Here are today’s top business headlines from across Missouri:
A bill intended to quash St. Louis’ minimum wage increase looked to be on the fast track this session, but it’s now on hold in the Missouri Senate as Republicans mull an overture to Democrats to avoid a filibuster. Senate Democrats have been threatening to block House Bill 1194/1193, which, as currently written, would bar cities and counties from raising the minimum wage higher than the state’s $7.65 an hour rate. Read more
Connected cars and connected cows arrive in Kansas City on Monday as the newest Sprint Accelerator class starts its intensive three-month program. Sprint Accelerator’s 2017 class has seven members and two themes — digital transformation and ag-tech. Kansas City-based Dairy Farmers of America has teamed with Sprint to work with the startups. Read more
Missouri Gov. Eric Greitens has signed a law to increase fines for illegal use of herbicides that damage other farmers’ crops. The new law allows the Department of Agriculture to fine anyone who damages another farmer’s crops, land or property with an improperly used herbicide. Read more
Where some entrepreneurs may see opportunities for innovation in the energy industry, leaders of Ameren, the University of Missouri-St. Louis and a local accelerator program, Capital Innovators, see a chance to attract them to St. Louis. At the Cortex Innovation Community in the city’s Central West End, those entities announced a new partnership Friday called the Ameren Accelerator program that will “assess, mentor and invest in energy technology startup companies.” Read more
U.S. farmers plan to seed a record amount of soybean acreage this spring, even with supplies trending near all-time highs, the government said on Friday. Growers will dial back their corn seedings this spring despite signs of firm demand as record stocks have cast a bearish tone over the futures and cash markets this year, threatening profitability for farmers. That’s significant news for growers in Missouri, where the annual value of soybean production averaged about $2.48 billion between 2010 and 2014. Read more
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