Kansas

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

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

EPR Properties Sees Rent-Payment Dive

Kansas City-based EPR Properties, which operates experiential real estate properties in 44 states, such as entertainment centers with cinemas, has only received 15 percent of rent payments from tenants so far in April. As result, EPR is deferring rent payments… more

Centene Nabs KS Department of Corrections Contract

Centene Corp. announced that its subsidiary Centurion has been awarded a contract by the Kansas Department of Administration to provide healthcare services in the Department of Corrections facilities.   The two-year contract is expected to start on July 1 and… more

Mortgage Applications Decline

Though 30-year fixed-rate mortgages are at an all-time low, purchases hit their lowest levels since 2015, a 31-percent decrease from the same year-ago period. The Mortgage Bankers Association also reported that, for the week ended April 17, mortgage applications decreased… more

Macy’s Might Consider Debt Versus Bankruptcy

Macy's, the country's largest department-store chain, with five locations in the Kansas City area, might reportedly consider taking on up to $5 billion in debt instead of filing for bankruptcy. Inventory would be used as collateral to raise $3 billion… more

Is Johnson County On Downward COVID-19 Path?

Though it's too early to call it a trend, there is some encouraging news out of Johnson County, Kan. On April 20, the latest date for which data has been provided, there was only one positive COVID-19 test recorded by… more

Five Elms Capital Invests in TX Software Business

Overland Park-based Five Elms Capital, which invests in business-to-business software companies, has invested in an Austin, Texas-based SaaS firm. Though details about the investment amount were not released Fred Coulson, Five Elms' founder and managing partner, will take a board… more

KS, MO Fared Better Than Most States With PPP

Kansas and Missouri both did relatively well in receiving funds from the $350-billion Payroll Protection Program COVID-19 relief bill, at least compared to most states. Kansas came in nine per capita of all states for funding, while Missouri was ranked… more

Senate Passes New Aid Bill For Small Business

The U.S. Senate has passed a bill that would give another $484 billion to small businesses and hospitals. It's a move that was partially pushed by the Small Business Administration last week running out of $350 billion in funds that… more