Banking & Financial Services

Applications for second round of CARES Act funding in Kansas to open next week

TOPEKA (Kansas Office of the Governor) – Governor Laura Kelly has announced businesses will soon be able to apply for a total of more than $130 million in grants to serve those most affected by the pandemic and for companies that… more

Treasury Secretary Mnuchin says $400 weekly benefit to be distributed soon

This past Saturday, President Trump signed an executive action that is soon scheduled to take effect in each state, the action set to provide an extra $400 per week in unemployment benefits to Americans. A White House press briefing on… more

Federal government awards $132.9 billion to small businesses, exceeds goals

WASHINGTON (U.S. Small Business Administration) – Today, the U.S. Small Business Administration announced that the federal government exceeded its small business federal contracting goal, awarding 26.50 percent or $132.9 billion in federal contract dollars to small businesses, over $12 billion… more

Creative Planning acquires Lenox Wealth

With the acquisition of Lenox Wealth Management in Cincinnati, Overland Park-based Creative Planning has added $600 million in assets to its now overall $50 billion. The move marks Creative Planning’s 10th acquisition over the last two years. “Creative Planning has… more

Missouri receives $6.2 million investment from U.S. Department of Commerce

WASHINGTON (U.S. Department of Commerce) – Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $6.2 million in CARES Act Recovery Assistance grants to 16 EDA Economic Development District organizations across Missouri… more

Possible cuts, furloughs in Kansas City, Mo. due to pandemic

A Wednesday finance meeting held by the Kansas City, Mo. City Council addressed the budget shortage the city is experiencing as a result of the COVID-19 pandemic. City council members discussed ideas to combat the shortage such as budget cuts… more

U.S. Department of Commerce invests $7.8 Million in CARES Act funding to several universities

U.S. Department of Commerce (WASHINGTON) – The U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding $7.8 million in EDA CARES Act Recovery Assistance grants to universities across the nation to boost their capacity to support regional economic development… more

Advance international trade in goods deficit shows decrease in June

U.S. Census Bureau – Due to recent events surrounding COVID-19, many businesses are operating on a limited capacity or have ceased operations completely. The Census Bureau has monitored response and data quality and determined estimates in this release meet publication… more

U.S. Treasury data shows PPP loans have saved millions of jobs

After billions in U.S. money was distributed to businesses in every state, a question being asked is was all that funding effective?  According to recent data released by the U.S. Treasury Department, the answer is yes. Data collected by the… more

Transitions 2020: Documentation—The Paper Chase

For business owners planning to sell their companies in the near term, a storm may be brewing. In broad terms, say professional-services executives, buyers will be looking for historical and current documenta-tion in categories that can be broken down into… more