Ongoing Coverage:

department of economic development

Business
4:29 pm
Thu April 10, 2014

Audit faults state program for contamination cleanup

Missouri Auditor Tom Schweich.
Credit State of Missouri

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.

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Business
4:19 pm
Tue March 4, 2014

Missouri adds jobs while jobless rate remains steady

With the number of unemployed Missourians unchanged, the state added over 1,000 net jobs in January.
Tim Patterson Flickr

Missouri payrolls grew in January while the state's unemployment remained unchanged at 6 percent.

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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
3:09 pm
Tue November 19, 2013

Report shows declines in Mo. unemployment rate

Credit ForwardSTL

Newly released figures show Missouri's unemployment rate declined in September and October and now stands at 6.5 percent.

The state Department of Economic Development released employment figures Tuesday. The two months were combined in the same report because of the partial federal government shutdown in October.

Payrolls in September declined by 5,500 jobs, including a drop of 3,700 jobs in the leisure and hospitality sector. Trade, transportation and utilities increased by 3,300 jobs.

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Education
7:26 am
Wed October 30, 2013

Mo. announces more grants to child care centers

Children in classroom
Credit Photo provided by Missouri Association for Community Action

Missouri has awarded an additional $4.2 million in grants to improve facilities at six child care centers around the state.

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Politics
3:30 pm
Tue October 1, 2013

Mo. Gov. Nixon names new legislative director

Credit Photo courtesy of the Office of Gov. Jay Nixon

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.

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Business
5:16 pm
Thu May 30, 2013

Express Scripts to expand to Joplin, creates 100 jobs

Express Scripts building in St. Louis, Mo.
Credit pasa47 / Flickr

 St. Louis-based Fortune 100-company Express Scripts says it will build a new patient-service call center in Joplin, creating 100 new jobs.

Express Scripts is a pharmacy benefits company that manages more than a billion prescriptions each year for millions of patients in the U.S.

Gov. Jay Nixon announced Thursday that the company’s new patient-service center will mean a 960,000 dollars investment in Joplin's economy.

The state of Missouri provided economic incentives to Express Scripts as part of its expansion in Joplin.

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Politics
4:11 pm
Tue May 14, 2013

Mo. unemployment rate declines in April

File KBIA

For the month of April, Missouri employers added more than 12,000 new jobs while the state’s unemployment rate dropped to 6.6 percent.

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Politics
8:24 am
Wed March 20, 2013

Mo. sees little change in unemployment in February

stopnlook FLICKR

Missouri's unemployment rate inched up slightly in February although the state also posted gains in the number of jobs.

Figures released Tuesday by the state Department of Economic Development show Missouri's unemployment rate was 6.7 percent last month, up one-tenth of a percentage point from January.

Seasonally adjusted, nonfarm payroll rose by 3,900 jobs in February, with gains in the construction industry offset partially by loses in food services.

Business
11:26 am
Fri March 8, 2013

How one enzyme manufacturer catalyzed success

Katie and Brian Thompson started Elemental Enzymes a few years ago.
Megan Stoll Studios

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. 

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Business
4:11 pm
Mon January 28, 2013

Economist casts doubt on Mo. business incentives

Credit KBIA

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.

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Business
2:50 pm
Tue October 16, 2012

Missouri adds 2,500 jobs in September

File Photo KBIA

Missouri payrolls increased by 2,500 in September as the state's unemployment rate declined to 6.9 percent, the lowest mark since late 2008.

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Education
9:14 am
Wed September 19, 2012

Manufacturing leads the way in Mo. job creation

_J_D_R_ Flickr

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.

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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
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.

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