Banking & Financial Services
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. 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
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
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
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
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
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
Kansas City-headquartered Waddell & Reed Financial Inc. has been acquired, soon to begin the merge with global financial services company, Macquarie Group. An sale agreement worth a lofty $1.7 billion was made with Macquarie Asset Management, Macquarie Group out of…
more
While November tax collections again exceeded estimations, Governor Laura Kelly said that without federal support, future revenue growth – and our state’s ability to mitigate the spread of the COVID-19 pandemic – may be compromised. The State of Kansas saw…
more
As part of the Unified Government’s (UG) CARES Act request, the UG Commission recently approved $825,000 to support the Economic Development Department’s WYCO Loves Local Small Business grants. The WYCO Loves Local initiative was created to encourage continued growth and…
more
