Erika Peepo/Missouri Business Alert
Here are today’s top business headlines from across Missouri:
UMB Financial Corp. will get cash for the planned sale of Scout Investments, Inc., a subsidiary it has owned for 35 years. Founded in 1982 as a division of UMB Bank, Scout will be sold for $172.5 million to Carillon Tower Advisers, a division of Raymond James Financial Inc. that is based in St. Petersburg, Fla. Read more
Centene Corp. will break ground Friday on its $770 million expansion in downtown Clayton, which has faced opposition from nearby residents. The campus expansion in the St. Louis suburb will make way for office space and parking to accommodate 2,000 more workers. Read more
Senators have been holding up progress on adopting Missouri’s 2018 budget and many other key legislative goals by holding a series of filibusters that repeatedly bring action to a standstill. Read more
In Springfield, four new hotels are currently under construction. Work on a fifth is slated to begin in the coming months. And they arrive following a string of good years for the city’s lodging industry. Read more
Metro transit’s former headquarters in Laclede’s Landing is slated to be converted into 26 new apartments and offices for hundreds of new workers that a marketing agency next door plans to add. St. Louis Development Corp. approved on Thursday using $5 million in New Markets Tax Credits for the $11 million project led by Brian and Mike Minges of Advantes Development, according to an SLDC report. Read more
Want the state’s top business and entrepreneurship news in your inbox? Sign up here for our newsletters.