Good morning, MBA readers,
A special session to discuss the governor's $700 million tax cut plan will be delayed by a week as Missouri lawmakers continue to debate the proposal. Plus, St. Louis' recently-restarted Loop Trolley will receive $1.3 million in federal funding, and construction companies across the state are struggling to hire enough workers. Your Thursday business news continues below.
Special legislative session postponed
Negotiations continue surrounding Gov. Mike Parson’s $700 million tax cut plan, spurring officials to delay the session by at least a week to coincide with the annual veto session.(Missouri Independent)
Loop Trolley approved for federal grant
In a reversal of a previous decision, a regional board has green-lighted a $1.26 million grant to continue operating the recently restarted trolley. (St. Louis Post-Dispatch)
Metro East Planned Parenthood extends hours
Following an increase in out-of-state abortion patients, the clinic on the Illinois side of the St. Louis metro area will extend its operations by two hours each week. (St. Louis Public Radio)
Credit union and local college partner to open KC community center
CommunityAmerica Credit Union and Metropolitan Community College will open the Community Access Center aimed at improving financial literacy. (Kansas City Business Journal)
Kansas City political consulting firm acquires Pennsylvania company
Axiom Strategies will acquire fellow Republican consulting firm Hallowell, Brooks & Pontarelli. Terms of the deal were not disclosed. (Kansas City Business Journal)
Say that again
“There’s somewhat of a jaded mindset about the downtown, but if you take an outside look at it, it’s got characteristics that are very unique and one of a kind. You just don’t have it anywhere else in the country.”
That’s Greg Gleicher, CEO and founder of New York-based Good Developments, speaking about his plans to renovate part of the St. Louis riverfront area. The St. Louis Business Journal reports that the firm’s $1.2 billion Gateway South project hopes to transform the area near the Gateway Arch into a multi-use development that highlights the area’s transit and industrial history. Gleicher, a graduate of Washington University, has fostered a dream for the space after seeing the property regularly listed for sale. The St. Louis Port Authority signed a preliminary development agreement with the firm last month, but the enormous project could be completed by 2030.
That’s how many companies had difficulty filling open positions for hourly craft workers, according to a new survey from industry trade group Associated General Contractors of America and data firm Autodesk. The St. Louis Post-Dispatch reports that construction firms across the state have been struggling with staffing at all levels, with 77% reporting trouble filling salaried positions. Most companies attribute this to applicants' lack of necessary skills or inability to pass a drug test.
What an honor to have @ArtsInfoGuy in from D.C. today to talk about the upcoming Arts and Economic Prosperity Study underway in St. Louis. We had more than 200 arts organizations, artists and community members join us today for a great presentation and discussion. #stlarts pic.twitter.com/0dh36rKH2F— Regional Arts Commission (@RACStLouis) August 30, 2022
The Arts and Economic Prosperity study will once again be conducted in St. Louis to research the financial impact of arts organizations on the region. The study was last conducted in 2017, which revealed that the arts provided nearly $600 million to the region during the 2015 fiscal year, St. Louis Public Radio reports. Results will be released next September, which officials hope will once gain exhibit the economic importance of the arts to the community.
Hello, my name is
This Olathe startup is creating technology that could revolutionize mRNA vaccines and cancer treatment, Startland News reports. The firm works with both human and animal health companies to create vaccines and drugs that use stabilizers for more consistent dosage and delivery. Its goal is to remove the component of the mRNA vaccines that require extreme cold so that they can be made more accessible.
It’s been a pleasure doing business with you this morning.