Missouri Department of Economic Development

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Economic development officials say building a new football stadium in St. Louis could bring nearly $300 million in net tax revenues to Missouri over the next 30 years.

A panel of House members Monday discussed the state's options to replace the 20-year-old taxpayer-funded dome currently in the city.

Hey Paul Studios via Flickr

JEFFERSON CITY, Mo. (AP) — Missouri's unemployment has dropped slightly to its lowest rate since June 2008.

The state Department of Economic Development released data Tuesday showing the seasonally adjusted unemployment rate dropped from 6.3 percent in September to 5.9 percent in October.

jay nixon
File Photo / KBIA

  Gov. Jay Nixon announced the launch of a statewide comprehensive energy plan at the Advancing Renewables conference at the University of Missouri on Tuesday, April 8.

The Missouri Department of Economic Development’s Division of Energy will lead the initiative to develop the energy plan.

The governor said public meetings will be held across the state to seek input from energy stakeholders, including renewable energy companies, researchers and environmental advocates.

moberly
KBIA

A leading shingle manufacturing company says it will build a new production facility in the central Missouri town of Moberly.

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.

Report shows declines in Mo. unemployment rate

Nov 19, 2013
Unemployment office
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.

jefferson city
localozarkian / flickr

Jefferson City based company RR Donnelley laid off close to 500 employees Tuesday after announcing the layoff in August.

Mo. Gov. Nixon names new legislative director

Oct 1, 2013
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.

Jefferson city aerial shot - Missouri Department of Tourism.jpg
Missouri Department of Tourism / Missouri Department of Tourism

The Missouri Department of Economic Development has hired a former Jefferson City administrator who lost his city job as officials debated how to proceed with a new conference center.

The Jefferson City News Tribune reported Tuesday that Nathan Nickolaus started work as the state agency's general counsel. The department's current general counsel is leaving for private practice. Nickolaus says he is excited about the job. He previously was Jefferson City's attorney.

missouri capitol
Jacob Fenston / KBIA

Missouri authorized more than $7 million of additional tax credits shortly before the expiration of a program aimed at redeveloping large impoverished or blighted areas.

A state-run nonprofit corporation needs to improve its transparency, according to an audit released Thursday.

Missouri's unemployment rate increased slightly even though businesses added thousands of jobs in June.

Missouri’s unemployment rate is now at its lowest point in four years.

November’s jobless rate is at 6.7 percent, down from 6.9 percent in October.  At the same time, though, the state lost 6,800 non-farm jobs last month.  John Fougere is with the Missouri Department of Economic Development.

“There’ll be blips from time to time, but we never focus on any one month of data when it comes to the number of jobs gained or lost, but instead the overall trend," Fougere said.  "Right now the overall trend of Missouri’s economy appears to be positive.”

gavel
Flickr / steakpinball

A Randolph County judge has refused to lower the $500,000 cash bond for the former CEO of a failed factory project in Moberly who is facing felony fraud charges.

Former Hostess employees get help in job search

Nov 29, 2012
Jenn Durfey / FLICKR

The State Rapid Response Team is assisting former Hostess employees in Mid-Missouri get back to work.

Money
401K / Flickr

Missouri’s unemployment rate held steady at 6.9 percent in October, according to new data from the Missouri Department of Economic Development. That’s one full point below the national average of 7.9 percent.

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Pro Food Systems Inc. is planning to add 43 jobs within the next five years at its operation in Holts Summit.  The new headquarters will have three components: a breading and blending facility, a logistics service center and print companies.  The company said it will invest $6 million dollars into the new headquarters.

Missouri Department of Economic Development Spokesperson John Fougere said the Department used tax credits and other incentives to encourage Pro Food Systems into expansion.

State of Missouri

A new audit says Missouri officials have overstated the economic impact of the state's main job incentive programs.

The report released Monday by Auditor Tom Schweich focuses on the Quality Jobs program, which provides tax breaks to businesses that add jobs with decent wages and health insurance.

Schweich says the projected jobs and investment reported by the Department of Economic Development has significantly overstated the amount of jobs actually created and the amount of money actually invested by businesses to improve facilities and equipment.

Columbia business incubator awarded tax credits

Jun 27, 2012

The Missouri Department of Economic Development awarded state tax credits to five small business incubators on Monday. The Life Science Business Incubation Center in Columbia was awarded a $100,000 in tax credits.

Missouri officials say the state lost about 7,300 non-farm payroll jobs in May, even as the state's unemployment rate was unchanged at 7.3 percent.

The Missouri Department of Economic Development announced earlier this week that Big Brothers Big Sisters of Central Missouri has been approved for state tax credits. Big Brothers Big Sisters of Central Missouri received $102,782 in state tax credits under the Department of Economic Development’s Youth Opportunities Program.

Missouri's economy lagged nation's in 2011

Jun 6, 2012

Missouri’s Gross Domestic Product growth was stagnant in 2011. That’s according to a new report released Tuesday by the federal Bureau of Economic Analysis, or BEA.