Business

Intersection
7:06 pm
Mon January 7, 2013

Development in downtown Columbia

Watch the show and join the conversation on the Intersection website.

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Business
4:15 pm
Thu January 3, 2013

Releases into the Missouri River will be decreased

Missouri River
Credit KBIA

The amount of water released into the lower Missouri River will be decreased this month because warmer weather has reduced ice concerns.

The U.S. Army Corps of Engineers said Thursday it will gradually reduce the amount of water it releases out of Gavins Point dam on the South Dakota-Nebraska border to 14,000 cubic feet per second.

That's a decrease of 4,000 cubic feet per second from the releases being made over the past two weeks.

The change is not expected to make much difference in water levels downstream in the Missouri or Mississippi rivers.

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Business
2:48 pm
Thu January 3, 2013

Drought Puts The Squeeze On Already Struggling Fish Farms

Catfish swim in a tub outside the Osage Catfisheries office.
Kristofor Husted KBIA News

Originally published on Thu January 3, 2013 5:10 pm

This year's drought delivered a pricey punch to US aquaculture, the business of raising fish like bass and catfish for food. Worldwide, aquaculture has grown into a $119 billion industry, but the lack of water and high temperatures in 2012 hurt many U.S. fish farmers who were already struggling to compete on a global scale.

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Business Beat
5:04 pm
Wed January 2, 2013

Checkoff beef and fiscal cliff (for now)

Credit File Photo / KBIA

Did you feel that pullback January 1st? That was Congress finally passing a compromise bill to prevent the country from careening off the fiscal cliff. In the early hours of 2013, the Senate passed the bill. And much later that day, the House passed it.

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Business
9:50 am
Wed January 2, 2013

2012 brings profit for Jefferson City's historic prison tours

Credit Samantha Sunne / KBIA

Tours of the old Missouri State Penitentiary in Jefferson City are becoming profitable – according to a report from the Jefferson City News Tribune.

The newspaper reports visits to the former prison generated more than $275,000 dollars in revenue during the year 2012. That's nearly $35,000 more than the cost of operating the tours.

Jefferson City’s Convention and Visitors Bureau says more than 19,000 people toured the old prison during the past year. Ticket sales accounted for most of the revenue.

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Business
3:40 pm
Mon December 31, 2012

Record venison donations to food program

A statewide effort to share extra venison taken by deer hunters is bringing in record donations.

The St. Louis Post-Dispatch reports the program, called Missouri's Share the Harvest, is on track to distribute 400,000 pounds of donated meat.

The program allows deer hunters to donate the venison when they take deer to food processors. The venison is distributed through regional and local food pantries.

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Business
5:27 pm
Fri December 28, 2012

Mississippi River's low levels could affect commerce

Mississippi River levels are dropping thanks to ice up north.
Credit Brett Ciccotelli / Flickr

The Mississippi River's water level is dropping again and barge industry trade groups warn that river commerce could essentially come to a halt by mid-January. Ice on the northern section of the Mississippi is reducing flow more than expected.

The Coast Guard remains confident that the nation's largest waterway will remain open despite the worst drought in decades.

But even if the Mississippi remains technically open, Deborah Colbert of the Waterways Council, a barge industry trade group, says further load limits will make shipping unviable by mid-January.

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Business
3:01 pm
Thu December 27, 2012

Program teaches financial lessons to foster care youth

Not all foster care kids have the resources to learn about the financial skills necessary to survive post-care.
Credit File Photo / KBIA

Foster care can be difficult for many reasons: stress on the family, forced assimilation into a new environment for the child and a lack of resources can create problems for those in the system. But what you don’t always hear about is what happens to the kids who age out of the system at 18.

These teenagers are often thrown into an adult world with adult problems, including how to make ends meet. But, one St. Louis foundation is helping teach the former foster children the financial lessons to succeed after foster care.

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Business Beat
2:46 pm
Thu December 27, 2012

Grappling with beef waste; fostercare kids learn financial lessons

Foster care kids learn how to budget with the help of a St. Louis program.
Credit images_of_money / Flickr

Had a hamburger lately? The cow it came from likely passed through a feedlot – a huge farm that fattens cattle before they’re slaughtered. The thousands of cattle housed at a feedlot produce tons and tons of waste. That manure can be used as a valuable fertilizer. But if it’s not properly disposed, it could lead to an environmental disaster. In Day 4 of Harvest Public Media’s series, America’s Big Beef, Jeremy Bernfeld reports.

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Business
8:04 am
Wed December 26, 2012

New year brings minimum-wage increase in Missouri

Credit quinn.anya / Flickr

On January 1st, 10 states, including Missouri, are scheduled to raise the minimum wage. Missouri’s minimum wage will jump up by 10 cents to $7.35 per hour. And, the pay increases could provide a nice bump in the state’s economy.

The minimum-wage increase comes after state voters approved a 2006 proposition to keep the minimum wage at a rate matching the growing cost of living.

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PM Newscasts
4:12 pm
Fri December 21, 2012

Newscast for December 21, 2012

Regional news coverage from the KBIA newsroom, including:

  • Former Congressman Wendall Bailey throws his hat in the ring to replace Jo Ann Emerson
  • Mamtek investors will begin getting a small portion of their money back
  • The MU athletic department gets a pledge of $6.4 million over the next 10 years
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Business
3:28 pm
Fri December 21, 2012

Mamtek investors to get small portion of money back

A bank says that most investors in the failed Mamtek factory project in Moberly will soon begin receiving small payments from a recent auction of the company’s equipment.

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Business Beat
4:24 pm
Wed December 19, 2012

America's next top beef cow

Thousands of years of selective breeding went into producing the best beef possible. Now, that's changing.
Credit Adam Kuban/flickr / http://www.flickr.com/photos/slice/482963344/

Columbia City Council is considering an ordinance that would put a temporary abeyance on demolition permits in downtown Columbia. This comes on the heels of a petition to demolish the oldest building downtown. KBIA’s Ryan Famuliner has a report on the zoning classification the council is looking at.

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Business
3:52 pm
Wed December 19, 2012

Columbia's City Council reexamines downtown zoning classification

The ordinance was introduced after a demolition permit was filed for the Niedermeyer building in downtown Columbia.
Credit Ryan Famuliner / KBIA

Columbia City Council is considering an ordinance that would put a temporary abeyance on demolition permits in downtown Columbia. This comes after a petition to demolish the oldest building in downtown Columbia to possibly make way for high-rise student housing. 

City development services manager Pat Zenner says the petition to demolish the 175-year-old Niedermeyer building at 10th and Cherry downtown theoretically could be approved in a matter of weeks.

"Basically, the applicant has made a legitimate request to demolish a building,” he tells KBIA.

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Business
8:12 am
Wed December 19, 2012

Army Corps plans release of water on Missouri River

Credit KBIA

After weeks of lobbying, the Army Corps of Engineers now plans to release extra water from reservoirs upstream on the Missouri River. But the releases are not for the benefit of downstream navigation on the Mississippi.

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PM Newscasts
5:53 pm
Tue December 18, 2012

Newscast for December 18, 2012

Regional news from the KBIA Newsroom, including:

  • Continued growth forecast for Missouri revenues
  • Missouri unemployment rate hits 49-month low, but there's s catch
  • City Council to consider suspending demolition permits in downtown Columbia
  • After precautionary lockdown, CPS reports students and staff safe
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Business
8:57 am
Tue December 18, 2012

Army Corps moves forward on scheduled rock blasting

Credit Jacob McCleland / KRCU

The Army Corps of Engineers will begin blasting Mississippi River rock outcrops later today, and the rocks could impede barge traffic south of Cape Girardeau near Thebes, Illinois.

Corps officials originally planned to start this work in late January. Instead, they began this weekend. Contractors are already scraping off the tops of the underwater rocks. Today, they will drill holes and fill them with explosives, according to spokesperson Mike Peterson.

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Business
5:42 pm
Fri December 14, 2012

State tax credit commission scales back recommendations

Missouri Governor Jay Nixon’s Tax Credit Review Commission has released its revised list of recommendations.  Some of the original recommendations have been scaled back: The new list calls for shrinking the cap on Historic Preservation tax credits to $90 million a year, instead of $75 million, and reducing the cap on Low Income Housing to $135 million instead of $80 million.  Former GOP Senator Chuck Gross co-chairs the commission. 

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12:26 pm
Fri December 14, 2012

Revisiting guns in Missouri

Lead in text: 
With the shooting in Connecticut this morning and one in Portland, Or., a few days ago, it's likely that guns and gun laws will start to come back into the public conversation. After the shootings in Aurora, Calif. earlier this year, KBIA took a look at the business of gun retail in Missouri.
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Business
8:13 am
Fri December 14, 2012

Judge denies Mamktek CEO lower bond

Flickr steakpinball

A Randolph County judge has refused to lower the $500,000 cash bond for the former CEO of a failed factory project in Moberly who is facing felony fraud charges.

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Business
6:04 pm
Wed December 12, 2012

REDI to Columbia city council: rescind EEZ ordinance

The columbia City Council unanimously passed a measure creating the EEZ Board.
File KBIA

Columbia’s economic development leaders are officially asking the Columbia City Council to effectively drop the effort to create an enhanced enterprise zone, or EEZ, in the city.

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Business
5:30 pm
Wed December 12, 2012

Regulators approve $260M rate increase for Ameren

ForwardSTL

Missouri utility regulators have approved a $260 million rate increase for electric customers of Ameren Missouri.

The rate increase approved Wednesday could mean an extra $10 a month on an average residential bill when it takes effect in January.

It's intended to cover such things as the utility's rising fuel costs, infrastructure improvements, vegetation trimming and storm repairs.

About $90 million of the rate increase will go toward energy efficiency programs that could ultimately save money for residents and businesses.

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Business Beat
4:34 pm
Wed December 12, 2012

Big business for beef and (hopefully) for Columbia

University researchers now often team up with big beef businesses.
Credit Hilary Stohs-Krause / NET

Over the next four weeks, Business Beat will be airing the remaining pieces of the Harvest Public Media series called America’s Big Beef: An Industry In Transition.

To kick off the series, we have to go back 150 years when Abraham Lincoln established the land-grant colleges where research could be done to help the common man. But Peggy Lowe of Harvest Public Media reports that today public colleges in the top five beef-producing states are now often working for big business.

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Business
8:31 am
Fri December 7, 2012

New Chamber of Commerce Director taking over in Callaway

On January 1st, Claudia Starr will take over as the new executive director of the Kingdom of Callaway Chamber of Commerce.

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Business
5:00 pm
Wed December 5, 2012

St. Louis Trade Delegation In China Renews Air Cargo Hub Efforts

Jason Van Eaton, Kit Bond Strategies

Originally published on Thu December 6, 2012 11:43 am

Missouri and St. Louis-area leaders are wrapping up a trade mission to China this week designed to revive the so-called China Hub project.

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Business Beat
3:40 pm
Wed December 5, 2012

Weathering the recession, drought

There may not be much corn to sell in 2013, but other grains are set up to carry some of the load.
Credit jungmoon / Flickr

In recent months, a fairly severe drought and a slowly recovering economy have thrown food businesses for a loop.

Coming up we’ll listen in on a conversation Abbie Fentress Swanson had with President Barack Obama’s top agriculture guy about the looming dip in corn exports. But first, some businesses have been able to weather the storm better than others. Jennifer Davidson has this report about one successful shop in West Plains.

Now, things aren’t so peachy for everyone in the food industry. Clearly.

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Business
3:29 pm
Wed December 5, 2012

Organic shop weathers the recession storm

Spices line the shelves at the Meadowbrook Natural Foods store in West Plains.
Credit Jennifer Davidson / KSMU

On East Main Street in West Plains, Mo., a stone’s throw away from the quaint town square, Meadowbrook Natural Foods sits sandwiched between an insurance agency and a title company. When you step inside, the aroma of spices, herbs, and vitamins hits you.

This store is owned and run by Joe and Adele Voss, who met later in life as random partners at a square dancing lesson.

“We’ve got baking items and snack items and pastas and grains and flours and cereals and nuts and dried fruits and beans and spices and herbs...” says Adele Voss.

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Business
5:13 pm
Tue December 4, 2012

November general collections report

Missouri’s November general collections report show a 6.0 percent increase of revenue compared to November of last year.

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Business
4:45 pm
Tue December 4, 2012

Heibel-March building may be renovated

Credit File Photo / KBIA

The historic Heibel-March building may finally be getting a face lift.

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Business
9:27 am
Tue December 4, 2012

State House proposal would ban 'Black Friday Eve'

Credit Dale Muckerman / flikr

A proposal in the Missouri House would make it illegal for retail stores to open for business on Thanksgiving Day.  It’s one of several bills pre-filed Monday by state legislators ahead of next year’s regular legislative session.  The proposal is sponsored by Democrat Jeff Roorda of Jefferson County.  He says it’s in response to the ongoing push by retailers to open for business on nationally-recognized holidays: “It’s Thanksgiving Day, it’s not Black Friday’s Eve…it’s just silly what these retailers are doing to the families of folks that work for them…(it’s) supposed to be about family an

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