Missouri Minute: KCRise invests in 5 more companies; Columbia pushes for payday loan regulations

Here are today’s top business headlines from across Missouri:

KCRise Fund selects five more Kansas City-area companies for investment

Five more early-stage companies from the Kansas City area have been selected for investment by the KCRise Fund. The venture capital sidecar fund, founded last year to spur early-stage investment in local companies with high growth potential, announced its second funding round. Read more

Columbia City Council looks to tighten rules on payday lenders

The city of Columbia’s legal team will draft a bill calling for heavier regulations on payday loan companies. Regulations being pondered by the city are similar to those recently passed in St. Louis and Kansas City. Read more

Missouri House sends expanded abortion bill back to Senate

A much larger abortion bill is on its way back to the Missouri Senate, after the House loaded it up with more regulations Tuesday. That’s the opposite of the approach the upper chamber took last week, when it removed several items as a means of keeping Democrats from blocking the bill via filibuster. The bill passed the House 110-38 along party lines. Read more

Corporate Woods under contract for buyer, sources say

Corporate Woods, a 22-building, 2.2 million-square-foot office park in Overland Park, Kansas, is under contract, multiple sources are reporting. Some are reporting that the prospective buyer is Group RMC Corp., a New York based co-investment and management firm. It would be the firm’s second big purchase in that part of suburban Kansas City. Read more

Anxiety over GOP health bill grows in Missouri as it approaches Senate vote

As Senate Republicans work behind closed doors to draft the American Health Care Act, the bill being considered a replacement for the Affordable Care Act, some Missourians are scrambling for information. Members of disability advocacy groups, as well as elected officials, have called for open hearings on the bill since it passed the U.S. House of Representatives along party lines in May. Read more

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