Business

Business
5:18 pm
Thu May 31, 2012

MU has high hopes for COU-Atlanta flight beginning next week

MamaGeek Wikimedia Commons

Columbia Regional Airport is starting its daily, non-stop service to Atlanta one week from today. The University of Missouri believes the new flight could open up opportunities for future enrollment. MU Senior Associate Director of Admissions Chuck May says the flight offers a direct connection to one of the busiest airports in the world.

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Business Beat
5:26 pm
Wed May 30, 2012

Farmers stick with corn despite challenges

Clay Masters Iowa Public Radio

This week on the show: Columbia’s City Manager talks about the direction of the local economy. Plus, farmers continue to plant corn despite failing efforts to combat rootworm.

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Business
4:45 pm
Wed May 30, 2012

Missouri Gaming Commission chairman to step down

Jim Mathewson, the chairman of the Missouri Gaming Commission will step down Friday. Matthewson chose not to stay for a second three-year term in order to spend more time with his family.

During Mathewson’s tenure with the Gaming Commission, Missouri’s 13th casino license was awarded to developers in Cape Girardeau and disassociated gamblers were provided a pathway to reinstatement.  He says the main challenge now is raising enough revenue to help K-through-12 schools.

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Business
4:25 pm
Wed May 30, 2012

Columbia activists fight urban blight label

A city of Columbia's effort to classify certain neighborhoods as blighted to help businesses secure tax credits continues to draw fire from local activists.

The "blight" label is required by the state Department of Economic Development to create Enhanced Enterprise Zones. The zones are distinct areas where businesses can receive tax breaks in return for adding new facilities or jobs.

Opponents say the label will lower property values and could make it easier for local government to seize property under eminent domain laws.

Business
9:03 am
Wed May 30, 2012

Columbia poverty rate above national average as Matthes delivers state of the city report

Columbia's poverty rate stands at 23 percent--nine percent above the national average.
File KBIA

The latest Columbia state of the city address reports mixed emotions about the city’s economic situation.

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Business
5:58 pm
Mon May 28, 2012

Construction to resume on burned apartments

Mark Nanneman paints the rubble of the burned Brookside on College apartment complex on Monday. Nanneman says he paints “en plein air,” a French style where the artist paints outdoors.
Lukas Udstuen KBIA

Columbia Fire Department investigators are looking into the cause of a three-alarm fire at the Brookside on College apartment complex. Sunday’s fire caused millions of dollars in damage, destroying most of the still-under construction apartments, but the owners plan to rebuild.

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Business
8:57 am
Mon May 28, 2012

Mo Transportation Department trims mowing budget

Doug Bradley Photography Flickr

Missouri drivers may notice a change in the landscape along roadways and medians later this summer — more grass.

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Business
2:36 pm
Sun May 27, 2012

Months before completion, fire engulfs Brookside apartments

Heat from the apartment fire melted these street lights
Lukas Udstuen KBIA

Burned traffic signals lay in front of the smoldering apartment complex at the corner of College Ave. and Walnut Street. Fire crews were still spraying water onto the burned Brookside apartment complex at 12:30 p.m. Sunday. Smoke could still be seen rising from some torched portions of the property on its corners. The apartments were due to open August, 2012.

The fire started Sunday morning around 5 a.m. In a message to renters, on the Brookside Facebook page, the company said about 30 percent of the complex will be completed by the end of August, when leases begin.  

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Business
12:03 pm
Fri May 25, 2012

Hear a former inmate's story from MSP

The administration building is one of the oldest on the prison site. Its decaying façade sits opposite a recently-opened federal courthouse across the street.
Samantha Sunne KBIA

One man’s historic building is another’s nightmarish living conditions. Listen to the audio to hear former MSP inmate Joshua Kezer talks about what it was like to be incarcerated for 10 years in one of the oldest prisons in the U.S.

Business
4:57 pm
Thu May 24, 2012

New bus route to run between MU, downtown Columbia

Columbia Bob McDavid explains the new FASTCAT route which will improve service by creating a new hub.
Chloe Dake KBIA

The city of Columbia announced Thursday the addition of a new city bus route that will directly connect the University of Missouri and downtown Columbia.  Mayor Bob McDavid calls the plan FASTCAT –“CAT” being short for Campus Access Transit. The new route will bypass Wabash station creating a new central hub.

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Business
12:00 pm
Thu May 24, 2012

Films, events, donations fund other aging prisons

Eastern State Penitentiary
Eastern State Penitentiary Historic Site, Inc

The Missouri State Penitentiary is one of the oldest prisons in the country, but there are even older ones that survived both centuries of inmates and decades of decay. The Ohio State Reformatory in Mansfield and the Eastern State Penitentiary in Philadelphia are now fully operating tourist sites.

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Business Beat
5:48 pm
Wed May 23, 2012

"Neglect" at MSP could be trouble in Jefferson City

The entrance to the prison’s female department is slowly crumbling. This wing of the administration building is one stop on the popular MSP ghost tours.
Samantha Sunne KBIA

An update on the EEZ in Columbia. Plus, some say the situation at the old Missouri State Penitentiary in Jefferson City is getting desperate.

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Business
5:20 pm
Wed May 23, 2012

"Neglect" a threat for Missouri State Penitentiary

Water damage threatens the stability of Housing Unit 3, which once housed Martin Luther King Jr’s killer, James Earl Ray. MSP officials worry roof leaks will eventually cause the historical buildings to crumble.
Samantha Sunne KBIA

The Missouri State Penitentiary closed in 2004 due to deteriorating conditions at the 150-year-old facility. KBIA’s Samantha Sunne explains how this deterioration has continued into the prison’s life as a Jefferson City tourist destination and historic landmark.

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Business
6:08 pm
Mon May 21, 2012

GM breaks ground on expansion at Wentzville Assembly plant

General Motors broke ground Monday on 500-thousand square feet of new factory space at its Wentzville, Mo. Assembly plant.

According to the company the expansion will cost $380 million.

Missouri Governor Jay Nixon was on hand for the event and said the decision was a smart one for GM, given its long history in the St. Louis area.

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Business
5:26 pm
Wed May 16, 2012

Columbia lawyer seeks to bring “immigrant investors” to mid-Missouri

Karla Klingner Diaz
Eva Dou KBIA

When it comes to jobs in Missouri, Karla Klingner Diaz believes that immigration is not the problem -- but rather the solution.

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Business Beat
5:18 pm
Wed May 16, 2012

Flooding from last year still has farmers playing catch-up

Iowa farmer Brent Hayes looks out over 1,700 acres of winter wheat he planted last October on flood-damaged land near the Missouri River. The foot-high crop was used to help replenish the soil for corn.
Rick Fredericksen Iowa Public Radio

A Columbia lawyer is utilizing a federal program to try to bring so-called, “immigrant investors” to Mid Missouri. Plus, Harvest Public Media reports on the lasting effects of last year’s flooding.

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Business
5:51 pm
Tue May 15, 2012

Missouri unemployment numbers dip slightly in April

Unemployment numbers in Missouri decreased to 7.3 percent in April.
Tim Patterson Flickr

Missouri added about 6,000 jobs in April as its seasonally adjusted unemployment rate edged down slightly.

Figures released Tuesday by the state Department of Economic Development also show that Missouri added more jobs in March than originally thought. The March job growth was revised upward from 4,800 to 6,800 new jobs.

Missouri's unemployment rate declined one-tenth of a percentage point in April to 7.3 percent. The department said that is the lowest level in 40 months.

The national unemployment rate was 8.1 percent in April.

Intersection
5:18 pm
Mon May 14, 2012

The future of downtown Columbia

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

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NPR Story
9:03 am
Fri May 11, 2012

St. Louis sewer district under fire from minority advocacy groups

Originally published on Thu May 10, 2012 6:16 pm

The minority business advocacy group MOKAN says the Metropolitan St. Louis Sewer District is not doing enough to include local minority and female workers in its sewer upgrade projects.

MOKAN executive director Yaphett El-Amin says her group wants MSD to increase the transparency of its hiring practices and invest at least $23.5 million in worker training programs.

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Business
5:23 pm
Thu May 10, 2012

Workers express surprise at Management Director's dismissal

Workers in the Office of Emergency Management for Boone County are expressing surprise about the elimination of its Management Director position.

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Business Beat
2:17 pm
Wed May 9, 2012

Business Beat: Costly Wind Gusts for Farmers

NET News

This week: Farmers looking to have a record book corn harvest. Plus, find out how wind gusts can cost farmers a ton of money.

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Business
1:16 pm
Wed May 9, 2012

Wind gusts costly for farmers

NET News

For many Midwesterners, wind is an occasional nuisance. For farmers, though, the wind’s impact can be huge — drying out crops and eroding topsoil. Gusts big and small also complicate the application of chemicals, and that can be particularly costly.

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The China Connection
11:24 am
Wed May 9, 2012

Small Columbia firm has a direct link to Chinese markets

In 2005, Columbia stockbroker Alex LaBrunerie placed a very long-distance cold call.

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Business
8:32 am
Mon May 7, 2012

Columbia paper shows circulation, revenue increase

The report the Audit Bureau of Circulations released earlier this week shows increase in papers’ revenues throughout the country.

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Business
4:10 pm
Fri May 4, 2012

Missouri House votes to trim business taxes

Missouri House members approved legislation trimming taxes on businesses.

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Business Beat
1:51 pm
Wed May 2, 2012

Rural commodities brokers still dealing with MF Global fallout

Rural commodities broker Tom Leffler checks the markets and speaks to a client on the phone.
Jeremy Bernfeld Harvest Public Media

This week: Harvest Public Media takes an in depth look into rural commodity brokers, and the tug of war battle between MF Global and rural farmers, and a look back on the store Cool Stuff.

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Business
1:35 pm
Wed May 2, 2012

Rural brokers pick up pieces after MF Global crisis

Rural commodities broker Tom Leffler checks the markets and speaks to a client on the phone.
Jeremy Bernfeld Harvest Public Media

When futures trading firm MF Global went bankrupt at the end of October, regulators discovered $1.6 billion in customer funds missing, much of it belonging to Midwest farmers and ranchers. But MF Global clients aren’t the only ones hurting in farm country.

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Business
5:43 pm
Fri April 27, 2012

Kirksville shows most growth in northeast Missouri

Jeffrey Beall flickr

Kirksville led northeast Missouri in job postings over the last few months thanks in part to the Northeast Regional Medical Center, based in Kirksville.

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Business
5:23 pm
Fri April 27, 2012

Kirksville grocery store shuts down

david_shane flickr

A locally-owned Kirksville grocery store is closing.  Near and Far Downtown Grocery sells produce from local farmers to stock its shelves. Velda Salt opened the store with her husband after having success at the farmer’s market. But she says the college town environment, and its seasonal nature, made it tough to be profitable year-round.

“More than half of our clientele are students," said Salt. "But it’s not just the students, because when school is out the professors are gone, a lot of them. The community…overall the town decreases.”

Business
4:35 pm
Thu April 26, 2012

Judge upholds minimum wage ballot summary

A judge upheld the language of a proposed ballot initiative Thursday that, if passed, would raise the state minimum wage from $7.25 an hour to $8.25. Kansas City Restaurant Owner Victor Allred challenged the initiative, claiming the language was unfair. But Cole County Circuit Judge rejected his challenge. Missouri Jobs for Justice is the group supporting the initiative, and will turn in the signatures to the Missouri Attorney General next week. 

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