Yoder’s Third District Job Fair this afternoon in Overland Park

U.S. Rep. Kevin Yoder, R-Third Dist., will hold his 10th job fair from 2 to 6 p.m. today, Sept. 24, at Johnson County Community College, Overland Park, Kansas.

The job fair is held in cooperation with Workforce Partnership. The first hour of the job fair will have special attention for veterans.

The job fair will help bring about face-to-face meetings between those seeking employment and employers who are currently hiring.

The job fair will focus on jobs available in manufacturing, advanced manufacturing, information technology and industrial technology.

Workforce Partnership and Kansas Department of Commerce staff will be available to discuss opportunities for training with certifications, paid on-the-job training and registered apprenticeships. Resume workshops will be available.

Job-seekers should dress for success and bring several copies of their resume. The job fair is free and no registration is required. There is no cost for employers, who may email area3@workforcepartnership.com.

The job fair is at Regnier Center, Capitol Federal Conference Room, JCCC, 12345 College Blvd., Overland Park, Kansas.

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Chamber plans business expo Sept. 27

The Kansas City, Kansas, Area Chamber of Commerce will offer “The Best of KCK and WYCO” Business Expo from 4:30 to 7:30 p.m. Thursday, Sept. 27, at Children’s Mercy Park, Kansas City, Kansas.

Regional businesses of all categories and sizes will be showcased at this event, according to a spokesman.

“We have more than 60 vendors registered and we are anticipating approximately 400 attendees for this event,” said Daniel Silva, president and CEO of the Kansas City, Kansas, Chamber of Commerce.

“We encourage the public to join us and celebrate all the great businesses impacting KCK and Wyandotte County, and to sample the unique ‘flavor’ of our business community,” he said.

Ticket prices are $10 for members, and $15 for non-members (tickets will be sold the day of the event but interested parties are encouraged to register online via KCKChamber.com). A ticket includes:
• Two drinks
• Heavy hor d’ oeuvres
• Free parking, courtesy of Nebraska Furniture Mart
• Giveaways and raffle prizes
• The opportunity to get a “taste” for our diverse and collaborative business community

Businesses represented range from large corporations to local non-for-profits, and from varying industries including local restaurants, health care providers, media companies, artists and banks, among many others.

Again this year, the KCK Chamber will incorporate an award component for booth participants. The booths will compete to win in three categories – Most Innovative Booth, Most Interactive Booth and Tastiest Booth.

To register for tickets, visit www.kckchamber.com or contact the KCK Chamber at 913-371-3070.

The presenting sponsor for the event is the Board of Public Utilities, and the event has several other sponsors.

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UG offers new investor platform

by Mary Rupert

The Unified Government recently reached out to investors through the BondLink website, a resource that connects investors to bonds that the UG is offering.

With more than $530 million in outstanding bonded debt, the UG is hoping to reach more investors in order to get the most favorable interest rates on bonds, according to Kathleen VonAchen, chief financial officer for the UG.

She said the UG is most concerned about the bonds that are sold in the primary market. Once those bonds are sold, investors may sell them to other investors on the secondary market, she added.

It’s to the UG’s advantage to get the lowest interest rate it can, and that is helped by having more investors looking at it, she said.

“More than 1,000 investors are registered on the website, from all over the country,” she added. That includes investors for other pages on the BondLink website, not just for the UG’s page.

VonAchen said that the UG has had no problems selling its bonds, it’s just adding the website page to improve the number of investors.

The last bond issue was for the Legends Apartments-Garage project, in June, and there were seven times the number of offers from investors than bonds they could sell, she said. The more investors that put in a bid, the lower the price, she added.

“By adding our information to the BondLink website, all these investors can see our information and be potential investors,” VonAchen said.

VonAchen said there are a number of projects that could turn into a bond issue in future months. There were a lot of projects approved in the CMIP (Capital Maintenance and Improvement Plan), she added.

When the UG issued temporary notes for general obligation bonds in February, the UG paid 3.26 percent when they were sold, she said.

The $26.8 million community improvement district sales tax revenue bonds sold near the end of May had an interest rate of 4.63 percent, she said, adding that a sales tax revenue bond is considered by the market to be more volatile than a property tax-backed bond.

There is always the potential that people will shift to bonds depending on how they feel about the stock market, von Achen said. If more people want to buy bonds, that is good for the sellers including the UG, since the interest rate is reduced.

At the end of May, the Federal Reserve increased interest rates 1 percent. The UG does everything it can to keep its interest rate low, she added. In August, the UG kept its interest rate the same, and two weeks after it sold the apartment-garage bonds, the Fed increased the interest rate, she said. Some analysts expect interest rates to increase twice more before the end of the year, she added. (Analysts’ projections are subject to change.)

“The bottom line is we’re trying to keep the cost of our debt as low as possible,” VonAchen said. “Whenever there’s a chance to refinance our current outstanding debt to get a lower interest rate, we do it, so we’re always looking at it. That website has a wealth of information.”

The new UG page on the BondLink website is at https://www.wycokckbonds.org/unified-government-of-wyandotte-county-kansas-city-ks-investor-relations-ks/i3601.

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