Business

Business
8:45 am
Fri August 3, 2012

KCP&L plans new transmission line in NW Mo.

kcpl.com

A Kansas City company has announced plans for a $400 million high-power transmission line in northwest Missouri.

The St. Joseph News-Press reports that Kansas City Power and Light will partner with the Omaha Public Power District to build the 150- to 190-mile transmission line. The precise route hasn't been determined, but the line is intended to connect Sibley, Missouri with Nebraska City, Nebraska.

The company says planners will spend the next year identifying the possible routes. Officials hope to have the transmission line in service by June 2017.

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Business
8:54 am
Thu August 2, 2012

Mo. small businesses eligible for federal aid

sba.gov

Missouri businesses directly harmed by the summer heat and drought can get low-interest loans through the U.S. Small Business Administration.

Small nonfarm businesses, agricultural cooperatives and nonprofit organizations are eligible for up to $2 million for expenses caused by the drought. The deadline for loans is March and applications can be submitted online at https://disasterloan.sba.gov/ela/.

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Business Beat
6:06 pm
Wed August 1, 2012

Entrepreneurship increases in economic recession, new study says

Maria Figueroa-Armijos is a doctoral student in the University of Missouri Truman School of Public Affairs
University of Missouri

Microsoft, Staples, and SouthWest Airlines.

What do these companies have in common? Yes, they're big companies, they employ a lot of people and they're successful. But here's one more thing--all of these companies were created in a period of economic downturn.  The Fortune 500 is littered with stories like this.

Business Beat spoke with Maria Figueroa-Armijos who's one of the authors of a new study which suggests that certain types of entrepreneurs are on the rise and it’s not in spite of the recession--it’s because of it.

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Business
9:16 am
Tue July 31, 2012

Columbia Airport adds flights to Atlanta

www.flymidmo.com KBIA

Beginning in September, most flights from Columbia Regional Airport will fly to Atlanta, rather than Memphis.

Currently, Delta Air Lines offers one daily flight to Atlanta and the rest of the flights go to Memphis.

Delta said Monday that starting Sept. 5, the morning flight Sunday through Friday will go to Memphis, while the midday and evening flights will go to Atlanta. On Saturdays, the morning and afternoon flights will go to Atlanta.

Business
5:19 pm
Fri July 27, 2012

Mo. Attorney General investigates price gouging among well drillers

the Missouri Attorney General's Office

The Missouri attorney general's office is investigating reports that water well drillers may have been taking advantage of landowners hit hard by drought.

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Global Journalist
6:36 pm
Thu July 26, 2012

Journalists visit MU as part of cultural exchange program

Global Journalist was joined by four mid-career journalists from four vastly different countries: Kenya, Pakistan, Malaysia and South Africa.

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6:19 pm
Thu July 26, 2012

KOMU's Sarah Hill leaves station, joins up with Veterans United

Lead in text: 
Sarah Hill is a respected television journalist, but it's her social media savvy that Veterans United Home Loans wants. The company has been growing at an incredible rate in recent months, snatching up high level employees from local organizations like like Car Fax, Williams-Keepers and the Department of Economic Development
Longtime KOMU reporter and anchor Sarah Hill is making a familiar career move at the end of August: She's taking a job at Veterans United Home Loans. Hill is the latest Columbia notable to move to the fast-growing lender that specializes in VA-backed mortgages and is known for its online marketing.
Business
5:53 pm
Thu July 26, 2012

Columbia public-housing residents share concerns with housing authority

Concerned citizens and housing residents in Columbia gathered Wednesday night, July 25, to share concerns about the Columbia Housing Authority's strategic plan.
Abby Spudich KBIA

Columbia public housing residents are raising concerns about the Columbia Housing Authority’s plan to renovate current housing and add more units as part of its long-term strategic plan.

At a meeting Wednesday night hosted by Grass Roots Organizing, Columbia Public Housing CEO Phil Steinhaus discussed possible renovations to current public housing units as part of its plan.

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Business Beat
4:41 pm
Wed July 25, 2012

Following the Arkansas River to track the drought

Water is low in the Arkansas River in Colorado this year, making the raft trip through Royal Gorge slower, and bumpier, than normal.
Frank Morris Harvest Public Media

This week on the show: Harvest Public Media’s Frank Morris follows the river to show the impact of this year’s drought.

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Business
4:40 pm
Wed July 25, 2012

Drought brings misery to Arkansas River basin

Dan Henrichs, a cattle rancher on the High Line Canal in Avondale, Colo., is also the local ditch superintendent. Most irrigation canals near his ranch have run dry
Frank Morris Harvest Public Media

Drought has set in early and hard across the Midwest, parching the Arkansas River basin. The river trickling out of the mountains is dry before it reaches some of the major agricultural uses downstream. And the drought is torching crops, sapping tourism and threatening supplies of drinking water.

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Business
8:16 am
Wed July 25, 2012

Columbia NBC-affiliate KOMU purchases online-coupon company

KOMU purchased the mid-Missouri franchise of The Holos Network
www.holosnetwork.com

Local NBC affiliate KOMU has purchased The Holos Network, a daily deals company that offers online coupons.  

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Business
8:22 am
Fri July 20, 2012

After GSA scandal and cancellation, Missouri hotels scrambling to fill over 11,000 rooms

Originally published on Thu July 19, 2012 4:52 pm

A scandal that erupted in April over lavish spending by the General Services Administration, the government's logistics provider, is leaving hotels in St. Louis scrambling to fill rooms.

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Fort Leonard Wood
8:27 am
Thu July 19, 2012

Fort Leonard Wood building honors female soldier

usmilitary.about.com

Fort Leonard Wood is dedicating a new building in honor of Missouri's first female soldier killed by hostile fire.

The south-central Missouri Army base says a memorial plaque honoring Sergeant Amanda Pinson of St. Louis will be formally unveiled during a ribbon-cutting ceremony July 26th for the new Training Support Center.

Pinson was 21 in March 2006 when a mortar exploded in the central Iraq city of Tikrit, killing her and 22-year-old Specialist Carlos Gonzalez of Middletown, New York. Both were based at Fort Campbell, Kentucky.

Business
8:09 am
Thu July 19, 2012

Investors, management to buy cable co. Suddenlink

suddenlink.com

The company that runs the St. Louis-based cable provider Suddenlink Communications has agreed to sell itself to its management and other investors who will invest about $2 billion in the company.

Investors BC Partners and the Canada pension plan's CPP Investment Board are joining with Suddenlink managers including Chairman and CEO Jerry Kent in the deal to buy Cequel Communications Holdings L.L.C.

Cequel's previous ownership group included Goldman Sachs Capital Partners, Quadrangle and Oaktree Capital Management. The deal values the company at $6.6 billion, including debt.

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Business Beat
5:42 pm
Wed July 18, 2012

Keeping cows cool: serious stuff

The "Thermal Aid" app, on an iPhone.
Scott Pham KBIA

It’s going to seem like this week’s show is all about keeping cows cool, and it kind of is, but keep in mind this is a serious threat to agriculture in Missouri, and thus, the overall economy in the state.

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Utilities
9:04 am
Wed July 18, 2012

Mo. regulators review electrical grid security

Missouri Public Service Commission website

Missouri utility regulators are reviewing the cyber security practices of electric utilities.

The Public Service Commission says it is asking power companies 47 detailed questions about protections to shield the electrical grid against hackers. Regulators say they are not aware of any possible problems.

Requests were sent to Ameren Missouri, Kansas City Power & Light Co., KCP&L-Greater Missouri Operations Co. and The Empire District Electric Co. The commission is seeking responses by the end of August.

Business Beat
6:27 pm
Wed July 11, 2012

New app aims to help connect Columbia Transit, riders

A screenshot from Columbia Transit, a new iPhone app for the Columbia bus system.
Dave Oster Rockupied

This week: an app may help the Columbia Transit system deal with an unengaged ridership. Plus, Harvest Public Media looks at the lasting impact of the Homestead Act.

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Business
6:21 pm
Wed July 11, 2012

Soon you can app your route on Columbia Transit

A screenshot from Columbia Transit, a new iPhone app for the Columbia bus system
Dave Oster Rockupied

Big budget deficits and low ridership keep the Columbia Transit system searching for new ways to boost support.  One unusual place they’re looking is the League of Innovators, a group of tech-oriented entrepreneurs.

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Transportation
2:21 pm
Tue July 10, 2012

MoDOT awards $111 million contract to rebuild Missouri River bridge

Originally published on Tue July 10, 2012 1:32 pm

Two familiar names in St. Louis construction have won a Missouri Department of Transportation contract to rebuild the Daniel Boone Bridge, which carries Interstate 64 across the Missouri River at Chesterfield.

Alberici Enterprises and Walsh Construction will start on the $125 million project in early 2013. The construction portion of the contract totals $111 million.

MoDOT director Kevin Keith called it a great day for his department and the region, saying St. Louis and St. Charles counties are getting a lot from the contract.

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Business
10:16 am
Mon July 9, 2012

Columbia, MU drop out of proposed broadband group

Columbia City Hall
File KBIA

The city of Columbia and the University of Missouri are dropping out of a national effort to bring extremely high-speed broadband networks to research university communities.

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Business
8:57 am
Mon July 9, 2012

Joplin council to consider tornado recovery plans

Joplin after the tornado
KBIA File photo

A master planner hired to guide Joplin's recovery from the deadly May 2011 tornado plans to present his first slate of projects to city elected leaders Monday night.

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Business
8:59 am
Fri July 6, 2012

Mo. insurers to issue nearly $61M in refunds

Under a provision in the federal healthcare law, Mo. insurers will pay nearly $61 million to Missourians.
Jacob Fenston KBIA

Some of Missouri's largest insurance companies will be refunding consumers almost $61 million this month under a provision of the federal healthcare law. Insurers who failed to spend at least 80 percent of premium-dollars on medical care and quality improvement have to repay the difference to consumers.

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Business Beat
4:16 pm
Wed July 4, 2012

Flying overseas - to look at wheat?

Tunde Adebayo, an executive with a Nigerian flour mill, traced the path of U.S. wheat exports on a recent tour of the Midwest.
Jeremy Bernfeld Harvest Public Media

Visits from foreign buyers play a role in sustaining certain agriculture markets in the Midwest. Plus, educators, designers and engineers team up to try to fund the next big innovation for small farms.

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Business
4:51 pm
Mon July 2, 2012

Economy slowing in 9 Midwest, Plains states

Peggy Lowe Harvest Public Media

A new monthly survey suggests the economy in nine Midwest and Plains states will continue to slow down but continue growing even as Europe's woes persist.

The region's overall economic index dipped to 57.2 in June from May's 57.6 and April's 60. Any score above 50 suggests growth.

Creighton University economist Ernie Goss says businesses in the region are still benefiting from healthy farm income and exports, but the activity is slowing.

Global economic problems are hurting export orders.

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Business
11:32 am
Thu June 28, 2012

Talks continue about resuming rail service between Mexico and Fulton

Conversations about reestablishing service on the 27-mile rail line between Mexico and Fulton have been ongoing for the past decade. The line has been out of service since the late 1990’s when it failed to generate enough business to stay running. In 2007 the project became more feasible when new owner Mike Williams showed an interest in developing the line. President of the Fulton Area Development Corporation Bruce Hackmann says progress has been made but many details of the project remain unsolved.

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Business Beat
5:23 pm
Wed June 27, 2012

You've heard of ethanol, but what about enzymes?

A fermentation tank
Grant Gerlock for Harvest Public Media

This week on the show: an enzyme factory aims to be a big part of the ethanol industry, and a business incubator in Columbia lands a state tax credit.

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Business
4:46 pm
Wed June 27, 2012

Columbia business incubator awarded tax credits

The Missouri Department of Economic Development awarded state tax credits to five small business incubators on Monday. The Life Science Business Incubation Center in Columbia was awarded a $100,000 in tax credits.

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Business
10:32 am
Mon June 25, 2012

Missouri joins job network to connect students to careers

Missouri students are expected to see a change in career guidance in school as part of a new initiative to better prepare students for their future. Missouri is one of six states that joined the Pathways for Prosperity Network this week.

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Business
8:34 am
Mon June 25, 2012

Columbia regional airport moves toward goals

Pylon 575 Flckr

Columbia Regional Airport is getting close to its goal of raising a half a million dollars from the private sector. The money would be used to try to land another connecting flight to the airport.

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Business
1:32 pm
Thu June 21, 2012

Columbia nonprofit gets praise from Housing Authority

Located in and around the J.W. “Blind” Boone Community Center downtown, the Moving Ahead program aims to nurture resiliency to substance abuse and gang involvement in Columbia’s youth. Along with doubling their enrollment and receiving its State Licensing this year, teacher reports from April indicate impressive academic performance from the students. CEO of the Columbia Housing Authority, Phil Steinhaus says he attributes the program’s success to a grant they received from the Department of Elementary and Secondary Education.

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