Missouri

Banks pull in $60B in Q4

Yearly income was down by more than a third compared to 2019 numbers, according to the latest FDIC numbers, although banks pulled in almost $60 billion in net income last quarter, up 9.1 percent, largely on reduced loan loss provisions.… more

Total bankruptcy filings drop nearly 50 percent in third week of February compared to one year ago

Total filings were down by nearly 50 percent during the third week of February compared to the same week last year, according to a report from the American Bankruptcy Institute. Once again, the largest decline involved Chapter 13 filings, which… more

Proposal to limit tax incentives on new development advances

This week, a vote from the Neighborhood, Planning and Development Committee advanced a proposal to limit tax incentives for new development in Kansas City, Mo. After a vote of approval from the committee, the policy now advances to the full… more

In a Nutshell

Recently Eurostat announced that eurozone GDP contracted at an annual pace of 2.8% during the fourth quarter and 6.8% for all of 2020.  By comparison the U.S. economy grew at a preliminary annual pace of 4% during the fourth quarter, while declining… more

Jobless claims make notable drop

In the week ending February 20, the advance figure for seasonally adjusted initial claims was 730,000, a decrease of 111,000 from the previous week's revised level. The previous week's level was revised down by 20,000 from 861,000 to 841,000. The… more

Amended plans for $187.5M Metro North development

Metro North Crossing continues to pick up interest as a hotspot for developers. Within the last year, the location opened entertainment venue T-Shotz, and saw construction begin on Metro North Crossing Apartments. An amended master plan would bring an $187.5… more

Missouri, Kansas receive $140.7M combined in housing grants

Missouri and Kansas communities have received a boost in funding to assist with housing and other related needs to communities state-wide. The U.S. Department of Housing and Urban Development (HUD) announced $100,489,419 has been granted to local programs in Missouri… more

Coping with COVID: Regional ratio of COVID-19 patients hospitalized falls below six percent

For hospitals slammed through the fall as COVID-19 admissions skyrockets, the news continues to suggest relief—conditioned, for the moment, on whether relaxed restrictions on business operations and public gatherings leads to additional outbreaks. According to the Mid-America Regional Council ‘s… more

Kansas City organizations form PPP PREP program to assist local small businesses

A group of Kansas City organizations have formed a new program to provide local small businesses guidance with the PPP loan application process. Called Payroll Protection Program PREP (PPP PREP), the program is a collaboration among local chambers of commerce,… more

KCMO, YMCA form vaccine partnership with Walmart

A movement to vaccinate more vulnerable populations of the city will take its next step beginning this weekend through a COVID-19 vaccine partnership between the City of Kansas City, Mo., YMCA of Greater Kansas City and Walmart. Beginning this weekend,… more