Kansas

House Approves $3T Stimulus Package

The House of Representatives has passed an additional $3 trillion in stimulus funding called the HEROES Act, and though the Republic-ed Senate is expected to reject the measure, House Majority Leader Nancy Pelosi (D-CA) said she is willing to make… more

Social Security Recipients Facing Challenges

The 68 million Americans who receive Social Security payments might be in for a rude awakening next year, as their checks aren't expected to have a cost-of-living increase next year. The average monthly check would remain at $1,460 due to… more

Theme Parks, Like Worlds of Fun, Face Changes

Theme parks, such as Kansas City's Worlds of Fun, will not be be running in business-as-usual mode when they start to re-open, due to social distancing requirements that will change the capacities of rides. For its part, Worlds of Fun… more

Gov. Kelly Re-Tightens Restrictions

Kansas Gov. Laura Kelly has added a new phase to stay-at-home restrictions which would require certain business across the state to close back down on Monday, under a plan called Phase 1.5. They include bars, casinos, museums, theaters and entertainment… more

GSEs Change Standards for Mortgage Borrowers

Fannie Mae and Freddie Mac are offering new deferral options for mortgage payments. The deferral option starts on July 1, reports the American Bankers Association. Borrowers will reportedly have a variety of mortgage-payment options, says the American Bankers Association. Read… more

SBA Loans Scrutinized

The Small Business Administration is scrutinizing PPP loans that were administered. "Those loans—which have been marked by SBA as being in “research” status—must be reviewed for accuracy and completeness. A lender should verify the borrower’s name, EIN or Social Security… more

Slow Awakening From COVID-19 Lockdowns

April was a peak for China’s coronavirus lockdowns, not just in the US, but also worldwide. With lockdowns somewhat easing in May, a limited rebound is already underway. However. it will be at least another week or two before we… more

Q&A With … Dave Toland, KS Department of Commerce

Dave Toland is the Kansas Secretary of Commerce. Q. We've heard about national, and international issues with the supply chain. How is KS specifically impacted and are there any differences? A. Factory production disruptions due to COVID-19 related shutdowns have… more

KC CRE Investment Has Dropped Slightly

During the first quarter, investment activity in commercial real estate decreased by 2.6 percent, though that slide is expected to decrease. Capitalization rates have dropped 47 basis points year over year, and multifamily and office transactions accounted for more than… more

Sporting KC Testing Players, Staff

Preparing for the Major League Soccer season having a reboot, Sporting KC is starting to test players and staff for COVID-19. "All of our players and staff will be taking tests to see if they actually have the virus," said… more