Local News

Furloughs, Exec Pay Cuts at Children’s Mercy

Children's Mercy Kansas City is furloughing 575 employees for 60 days and executives are taking pay cuts as a result of business loss from COVID-19. The pediatric health system is losing about $1 million in revenue per day, as surgeries… more

Citi Says Bear Market Here a While

A team of Citigroup analysts said that there will be a bear market in the U.S. investment market for some time to come. “All bear markets include false rallies, often associated with supportive monetary policy. But markets only find a… more

House Of Representatives Voting Today on Relief Bill

The House of Representatives today is set to vote on a $480-billion bill that would give relief to small businesses and hospitals. The Senate approved the measure earlier in the week, and President Trump is expected to sign the bill,… more

SBA Issues New PPP Guidance

The Small Business Administration today issued new guidance for its Paycheck Protection Program. It's new guidance had verbiage that would make it less likely for large companies and institutions like the burger chain Shake Shack, which has a location in… more

Q&A With . . . Mark Larrabee, Arvest Bank

Mark Larrabee is the president and chief executive officer of the Kansas City market for Arvest Bank. He talks about SBA stimulus loans and their distribution process. Q: Have you heard yet from the SBA about any adjustments to PPP… more

March New-Home Sales Drop 15.4%

New-home sales in March fell 15.4 percent from February and were down 9.5 percent from the same year-ago period, according to the U.S. Census Bureau. There were 627,000 new homes sold last month, 333,000 new houses for sale, and the… more

Shawnee Industrial Park Gets $50M Bond Approval

The City of Shawnee recently approved a $50-million bond issuance for the construction of Heartland Industrial Park, which is set to be underway this year. The 186-acre development, to eventually total two million square feet would reportedly bring 1,500 jobs… more

Clay County Amends Stay-At-Home Order to May 3

Clay County has rolled back its stay-at-home order from May 15 to May 3, despite Kansas City, Mo., and surrounding counties sticking with the original date. A county order said: stay-at-home measures "have demonstrated having a measurable impact on reducing… more

Another 4.4 Million File for Unemployment

Just over 4.4 million people filed for unemployment insurance for the week ended April 18, putting the insured unemployment rate at 11 percent, though many estimates place that number much higher. The 11 percent is 2.8 percent  higher than the… more

March Traffic at KCI Cut in Half

Year-over-year passenger traffic in March was down 52.8 percent, according to the KC Aviation Department, as 480,690 passengers arrived and departed from the facility during the month. Passenger boardings dropped 55.2 percent, to 227,860, while year-to-date boardings fell 21.4 percent.… more