Business

Business
8:22 am
Mon December 23, 2013

St. Louis Looks To Immigrants To Bolster Region

(courtesy St. Louis Mosaic Project)

Originally published on Tue December 24, 2013 6:51 am

St. Louis city and county lost population in the 2010 census which created big concerns about the region’s future.

In reaction, the area's civic leaders quickly turned their attention to immigrants.

Foreign born residents make up less than 5 percent of the metropolitan area, far below most other major U.S. cities.

The St. Louis Mosaic Project came together this last year to address the issue.

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Business
8:09 am
Fri December 20, 2013

Returning soldiers expected to increase holiday crowds at Lambert

Lambert - St. Louis International Airport
Credit Michael R. Allen / flickr

Lambert-St. Louis International Airport is preparing for a surge in visitors as the busy travel period surrounding Christmas and New Year’s Day begins Friday.

Public Relations Manager Jeff Lea says the airport is expecting a 15 to 20 percent increase from normal passenger traffic at peak travel times over the next two weeks.

“The biggest travel day prior to Christmas for air travel is going to be Friday,” he said.

In addition, he adds that holiday travelers can expect to be flying with a significant number of men and women in uniform as well.

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Business Beat
5:20 pm
Wed December 18, 2013

Business Beat: Ag Sec'y Vilsack and cattle-feeding additive

Some 6,500 Holsteins are “finished” at this 2,000-acre Ordway, Colo., feedlot, where the growth promotion drug Zilmax is no longer used because it was pulled from the market by its manufacturer.
Credit Peggy Lowe / Harvest Public Media

There will be no farm bill until Congress returns in the New Year. But it turns out, dairy prices won’t surge on January 1st as some farm bill supporters have suggested. Harvest Public Media’s Grant Gerlock reports.

Agriculture Secretary Tom Vilsack will travel to China this week. It’s a trade visit that happens every year, but this time there is added interest for American farmers. China has rejected 5 loads of corn from the U.S. in recent weeks. The corn contained an insect-resistant trait from the seed company, Syngenta, that’s approved in the U.S. but not China.

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Business
4:45 pm
Tue December 17, 2013

Mo. unemployment rate falls; 15,000 jobs added

Credit forwardstl / flickr

Missouri's unemployment rate declined in November while payrolls expanded by 15,000 jobs.

The Missouri Department of Economic Development reported Tuesday the jobless rate fell to 6.1 percent in November from 6.5 percent in October.

The leading gainer was educational and health services, which added 5,200 jobs last month. The construction sector grew by 2,300 and professional and business services increased by 2,000 jobs. The information, leisure and hospitality sectors each declined by 200 jobs.

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Business
8:28 am
Tue December 17, 2013

Horse slaughter plants preparing to open

Credit gnuru / Flickr

After months of legal wrangling and false starts in a battle to resume domestic horse slaughter, plants in Missouri and New Mexico are working to begin processing equine for human consumption.

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Business
8:18 am
Tue December 17, 2013

Mo. to get over $100k from insurance settlements

Missouri will receive more than $100,000 from its participation in two multistate settlements with insurance companies.

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Business
8:41 am
Mon December 16, 2013

Appeals court vacates ban on US horse slaughter

Credit gnuru / Flickr

A federal appeals court has cleared the way for companies in New Mexico, Missouri and Iowa to resume domestic horse slaughter.

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Business
5:22 pm
Thu December 12, 2013

Boeing to add more St.Louis county jobs

Credit File Photo/KBIA

Governor Jay Nixon announced in a press release Thursday that aerospace manufacturing company Boeing will add up to an additional 400 research and technology jobs at its St.Louis County campus.

The new jobs will be part of Boeing's plan to restructure its Research and Technology organization. The company, which employees approximately fifteen thousand workers in Missouri, is being helped in the St. Louis county expansion by the state of Missouri through a package of economic incentives.  

Boeing can earn these incentives by meeting job creation and investment criteria.

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Business
4:15 pm
Thu December 12, 2013

Sierra Club threatens suit over Ameren air quality

Credit machinecodeblue via Flickr

An environmental group says it plans to soon sue utility provider Ameren over what it calls repeated violations of federal air pollution standards.

The Sierra Club told Ameren Corp. it plans legal action in the next 60 days over what the group says are nearly 10,000 violations of the Clean Air Act since 2008 at coal-fired power plants in St. Louis, Jefferson and Franklin counties

The alleged violations involve the amount of soot released from smokestacks at the Meramec, Labadie and Rush Island plants.

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2:21 pm
Thu December 12, 2013

Columbia tops another one of those "best city" lists

Lead in text: 
Columbia has finally taken the number one spot in Best-Cities.org's yearly best cities list (in the "Small Cities" category). Take that, Columbus, Indiana, a city easily mistaken for Columbia in print only.
The 2013 Milken Institute Best-Performing Cities Index ranks U.S. metropolitan areas by how well they are creating and sustaining jobs and economic growth. The components include job, wage and salary, and technology growth. In most years, these give a good indication of the underlying structural performance of regional economics.
Business Beat
5:20 pm
Wed December 11, 2013

Business Beat: Missouri's best cities for LGBT; water efficiency

Our neighbors in St. Louis and Kansas City are two of 25 cities in the U.S. to get a perfect score on the 2013 Municipal Equality Index, or MEI. Columbia and Jefferson City fell further down the list. The MEI is conducted by a national organization working for lesbian, gay, bisexual and transgender equality. The study looks at equality issues including nondiscrimination policies in cities and states.

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Business
4:17 pm
Wed December 11, 2013

American Airlines to add flight to Columbia Regional Airport

Credit File Photo / KBIA

Columbia Regional Airport and American Airlines announced Wednesday they are adding another daily nonstop flight between Columbia Regional Airport and Chicago O’Hare.

The new flights will begin on April 2. American Flight 3376 will take off in Columbia at 6:00 a.m. and arrive in Chicago at 7:05 a.m. The returning flight 3737 will head out of Chicago at 6:35 p.m. and return to Columbia at 7:45 p.m.

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Business
3:57 pm
Wed December 11, 2013

Missouri cities score well in LGBT study

Credit File Photo / KBIA

St. Louis and Kansas City are two of 25 cities to get a perfect score on the 2013 Municipal Equality Index. The MEI is conducted by the Human Rights Campaign, which works for lesbian, gay, bisexual and transgender equality.

The MEI is the nation’s only rating system of LGBT inclusion. The study looked at 291 cities across the nation, including five in Missouri, rating each city with a score of one through 100. Cathryn Oakley is the author of the index. She said she is very impressed with Missouri

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Business
8:28 am
Wed December 11, 2013

Army Corps continues Mississippi River rock removal

Credit File Photo / KBIA

The U.S. Army Corps of Engineers is picking up where it left off in clearing rock from barge channels in the Mississippi River.

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Breaking
3:38 pm
Mon December 9, 2013

Columbia-based Newsy acquired by E.W. Scripps for $35 million

A screenshot from a Newsy.com video on a Kindle Fire
Credit Newsy

Media company E.W Scripps has acquired Columbia-based media startup Newsy for $35 million according to this press release.

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Business
8:25 am
Fri December 6, 2013

Fast- Food workers protest for higher wages

Fast-Food workers picket outside of the Burger King on Business Loop 70 on December 5, 2013.
Credit Caitlyn Gallip / KBIA

Protestors took the sidewalk on Thursday demanding higher wages and the ability to form a union for the 2300 Fast-food workers in Columbia.

In more than 100 cities across the country, protests brought together various industry workers asking for a higher, more livable wage and the ability to form unions.

Passersby honk as a group of protestors chant "We cannot survive on $7.35" in front of the Burger King on Business Loop-70 in Columbia. Standing in 20 degree weather, the protestors demand higher wages and the ability to form a union.

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Business
8:02 am
Fri December 6, 2013

Business owner says Walnut Street construction hurts business

Short Street parking garage in Columbia, Mo.
Credit Chris Gothner / KBIA

Columbia’s new Short Street parking garage opened this Tuesday, but workers are still constructing nearby buildings.

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Business
5:53 pm
Thu December 5, 2013

Non-profit moves to new facility

Photo by Joe Shlabotnik via Flickr.

CoMo Cares, the non-profit organization that helps children five years old and younger, started operating for the first time at its new location Wednesday. The organization is designed to help struggling parents receive resources like diapers, bottles and clothing.

   Executive director Sabrina Lambrecht expanded the organization from her basement to a new facility off of Paris Road. CoMo Cares has already helped 150 children. Mothers like Jasmine Williams, are taking advantage of the resources.

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Health & Wealth Update
9:07 am
Wed December 4, 2013

Pilot Grove residents rally to bring back grocery store

Laurie Beach loads groceries into her car on Saturday, Nov. 9, 2013 in Pilot Grove, Mo. Beach is one of 23 community investors that helped open the grocery store.
Credit Bridgit Bowden / KBIA News

 

Listen to this week's Health & Wealth Update, featuring a report by KBIA reporter Bridgit Bowden.

The USDA estimates that more than 2 million people live in rural food deserts, or low-income communities more than 10 miles from a grocery store.  

Four years ago, the last grocery store in Pilot Grove, Mo., closed its doors, turning the town into a rural food desert.  The town had only a convenience store from which to bu food.   

That is, until 23 community investors came together to open Tyler's Market, a fully-stocked grocery store.  On the market's first day open, Pilot Grove residents gathered at the store.  

 

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Business
5:00 pm
Tue December 3, 2013

MFA Oil approved to purchase Mamtek property in Moberly

Credit Kristofor Husted / KBIA

MFA Oil announced this afternoon it has been approved to purchase property in Moberly that would have housed the Mamtek facility. MFA officials could not comment on the sale price, but say a bankruptcy court has approved the sale of the 33 acre property. 

Corey Mehaffy is the President of Moberly Area Economic Development. He said the city is looking forward to assisting MFA in preparing the facility for use after the previous trouble the city had with the space.

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Business
3:11 pm
Fri November 29, 2013

Special session on Boeing tax incentive to convene Monday

Credit File Photo / KBIA

The special session aimed to pass legislation that will help Missouri attract Boeing's new commercial jet plant will convene Monday, Dec. 2. Gov. Jay Nixon called for the session Friday afternoon.

Nixon has asked the General Assembly to pass legislation that will annually add up to $150 million for large-scale aerospace projects under four of Missouri’s existing economic development program.

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Business
9:02 am
Fri November 29, 2013

Lawsuit seeks $30 million in failed Mamtek plant

Credit steakpinball / Flickr

A new lawsuit is seeking $30 million from an investment banking firm and 10 employees because of a failed factory project in central Missouri.

Morgan Keegan, which has merged with Raymond James Financial Inc., was the underwriter in 2010 for a $39 million bond issue for a failed artificial sweetener factory for Mamtek US Inc. in Moberly. Construction on the factory stopped in August 2011 when Mamtek failed to make a required bond payment.

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Business
2:05 pm
Thu November 28, 2013

The crucial zoning law that determine's downtown Columbia's future [rebroadcast]

Credit KBIA

This week CoMo Explained shows how something called the C-2 zoning ordinance determines how Columbia is built. 


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Business
5:23 pm
Wed November 27, 2013

Columbia bio tech start-up to expand, could create 50 jobs in 5 years

The expansion of a bio technology start-up company in Columbia is expected to create 50 new jobs within five years. Nanova Biomaterials, Inc.’s expansion includes $1.5 million in capital investment.

The research and development company uses nanotechnology to manufacture orthopedic and dental products, such as dental fillings and bone screws. Its parent company was founded in 2007 by a group of four researchers, two of whom are from the University of Missouri.

Business Beat
5:20 pm
Wed November 27, 2013

Business Beat: Moberly's affordable housing, pheasants lose grassland to farms

The city of Moberly made a Yahoo Homes top ten list of the nation’s cheapest markets for family homes. The report says the average listing of a four bedroom, two bathroom house is just under 100 thousand dollars. In comparison, the most expensive place to buy a home in the U.S. is Malibu, California which has an average price of more than 2 million dollars.

Director for the Moberly Chamber of Commerce Debbie Miller says Moberly is an affordable place to live because it is predominantly a rural area; but, the city is in close proximity to larger metro areas.

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Business
5:20 pm
Wed November 27, 2013

Moberly ranks in top 10 on most affordable housing list

Credit The City of Moberly

The city of Moberly made a Yahoo Homes top ten list of the nation’s cheapest markets for family homes. The report says the average listing of a four bedroom, two bathroom house is $99, 593. In comparison, the most expensive place to buy a home in the U.S. is Malibu, California which has an average price of more than $2 million dollars.

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Business
9:26 am
Tue November 26, 2013

BioPharma to open Clinical testing clinic in Columbia in 2014

Credit acephotos1 / dreamstime

A new clinical facility will be coming to Columbia in early 2014.

BioPharma Services Incorporated is based in Toronto, and its clinical operations facility in Columbia will be the company’s first in the U.S. Mayor Bob McDavid said BioPharma will fit in nicely with Columbia.

“I think it’s just terrific that we can sort of blend the research creativity innovation that comes from BioPharma into our culture of healthcare and life sciences,” McDavid said.

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Business
7:59 am
Tue November 26, 2013

New railway bridge opens for business, serving Amtrak's Missouri River Runner

An Amtrak train crosses over the new railroad bridge minutes after being opened for rail traffic at Osage City, Mo., on Nov. 25, 2013.
Credit Marshall Griffin / St. Louis Public Radio

A new railroad bridge over the Osage River between St. Louis and Jefferson City is now open for both passenger and freight train use.

The new bridge cost $28 million, with most of the funds coming from the 2009 American Recovery and Reinvestment Act.  Federal Railroad Administrator Joe Szabo says the project came in under budget and ahead of schedule.

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Business
5:21 pm
Mon November 25, 2013

Bartenders in Columbia need certification

Credit bighamdesign / flickr

Columbia bartenders and store clerks who sell alcohol have to complete a training course and obtain certification required under a new city ordinance.

The Columbia health department is issuing new server photo IDs under the ordinance approved by the Columbia City Council last November. The measure requires every liquor store clerk, grocery store checker, bartender and waiter in Columbia to complete the online training by Jan. 1.

The city says it's issued about 400 certificates and expects many more people to take the course in the coming weeks.

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Business
5:19 pm
Mon November 25, 2013

Missouri State Parks acquires Camp Zoe

Missouri has acquired about 300 acres in south-central Missouri that had been forfeited after the owner was convicted of federal drug charges.

The state Department of Conservation said Monday that Missouri State Parks acquired at auction the 330 acres of property in Shannon County that had been owned by James Tebeau. Tebeau was sentenced last year to 30 months in prison and ordered to forfeit the land, known as "Camp Zoe," after he was convicted of holding music festivals where drugs were sold.

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