Nicole Lunger/Missouri Business Alert
Here are today’s top business headlines from across Missouri:
There’s still plenty of unfinished business as the final week of the legislative session kicks off Monday. Gov. Eric Greitens is still waiting for his fellow Republicans in the House and Senate to send him bills to ban gifts from lobbyists, create state-funded scholarships that some students could use to attend private schools and allow the Department of Revenue to issue driver’s licenses that comply with federal Real ID standards. Read more
A federal judge has blocked portions of a constitutional amendment Missouri voters passed in November as a way to limit the influence of money in politics. The $2,600 campaign contribution limit will remain in place, under the judge’s order. However, the order blocks other portions of the new law, including a restriction against donations from foreign corporations and a provision that prohibited transfers between political action committees. Read more
For the second consecutive year, the University of Missouri expects a drop in enrollment for its fall freshman class. About 4,000 first-time college students are expected to enroll in August, according to an MU news release. As of last Monday, 4,009 students paid the fall enrollment deposits, which is the figure officials used to make their projection. That’s down about 15 percent from last year. MU hasn’t enrolled fewer than 4,000 first-time students since 1999. Read more
Dundee Venture Capital, an Omaha-based venture capital fund focused on software and e-commerce startups in the Midwest, announced that it has raised a third investment fund that’s oversubscribed at $31 million. The fund will target startups in a handful of Midwestern cities, including Kansas City and St. Louis. Read more
In a span of just 16 months, residents of waterlogged communities along the Meramec River and other swollen area waterways braced for and dealt with so-called “100-year” floods that have left damage, financial loss and heartache in their wake. Now, as the floodwater recedes in some communities, residents are left wondering how soon the next catastrophic flood will arrive. Answers from experts are not reassuring. Read more
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