Good morning, MBA readers,
It’s the last day of the workweek and first day of summer, meaning this Friday will feature a heaping helping of daylight. Fittingly, it also brings an abundance of business news. So before you ride off into the weekend, rise and shine with news of hiring sprees for Zillow and GM, redevelopment plans for an old St. Louis mall and a San Francisco startup eyeing a move to Kansas City.
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Mercy hospital system announces job cuts
The Chesterfield-based health care organization will cut less than 1% of its 45,000 staff due to reduced reimbursements from Medicare and Medicaid. (Springfield News-Leader)
Wentzville GM plant hiring 300 part-time production workers
General Motors is looking for 300 people to fill part-time positions for three days a week for $16 an hour. (KSDK)
Zillow expanding KC-area presence
Mortgage Lenders of America, which Zillow acquired last year, was recently rebranded as Zillow Home Loans. It will add 100 new jobs to its existing 305 employees in Overland Park, Kansas, and become a mortgage hub for the Seattle-based home listing site. (Kansas City Business Journal)
Hazelwood advances outlet mall redevelopment
The Hazelwood City Council unanimously approved plans to convert the nearly vacant St. Louis Outlet Mall into a 160-plus-acre sports complex. The city hopes to have all the financing secured by Aug. 30. (St. Louis Post-Dispatch)
St. Louis County scores $400,000 federal redevelopment funds
The funds, awarded by the Environmental Protection Agency, are to be used to redevelop abandoned properties into housing, recreational space and other community assets. (St. Louis Post-Dispatch)
St. Louis-area industrial equipment dealer sells to private equity firm
New York’s Brightstar Capital Partners has teamed with members of Gateway Bobcat’s leadership team to acquire the Valley Park-based company, which has 225 employees at 11 locations. (St. Louis Business Journal)
Team Drive-Away acquires KC transporter
The Olathe, Kansas-based truck transporter has acquired Kansas City’s Driveaway USA. The deal will give Team Drive-Away access to new markets, the company said. (Kansas City Business Journal)
Judge denies motion to dismiss union lawsuit against Columbia schools
Boone County judge Jodie Asel has given both parties seven days to work out a new proposal to determine Columbia Missouri National Education Association’s status as a collective representative for Columbia School District teachers. (Columbia Missourian)
Benson Hill taps food industry expert for operations chief
Chris Wilkins, a former ConAgra and Treehouse Foods executive, will serve as chief operating officer for the St. Louis biotechnology startup. (St. Louis Business Journal)
Say that again
“People, I think, would rather work for a family business where there’s actually family involved rather than a huge corporation where you’re a number. It’s not by accident that we’ve been in business for 122 years.”
That’s Jeff Glik, president and CEO of Glik’s, a clothing retailer based in Granite City, Illinois. Founded by Joseph Glik in 1897, Glik’s now has 630 employees across 65 stores in 11 states, the St. Louis Business Journal reports. For the last two decades, Glik’s has added four to five new stores a year without taking on new debt for expansion. Retailers who grow too quickly, Jeff Glik said, may find themselves in trouble.
That’s how much Boeing stands to make if a tentative sale of its controversial 737 Max aircraft goes through, the Associated Press reports. IAG, owner of British Airways, has signed a letter of intent at this week’s Paris Air Show for 200 Max aircraft worth $24 billion. Boeing said Thursday that it’s in negotiations with several other customers interested in the aircraft. Boeing’s latest sales calls indicate the end of a slump that began last October when Lion Air Flight 610, a Boeing 737 Max 8 flight, crashed and killed nearly 200 passengers. The subsequent crash of Ethiopian Airlines Flight 302 in March, another Max 8 flight, led to a global grounding of all Max flights.
Hello, my name is
The San Francisco-based startup plans to move to Kansas City next year in the midst of a $1.5 million funding round, Startland News reports. FriendMedia helps physicians market to existing customers with custom promotional content displayed on screens at the point of care. Nick Magruder, FriendMedia’s CEO and a Kansas City native, said he hopes to lower operational costs by moving the company from the West Coast to the Midwest.
Mark your calendar
Columbia Chamber Membership Dinner & Awards Banquet | Tuesday, 5:30-8:30 p.m. | $50 | University Club
Top of the Town | Thursday, 6-9 p.m. | $35 | Rose Music Hall
Network Like The 90s | June 29, 4-9 p.m. | VIBEZ
Accessing Capital in KC | Tuesday, 9 a.m. – noon | $20 | Kauffman Foundation Conference Center
Sprint Accelerator Program Demo Day | Thursday, 9-11 a.m. | Free | National World War I Museum and Memorial
KC Pitch Practice | Thursday, 4-5 p.m. | Free | Plexpod Westport Commons
KC Startup Chowdown | Thursday, 5-6 p.m. | Free | Plexpod Westport Commons
Efactory speaker Series: Brent Brown | Wednesday, 4-5 p.m. | $10 | Efactory
Rural Strong: Powering Rural Small Business | Thursday, Noon – 1 p.m. | Free | El Dorado Springs Youth Center
Leadercast Women rebroadcast | Tuesday, 6:30-8 p.m. | Free | St. Louis County Library – Daniel Boone Branch
It’s been a pleasure doing business with you this morning. Here’s to an illuminated solstice and a wonderful weekend.