Missouri Minute: General Motors considers $1 billion expansion; Sinclair to buy Fox regional sports networks

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It’s Friday, which means it’s almost the weekend. So let’s turn our attention to cold ones for a moment, shall we? While the St. Louis Brewers Heritage Festival has been scratched from the summer schedule, Columbia’s Logboat Brewing Co. is bringing back a signature beer. But before you indulge in any libations, read up on a potential 10-figure expansion of General Motors’ Wentzville plant, a surge in University of Missouri enrollment and a ride-hailing app that doesn’t go by the name Uber or Lyft.


From our newsroom

Speaking Startup: Your business does what?
In our latest podcast episode, we talk with entrepreneurs behind some of the most unusual Missouri-based companies we’ve encountered to learn where their ideas came from and how they turned them into viable businesses.

Q&A: MU professor on teaching about Buffett, Berkshire Hathaway’s annual letter, succession plans
Berkshire Hathaway will hold its annual shareholders meeting this weekend, offering a window into the investment philosophies of famed financier Warren Buffett. Andrew Kern, a University of Missouri finance professor, teaches a class on that very subject.

Mid-Missouri businesses discuss steps to ‘save our species’
Columbia’s annual Earth Day celebration focused on the theme “Save Our Species.” Dozens of vendors worked booths at the event and shared steps they take to run businesses that are environmentally friendly.


Stay alert

General Motors considers $1 billion expansion of Wentzville plant
GM leaders asked Gov. Mike Parson for subsidies to make the offer happen. Parson wants lawmakers to act quickly. (St. Louis Post-Dispatch)

Sinclair to buy Fox regional sports networks
The broadcast group would gain control of a group of channels including Fox Sports Midwest, which covers St. Louis, and Fox Sports Kansas City. (Bloomberg)

Stenger guilty plea anticipated Friday
The former St. Louis County Executive, who was indicted on three charges of theft of honest services, is expected to plead guilty. (St. Louis Post-Dispatch)

Missouri continues to lag national GDP growth rate
The state’s gross domestic product grew 2.3% last year, while the country’s overall growth rate was 2.9%. (St. Louis Post-Dispatch)

Missouri lawmakers pass bill to limit out-of-state plaintiffs  
Senate Bill 7 revises the venue and joinder law and seeks to keep non-Missouri plaintiffs from loading courts with lawsuits in the hope that they’ll get a more favorable outcome. (Kansas City Star)

University of Missouri first-year enrollment expected to spike 15%
The enrollment boost, which isn’t finalized, is attributed to a stronger emphasis on tuition affordability, scholarships and recruitment. (Columbia Missourian)

Brewers Heritage Festival canceled
The St. Louis event brought together more than 60 local breweries the past 12 summers. (St. Louis Post-Dispatch)

MU sued by Brazilian education firm over ‘bad faith’
High School Serviços Educacionais is suing MU in federal court over claims that the university breached an agreement when it sent HSE an invoice for an unexpected $4.1 million. (Columbia Daily Tribune)

Heat pipe manufacturer opens 33,000-square-foot plant in Columbia
ThermAvant Technologies is quadrupling engineering and manufacturing spaces and has room to increase its workforce from 30 to more than 100. (Columbia Missourian)

Cape Girardeau-based carGO to launch ride-hailing app in Springfield
The app is expected to go live Friday amid buzz from local Uber and Lyft drivers. (Springfield News-Leader)


Go figure

163

Investors were bullish on beef alternatives Thursday. Beyond Meat, which makes plant-based meat substitutes, debuted on the Nasdaq and saw its share price spike 163 percent, the Associated Press reports, ending the day at $65.75.


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Logboat Brewing Co. is set to relaunch one of its signature beers, the company announced Thursday. After a hiatus, the beer has grown in size — from 12-ounce cans to 16 ounces.


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Mobility Designed

The Kansas City-based maker of mobility devices has raised $1.7 million in a funding round that company founders Max and Liliana Younger said will boost sales and marketing efforts. They received about $1 million in seed money and since then have sold their product in 21 countries, Startland News reports.

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