DST announces strategic alliance with Frost Data Capital to drive accelerated data innovation

DST, a leading global technology, strategic advisory, and operations outsourcing company and Frost Data Capital (“Frost”), a combined incubator and venture capital firm, today announced a strategic alliance to accelerate innovation and advance big data analysis for healthcare businesses. Under this new alliance, DST and Frost will use their combined expertise, funding and resources to turn transformative ideas into startup companies focused on value-based care. DST and Frost are targeting the creation of two to four startup companies over the next twelve months. “Bringing together the individual strengths of both companies represents an important opportunity dedicated to transforming new and meaningful ideas into health outcomes solutions for health plans and other payers,” said Marc Palmer, President of Argus Health Systems, a DST company. Teri Mullaney, President of DST Health Solutions, added, “Our priority on health outcomes optimization requires delivering higher value insights from the pharmacy and medical data we manage for our clients every day. As a preeminent provider of

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Featured Member: Zephyr Manufacturing Company

Zephyr Manufacturing Company, based in Sedalia, MO, is Your One Stop Source for Quality Cleaning Products®. They boast a large variety of products, offering a multitude of different mops, brooms, brushes and associated products to accommodate hospitals, prisons, service contractors and everywhere in between. Zephyr was founded in 1927 by Harry E. Lindstrom and has been family owned and operated ever since. Originally, Zephyr’s product line consisted exclusively of brooms. In the early 1940’s, they entered the mop business. Currently, the 20-ounce Cotton Cut End mop is their best-selling item. The stable customer base is made up of distributors and redistribution wholesalers who aim to sell products to the institutional, industrial, janitorial and foodservice markets. Eighty percent of the products are sold in the Midwest corridor of the country, however, Zephyr distributes products all over the world. Today, R.J. Lindstrom, the fourth generation of family management, serves as President. R.J. says that his father and predecessor, John Lindstrom, did not

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President Obama receives first veto override in contrast to Nixon’s 96th

Congress voted Wednesday to override President Obama’s veto for the very first time of his eight-year presidency, igniting anger from The White House who disapproves of the federal lawmakers’ decision. While it took almost Obama’s entire tenure to receive his first overridden veto, they occur more frequently for the state of Missouri. In fact, current Governor Jay Nixon has become the most overridden governor in state history – with 96 overridden vetoes on legislative bills and budget expenditures dating back to when he took office in 2009. Nixon’s total overridden vetoes are nearly four times the combined total of all Missouri governors before his tenure. According to State Rep. Bill Reiboldt, Nixon’s veto overrides have totaled: 2009: 0 2010: 0 2011: 1 2012: 1 2013: 9 2014: 11 2015: 12 2016: 13 Reiboldt also writes, “In all fairness to Governor Nixon, many of his overrides are due in part to Missouri’s politically divided government. He is the only Democrat governor to

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Candidates expressed widely different approaches for business at the first presidential debate

Hillary Clinton and Donald Trump went head-to-head last night for the first presidential debate of the 2016 election. The debate pulled in over 80 million viewers, making it the most watched in history. The moderator, Lester Holt, focused his questions on three different topics: Achieving prosperity; America’s direction; and securing America. The candidates each had two minutes to respond before they could openly discuss the question asked. Business was covered heavily in the debate. In fact, the first question Holt asked was about jobs and American workers. Both candidates took a different approach. Trump argued the importance of keeping companies in the U.S. while Clinton focused on reducing tax cuts for the wealthy to redevelop the middle class. While Clinton did mention jobs in infrastructure and advanced manufacturing, she also said she “want[s] to see more companies do profit-sharing.” She then proposed raising minimum wage, closing “corporate loopholes,” and having paid family leave and sick days. Trump hounded on bringing jobs home. He

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Doe Run Names Human Resources Manager for Mining and Milling Operations

The Doe Run Company (Doe Run) recently announced the hiring of Mark Clark as the new human resources manager for the Southeast Missouri Mining and Milling Division (SEMO). Clark will oversee approximately 800 SEMO employees working at Doe Run’s six underground mines and four mills. Clark brings nearly two decades of mining and human resources experience to Doe Run, as well as a passion for employee safety and human resources issues and trends. “Our SEMO workforce covers a variety of job functions, including mining, milling, environmental and administrative, so Mark’s many years of experience in the industry is a huge asset to our team,” said Steve Batts, vice president – SEMO Operations. “Mark also has a tremendous background in workforce training, and in safety policies and procedures, which will complement Doe Run’s efforts to provide our employees with the tools and training necessary to safely contribute to the company’s growth and future.” Prior to joining Doe Run, Clark served as

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NAM’s Newhouse, keynote speaker of AIM’s annual conference, awarded Lobbyist of the Year

CEO Update awarded NAM Senior Vice President of Policy and Government Relations Aric Newhouse as Association Lobbyist of the Year at a luncheon at the Trump International Hotel in Washington D.C. Nearly 450 members of the association community gathered to honor Newhouse and the other award winners. Newhouse will be the keynote speaker this year at Associated Industries of Missouri’s Tax, Business and Manufacturing Conference in October. You can register online or by phone and you will find the full agenda here.

NAM: Monday Economic Report

Associated Industries of Missouri is the sole official designated partner of the National Association of Manufacturers in Missouri. The biggest economic news last week was also the most predictable. The Federal Open Market Committee (FOMC) left short-term interest rates unchanged at the conclusion of its September 20–21 meeting as expected. While the Federal Reserve felt that “the case for an increase in the federal funds rate has strengthened,” it will hit the pause button for now, setting up the possibility of a rate hike at itsDecember 13–14 meeting, mirroring consensus expectations. (The FOMC does have another meeting scheduled for November 1–2 but will not likely act just a few days before Election Day.) Moreover, the Federal Reserve’s economic projections would seem to imply one increase this year (in December), with two rate hikes next year and three rate hikes in both 2018 and 2019. Looking more closely at the Federal Reserve outlook tables, participants slightly lowered their estimates of growth

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Alere eScreen expands in Kansas City with $6.8 million investment and 30 new jobs

The Missouri Department of Economic Development (DED) today announced that eScreen, Inc., a subsidiary of Alere Inc. will move its headquarters to Kansas City. In addition to its more than 235 current employees, today’s announcement includes the creation of 30 new jobs and a capital investment of more than $6.8 million. “More and more innovative companies like Alere eScreen are heading to Kansas City to connect with talent, access high-speed internet, and benefit from the budding business community,” said DED Director Mike Downing. “The company’s expansion in Missouri strengthens our tech industry as well as adds to our growing portfolio of companies, representing the leaders in electronic healthcare management.” Operations will include global IT, finance, legal, operations and executive occupations. Commenting on the move, Christopher Tarpey, General Manager of Alere eScreen, said, “We look forward to further investing in our local presence in Kansas City. In preparation for ongoing growth, the new facility will allow us to rapidly scale our

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New NAM study outlines cost of labor regulations

Associated Industries of Missouri is the sole official designated partner of the National Association of Manufacturers in Missouri. The National Association of Manufacturers (NAM) released a new study today that outlines the destructive legacy this administration’s relentless labor regulatory agenda will leave for manufacturers, their employees and the communities in which they live. Regulations on issues such as contractor blacklisting, employee overtime, silica, union elections and injury and illness reporting will not only result in hundreds of millions of hours of paperwork, but will also come at a price tag of more than $80 billion in compliance costs over the next 10 years.   “It has been troubling to watch regulation after regulation with major economic costs come from this administration,” said NAM Senior Vice President of Policy and Government Relations Aric Newhouse. “These regulations are making it harder for manufacturers to continue to create jobs and economic opportunity. It is becoming clear that the administration is dismissing the real-world costs

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Missouri gained more than 8,700 private sector employers in 2015, up five percent from 2014

On Tuesday, the Missouri Department of Economic Development (DED) announced that Missouri’s 2015 private sector employer community comprised of 182,004 employing units or establishments and saw a net growth of five percent or 8,742 units from 2014. Over that same time, 18,342 new businesses formed in Missouri, a 5.7 percent increase compared to 2014. “More and more companies and entrepreneurs are seeing the many benefits of starting or growing their business in Missouri,” said DED director Mike Downing. “Our low taxes, competitive business incentives, top-notch talent, access to resources and high quality of life make it the perfect location for businesses to thrive.” The report, produced by the DED’s research unit, the Missouri Economic Research and Information Center, found that 77 percent of the state’s private sector employers employ less than ten people. Businesses employing 20 to 49 people experienced the largest increase in employment, adding over 13,000 jobs. Overall, Missouri businesses added nearly 51,800 employees in 2015. According to the

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