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Good morning, MBA readers,
It’s Monday, but we’re here to help you through it. Wade into your workweek by reading about pushback to a proposed Ameren wind farm, the FCC’s take on the Sprint-T-Mobile merger and a spooky seasonal showcase that drew thousands to downtown St. Louis.
Feds assure contractors NGA project will not be affected by Trump’s border wall
The Army Corps of Engineers said the National Geospatial-Intelligence Agency facility in north St. Louis remains on schedule for completion in April 2023. (St. Louis Post-Dispatch)
Kansas City residents asked to conserve water
KC Water said water from the Missouri River remains murky and difficult to treat after last week’s flooding. (Kansas City Star)
PepsiCo to close KC plant after profits dropped 16 percent
The company will lay off 57 workers starting May 17. (Kansas City Business Journal)
Atchison County resists Ameren wind farm project over state’s tax structure
Under current state law, wind farm revenues go to the state for eventual redistribution, instead of pumping tax dollars directly into the county. (St. Louis Post-Dispatch)
Cultivation Capital spinoff firm launches new VC fund
Tennessee-based FINTOP, which has roots in St. Louis, has listed the fund’s offering as “indefinite” and states the fund has yet to make a sale. (St. Louis Business Journal)
Advocacy groups link payday lending to poor health
A new report from Human Impact Partners and Missouri Faith Voices suggests high-interest, short-term loans are a precursor to health problems. (Springfield News-Leader)
Kansas man wins $50 million Missouri lottery
The Shawnee, Kansas, man bought a winning Mega Millions ticket at a Quiktrip in Kansas City, Missouri, earlier this month. (Columbia Missourian)
Pixel Jam Digital
Erica Martin offers a straightforward explanation for the name of her business. “If it has a pixel,” she explains, “I pretty much work with it.” The Columbia entrepreneur started her digital agency last summer, and she delivers today’s elevator pitch.
Medicine and dentistry are the best occupations for people looking to maximize their hourly income, according to Missouri Economic Research and Information Center data. Today’s graphic looks at average hourly wage by occupation in Missouri, and providers of health or dental care occupy nine of the top 10 spots.
Say that again
“I don’t think it is improper for me to consider the impact on jobs, jobs gained and jobs lost.”
As a Kansas City native, Geoffrey Starks, the newest member of the Federal Communications Commission, says T-Mobile’s $26 billion merger with Sprint hits close to home. Starks has met with Sprint CEO Michel Combes in a series of meetings, but both have declined to reveal the contents of their discussions, The Kansas City Star reports.
That is the estimated economic impact on the St. Louis region from this year’s TransWorld Trade Show, a four-day Halloween trade show at America’s Center in downtown St. Louis. The event, which wrapped up on Sunday, drew an estimated 10,000 people and 400 exhibitors. Organizers say TransWorld will return at least twice more, the St. Louis Business Journal reports.
Hello, my name is
The hiring platform, founded by University of Missouri-St. Louis student Letisha Wexstten, won the $15,000 first-place prize at the university’s Entrepreneur Quest pitch competition. HireMe will compete against winners from other University of Missouri System campuses for an additional $15,000, $10,000 and $5,000 prizes, The St. Louis Post-Dispatch reports.
Word to the wise
Modern monetary theory
The theory argues that countries like the U.S. don’t need to worry about rising deficits since they can print more money to pay interest, Bloomberg Businessweek reports. While not a wholly new concept, MMT has sparked renewed support and criticism from economists and policymakers ahead of the 2020 presidential election. In 2017, the University of Missouri-Kansas City Department of Economics hosted the inaugural International Conference of Modern Monetary Theory.
It’s been a pleasure doing business with you this morning. Until tomorrow, you can catch up on the latest episode of our Speaking Startup podcast. And, if you found this newsletter valuable, share it with a friend.