business

Illinois / Tax Cuts
1:15 pm
Mon November 28, 2011

Ill. legislative committee OKs smaller tax-break package

An interior look at the dome of the Illinois State Capitol building in Springfield, Ill.
(via Flickr/jglazer75)

Updated 3:47 p.m.:

A package of tax breaks for Illinois businesses made it through a legislative committee despite major concerns by lawmakers.

The House Revenue Committee approved the measure 6-0 Monday. But two important legislators said they may oppose the bill when it comes up on the House floor.

The package would cost state government about $250 million a year. That's down from $850 million in an earlier proposal.

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MO Statehouse/Adult business restrictions
1:59 pm
Tue November 15, 2011

Mo. Supreme Court upholds restrictions on adult businesses

The Missouri Supreme Court has upheld a 2010 law that restricts the way sexually oriented businesses operate in Missouri.
(via Flickr/David_Shane)

The Supreme Court of Missouri has rejected a constitutional challenge to a 2010 law that put strict limits on the way businesses like strip clubs and adult bookstores can operate in the state.

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MO Statehouse
11:02 am
Tue October 11, 2011

Nixon says House business incentives bill only widens differences

Mo. Gov. Jay Nixon.
(UPI/Bill Greenblatt)

Missouri Gov. Jay Nixon says a business incentive bill passed by the House has widened the differences with the Senate in a special legislative session.

Nixon said Tuesday that he prefers the Senate version of the legislation but hopes lawmakers can still settle their differences and send him a bill.

Republican senators were to meet privately later Tuesday to discuss the legislation passed last week by the House.

Business Incentives
4:47 pm
Wed October 5, 2011

Mo. House panel advances business incentive bill

Lambert-St. Louis International Airport.
(via Flickr/dbking)

A Missouri House committee has advanced legislation offering new incentives for some businesses and international exporters.

The vote Wednesday by the House Economic Development Committee could pave the way for the full chamber to debate the bill Thursday.

The plan creates incentives for computer data centers, amateur sports events and air cargo exports at the St. Louis airport. It also scales back some existing tax credits, but not as much as proposed under a version passed last month by the Senate.

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Morning round-up
9:21 am
Wed October 5, 2011

Morning headlines: Wednesday, October 5, 2011

The announced attendance was 46,914 at Busch Stadium in St. Louis for the Cardinals' playoff game against the Philadelphia Phillies on Oct. 4, 2011.
(Rachel Lippmann/St. Louis Public Radio)

RCGA: Economic impact of first-round playoffs $5.2 million

The St. Louis Regional Chamber and Growth Association says the economic impact of the Cardinals in the first-round playoffs approaches $5.2 million per game, based on the typical game drawing a capacity crowd.

The association says that if the Cardinals played all possible games through the World Series, the impact would approach that of having the 2009 All-Star Game in St. Louis at more than $56 million.

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MO Statehouse: Adult business restrictions
12:22 pm
Wed September 7, 2011

State high court hears arguments on adult business restrictions

The Missouri Supreme Court is hearing a challenge today to new restrictions on adult businesses like strip clubs.
(Marshall Griffin/St. Louis Public Radio)

The Missouri Supreme Court heard oral arguments today in a lawsuit that challenges the constitutionality of new restrictions on strip clubs, adult video stores, and other adult businesses.

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Joplin Tornado
3:16 pm
Fri June 24, 2011

Nixon announces programs to aid Joplin businesses

Mo. Gov. Jay Nixon and First Lady Georganne Nixon talk with police outside Saint John's Mercy Hospital in Joplin, Mo. on May 23, 2011.
(UPI/Tom Uhlenbrock)

The Missouri Department of Economic Development will use $50 million in bond money to help Joplin-area manufacturers recover from the May 22 tornado.

Gov. Jay Nixon was in Joplin Friday to announce $75 million in awards and modifications of existing programs aimed at helping business and industry in the Joplin area. Two-thirds of that funding comes from Private Activity Tax Exempt Bond capacity that has been set aside to aid the region.

Joplin Tornado
12:00 pm
Fri May 27, 2011

132 now dead, 156 unaccounted for in Joplin, 4,000 jobs affected by tornado

Members of Missouri Rescue Task Force 1 walk the streets of Joplin, Missouri looking for survivors after a tornado destruction on May 23.
(UPI/Tom Uhlenbrock)

The state of Missouri says the number of people missing or unaccounted for since the Joplin tornado is now at 156.

Missouri Department of Public Safety deputy director Andrea Spillars said Friday that officials are working 24 hours a day to trim the list that stood at 232 a day earlier.

Here is a link to the updated list of those unaccounted for.

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Arch Coal
11:02 am
Mon May 16, 2011

Arch starts offer for International Coal shares

The raw product behind coal power, coal itself.
(via Flickr/[sic])

Arch Coal Inc. says it's started $14.60 a share tender offer for rival International Coal Group.

Arch says the offer that started Monday expires June 14.

The St. Louis-based coal industry giant agreed to buy ICG for $3.4 billion May 2.

The deal is designed to exploit growing demand for high-priced coal used to manufacture steel. Arch says the combined companies would be the nation's second largest supplier of metallurgical coal.

Illinois State Budget
12:24 pm
Wed April 27, 2011

Ill. budget woes mean long waits for tax refunds

The Illinois State Capitol building in Springfield, Ill.
(via Flickr/jglazer75)

Illinois businesses waiting for long-overdue tax refunds aren't getting any good news from the state capitol.

Illinois owes about $850 million to roughly 36,000 businesses that overpaid their income taxes. Some have been waiting since 2008 to get their money.

Gov. Pat Quinn proposed borrowing money to pay the refunds, but legislators have shown little interest in that idea.

Budget proposals being considered by Democratic lawmakers would do little to chip away at the backlog.

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