Economy

Estate Planning after The Tax Cuts and Jobs Act of 2017

If you have an estate plan already in place or are preparing one this year, are you aware of the impact The Tax Cuts and Jobs Act of 2017—the Act—will have on it? The law signed by President Trump on… more

KC Makes Its Pitch to Amazon

As of today, the Kansas City region's dreams of being home to a second headquarters for Amazon.com are in the hands of Jeff Bezos and his team in Seattle. In what is being described as the largest regional collaboration in… more

New Leaders Set for KC Rising

After two years under the guidance of the KU Medical Center's Doug Girod and former HNTB executive Scott Smith, the KC Rising Steering Committee announced this morning that three new co-chairs would assume duties on March 1: John Murphy, past… more

Downtown Convention Center Hotel Gains Momentum

At the end of a day that saw a major step forward for his team, Mike Burke, of KC Hotel Developers LLC, spoke with Ingram’s about plans for his group's Hyatt convention center hotel project, which received an important city agency… more

CVS Chooses Kansas City as Midwest Distribution Center

Kansas City’s growing reputation as a vital distribution hub at the center of the United States received further burnishing today, when The Kansas City Area Development Council (KCADC) announced that CVS Pharmacy, America’s leading retail pharmacy, will build a 762,000-sq.-ft.… more

Jobs Up, Unemployment Down in Missouri

The Missouri Department of Economic Development released seasonally adjusted data today, indicating that Missouri’s nonfarm payroll employment grew by 1,900 jobs in November, reaching a new record state-high of 2,842,200 jobs. The month’s employment increase was in addition to the… more

Missouri Sets New Tourism Records

Missouri’s Governor Jay Nixon announced today that Missouri set new tourism records during the 2016 fiscal year (FY16). Citing an annual report compiled by Tourism Economics, he said Missouri welcomed 41.7 million visitors in FY16, a 3.2 percent increase from… more

Kansas City Connects to the Katy Trail

This coming Saturday, December 10, Missouri Governor Jay Nixon will cut a ribbon, opening a new walking/cycling trail that connects Kansas City with the famous Katy Trail. Cyclists and walkers will now have walkers an uninterrupted path of almost 300… more

Department of Labor Reports on Productivity

The U.S. Bureau of Labor Statistics reported today that labor productivity in the nonfarm business sector increased at a 3.1-percent annual rate during the third quarter of 2016, the first increase in that measure after three consecutive declines. An Associated… more

Income, Spending and Prices Are on the Rise, Says Commerce Department

The likelihood of an interest-rate increase from the Federal Reserve grew today with the release of October’s consumer spending and personal income numbers from the United States Commerce Department. The Commerce Department also said that consumer spending in October increased… more