One of Kansas City's newest venture capital firms has raised $2.8 million, according to a U.S. Securities and Exchange Commission filing.

Novel Growth Partners has secured 18 accredited investors to date and has set a $50,000 minimum investment from outside investors in an ongoing fundraising effort, according to the filing. Investors will receive equity and pooled investment fund interests.

Novel Growth Partners is targeting software companies in the Midwest with at least $500,000 in annual…

Commercial lending and employment trending up.

Maryland banks last year posted their largest profit in more than a decade, buoyed by an increase in loans and assets.

The state's 50 banks insured by the Federal Deposit Insurance Corp. posted a profit of $342 million in 2017, up less than 1 percent from $340 million a year before. The yearly profit is the highest mark since $646 million for 2006, at the height of the real estate market.

The bank's closed 2017 with total assets of $40.6 billion, up less than 1 percent from $38.5 billion a year…

Russell Goldsmith sat down with the Washington Business Journal at the bank's new D.C. regional center.

Alabama ranked No. 2 in 2018 for the lowest property taxes in the U.S. and No. 28 for lowest vehicle property taxes.

That’s according to a study by WalletHub that compared the 50 states and the District of Columbia by using U.S. Census Bureau data to determine real estate property tax rates.

According to the study, the average American household spends $2,197 on property taxes for their homes each year, based on statistics from the U.S. Census Bureau.

The study found Alabama has an effective…

Charlotte-based software company AvidXchange Inc. is implementing an expansive system update through the Clearwater, Fla.-based TOPS Software to benefit clients within the Homeowner Association and Condo Association Managers.

TOPS [ONE] is an accounting and property management system that moves customers and suppliers over to digital and mobile platforms. The new system is expected to eliminate paperwork in accounts payable and offer functionality and real-time visibility to the accounting process,…

The new tax law led to losses at some banks nationally and locally, but overall industry performance was positive, according to the chairman of the FDIC.

The Kansas City area has a lot of work to do if it is going to surpass peer cities in the competition for economic growth.

KC Rising's latest update on efforts to boost the region's business competitiveness shows the area has lost ground on all three of its main measures — gross domestic product, number of quality jobs and median household income. The initiative compares Kansas City's standing with that of 15 cities above and 15 below it in terms of population.

The city's best ranking is in…