Economic Outlook presenters upbeat for Reno County despite challenges

Presenters at an Economic Outlook Conference in Hutchinson Wednesday described as “bullish” and “optimistic” the short-term outlook for Reno County and the region, thanks in part to nearly full employment and pent-up demand. While there are no quick fixes to many of the challenges that local businesses and the community seem to perpetually deal with in attracting or expanding businesses – including housing and childcare – the community continues working to figure out how to handle with them. But finding workers — one of the problems most oft-cited by local employers and which recently has become acute — is something business owners need to “look in the mirror” to address, said Hutchinson / Reno County Chamber of Commerce President Debra Teufel.
Source: Hutch News

2022-02-07T07:25:30-06:00February 7, 2022|News|

Kansas’ largest pizza manufacturer is expanding, bringing hundreds of jobs and boosting state economy

One of Salina’s largest industries is expanding. Along with bringing more jobs to central Kansas, this expansion will have a ripple effect throughout the Sunflower State. Schwan’s Company buys flour from Kansas mills, sausage from Tyson in Hutchinson and packaging supplies from a vendor in the Kansas City, Kansas area. By increasing the company’s footprint in Salina, they are increasing goods that they already buy from vendors in Kansas. The pizza’s coming out of the Salina plant, Tony’s and Red Barron, are ranked second in the U.S. frozen-pizza market and first for school pizza.
Source: Salina Journal

2022-02-07T07:24:00-06:00February 7, 2022|News|

Court to decide if law protects officer who aimed at dog but shot girl

The Kansas Supreme Court will rule whether the state’s “stand-your-ground” law protects a fired Wichita police officer who claimed self-defense immunity after shooting a girl when aiming for a dog. The ruling is likely to have wide ramifications, both for potential prosecutions in police use-of-force cases and for any situation where a shooter can claim they feared for their safety. Lower court rulings in favor of the officer have already been used as reasons not to charge other law enforcement officers in use-of-force cases.
Source: CJonline

2022-02-07T07:22:41-06:00February 7, 2022|News|

Sunflower Ammo redevelopment plan survives challenge from Johnson County leader

The latest plans to redevelop the former Sunflower Army Ammunition Plant into a massive new industrial business center survived a challenge this week from one Johnson County leader critical of a major tax incentive component of the project. The vote by a majority of the Board of County Commissioners on Thursday to support the project effectively clears the path for a series of construction and tax incentive plans to advance this spring, which officials hope will bring the first substantial construction at the contaminated former U.S. Army site since it made rocket propellant during the war in Vietnam. The new plans, led by the city of De Soto and the Sunflower Redevelopment company, envision bringing 10 million square feet of new industrial and light manufacturing space to thousands of acres on the site that are poised to receive their final environmental cleanup certifications this year.
Source: KC Star Local News

2022-02-07T07:19:52-06:00February 7, 2022|News|

Fed could hike at all seven remaining meetings this year, Summers says

Former U.S. Treasury Secretary Lawrence Summers said investors need to brace for the Federal Reserve to potentially raise interest rates at all seven remaining policy meetings this year and even for it to hike by more than a quarter point in one go. “Markets have to be prepared for a rate hike in every meeting and they have to be prepared for the possibility that, as the inflation process continues, we might need to have meetings with more than a single 25 basis point rate hike,” Summers told Bloomberg Television Friday. The Fed is “behind the curve” and anyone not open to considering that policy makers will boost rates at consecutive meetings through year-end is “underestimating the range of possibilities,” said Summers, a Harvard University professor and paid contributor to Bloomberg.
Source: The Bond Buyer

2022-02-07T07:19:20-06:00February 7, 2022|News|

City Administrator reflects on Humboldt gas crisis as anniversary approaches

The fallout from a crippling ice storm last February had far-reaching ramifications for the city of Humboldt. As a result of wind chill warnings and stress to natural utility lines, Kansas Governor Laura Kelly declared a State of Disaster Emergency last Feb. 14. Eight days later, the Humboldt City Council declared a State of Financial Emergency. The city’s bill for the month of February soared to $1.6 million, dwarfing its monthly projected budget of $35,000 – as well as the $375,000 annual budget. The Kansas legislature ultimately passed legislation bailing out a number of municipalities that experienced the gas price crunch. Had it not been for the legislation, Humboldt was eying imminent bankruptcy. The $1.5 million loan received from the state is to be paid over a 10-year period at a fixed .25 percent interest rate, and has increased gas rates by approximately $2 per unit. Humboldt City Administrator Cole Herder said that the winter snowstorm that swept through this week did not remotely compare to the drastic events of last February. Even if the city had not been slammed by the 2021 ice storm, Herder said citizens would still be faced with rising gas bills.
Source: Derby Informer

2022-02-07T07:18:46-06:00February 7, 2022|News|

Labette Co. leaders look to restore economic recovery to pre-covid conditions

It’s a time of economic recovery across Kansas. But while some have returned to pre-pandemic conditions, others haven’t. It’s getting close in Labette County, and now officials are looking at the final steps to continue the comeback. “Reports show that Parsons and Labette County are right, almost where we were pre-COVID,” said Jim Zaleski, Parsons Economic Development Director. While unemployment may have jumped to almost 9% in Labette County at the start of the pandemic, it’s almost back to normal, now sitting at around three and a half percent according to Wichita State University.
Source: KSNF/KODE

2022-02-07T07:17:25-06:00February 7, 2022|News|

New plans for Mission Gateway aim to restart long-troubled project from ‘square one’

A new plan aims to jump start the long-troubled Mission Gateway development a month after it missed a critical construction milestone, forcing its developers back to “some version of square one” almost 16 years after the project first began. Should Mission city leaders agree to pursue the newest iteration of the long-running redevelopment plan this spring, developer Tom Valenti suggested construction could resume as soon as the beginning of 2023 — almost three years after work stopped on the property. But city officials frustrated by years of false starts appeared to remain skeptical during Valenti’s first pitch of the new version of the project this week.
Source: KC Star Local News

2022-02-07T00:58:52-06:00February 7, 2022|News|

Riley County appraiser says home values could increase 10% to 14%

Riley County appraisers say single-family homes in Manhattan and immediate surrounding areas could see a 10% to 14% increase in their taxable property values this year. Riley County Appraiser Greg McHenry told The Mercury on Friday about the potential level of increases. He said the housing supply is not meeting the demand in Manhattan, and residents are willing to pay more for a home. McHenry on Thursday updated the county commission on the local real estate market. County appraisers annually provides new valuations for all properties.
Source: themercury.com

2022-02-07T07:14:49-06:00February 7, 2022|News|
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