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Missouri Minute: Lawmakers set to offer GM $50 million in tax incentives; CarMax to bring about 300 jobs to KC



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Coffee will be flowing in St. Louis offices this morning. The Blues pulled off a double-overtime victory Tuesday night to advance in the Stanley Cup Playoffs, no doubt keeping some Minutes readers up past their bedtimes in the process. Tired or not, there’s lots of big business news today, like CarMax bringing an influx of jobs to Kansas City, state lawmakers offering tax incentives for GM and a Benson Hill Biosystems building a new headquarters in the St. Louis area.


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Missouri lawmakers set to offer GM $50 million in tax incentives
Sate lawmakers and Gov. Mike Parson are expected to offer the tax incentives package, which requires legislative approval, as a way of enticing General Motors to invest $750 million in its Wentzville plant. (St. Louis Post-Dispatch)

CarMax to bring about 300 jobs to new KC facility
The car retailer plans to establish a customer experience center in Olathe, Kansas, that’s set to open in July. The company has two retail locations in the Kansas City area. (Kansas City Business Journal)

Kansas City-based smart home company acquired by San Diego property tech firm
Smart home startup Zego has been acquired by a property tech firm in San Diego called PayLease. Zego’s technology will be integrated into PayLease’s app. (Startland News)

Kansas City company says it could help 3-D print the Notre Dame spire
Dimensional Innovations has a new $2.2 million printer that company says could help rebuild the Notre Dame spire that was destroyed by a fire in April. (Startland News)

SSM sells health and hospice services to MU affiliate
SSM is selling its hospice care services in Audrain County to the Louisiana-based LCH Group, an affiliate of University of Missouri Health Care. The ownership transfer will be finalized June 1. (Columbia Daily Tribune) 

Kansas City mayoral candidates debate incentives, infrastructure
Tax breaks for businesses and dilapidated roads were among the topics covered by Jolie Justus and Quinton Lucas in a 30-minute debate Monday, the first of 12 forums for the candidates. (KCUR)


Say that again

“I can’t say I ever envisioned this. The momentum we’ve gained has exceeded our expectations.”

Benson Hill Biosystems President Matt Crisp said the company, founded in 2012, is progressing faster than he and his co-founder could have imagined. The plant science company plans to build a new headquarters in Creve Coeur and expects to increase its workforce to 300 employees, the St. Louis Post-Dispatch reports.


Go figure

187

That’s the number of tenured faculty members who have accepted a voluntary buyout from the University of Missouri System, effective July 1 for 12-month faculty and Sept. 1 for nine-month faculty, the Columbia Daily Tribune reports. Faculty who are leaving will receive payments of 1.5 times their benefit-eligible salary, up to $200,000.


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It took two overtime periods in a game that ended after 11 p.m., but the St. Louis Blues won Tuesday night, advancing one step closer to capturing their first Stanley Cup. St. Louis native Patrick Maroon scored the game-winning goal. Sleepy St. Louisans, repeat after us: more coffee, please.


Hello, my name is

Randy Cole  

Columbia’s housing programs manager spends his days drafting plans for more affordable housing, meeting with community members and engaging with city leaders. As director of the Columbia Community Land Trust, Cole envisioned the Lynn Street Cottages, an affordable housing development of eight energy-efficient single-family homes, the Columbia Missourian reports. Cole’s office buys real estate, works to get grant funding and provides services for low-income residents.