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Here are today’s top business headlines from across Missouri:
Some in Missouri’s health care industry are sounding the alarm over the Senate health care bill’s proposed changes to fund Medicaid and its potential to adversely affect the state budget. Missouri and 32 other states use multiple taxes on health care providers as a way to help the state fund the government-run health insurance program for low-income residents. The Senate bill would lower the threshold on how much can be collected through provider taxes. Read more
A growing group of partners will team up with Burns & McDonnell on its pitch for a $1 billion terminal project at Kansas City International Airport. Bob Berkebile, co-founder of local architecture firm BNIM, will be principal emeritus of the team. Also joining are local architecture and design firms Populous, HOK, BNIM, Wellner Architects and Garcia Architecture. Read more
Key Missouri-related initiatives have been included in defense bills working their way through Congress. The House Appropriations Committee and the Senate Armed Services Committee Thursday included funding for 24 F/A-18E/F Super Hornets built by Boeing in St Louis. The Senate Armed Services bill also includes “full-funding” for the first-year of construction of a new National Geospatial-Intelligence Agency complex in St. Louis. Read more
Former employees of the bankrupt SunEdison have raised funding for a new development company focused on solar projects. Summit Ridge Energy is led by CEO Steve Raeder, who previously managed SunEdison’s East Coast commercial and industrial solar business. Summit Ridge will develop, finance and acquire commercial and industrial solar projects, with a focus on the Midwest and East Coast markets. Read more
After hitting rock bottom in 2009 and 2010, the sale of new boats and gear in Missouri has made a stunning recovery, riding a wave of purchases that likely set a record for new-boat sales in the state last year. New-boat sales dropped below $200 million in Missouri during the depth of the recession, but hit a record $339 million last year. Read more
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