Morning minutes: July 18


Courtesy of Creative Commons
Courtesy of Creative Commons

Here are today’s top headlines from across Missouri:

Kansas City IT firm ECCO Select to expand HQ, hire 96 

ECCO Select, a Kansas City information technology firm, will receive more than $1 million in state funding for its expansion that will include a larger headquarters and 96 new jobs.

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Missouri considers ban on payday loan outlets collecting utility bills 

The Missouri Public Service Commission staff will recommend next month whether to draft a rule that stops allowing payday lenders to collect utility bill payments from customers.

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St. Louis-area medical tech firm raises $71 million 

Venture capital firms invested $78.5 million in St. Louis companies during the third quarter, the largest amount in nearly three years, but 90 percent of the money went into one investment: Essence Group Holdings of Maryland Heights, a medical technology firm that operates as Lumeris.

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Missourians more pessimistic about economy than most in US 

Missourians are far less optimistic about the economy than the rest of the nation, according to the inaugural effort by Arvest Bank to drill deeper into consumer sentiment. The initial Arvest Consumer Sentiment Survey showed the index in Missouri at 68.6, far lower than the national average of 82.5.

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Home sales get weaker in St. Louis Fed district 

Residential real estate market conditions in the Federal Reserve Bank’s St. Louis district ”have continued to deteriorate,” according to the Beige Book report, while residential home sales in the Kansas City district rose at a slight to modest pace.

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