Good morning, this is Kansas City Local Pulse for December 7, 2024.
We're starting off with some major updates from around the city. The South Loop Project has seen a historic $31.4 million investment, with key contractor approval moving forward. This significant development is expected to bring new life to the area. Additionally, the city has disbursed over $70,000 in Back to Business Funds to support small local businesses, which is great news for our local economy.
In terms of job market news, Kansas City added more than 10,000 jobs in December compared to last year, according to the latest Bureau of Labor Statistics data. This expansion continues to tighten the labor market, with the region's labor force sliding from a record level in the middle of 2023. The current unemployment rate is at its lowest since the job market started to recover in April 2021.
Moving on to real estate, there have been notable commercial property sales and new development projects. The city is preparing for significant construction updates, including the South Loop Park project, which is going before the council. While we don't have the latest weekly median home prices and inventory levels, it's clear that Kansas City is seeing a surge in development.
From City Hall, we have updates on decisions that affect daily life. The city is gearing up for snow season, with the Snow Team equipped and the cold weather shelter opening. Additionally, KCI is preparing for record-breaking passenger traffic during the 2024 holiday travel season.
Weather-wise, it's getting colder, and we're expecting a chilly day today. Make sure to bundle up if you're heading out. The recent snowfall on November 30 marked the end of the 2024 KSHB 41 Snowflake Contest, so we're officially in winter mode.
In terms of new business activity, we've seen several openings and major changes. Twenty restaurants have been awarded $200,000 in outdoor dining grants, which is fantastic for our local dining scene.
Looking ahead to community events, there are several activities planned for the next few days. The Lee's Summit Social Services' Christmas store is set to provide gifts for children, and the Northland Clothing Center is calling out for donations to support families in need.
On the education front, we have some quick mentions. The University of Missouri-Kansas City plans to redevelop a plot of land near the new KC Streetcar stop, which is exciting news for the area.
For our feel-good community story, we're highlighting the Flourish KC furniture bank, which makes homes feel like homes for families in need. It's heartwarming to see such initiatives making a difference in our community.
Lastly, in our crime report, we have some significant incidents to note. There was a recent fire at 4337 Troost Ave, and the Miami County Sheriff reported a 15-year-old killed with a 16-year-old in custody. We urge everyone to stay vigilant and report any suspicious activity.
This has been Kansas City Local Pulse. We'll see you tomorrow with more local updates.