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.
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.
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.
Originally published on Wed December 19, 2012 6:11 am
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.”
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.
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.
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.
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.
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.