Missouri Minute: St. Louis likely to land MLS team; Stifel Financial acquires Silicon Valley M&A firm

Want Missouri’s top business news delivered to your inbox every weekday? Subscribe here.

You’ve made it through a whirlwind week. As you prepare for the weekend, learn more about St. Louis’ soccer bid, a big gift for Truman Medical Center and the risky business of music festivals.

Stay alert

St. Louis likely to land MLS team as league expands to 30
Major League Soccer owners decided Thursday to add three teams to the league and enter “exclusive, formal discussions” with ownership groups from St. Louis and Sacramento. (St. Louis Post-Dispatch)

St. Louis financial services group acquires Silicon Valley M&A firm
Stifel Financial will acquire Mooreland Partners, which focuses on private capital advisory for the global technology industry. (St. Louis Business Journal)

Aurora Organic Dairy opens in Columbia
State and local officials and company executives celebrated the plant’s grand opening on Wednesday. The Colorado-based milk producer already has hired 100 workers for the facility. (Columbia Missourian)

Truman Medical Center receives record donation
The Sunderland Foundation donated $10 million to the Kansas City hospital. (Kansas City Star)

St. Charles railcar company’s manufacturing assets valued at $400 million
American Railcar Industries will sell its manufacturing business to The Greenbrier Cos. Inc. for about $400 million. (St. Louis Business Journal)

American, United add multiple daily flights to Columbia airport
The airlines are adding a combined three additional flights through Columbia Regional Airport. (KOMU)

St. Charles County booms as St. Louis city loses population
New census data show the St. Louis metro area registering hardly any growth. (St. Louis Post-Dispatch)

🚨 New pod 🚨

Speaking Startup: The risky business of music festivals

The latest episode of our Speaking Startup podcast examines the business of music festivals in Missouri. These events are often driven by ambitious entrepreneurs looking to deliver great experiences and make money. But in the race to become the next Coachella, overspending or under-planning can lead to catastrophe.

Show me

Sen. Roy Blunt discussed rural broadband this week in a speech to the Missouri House of Representatives, becoming the latest voice in a growing chorus of concerns about internet access in the state. Today’s graphic story looks at the availability of 25 Mbps broadband in Missouri.

Say that again

“At a time in the market where tech talent is scarce and growth is booming, programs like Prime represent a way to fill the skills gap with a talent source that is not just significantly more diverse than the established one, but also who bring industry context and experience that will improve the ability for development teams to understand their users and better serve their needs.”

Prime Digital Academy, a coding boot camp that came to Kansas City earlier this year, will offer ten $2,000 scholarships for students entering its 2019 cohorts, Startland News reports. The scholarships are designed to encourage people of color, women and others who are underrepresented in the industry, said Rachael Bromander, Kansas City campus manager and head of community engagement for Prime.

Go figure

780 miles

That is the proposed distance of land that the controversial Grain Belt Express power line project would span across Missouri and Illinois. The $2.3 billion project could become longer and costlier after Missouri House voted Thursday to ban the use of eminent domain to secure a path for the project. Grain Belt was initially proposed by Houston’s Clean Line Energy Partners and is currently in the process of being acquired by Chicago-based Invenergy, the Associated Press reports.

Hello, my name is


The formerly Silicon Valley-based startup celebrated its move to Kansas City at a Thursday reception with Gov. Mike Parson and Kansas City Mayor Sly James as guests, Startland News reports. Under an agreement with the Missouri Partnership, Scollar, a smart collar for pets, aims to create 200 new jobs in the area.


Read: TIME’s “100 Most Influential People
TIME released its annual list of the world’s biggest movers and shakers with a host of icons, artists, leaders, pioneers and titans.

Watch: “Why Boeing’s Max Fix Is Taking So Long” by Bloomberg

Take a look at why Boeing has struggled to fix the software behind its aircraft that has been grounded around the world following two deadly crashes of the jet in the past six months.

Listen: On Tax Day, The IRS Is Short Of Money” by NPR

NPR chronicles the Internal Revenue Service’s massive funding decline over the past decade. It has dropped nearly 25 percent in that time, which means chances of being audited have declined.

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students