Economy & Innovation

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.

Mercy
8:00 pm
Tue October 11, 2011

Mercy to build first-in-U.S. virtual care center, invest $2.4B in St. Louis area

A rendering of the planned exterior of Mercy Virtual Care Center, to be built in Chesterfield, Mo.
(via Mercy)

A "first-of-its-kind in the country" virtual care center" in Chesterfield is just one part of a plan announced by Mercy Tuesday to invest $2.4 billion into the St. Louis area.

The care center and additional investment are portions of a $4.6 billion all-Missouri health care investment initiative from Mercy, designed to distribute the investments over the next eight years.

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American Girl in Chesterfield
12:07 pm
Tue October 11, 2011

American Girl to open newest "experiential retail store" in Chesterfield

Patrons view dolls and accessories at the American Girl Place store in New York City.
(via Flickr/Shoshanah)

Chesterfield will join Kansas City, Atlanta, Chicago, Seattle and several other cities when an American Girl "experiential retail store" opens in the St. Louis suburb in spring 2012.

The official announcement came from American Girl Tuesday.

Visitors to the 10,850-square-foot store at the Chesterfield Mall will be able to purchase American Girl's line of dolls and books, take their dolls in for a haircut at a "doll hair salon," make doll-sized t-shirts and eat in an in-store "bistro," a release from the company said.

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Business
5:09 pm
Thu October 6, 2011

Another outlet mall proposed for the Chesterfield Valley

Rendering of Spirit of St. Louis Outlets mall
(Courtesy of EWB Development)

Details of a new outlet mall in the Chesterfield Valley were released today. The Spirit of St. Louis Outlets would be located on 55 acres about four miles west of Chesterfield Commons on the south side of Interstate-64 near the Spirit Airport. Officials say the $85-million, 555,000-square-foot development would create more than 2,500 jobs and generate $265 million in annual sales.

Stephen Coslik, CEO of Woodmont Outlets, says the location is perfect – it’s underserved by outlet stores and there’s access to the interstate.

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Arch Coal
10:42 am
Mon October 3, 2011

Arch Coal agrees to pay $2M to settle pollution lawsuit

(via Arch Coal)

Updated 1:02 p.m. with company comment

Arch Coal Inc. will pay $2 million to settle a lawsuit over selenium pollution in West Virginia waterways.

The environmental groups that sued last year say the deal holds the St. Louis-based company responsible for past damage and prevents more.

Arch spokeswoman Kim Link said Monday the case involves five discharge points and subsidiaries Coal-Mac Inc. and Mingo Logan Coal Co.

She says Arch will install treatment systems and take other precautions to ensure consistent compliance with pollution limits.

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Missouri's Minimum Wage
2:37 pm
Thu September 29, 2011

Group seeks to raise Mo. minimum wage

(via Flickr/bigburpsx3)

Missouri voters could be asked to raise the state's minimum wage to $8.25 an hour.

A group that backed a successful wage increase in the 2006 elections is now pushing to get the minimum wage issue back on the ballot in Missouri's 2012 elections.

An open-records request from The Associated Press shows that the minimum wage initiative already has been submitted to the secretary of state's office, which must approve a ballot title before supporters can begin gathering signatures.

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MidAmerica Airport
10:36 am
Wed September 28, 2011

Audit: Struggling MidAmerica Airport again posts loss

MidAmerica St. Louis Airport.
(via Wikimedia Commons)

An audit shows that a southwestern Illinois airport that's never turned a profit since opening with great fanfare 13 years ago continues to lose money.

The Belleville News-Democrat reports that the review by J.W. Boyle & Co. found that MidAmerica St. Louis Airport had an operating loss of $11.9 million in 2010. That's 4.3 percent less than the previous year.

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Health Services / Jobs
11:34 am
Tue September 27, 2011

Mo. gets $20M grant to train underemployed for health services sector

(via Flickr/Jennifer Boriss)

Reporting from KCUR's Elana Gordon used in this report.

Missouri has received a $20 million grant from the U.S. Department of Labor to train more than 4,000 underemployed adults in the health services sector.  Governor Jay Nixon led the effort to bring the funds to the state’s 12 or so community colleges.  Deborah Goodall is with Metropolitan Community College in Kansas City and said the grant will help equip adults with high demand health care skills.  

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Missouri AG to help investigate Mamtek project
1:49 pm
Fri September 23, 2011

Attorney General to investigate Chinese project in mid-Missouri

The growing chorus of voices complaining about the fate of a half-built plant in Moberly, Missouri, is getting louder.

Today, Missouri's Attorney General chimed in, saying that his office would investigate whether the Mamtek USA project violated any state civil or criminal laws.

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General Motors
3:25 pm
Tue September 20, 2011

Union: GM may expand Wentzville factory, add 1,850 new jobs

A General Motors Building in Detroit.
(via Flickr/Andrea_44)

Gov. Jay Nixon says he is strongly encouraged by news that General Motors may expand its factory in the eastern Missouri city of Wentzville.

The United Auto Workers said Tuesday that GM plans to invest $380 million and bring 1,850 new jobs to the Wentzville plant as part of a proposed contact deal with the labor union. Plans call for the addition of a second shift to produce full-size vans. The factory also would start making a midsize pickup truck.

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