Hello, MBA readers,
Picking up where it left off at the end of 2020, renter advocacy group KC Tenants gathered Thursday at the downtown Kansas City courthouse to protest evictions in the midst of the COVID-19 pandemic. Though the federal government allows for people facing eviction to file for a moratorium valid through the end of January, some renters do not know that this option is available, the tenant group says. As renters continue to face the effects of the pandemic, employment also suffered in December. U.S. payrolls shed 140,000 jobs last month, marking the first month of job losses since April. Meanwhile, in the wake of Wednesday’s attack on the U.S. Capitol by supporters of President Donald Trump, Sen. Josh Hawley continues to face backlash for his role in challenging the election results. Publisher Simon & Schuster has announced that it will no longer publish the Missouri senator’s book about Big Tech, which was due to be released in June.
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December jobs report shows first losses in eight months
Nonfarm payrolls in the U.S. decreased by 140,000 in December as the unemployment rate held steady at 6.7%, indicating the toll a surge in coronavirus cases has taken on the labor market. (Bloomberg)
NPC International agrees to terms on bankruptcy sale
The bankrupt Wendy’s and Pizza Hut franchisee based in the Kansas City area has reached separate agreements with Flynn Restaurant Group and Wendy’s International to sell its assets. (Kansas City Business Journal)
TricorBraun sold in private equity deal
The St. Louis packaging company, which had 2019 revenue of $1.26 billion, will be acquired by Ares Management’s private equity group and Ontario Teachers’ Pension Plan Board. Terms were not disclosed. (St. Louis Business Journal)
KC Tenants protest evictions in Jackson County
The advocacy group demonstrated Thursday at the county courthouse in downtown Kansas City as part of its push for a “zero eviction January.” Although a national eviction moratorium was extended through month’s end, the group says many renters do not know how to seek that federal protection. (Kansas City Star)
MU Health Care taps Burns & McDonnell to design hospital
The Kansas City-based engineering firm will partner with Dallas-based architecture firm HKS on the $232 million, 323,000-square-foot facility focused on women’s and children’s care. (Kansas City Business Journal)
Orizon Aerostructures raises $50 million private equity investment
The Kansas City-based company, which manufactures and assembles aerostructure components, raised the capital from American Industrial Partners. (Kansas City Business Journal)
Kansas City Restaurant Week shifts focus to carryout orders
The event begins Friday and runs through Jan. 17, with more than 170 restaurants participating. (Kansas City Star)
Philanthropy won’t pay for aerial surveillance in St. Louis without public money
Texas-based Arnold Ventures said it would consider paying for the proposed plan to help St. Louis police fight crime if the city contributes funding to demonstrate public support for the program. (St. Louis Post-Dispatch)
Say that again
“People are forming new habits. We’re fortunate that we’re diversified.”
That’s Dale Huff, owner of Nutriformance, a gym and Pilates studio in the St. Louis area, speaking to the versatility of his company’s trainers during the pandemic, the St. Louis Post-Dispatch reports. Recently, personal trainers from the business have taken their services directly to customer with home visits. They travel with a variety of workout equipment, charging about $80 an hour for the visits. While some fitness enthusiasts have turned to online or virtual workouts, others feel that these alternatives don’t provide enough guidance, leading to the rise of in-home personal trainers.
Gov. Mike Parson has released $127 million in funds previously withheld from the state’s 2021 fiscal budget when the pandemic began, the Columbia Missourian reports. All told, the state restricted about $449 million at the start of the fiscal year to ensure a balanced budget. About $26 million of the newly released funds will go to the Department of Higher Education and Workforce Development, with additional funding being dispersed to other state departments. Parson also announced $68 million in federal funds for infrastructure and capital improvements at public universities in Missouri.
— Brian Stelter (@brianstelter) January 7, 2021
In the aftermath of the violence at the U.S. Capitol on Wednesday, publisher Simon & Schuster announced that it will no longer publish Sen. Josh Hawley’s book, citing Hawley’s “role in what became a dangerous threat to our democracy.” Hawley, a Republican from Missouri, led efforts to object to the certification of Electoral College results, and critics have said his rhetoric helped incite Wednesday’s Capitol attack. Hawley issued a statement in response to Simon & Schuster’s decision, calling it “a direct assault on the First Amendment.” The publisher said the cancellation is within its contractual rights.
It’s been a pleasure doing business with you this morning.