Good morning, MBA readers,
The Great Corn Syrup War of 2019 is over, for now. After a court ruling restricted Anheuser-Busch’s use of the term “corn syrup” in ads, the beverage giant is expected to present a defense of existing Bud Light packaging that claims the beer has “no corn syrup.” Meanwhile, the state of Missouri has finalized regulations for its nascent medical marijuana industry and Bass Pro has escalated its feud with a vacation rental company.
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From our newsroom
No joke: Study suggests humor can help entrepreneurs’ pitches
A recent University of Missouri study considering a variety of factors that influence investment decisions found that humor can be a compelling advantage in entrepreneurial pitches.
‘Business ownership is scary’: Amanda Quick opened a coworking space to offer entrepreneurs support
The Hatchery debuted in Columbia in 2017. This January, the coworking space opened its second location. In a new audio diary, Amanda Quick describes what drove her decision to start the business.
Rains worsen already-flooded Mississippi River
The National Weather Service says flooding in St. Louis could reach the second-highest level ever — 14 feet above flood stage on June 4. (Associated Press)
Missouri finalizes medical marijuana rules
The revised rules, which outline the application process and other regulations for growers and dispensaries, will be implemented starting June 3. (Columbia Missourian)
Ballot measure could scale back KC development tax breaks
The Coalition for Kansas City Economic Development Reform has collected enough signatures to ask voters next month to cap tax incentives for developers at 50 percent. (KCUR)
Harley-Davidson ends production at KC plant
The Milwaukee-based motorcycle maker first announced the closure in January 2018, resulting in the loss of about 800 jobs at the Kansas City plant. (Kansas City Business Journal)
Court sides with MillerCoors on Anheuser-Busch’s corn syrup ads
The ruling bars Anheuser-Busch from using certain language used prominently during its Super Bowl ad campaign. (St. Louis Business Journal)
KC organization receives $50 million in New Markets Tax Credits
The Central Bank of Kansas City’s community development corporation was previously awarded $55 million last year and $80 million a year earlier. (Kansas City Business Journal)
Bass Pro boots vacation rental kiosks amid lawsuit
The Springfield-based outdoor sports retailer will no longer allow Bluegreen Vacations Unlimited to sell vacation packages from kiosks inside its stores as Bass Pro sues Bluegreen over commission payments. (Springfield News-Leader)
Say that again
“The KC sports feel helps us tremendously, here in the Midwest.”
Victor Rojas, founder of the sports clothing line Big Fly Gear, said his business has grown steadily since it started in February. The clothing line celebrates baseball history, and Rojas says the brand tells a story through its vintage feel, Startland News reports. Rojas has historic ties to Kansas City baseball — his father is Cookie Rojas, a Royals Hall of Famer who was the team’s second baseman and manager.
That’s how much housing prices in the St. Louis area rose over the last 12 months, according to data from the Federal Housing Finance Agency. In the first quarter of 2019, prices rose 1.2%. Now, prices are 13% higher than they were in December 2006, the St. Louis Post-Dispatch reports. The FHFA says prices have risen in the past year for 95 of 100 largest metropolitan areas.
Hello, my name is
The scheduling startup that began in a Kansas City barbershop plans to use artificial intelligence to auto-schedule customers by evaluating the peak times of service. So far, 10 barbers have signed up with the beta program, Startland News reports. Co-founders Saad Janjua and Carolyne Gakuria founded the startup while having trouble scheduling in their own barbershop. So, they decided to use their backgrounds in data science and AI to try to find a solution.