The Kansas City metro area has become home to numerous tech startups over the last few years, in part because of Google Fiber, but also because low rental prices and large cutting-edge tech companies that call the city home.
Out of his single floor office space in Kansas City's startup village on 45th and Stateline, in Kansas City, Kan., Toby Rush gives a demo of the mobile phone application he’s developing, and it is like something out of a spy movie.
While Google has cast a spotlight on Kansas City that has the country excited about high speed internet, like most cities around the country, access is not equally available.
Internet activists believe that the arrival of Google Fiber has highlighted the so-called digital divide. But Google says it wants to work with the communities and organizations involved in bridging the gap.
Long before Google Fiber arrived in 2011, Kansas City has had a thriving technology sector, with cutting-edge companies like Cerner, Garmin and Sprint (whose roots go back to 1899 in Abilene, Kan.). Many of these companies have spawned other technology startups, which you can see on this impressive KC tech genealogy map.
One Million Cups, a weekly showcase and get-together for Kansas City's startup community, a has become the place to be and be seen. Every Wednesday morning at 9 a.m., the Ewing Marion Kauffman Foundation opens its doors, puts on coffee, and some weeks, welcomes as many as 400.
Last week, a few of the regular entrepreneurs, Brendan Reilly, Jonny Kot and George Brooks, join others hovering around the Kauffman Foundation’s long coffee bar before presentations begin. Engrossed in excited conversations, they trade twitter handles and the occasional business card.
In what is typically a very divided legislative hall, Missouri lawmakers submitted on Dec. 6, a overwhelmingly bipartisan proposal to offer aerospace company Boeing approximately $1.7 billion in incentives over the next 20 years if they were to locate their planned 777x plant in the state.
A contending proposal is also in the works in Kansas. Wichita Eagle reporter Molly McMillin joins us to help make sense of these proposals and what their impact could be.
Molly McMillin, aviation reporter for the Wichita Eagle
Black Friday was ….well… Thanksgiving Thursday as many stores opened their doors for the holiday shop-a-ganza anywhere between 3 and 9 p.m.
I went out to Best Buy and Wal Mart at 10:30 p.m. expecting to find the fabled Black Friday frenzy. Instead, I found what looked to be a pretty typical Saturday or Sunday’s parking lot and customer traffic.
The craziness, I was told, happened earlier in the day.
The Kansas City city council is expected to approve tax incentives for an expansion of the area's automotive manufacturing industry this afternoon.
Wednesday, a council committee endorsed ten-year tax abatement and $10.5 million in industrial revenue bonds to help turn a building in the east bottoms into a manufacturing facility for auto interior components. Troy Curran of Grupo Anolin says the company already has 2700 people working n North America.
It’s a mash-up of dozens of classes, speakers, workshops and competitions that extend through Saturday in Kansas City. Other cities across the U.S. and 139 different countries also are sponsoring a Global Entrepreneurship Week to celebrate innovators and startups.
Some of the highlights from the week in Kansas City:
Working two jobs, for a total of 60 hours a week, at federal minimum wage, you would bring home roughly $22,600 a year. That’s almost one thousand dollars under the federal poverty level for a family of four.
On today's Central Standard, Brian Ellison talks with two economists who have differing views on minimum wage. How much does raising minimum wage hurt businesses, but how much could it improve the lives of those working at minimum wage?
Hallmark Cards has announced plans to eliminate as many as 250 positions, the Kansas City Business Journal reports. The article says 100 of the job cuts will come this year. The staff reductions involve "the greeting card development process" and an exit from the party goods market.
United Airlines and Air Canada were supposed to move Wednesday night from Terminal A to Terminal C at Kansas City International Airport, but those plans got delayed.
KCI spokesman Joe McBride says technical issues were to blame.
“As they were getting into the eleventh hour of the move, the computer technology was not all coming on line,” said McBride. “So it looked like the airline was not going to have the ability to check people in be it at the ticket counter or the kiosk.”
McBride says he expects the terminal change will take place early next week.
The West Bottoms is an industrial area directly west of downtown Kansas City, located at the confluence of the Kansas and Missouri Rivers. It is one of the oldest areas of the city, and the original home of two of the region's key industries: beef and railroads.
Millennials, those born between 1980 and 2000, are increasing their economic presence and power. Companies are investing in research to understand this group, which makes up 25 percent of the U.S. population. There might be a lot we still don't know about this significant segment of society, but according to our experts, here's what we do know:
Boulevard Brewery grew from humble beginnings to be ranked 12th in the nation for craft beer companies. The Kansas City favorite announced October 17 that it had been sold to a 142-year old Belgian company called Duvel Moortgat Brewery.
When Boulevard Brewery founder John McDonald started his micro-brewery 24 years ago, he wasn't even thinking of an exit plan. His original business plan included 7,000 barrels per year and seven employees. He now produces 190,000 barrels and has 125 employees.
Not many retail companies can or want to boast that their employees are paid $21 an hour and given health insurance, but Costco is proud to do so.
On Monday's Up to Date, Steve Kraske talks with founder and former Costco CEO Jim Sinegal about the wild success and the almost unparalleled employee compensation that his company is known for. We'll find out why Sinegal decided to pay his workers over twice the national minimum wage, and what effects it has on their work ethic and shareholders' blood pressure.
Missouri is in the crosshairs of a national debate over payday loans. This is partly because the industry is huge and wields a lot of political power in the state, but also due to a growing, grass- roots consumer movement. Payday lenders say they provide necessary alternatives to more costly bank overdrafts and credit card debt, but consumer activists aren’t buying it, and are working to provide alternatives for short term loans.
October is Financial Planning Month, so it's as good a time as any to start thinking about your financial future. However, when you start really digging deep, you might find lots of information and advice. How do you know who to trust? Who is the most reliable?
Bill Anderson and the Cash Money Crew examines some of these so called "Rules of Thumb" for financial planning and determine what advice is actually useful.
Here are some "Rules of Thumb" which may need to be given a second look:
The owner of Kansas City’s Boulevard Brewing Company has sold a majority stake in the business to a Belgian brewery. Still John McDonald, Boulevard’s founder, says the deal with Duvel Moortgat will only allow the brewery to accelerate its Kansas City expansion.
McDonald has sold the majority interest in the company to Belgian brewery Duvel Moortagat.
McDonald started Boulevard in 1989 and brought the company to national acclaim. McDonald told the Kansas City Business journal that he turned 60 this year and needed to figure out what he was going to do with the brewery.
BNSF Railway officially opens a huge new freight handling center in southern Johnson County, Kan. Thursday. The intermodal freight yard in Edgerton will be the largest in the region.
Kansas City is a major shipping hub. It’s the second largest rail hub, as measured by number of train cars, and by some measures, the third largest trucking center in the country.
All that freight flowing in and out of the Kansas City-area creates jobs for drivers, warehouse workers and others. Increasingly it comes in by train, and gets distributed from Johnson County by truck.