Legislative staff previously estimated that Missouri could collect nearly $20 million less in franchise taxes for 2014, compared to the previous year, because of the phase-out. “It’s another step in the right direction,” said Ray McCarty, the president of the Associated Industries of Missouri, a business association. But business groups contend more tax cuts are needed… Read More McCarty quoted on franchise tax phase outs and tax cuts in AP article
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Missouri’s state legislators return to the State Capitol on Wednesday January 8th for the start of the 2014 legislative session. For the next five months, lawmakers will file more than 2,000 pieces of legislation, hold countless meetings and spend hundreds of hours in debate. And we here at Associated Industries of Missouri will be keeping… Read More Legislature resumes, so do weekly AIM webinars
Holiday Spending Up 3.5%. Bloomberg News (12/27, Rupp, Timberlake) reports that retail sales “rose 3.5 percent during the holiday season this year, helped by deep discounts at malls and purchases of children’s apparel and jewelry, MasterCard Advisors SpendingPulse said.” Sales of “holiday-related categories, such as clothing, electronics and luxury goods, rose 2.3 percent from Nov. 1 through… Read More NAM: Good economic news to end 2013
The Associated Press reports on the Missouri jobless rate in the St. Louis Post Dispatch. The story follows here: JEFFERSON CITY, Mo. • Missouri’s unemployment rate declined in November while payrolls expanded by 15,000 jobs. The Missouri Department of Economic Development reported Tuesday the jobless rate fell to 6.1 percent in November from 6.5 percent in October. The leading… Read More Missouri jobless rate falls; 15,000 jobs added
The St. Louis Business Journal follows up on the Boeing 777x announcement. Here’s the story. Boeing this week will narrow “down to a handful” the possible sites for production of its new 777X commercial jet, a Boeing executive said Tuesday in an email message to employees. Commercial Airplanes CEO Ray Connersaid Boeing had received proposals from 22… Read More Boeing to narrow sites for 777X this week
The Kansas City Business Journal reports on legislation recently filed by State Senator Ryan Silvey (R-Kansas City): After more than 150 years of bad blood and lots of talk about ending the so-called economic development Border War, legislative action to end the competition between Missouri and Kansas is being introduced in Jefferson City. On Wednesday,… Read More Missouri bill takes step toward eco-devo Border War truce; McCarty responds