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Nicole Lunger/Missouri Business Alert

Missouri Minute: House passes budget; KC startup scores $100 million round



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House passes $29 billion state budget
The fiscal year 2020 budget, which now heads to the Missouri Senate, includes $100 million in un-earmarked funds for infrastructure repairs. (Associated Press)

States may sue to block Sprint, T-Mobile merger
About a dozen states, led by attorneys general from New York and California, are weighing legal options to block the deal on antitrust grounds. (Bloomberg)

KC startup PayIt scores $100 million investment
The company, which makes a digital platform that governments can use to provide services to their citizens, expects to double its headcount within the year. (Startland News)

FBI mulls new $129 million office in St. Louis
The new facility would span 10 acres on the expanded National Geospatial-Intelligence Agency campus, where groundbreaking is planned for this summer. (St. Louis Business Journal)

Bayer stands by Monsanto weedkiller as losses mount in court
The parent company to Creve Coeur-based Monsanto said it will continue to “vigorously defend” the Roundup weedkiller, which it considers safe even after a federal jury blamed the product for a California man’s cancer. (Bloomberg)

Missouri Republicans continue push for Medicaid work requirements
Proponents of the bill say they are undeterred by a federal court ruling this week that barred Arkansas and Kentucky from implementing similar measures. (St. Louis Post-Dispatch)

Vehicle inspection bill passes Missouri House
The bill would exempt almost 1.2 million vehicles from biennial safety inspections currently mandatory for all vehicles more than five years old. (Associated Press)

State lawmakers take aim at Better Together
Multiple resolutions seek to compete with the St. Louis city-county merger proposal on a statewide ballot. (St. Louis Post-Dispatch)

St. Louis MetroLink awards $500,000 contract to Canadian firm
Montreal-based WSP Global will implement safety recommendations it has submitted. (St. Louis Business Journal)


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If Friday at 5 o’clock means you’re looking for libations, your best bet in Missouri might be in Gasconade County. The east-central Missouri county has the highest number of active alcohol licenses per 10,000 residents in the state. Today’s graphic looks at the Missouri counties where such licenses are most and least abundant.


Say that again

“The banking industry needs some help. We can’t accept any deposits from them, which has and will lead to money laundering. I don’t know if Congress will pass it. Lots of states are against it.”

Despite Missouri’s legalization of medical marijuana last year, banks find themselves unable to provide financial services to legitimate cannabis firms, the St. Louis Business Journal reports. St. Louis-area bankers like Rick Bagy, president of Central Bank of St. Louis, believe a bill in Congress will provide the safe harbor they would need to work with state-sanctioned marijuana businesses, but they are skeptical that it will pass. The House Financial Services Committee moved Thursday to advance the bill to a vote on the House floor, Forbes reports.


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Sunset Hills-based Panera Bread found itself at the center of the #bagelgate controversy this week after a customer posted a photo of vertically sliced bagels. The so-called “St. Louis secret” way of serving bagels drew the ire of social media users, including U.S. Senate Minority Leader Chuck Schumer, who tweeted “St. Louis, fuhgeddaboudit.”


Hello, my name is

Steven M. Scott
The interim president of SSM Health St. Louis University Hospital has been named the permanent replacement for Kate Becker, who left last July to lead the University of new Mexico Hospitals, the St. Louis Post-Dispatch reports. Scott joined SSM in January.

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