Governor Eric Greitens appoints new Nodaway County Clerk

Gov. Eric R. Greitens today appointed Melinda Patton, of Maryville, as the new Nodaway County Clerk. The position became vacant after the resignation of the previous Clerk, Karen Leader. Patton, a Republican, is a customer service representative at Maryville Glass and Lock Company Inc. She previously worked as the Community Services Block Grant Operations Director at Community Services Inc. of Northwest Missouri for 10 years. Patton holds a bachelor’s degree in journalism from Northwest Missouri State University and is a certified community action professional.

NAM: Monday Economic Report

In the minutes of the May 2–3 Federal Open Market Committee meeting, members noted that while “aggregate spending in the first quarter had been weaker than [expected], they viewed the slowing as likely to be transitory.” With that in mind, the Federal Reserve is likely to raise short-term interest rates at its June 13–14 meeting. On Friday, the Bureau of Economic Analysis reported that the U.S. economy grew1.2 percent in the first quarter in newly revised figures. This improved slightly from the earlier estimate of 0.7 percent growth, but nonetheless, it continued to represent a slow start to the year. Yet, I anticipate a strong rebound in the second quarter. My current forecast is for at least 3.0 percent growth in real GDP in the second quarter, with the economy expanding 2.2 percent for 2017 as a whole. Data continued to reflect some easing in manufacturing activity, even as the longer-term trend has been favorable. For instance, new durable goods

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DST Systems plans to add 415 KC jobs with $2M state grant

DST Systems Inc. will receive a $1.97 million Missouri Works grant from the Missouri Department of Economic Development to help the company create 415 new jobs in Kansas City. DST, which specializes in technology, consulting and data processing for the financial and health care industries, said it would add the jobs through two business units: ALPS Alternative Investment Services and Argus Health Systems Inc. DST acquired ALPS, a Denver-based financial services firm, in 2011. The company currently employs 625 people in its nine offices. Argus Health Systems Inc. was previously owned by Americo Life Inc., which has been in the news recently for its role in a plan to renovate Kansas City International Airport. Read more: Kansas City Business Journal

Legislature approves special rate for largest utility users in special session

The Missouri Senate today approved without changes HCS HB 1 (Rep. Rone/ Sen. Libla), a bill that would allow the largest utility users in the state operating aluminum smelters or steel manufacturing facilities to obtain special utility rates. The bill was requested by Governor Greitens who called the special session for the purpose of passing the special rate and a new ratemaking procedure for electric utilities. The special rate was truly agreed and finally passed in the special session that lasted one week. The new ratemaking procedure was removed from the bill in the first committee version of the bill. The bill now goes to Governor Greitens for his signature.

Special Session: House complies with half of Greitens’ call, rejects other half

An excerpt from a Missouri Times article: The Missouri House passed Rep. Don Rone’s bill 120-17 with several small amendments, but it lacks language that would give utilities the ability to look at increasing rates for grid modernization which would potentially jeopardize the bill in the Senate. Speaker Todd Richardson thanked the House Utilities Committee and members of the chamber, but said the effort relied on Rone who he said had “uncommon courage.” “We are very pleased with the outcome of today, and really this week’s work on the special session.” Speaker Todd Richardson said after the House dismissed for the evening. “This is an effort Rep. Rone started back even in the winter , trying to find a way to bring a competitive utility rate to New Madrid in an effort to attract 500 well-paying new jobs to a state that desperately needs them.” Rone himself was also pleased with the end result of the legislation. “On behalf of the

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Enterprise Rent-A-Car expanding into Vietnam

Enterprise Holdings Inc. – the world’s largest car rental company – has announced plans to enter the Vietnam market with its flagship brand, Enterprise Rent-A-Car, as well as its National Car Rental and Alamo Rent A Car brands. Enterprise Holdings appointed an affiliate of MP Logistics as its first franchisee in Asia at the 2017 Asian American Chamber of Commerce Connections Dinner today, subject to Enterprise’s registration in Vietnam as a franchisor. This appointment not only marks a historic milestone in Enterprise Holdings’ ongoing global expansion, but also reflects the company’s broader strategy to build an extensive network of transportation services that deliver value, choice and outstanding customer service to business and leisure travelers around the world. “Our robust growth is a tribute to the strong international reputation of our brands,” said Peter A. Smith, vice president of global franchising at Enterprise Holdings, who highlighted the company’s rapid expansion and integrated global network as a keynote speaker at the 2016

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Case hardening basics: Nitrocarburizing vs. carbonitriding

Summary The terms sound alike and often cause confusion, but nitrocarburizing and carbonitriding are distinct heat treating processes that each have their advantages depending on the material used and the intended finished quality of a part. About the author Rob Simons is a metallurgical engineer specializing in ferrous heat treatments with 35 years of experience in the industry. He earned a degree in metallurgical engineering from the University of Missouri – Rolla in 1982 and will be a featured presenter at the ASM Heat Treat 2017 conference. He has been at Paulo for 30 years. Founded in 1943, Paulo is one of the largest providers of heat treating, brazing, and metal finishing solutions in North America. Headquartered in St. Louis, Paulo operates five divisions servicing the mid-west, great lakes, and southeast regions of the United States. Case hardening basics: Nitrocarburizing vs. carbonitriding Confusion surrounding the case hardening techniques of nitrocarburizing and carbonitriding prove the point that it’s easy to get

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Gallup poll shows Americans believe manufacturing is “key to job creation.”

In an article titled “Americans Still See Manufacturing As Key To Job Creation,” Gallup (5/24) says a new poll taken from May 3-7asked participants, “In your opinion, what would be the best way to create more jobs in the United States?” The poll shows that Americans responded most often with answers related to manufacturing, and, similar to previous polls, lowering taxes and creating more infrastructure work “were also among the top ideas.” In addition, Americans today “are somewhat more likely to mention reducing government regulation as the best way to create jobs (12%)” than they were in 2009 (7%).

3M to embark on $40 million expansion in Springfield, plans to create 90 new jobs

Today, the Missouri Department of Economic Development (DED) announced that 3M, a global manufacturer, will expand its footprint in Springfield through a $40 million investment to its facility, where it produces industrial adhesives and tapes for the aerospace industry and other heavy industrial customers around the world. 3M expects its expansion to result in the creation of approximately 90 full-time positions over the next several years. “We thank 3M for its decision to invest in Missouri and in our workers by creating dozens of new jobs,” said Gov. Eric Greitens. “3M is a science-based global company that manufactures more than 50,000 products that people use every day. We hope 3M’s expansion of its adhesives and tapes division in Missouri sends a message to those in the business community– from the small family business to the major corporation– that we are going to work to help them grow and prosper.” 3M intends to upgrade its current plant located in Springfield.  The

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More customers are choosing Missouri-made goods

Here is a quick status check on Missouri exports as more and more customers around the world become fans of Missouri-made goods. Missouri’s exports through the first quarter of 2017 totaled $3.6 billion according to the latest figures from WISER Export Trade data, an increase of 11 percent from the first quarter in 2016. The Transportation Equipment sector topped exports at just over $1 billion with a 10 percent increase from the same quarter in 2016. Transportation Equipment sub-sectors were led by Aerospace Products and Parts with almost $407 million in exports, an increase of 8 percent over the year and Motor Vehicles with a 19 percent increase and $397 million in exports. The second largest sector was Chemicals with exports of $646 million and an 18 percent increase compared to the same quarter in 2016. The largest foreign market for Missouri’s exports continues to be Canada which purchased over $1.3 billion in goods during the first quarter of 2017.

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