Kansas

KCRise Fund Has $10 Million in Commitments

The KCRise Fund—an initiative of the KC Rising effort to fully realize the Kansas City region’s economic potential—announced today that it has closed on an initial $10 million in commitments from area investors.  KCRise was established, “as a solution to… more

Fed Votes to Hold the Course on Interest Rates

While saying “the case for an increase in the federal funds rate has strengthened,” the Federal Reserve announced today that it will not make a rate change at this time. The Federal Open Market Committee, which is charged with setting… more

21 States Sue Obama Administration on Overtime Rule

Kansas is one of 21 states joining in lawsuit filed today against the Obama administration. The suit challenges the U.S. Department of Labor’s new “Overtime Rule.” The suit was filed by Texas Attorney General Ken Paxton and Nevada Attorney General… more

Company with Overland Park Presence Being Sold

Penton, a New York-based information services company with offices in Overland Park is to be acquired by the business intelligence company Informa. Penton is being sold by MidOcean Partners and Wasserstein & Co. for $1.56 billion.   more

Housing Starts Up in Midwest but Down Overall

The Commerce Department announced today that housing starts in the US fell 5.8 percent in August to their lowest level in three months, due largely to a 14.8 percent decrease in the South. Building activity increased in the Northeast (7.6… more

Children’s Mercy and Olathe Medical Team Up

Children’s Mercy Hospital and Olathe Medical Center say they will work together on providing enhanced pediatric services for Southwest Johnson County and surrounding areas. The solution is expected to take the form of a new facility at Olathe Medical Park.… more

“Westward, Ho!” for Expansion in Lee’s Summit

According to the Lee’s Summit Economic Development Council, the west side of town could be the site of new development projects totaling some $500 million. The proposed development projects in Lee Summit’s View High corridor include more than 300 acres… more

Lansing Trade Group Releases Tender Offer Update

Lansing Trade Group, LLC, the Overland Park-based commodity merchandising company focused on commodities including grains, feed ingredients and energy products has announced preliminary results of a tender offer that began in August. The company reports that 79.2 percent of the… more

Bloch School Begins Search for New Dean

In a week with several celebrations of entrepreneurism happening in Kansas City, the UMKC Henry W. Bloch School of Management, a leader in entrepreneurship and innovation education, has added to the excitement by announcing its search for a new dean.… more

UMKC and LaunchKC Agree to Strengthen Tech Mentorship

University of Missouri–Kansas City (UMKC) and LaunchKC—the global tech-grants competition whose winners will be announced this Friday as part of Techweek Kansas City—have agreed to join forces in better mentoring idea-people in the tech industry. The letter of agreement includes… more