The interest rate table above illustrates recent changes in a sample of MBIS “investment grade” yields. Every issuer’s credit is different. For rates that may be applicable to your municipality, contact our Municipal Bond Advisors, Larry Kleeman and Beth Warren.

Miami County businesses will soon be able to apply for grants to help companies that have been affected by the COVID-19 pandemic. Small Business Working Capital (SBWC) grants are available for Kansas businesses with fewer than 500 employees, according to a news release posted on the state Department of Commerce website. The funds can be used to pay working capital expenses such as payroll, rent, mortgage insurance, utilities, inventory and other expenses, according to the release. Grants are to be awarded on a rolling (first-come, first-serve) basis until the funds are depleted, according to the state. Grant applications will be accepted beginning at noon Wednesday, Aug. 19, according to the release.

via The Miami County Republic

A new office is beginning to feel like home. That’s the case for Zach McHatton, who serves as economic development director for the City of Haysville. McHatton is finishing the chore of moving his office into the historic Vickers service station in downtown Haysville. The move is part of a shuffle that also saw the Haysville Chamber of Commerce move out of the building and into the historic bank building near the Haysville Community Library.
via Times-Sentinel Newspapers

Rural communities surrounding the south side of Wichita may one day find it easier to travel from one side of town to the other. An update on the ARC 95 plan was presented to the Clearwater City Council at the July 14 meeting. ARC 95 is a plan to construct a south Sedgwick County highway from Kellogg and Greenwich to 95th Street South, across 95th Street South to 119th Street West and back up …
via Times-Sentinel Newspapers

With plans for the Hoisington Labor Day celebration greatly scaled back this year due to concerns over COVID-19, the Hoisington Chamber of Commerce sent out a letter to donor friends this past week asking for their continued support this year and next through sponsorship of the 2021 celebration. In light of the Chamber’s importance to the city’s ongoing economic development, City Manager Jonathan Mitchell asked council members Monday night to consider increasing the usual financial support the city has routinely provided each year. “Giving $5,000 sets a really good example for our other businesses and organizations that are maybe wondering what to do with the chamber,” he said. “The chamber still needs the public’s help to remain viable.” The amount, Mitchell said, is significant but not so much so that others might put off giving as well.
via Great Bend Tribune

Even with coronavirus losses weighing heavily on state and city coffers, investors are piling back into municipal debt, hungry for yield and seeking more safety than the stock market can provide. Investors have put about $28 billion back into muni mutual funds since the end of April, according to Refinitiv Lipper, nearly 60% of the amount pulled during the height of the pandemic. Inflows have continued even as defaults rise. Universities, convention centers, student housing and senior living facilities are confronting significant disruptions to revenue, sending some into insolvency. As of July 31, there were a total of 50 municipal defaults, according to Municipal Market Analytics—the most since 2011. Public officials meanwhile have been hesitant toward taking on debt during economic uncertainty. New muni issuance is down nearly 2% this year, according to Refinitiv, even when including taxable bonds. Many borrowers are responding to the coronavirus hit by either cutting spending or coming to market to refinance existing debt at near-zero interest rates for savings.
Read more: Wall Street Journal.

“I love it. It speaks so much volume, complexity and community,” said Larry Alexander, who watched at large Rubik’s Cube being installed in the city park by the Newton train station at Fifth and Main. It drew attention Friday as a group of volunteers put in the public art installation that was supposed to be displayed at the Sand Creek Summer Daze — a festival originally scheduled for this weekend by canceled due to Pandemic COVID-19.
via Newton Kansan