Department of Economic Development

Mamtek
11:30 am
Tue September 25, 2012

New Audit Faults Screening Used For Mamtek Incentives

Mo. Auditor Tom Schweich (R).
(Marshall Griffin/St. Louis Public Radio)

A state audit released today says that the Missouri Department of Economic Development (DED) could have done a better job of screening applicants for tax credits for the failed Mamtek project in Moberly.


Two years ago the small northeast Missouri town issued $39 million in bonds to get the company to build an artificial sweetener plant.  Mamtek later missed a bond payment and construction halted, and Moberly’s bond rating was downgraded as a result.  State Auditor Tom Schweich (R) said the due diligence procedures used by the DED were woefully inadequate.

Read more
Economic Development / Jason Hall
11:25 am
Thu February 2, 2012

Hall resigns as Mo. Dept. of Economic Development as confirmation deadline expires

Jason Hall (at podium) with Missouri Gov. Jay Nixon. Hall was Nixon's nominee to be the next director of the Missouri Department of Economic Development in late Dec. 2011. Hall has since resigned following the expiration of the deadline to confirm him.
(via Gov. Nixon's office / video screen capture)

Updated 1:49 p.m. with additional information from the Associated Press on other failed appointments.

Missouri Gov. Jay Nixon announced this morning that Jason Hall, Nixon's nominee to be the new director of the Missouri Department of Economic Development, has resigned.

Read more
Economic Development / Jason Hall
12:16 pm
Wed February 1, 2012

Mo. senators scuttle nominee for economic director

Jason Hall (at podium) with Missouri Gov. Jay Nixon. Nixon was introducing Hall as his nominee to be the next director of the Missouri Department of Economic Development in late Dec. 2011. Senators have since scuttled Hall's nomination.
(via Gov. Nixon's office / video screen capture)

Senate Republicans have scuttled Gov. Jay Nixon's nominee to direct the Missouri Department of Economic Development.

The Senate Gubernatorial Appointments Committee refused to vote Wednesday on confirming Jason Hall to head the department. Senate President Pro Tem Rob Mayer says he has no intention of bringing Hall up for a committee vote before the deadline to confirm him expires.

Read more
MO Statehouse: New development director
12:30 pm
Fri December 30, 2011

Head of state technology agency named Mo. economic development director

Gov. Jay Nixon has named Jason Hall, the current director of the Mo. Technology Corp., to be the state's new economic development director.
(UPI/Bill Greenblatt)

Missouri  Gov. Jay Nixon has picked the head of the state-funded Missouri Technology Corp. to be the state's third economic development director in less than four year.

Read more
Mamtek investigation
5:41 pm
Tue November 29, 2011

Mo. House committee begins Mamtek hearings

The Mo. House Interim Committee on Government Oversight and Accountability meeting Nov. 29th, 2011, at the Mo. Capitol.
(Marshall Griffin/St. Louis Public Radio)

Two days of hearings are underway at the Missouri Capitol to explore why an artificial sweetener facility in Moberly never opened and why the small town’s bond rating took a hit.

The House Interim Committee on Government Oversight and Accountability is focusing on conflicting documents over the trustworthiness of the company Mamtek. Corey Mehaffy heads the Moberly Area Economic Development Corporation. He testified that the state Department of Economic Development never shared emails with the city revealing that a DED official could not verify whether Mamtek had a functioning plant in China.

Read more
DED Director stepping down
5:36 pm
Tue November 15, 2011

Kerr stepping down as Mo. Economic Development Dir.

(Mo. Dept. of Economic Development)

The director of Missouri's Department of Economic Development is stepping down at the end of the year.

In a news release Tuesday from Gov. Jay Nixon, department director David Kerr cited a desire to spend more time with his family after working for 35 years in the public and private sectors. Nixon said he would move quickly to select a new director.

Kerr took office in November 2009.

Read more
Missouri Jobless Rate
4:56 pm
Fri October 14, 2011

Mo. jobless rate falls slightly to 8.7 percent

(via Flickr/KellyB.)

A new report says Missouri's jobless rate edged lower last month despite a net loss of jobs.

The state Department of Economic Development said Friday that seasonally adjusted unemployment fell by one-tenth of a point in September to 8.7 percent.

The agency also says Missouri had a net loss of 4,000 nonfarm jobs in September. The biggest losses were in retail trade, financial activities, professional and business services and government.

Jobs were added in other sectors, including health care and social assistance, which grew by 3,300 jobs.

Economy/MO jobless numbers
5:03 pm
Mon July 18, 2011

Mo. jobless rate drops in June

(via Flickr/KellyB.)

The unemployment rate in Missouri ticked down slightly last month, according to new data from the Missouri Department of Economic Development.

Missouri's rate last month was 8.8 percent, down from 8.9 percent in May 2011, and a sharp decrease from June 2010, when 9.2 percent of the state's citizen's were out of work.

The national rate for June stood at 9.2 percent.

Read more