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Banking & Financial Services

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

Coping with COVID: Online dashboard launches to show how COVID-19 funds are spent in Kansas

The launch of a new online investment dashboard now allows individuals to look at how COVID-19 funds are being spent in the state. Just over $1 billion in federal CARES Act investments were approved by the Governor’s SPARK taskforce and… more

Kansas October tax revenues surpass estimate

The State of Kansas continues to see revenue growth over the same month of the last fiscal year. October’s total tax receipts were $596.6 million, an 11.7 percent or $62.6 million increase over the estimate. That is 7.9 percent, or… more

Coping with COVID: Kansas to invest millions more in small businesses and COVID-19 testing

Kansas' State Finance Council unanimously approved investing up to $45 million more in COVID-19 testing across Kansas and to provide $20 million more for small businesses. The $65 million approved today is from the Coronavirus Relief Fund, which is part… more

Federal Reserve releases 2019 noncash payments data

The Federal Reserve Board on Thursday published detailed noncash payments data from the 2019 Federal Reserve Payments Study (FRPS). The additional data, estimated from surveys covering 2012 through 2018, supplement the noncash payments overview provided by the top-line data released… more

U.S. economy surges in third quarter

Growth in the U.S. economy during the third quarter sparked enthusiasm, data from the U.S. Commerce Department revealing a growth of 33.1 percent in annualized pace. Aided by a lift in business and production restrictions caused by COVID-19, growth seen… more