Mo. Senate debating incentives for Boeing facility
JEFFERSON CITY, Mo. (AP) - Missouri senators are debating legislation that could award up to $1.7 billion of incentives over two decades to Boeing to build a commercial airplane in St. Louis.
The Senate opened debate Wednesday on the incentives as they met in a special session called by Gov. Jay Nixon.
Missouri is one of more than a dozen locations invited by Boeing to submit proposals to build the 777X airplane.
Boeing already employs about 15,000 people in Missouri and builds military aircraft in St. Louis.
If Boeing chooses Missouri for the commercial plane, it could mean an additional 8,000 jobs. If it decides to assemble only the airplane wing in Missouri, supporters said that could result in 2,000 to 3,000 jobs.
Opponents are raising concerns about tailoring tax breaks for a specific company.
University of Missouri to name new chancellor
COLUMBIA, Mo. (AP) - The University of Missouri has a new chancellor for its flagship campus in Columbia.
University system President Tim Wolfe plans to announce the new hire at a Thursday morning news conference. The campus leader will replace Brady Deaton, who retired in November after nine years as chancellor.
The university hired an executive search firm to help recruit candidates for the confidential search. An 18-member advisory committee representing faculty, staff, alumni and students interviewed an unspecified number of finalists.
Swedish furniture titan Ikea comes to St. Louis
ST. LOUIS (AP) - The world's largest furniture retailer is opening its first Missouri location in St. Louis.
Ikea plans a Wednesday morning announcement of its new store on Forest Park Avenue near the city's Central West End. The store will have a prominent perch in the new CORTEX research park.
Ikea is known for its devoted customers, some of whom drive from St. Louis to Chicago. Several local personal shopping companies cater to Ikea customers unable to make the long drive north.
Ikea has nearly 350 stores worldwide but fewer than 40 in the U.S. A new store is also under construction in Merriam, Kan.
Manufacturing company moving to Republic
REPUBLIC, Mo. (AP) - A southwest Missouri company plans to build manufacturing and office space in Republic that could mean 77 new jobs for the southwest Missouri town.
Watson Metal Masters announced Wednesday that it will break ground on the $4.8 million project in mid-2014. The company designs and makes stainless steel storage tanks and other equipment for several industries.
The company says in a news release that besides the 77 new jobs, it will move 43 employees from its facilities in Nixa.
The project will include 63,000 square-feet of manufacturing space and another 4,450 square-feet for corporate offices.
Children's Mercy renames main campus after Hall
KANSAS CITY, Mo. (AP) - Children's Mercy Hospital said Wednesday that it has renamed its main campus after the late Adele Hall, who was one of the hospital's main benefactors.
The hospital's official name will now be Children's Mercy, Adele Hall Campus.
In over 50 years of service, Hall was a volunteer, trustee and board chairman at the hospital before she died on Jan. 26.
The Hall family and the Hall Family Foundation have given tens of millions of dollars to the hospital.
Her husband, Donald Hall, chairman of Hallmark Cards, says in a statement that Children's Mercy was always one of his wife's top priorities.
Fed: US growth stays moderate during shutdown
WASHINGTON (AP) - A Federal Reserve survey shows the U.S. economy held steady during the 16-day partial government shutdown, growing moderately in most regions from October through late November.
The Fed says seven of its 12 banking districts described growth as moderate. Four - Philadelphia, Chicago, Kansas City and San Francisco - said growth was modest. Boston said its regional economy continued to expand.
Manufacturing strengthened in most districts, helped by more production of cars, trucks and high-tech products. Consumers boosted spending in most regions, and retailers were hopeful yet cautious about the holiday shopping season. Hiring improved in five of the districts; the other seven reported little change.
The beige book survey, as it is known, is based on anecdotal reports from businesses and will be considered at the Fed's next meeting.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.