Business

Business
5:54 pm
Fri February 28, 2014

Iowa company pleads guilty to release of gasoline-contaminated water

The contamination of a southwest Missouri sewer system led to the evaucation of an elementary school in Duenweg, Mo.
jcarlosn Flickr

An Iowa company has pleaded guilty to federal charges stemming from the release of thousands of gallons of gasoline-contaminated water into a sewer system in southwest Missouri.

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Business
5:49 pm
Fri February 28, 2014

Moberly ruled not responsible for Mamtek bonds

A U.S. district judge ruled that the city of Moberly, Mo., had legally issued bonds in relation to the construction of a Mamtek plant in 2010.
Kristofor Husted KBIA

A federal judge has ruled that the city of Moberly, Mo., and its industrial development authority are not responsible for bonds involved in a failed artificial sweetener plant project.

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Business
6:14 pm
Thu February 27, 2014

Legislation for truce between Missouri and Kansas business passes Senate

The border competition between Missouri and Kansas businesses would be held to a truce following legislation passed by the Missouri Senate.
Jacob Fenston KBIA

Missouri senators have passed legislation proposing a truce with Kansas in the battle for businesses in the Kansas City area.

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Business
3:36 pm
Mon February 24, 2014

Air Service Revenue Guarantee fund remains untapped

Credit clarkmaxwell / Flickr

The City of Columbia announced on Thursday that January revenue for Columbia Regional Airport meant American Airlines would not require payment from the Air Service Revenue Guarantee fund for the eleventh month in a row.

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Business
8:47 am
Mon February 24, 2014

Columbia P&Z recommends rezoning for downtown student housing

The City of Columbia’s Planning and Zoning commission voted Thursday night to recommend approval of a large student housing development project near the MU campus. The proposed development, located between Providence Road and Fifth Street, is pushing forward despite uncertainties about downtown Columbia’s infrastructure.           

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Business
12:29 pm
Thu February 20, 2014

Propane shortage strikes Mid-Missouri

Credit ryochiji / Flickr

Some Kirksville residents are finding it hard to stay warm this winter due to a propane inventory shortage in the area.

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Business
8:23 am
Wed February 19, 2014

MFA Oil CEO announces retirement

The president and CEO of MFA Oil announced Monday that he is retiring. After 32 years of working with MFA Oil, Jerry Taylor will retire on August 31, 2014. 

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Business
4:58 pm
Tue February 18, 2014

Ameren CEO to retire in July

Credit ForwardSTL

  Ameren Corp. is promoting Warner Baxter to president of the St. Louis-based utility, effective immediately, and he'll become CEO this spring.

Baxter is a longtime executive at Ameren. He succeeds Thomas Voss, who will retire on July 1.

Ameren said Tuesday that Baxter also has been elected to the board of directors. He will become chief executive on April 24 — the day Voss will become Ameren's executive chairman.

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Business
5:25 pm
Thu February 13, 2014

Noranda Aluminum files two complaints against Ameren Missouri

Noranda Aluminum issued complaints about Ameren Missouri's earnings and rate design scheme.
File Photo Ameren Missouri

Two separate complaints were filed by Noranda Aluminum against Ameren Missouri after data showed Ameren earned more than what the state allows.

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Business
8:50 am
Thu February 13, 2014

Columbia reports low unemployment rate

Downtown Columbia, Mo.
Credit Kristofor Husted / KBIA

The city of Columbia reported a significant decrease in its residents’ unemployment rate in December 2013.

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Business
5:30 pm
Wed February 12, 2014

Business Beat: Propane price spikes, Missouri grapes combat climate change

The barn at Borgic Farms in Nokomis, Ill., where piglets are weaned must be kept warm year-round. In the winter, that means using a bank of propane-fueled heaters.
Credit Peter Gray / Harvest Public Media

    

Residents across the Midwest are struggling with tight propane supplies, especially in this bitterly cold, snowy winter.

But it's not just homes that lack adequate access to heating energy. Harvest Public Media's Peter Gray reports on the recent fuel shortage, and how it's hitting farms that put bacon and eggs on your plate in the morning.

If you are a fan of wine, particularly European wines, from France, Italy or Germany, you can be proud of the role Missouri plays in creating that wine.

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Business
7:55 am
Tue February 11, 2014

Propane users struggling in light of high prices and brutal winter

Credit ryochiji / Flickr

Missouri residents and farmers who buy propane using the market price have suffered as prices have increased to unusually high levels in recent weeks across the Midwest. 

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Business
8:30 am
Thu February 6, 2014

Missouri Lawmakers Try To End 'Border War' Between Kansas And Missouri

Mo. House Speaker Tim Jones, R-Eureka, presents his "Border War" cease fire bill on Feb. 5, 2014.
Marshall Griffin/St. Louis Public Radio

Originally published on Wed February 5, 2014 6:40 pm

Two bills that would each try to end the so-called "border war" among business interests in the Kansas City area were heard Wednesday by two Missouri legislative committees.

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Business Beat
5:30 pm
Wed February 5, 2014

Business Beat: Immigrant, women entrepreneurs in U.S.

Penelope Shihab, a Jordanian entrepreneur, has chosen Columbia to launch her American subsidiary.
Credit Kristofor Husted / KBIA

Monday’s Morning Edition on NPR featured a story about a Columbia biotech startup. We thought we’d give it an encore run on KBIA in case you missed it. After hearing Shihab’s unique story, I called Laurel Smith-Doer, who’s a professor of sociology at the University of Massachusetts Amherst.  She’s studied immigrant and women entrepreneurs in biotech in the New England area. I asked her what she’s found in her research.

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Business
4:53 pm
Mon February 3, 2014

Nixon announces increased propane subsidy

Credit ryochiji / Flickr

Gov. Jay Nixon is making $15 million available to help Missourians cope with rising propane prices.

Nixon says the money would allow low-income people to continue heating their homes even though gas prices have increased to more than $4 per gallon.

The funds would come from the federal government's Low-Income Home Energy Assistance Program. Nixon is also doubling the amount each household can receive for propane assistance.

The Missouri Propane Gas Association says the high costs are due to increased exports, colder weather and higher-than-expected crop yields.

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Business Beat
11:16 am
Thu January 30, 2014

Business Beat: Farm Bill passes House, Jordanian startup picks Columbia

Penelope Shihab, CEO of MONOJO and Columbia Biotech.
Credit Kristofor Husted / KBIA

This week, NPR is airing a piece about Jordanian businesswoman Penelope Shihab who has launched a startup company in Columbia.  She is already the CEO of the biotech company MONOJO in Jordan where her company produces a skin care line using antibodies found in camel milk.

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Business
2:52 pm
Wed January 29, 2014

KC business leader support KCI changes

Kansas City International Airport (KCI) from March 2008.
Credit FHKE via Flickr

Kansas City business leaders told an advisory group that Kansas City International Airport has become outdated and gives visitors a mediocre first impression.

Greater Kansas City Chamber of Commerce president Jim Heeter told the KCI Terminal Advisory Group on Tuesday that many chamber members want a more modern airport that will appeal to businesses.

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Business
8:00 am
Wed January 29, 2014

Nixon says Mo. to pay off unemployment debt early

Gov. Jay Nixon says Missouri employers could save $186 million in federal taxes after a revised projection indicates money borrowed to pay jobless benefits will be repaid early.

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Business
8:16 am
Tue January 28, 2014

MoDOT to study plans for better freight movement

Credit The Wingy / Flickr

Missouri transportation officials are taking a closer look at how freight can be moved more efficiently across the state by trucks, barges, planes and trains.

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Business
8:06 am
Fri January 24, 2014

Small plane makes emergency landing near Ashland

Authorities say a twin-engine prop plane has made an emergency landing in a field in central Missouri.

Southern Boone County Fire Protection District Lieutenant Corey Sapp says no one was injured when the plane landed in a soybean field near Ashland on Thursday afternoon.

The Columbia Tribune reports that Federal Aviation Administration records show the plane is registered to Alelco Incorporated of New Bloomfield. The company's website says it designs, installs and maintains "Electrical, Cathodic Protection and Instrumentation systems" for the water tank industry.

Business
6:07 pm
Tue January 21, 2014

Winning lottery ticket worth $2 million purchased in Columbia

Credit selbstfotografiert / Wikimedia Common

A trip to Columbia paid off handsomely for an east-central Missouri man.

 

Bryan Boudria, of Sullivan, won a $2 million "Mega Monopoly" scratchers prize earlier this month. He bought the ticket at Mosers convenience store, while on down time from a program he was attending at the Harry S. Truman Memorial Veterans' Hospital in Columbia.

Missouri Lottery officials announced in a news release that Boudria received a ceremonial check Tuesday at lottery headquarters in Jefferson City.

Boudria opted to take a $1.3 million lump sum before taxes.

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Business
3:41 pm
Thu January 16, 2014

Nixon proposes additional $4.5M worker training

Gov. Jay Nixon
Credit Kristofor Husted / KBIA

Gov. Jay Nixon is proposing an additional $4.5 million for a program that offers customized worker training for companies that create or retain jobs in Missouri.

The governor said Thursday the funding boost would go to Missouri Works Training. Nixon will release his budget recommendations next week for the fiscal year that starts July 1.

Nixon's office says Missouri Works Training last year helped train more than 35,000 workers at 339 companies statewide.

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Business
3:39 pm
Thu January 16, 2014

Missouri tax cut backers, foes both cite Kansas cuts

Credit Andrew Magill / Flickr

Supporters and critics of Missouri tax cut plans both are pointing to the results of recent tax cuts in Kansas.

Several business groups testified during a Senate committee hearing Thursday that Missouri must cut taxes to discourage employers in the Kansas City area from moving across the state line.

But opponents said Kansas revenues and education funding have suffered as a result of its tax cuts.

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Business
12:49 pm
Wed January 15, 2014

Specialty grocery store opens near downtown Columbia

B.J. Hunter checks out at Lucky's Market.
Kristofor Husted KBIA

A new natural and specialty grocery store opened its doors in downtown Columbia this week.

The Colorado-based Lucky’s Market kicked off its launch Wednesday with a bacon cutting ceremony and a $10,000 donation to the Columbia Center for Urban Agriculture. Lucky’s Market is expected to create about 100 jobs with its new shop in the old Osco Drug building. The location also resides on the edge of a "food desert" according to the U.S. Department of Agriculture.

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Business
10:22 am
Tue January 14, 2014

New lawsuits filed over failed Mamtek plant in Moberly

Credit Kristofor Husted / KBIA

A bankruptcy trustee has filed lawsuits seeking millions of dollars in damages against former officials with Mamtek, the company behind a failed plan to build a sweetener facility in Moberly.

The Columbia Daily Tribune reports Trustee Bruce Strauss filed lawsuits last week seeking repayment of $7 million that former officers and agents of Mamtek received. The lawsuits also seek actual damages of $72 million and punitive damages.

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Business
4:28 pm
Mon January 13, 2014

Missouri was finalist for Boeing contract

Newly released documents show Missouri was in the running for a new Boeing assembly plant right up until the company decided to stay in Washington state.

Documents provided to The Associated Press on Monday under a Sunshine Law request show Boeing officials visited St. Louis on Dec. 28 to check out Missouri's proposal.

A follow-up visit was scheduled for Jan. 4. But that was cancelled after union members in Washington voted Jan. 3 to accept Boeing's contract proposal. The company then said it would build the 777X airplane there.

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Business
8:09 am
Mon January 13, 2014

'Right to work' bill scheduled for hearing in House committee

Credit www.timwjones.com

The first bill being considered by a Missouri House committee this year would prohibit the payment of union fees from being a condition of employment.

The legislation, known as "right to work," is scheduled for a Monday hearing in the House Workplace Development and Workplace Safety Committee.

It is a top priority for Republican House Speaker Tim Jones, of Eureka. He led a rally of about 100 activists in support of the bill before the legislative session opened last week.

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Business
8:00 am
Tue December 31, 2013

Population growth in state slower than national rate

Credit JoePolman / Flickr

Missouri's population continues to grow at a slower rate than the national average.

New estimates released by the U.S. Census Bureau show Missouri's population of 6 million grew by fewer than 20,000 people from 2012 to 2013. That's a growth rate of about one-third of a percent.

Nationally, the population is estimated to have risen by 0.7 percent from 2012 to 2013.

Missouri's growth of 0.3 percent was typical for the Midwest. It was better than Illinois, about the same as Arkansas, Kansas and Kentucky, but lagged behind the rest of its neighboring states.

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Business
4:47 pm
Mon December 30, 2013

New year means Mo. wage hike, business tax cut

Credit File Photo / Flickr

Wages will rise for Missouri's low-income workers and taxes will fall for some corporations when the new year arrives.

Missouri's minimum wage will increase for about 100,000 workers from $7.35 an hour to $7.50. The increase is a result of an annual inflationary adjustment included in a law passed by voters in 2006.

The state's corporate franchise tax rate also will ratchet down in 2014. That's the result of a 2011 law passed by legislators that gradually phases out the franchise tax by 2016.

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Business
8:20 am
Tue December 24, 2013

Group wants improvements at Kansas City International Airport

Credit FKHE / Flickr

A group has delivered more signatures on a petition aimed at forcing a public vote on a proposal to rebuild Kansas City International Airport.

Citizens for Responsible Government/Friends of KCI delivered nearly 1,600 more petition signatures to City Hall on Monday.

The Kansas City Star reports the signatures delivered Monday now have to be checked by the election board.

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