A new audit raises concerns about a Missouri program that provides tax incentives for developers to clean up contaminated old business sites.
The report Thursday by State Auditor Tom Schweich notes that Missouri authorized over $185 million of Brownfield Remediation Tax Credits for 115 projects from the 2003 to 2013 fiscal years. About four-fifths of those projects were in the St. Louis area.
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.
Missouri Gov. Jay Nixon has selected a new top legislative aide, tapping an official from the state's economic development agency.
The governor's office said Tuesday that Jason Zamkus will be Nixon's new legislative director. He replaces Daniel Hall who held the position since Nixon took office in 2009 and last week was appointed by the governor to the Missouri Public Service Commission.
Zamkus had been the deputy director of the state Department of Economic Development. He also was the agency's liaison to the state Legislature.
Researchers Katie and Brian Thompson of the University of Missouri took the plunge to start a company a few years ago. They relocated to the Missouri Innovation Center in Columbia, which provides them office space and mentorship support. The husband and wife team developed a technology that stabilizes enzymes. They created a platform technology, which has applications in many industries.
A university economist is casting doubt on whether Missouri's job-creation incentives actually result in more jobs.
Economist Howard Wall of Lindenwood University testified Monday before the House Government Oversight and Accountability Committee about the effectiveness of the Missouri Quality Jobs program. The initiative offers tax breaks to businesses that add jobs with good wages and health benefits.
The latest Department of Economic Development report shows there were almost 18,000 new jobs in Missouri in August. The manufacturing industry added the most jobs with an increase of nearly 5,000 new positions.
Missouri Department of Economic Development spokesperson John Fougere says Missouri’s progress in job creation continues to grow following a big drop during the recession.
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.
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.