News Feed: Department of Economic Development /news-rss?filter=economic_development News Feed: Department of Economic Development Sat, 15 Dec 2018 13:34:22 +0000 en-us Department awards $7.57 million through Neighborhood Assistance Program 8841 at Thu, 06 Dec 2018 09:10:41 +0000 December 6, 2018Jefferson CityThe Department of Economic Development announced Friday that it would award $7.57 million through its Neighborhood Assistance Program (NAP) to nonprofits across Missouri for community development projects. NAP helps not-for-profit organizations raise private-sector funds by providing partial state tax credits to businesses that make contributions to approved community improvement projects. DED releases October jobs report 8806 at Thu, 15 Nov 2018 11:37:10 +0000 November 15, 2018Jefferson CityIn the history of the data set, the only other time the state’s unemployment dropped this low was from October 1999 to January 2000. The unemployment data series goes back to 1976. The jobless rate has decreased by a tenth of a point in each of the past five months and is now half a point lower than it was in October 2017. Missouri’s rate has been below the corresponding national figure for 42 consecutive months. The state’s non-seasonally-adjusted unemployment rate was 2.3 percent in October, compared to the U.S. figure of 3.5. DED releases September jobs report 8691 at Wed, 17 Oct 2018 12:23:38 +0000 October 17, 2018Jefferson CityNonfarm payroll employment in Missouri increased by 3,300 jobs in September, on a seasonally adjusted basis. With an upward revision of 1,800 in the August data, nonfarm payrolls have grown by 6,100 jobs since July. In September, employment grew in durable goods manufacturing (+2,200); construction (+1,300); transportation, warehousing, and utilities (+1,200); and accommodation and food services (+1,200). September’s job gains helped push the over-the-year growth figure up to 39,300 for September, an increase of 1.4 percent from year-earlier employment.    Quaker Window Products announces $65 million expansion in Eldon, Missouri 8676 at Thu, 11 Oct 2018 09:56:36 +0000 October 11, 2018Jefferson City“We love it when homegrown Missouri businesses choose to continue growing in our state,” Missouri Governor Mike Parson said. “To make this project happen, it took a lot of collaboration between state and local partners, across workforce, economic development and government. We want to thank everyone who was at the table, working for this business and the community of Eldon.” Department launches search for Office of Public Counsel Dire 8666 at Fri, 05 Oct 2018 13:10:12 +0000 October 5, 2018Jefferson CityThe Missouri Department of Economic Development announced today the search for a new director for its Office of Public Counsel. Marc Poston will serve as acting director until a candidate is selected. Poston has more than two decades of experience in public utility regulation, and currently serves as Senior Counsel for the Department’s Division of Energy. State awards $5.1 million for training assistance 8646 at Fri, 28 Sep 2018 13:38:10 +0000 September 28, 2018Jefferson CityThe Department of Economic Development’s Division of Workforce Development announced today the award of $5.1 million to 186 companies across Missouri to help train workers for new and existing positions. “Not only will this funding help Missouri workers gain new skills, it delivers value to Missouri businesses in an area of critical need—the availability of a quality workforce,” Governor Mike Parson said. “By helping businesses train new and existing workers, we’re helping them stay competitive and remain here in Missouri.” Missouri unemployment rate remains at an 18-year low 8641 at Wed, 19 Sep 2018 09:25:02 +0000 September 19, 2018Jefferson CityThis is down 0.3 percent over the past year, and the last time the state’s unemployment rate was lower than 3.3 percent was in February 2000.  Missouri’s rate has been lower than the comparable U.S. rate, currently 3.9 percent, for 40 consecutive months. August nonfarm payroll employment in Missouri was 1,000 jobs higher than the revised July level.  Jobs in the private sector increased by 2,700 over the month. CVS Health Opens New Retail Distribution Center in Kansas City, MO 8621 at Thu, 23 Aug 2018 19:03:42 +0000 August 23, 2018Kansas CityCVS Health (NYSE: CVS) today officially announced the opening of a new retail distribution center in Kansas City, MO, located at 10711 North Congress Avenue in the Skyport Industrial Park.  When fully operational, the new distribution center will add more than 360 new jobs to the Kansas City area, as well as an additional 70 to 100 jobs through work with local businesses.     DED releases July 2018 jobs report 8616 at Wed, 15 Aug 2018 09:52:09 +0000 August 15, 2018Jefferson CityThe state’s unemployment rate has been edging down from the 3.7 percent level at the beginning of the year.   Missouri’s rate has now been lower than the comparable U.S. rate (currently 3.9 percent) for 39 consecutive months.  The July not-seasonally-adjusted rate was 3.8 percent in Missouri, compared to the U.S. figure of 4.1. Nonfarm payroll employment reached 2,904,400 in July, an increase of 100 from June, Smith Seed Services chooses Lamar, Missouri for new seed coating plant 8606 at Wed, 01 Aug 2018 14:15:18 +0000 August 1, 2018Jefferson CityLAMAR, Mo.—The Missouri Department of Economic Development announced today that Smith Seed Services has selected Lamar, Missouri, as the location of its new Midwest seed coating plant. “We are thrilled to welcome Smith Seed Services to Lamar, Missouri,” Governor Mike Parson said. “This company chose our state because of the great community in Lamar, the strong agricultural industry in Missouri, and our central location which allows them to reach key customers in the Midwest. We look forward to supporting their continued growth for many years to come.”