Unemployment Assistance Program (PUA). Funded through the CARES Act,  the program pays unemployment insurance benefits to those who wouldn't typically qualify for it such as self-employed and gig… more

Local banks, foundations help fund metro youth learning lab

A collaborative effort between numerous local foundations and banks are bringing a Junior Achievement of Greater Kansas City Youth Learning Lab to the metro. Presented by The Mallouk Family Foundation, the lab is part of a hands-on initiative that connects… more

Effectiveness of Kansas tax credit program in question

From 2015-2018, the angel investor tax credit program in Kansas cost millions in forgone income tax revenue, but a post-audit could not determine if the program met its goals. The program gives investors a tax credit for investing in certain… more

Total weekly bankruptcy filings hit 15-year low

Of the many economic surprises to come out of 2020, a positive report has recently popped up concerning bankruptcy filings. According to a Weekly Bankruptcy Analysis report by the American Bankruptcy Institute, total bankruptcy filings were down by 44.5 percent for… more