Hello, MBA readers,
St. Louis Lambert International Airport and Kansas City International Airport both announced new flights Thursday, including a nonstop from Kansas City to Cancun, Mexico, beginning in November. Airport officials tout the new routes as an optimistic sign for the industry as travel demand continues to grow. In Missouri politics, Rep. Vicky Hartzler has officially thrown her hat in the ring for the 2022 Senate race. Hartzler, who has served in Congress since 2011, joins a Republican field that includes former Gov. Eric Greitens, Missouri Attorney General Eric Schmitt and St. Louis attorney Mark McCloskey. In her announcement Thursday, Hartzler promised relentless opposition to Democrats and emphasized her history of supporting former President Donald Trump. In jobs news, two prominent Kansas City-area employers announced layoffs. Cerner will cut 500 employees, and H&R Block is shedding 90 jobs. That news came as the larger labor market continued to show signs of improvement. Weekly unemployment claims nationally once again hit their lowest level since the start of the pandemic, and Missouri’s weekly claims were near pandemic lows.
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Jobless claims drop; inflation rises
National unemployment claims fell to 376,000, their lowest level since the pandemic hit but still high by historical standards. Missouri saw 6,000 weekly claims, near its pandemic low. May brought a 0.6% increase in consumer prices, marking a 5% spike since last May, the largest one-year surge since 2008. (Associated Press)
Cerner cuts 500 jobs
The positions are being eliminated from across the health care IT company’s global workforce of 26,000 employees, with no indication of how many will be cut in the Kansas City area. (Kansas City Star)
Union makes demands of Parson amid return to in-person work
A union representing state workers, who Gov. Mike Parson ordered back to offices last month, is seeking a variety of concessions related to COVID-19. (St. Louis Post-Dispatch)
Parson signs legislation limiting large farm inspections
The bill places limits on inspections of large agricultural facilities like concentrated animal feeding operations, or CAFOs. (St. Louis Post-Dispatch)
H&R Block lays off 90, promotes 90
The moves are part of a major restructuring at the tax preparer’s Kansas City headquarters designed to boost growth and cut bureaucracy. (Kansas City Business Journal)
City of St. Louis looking to hire
There are more than 100 job openings for various city jobs such as emergency dispatchers, nurses and mechanics. (St. Louis Public Radio)
Carnahan aims to improve digital infrastructure at GSA
Robin Carnahan, the former Missouri Secretary of State and current nominee to lead the General Services Administration, testified before the Senate on Thursday, raising concerns about the pace of pandemic relief and condition of technology systems. (Missouri Independent)
Transactly acquires Washington firm
The St. Charles-based real estate technology startup acquired Moncord Real Estate Professional Services, a real estate transaction coordination service. (St. Louis Business Journal)
Olive Crossing project to include apartments
Developers KDG and Keat Properties have added 181 apartments to a $151 million project in Olivette. (St. Louis Post-Dispatch)
Wentzville luxury apartment complex purchased
A Minneapolis investment firm has purchased the 180-unit Grand Central at the Junction complex for $34 million. (St. Louis Post-Dispatch)
Say that again
“The world’s biggest remote worker experiment is now over and has proven to be functional, and the world didn’t explode.”
Gerald Smith, founder and CEO of Plexpod, is seeing businesses rethinking the workplace, the Kansas City Business Journal reports. Plexpod owns five coworking spaces in the Kansas City area, and since the pandemic shook up the idea of an office, Plexpod has seen far more interest in its coworking offerings, which Smith describes as “just a fancy word for flexible office space.”
That’s the capital commitment to a deal between GLOBALFOUNDRIES and GlobalWafers that will expand production of silicon-on-insulator wafers at a GlobalWafers facility in O’Fallon. The wafers are important to the production of semiconductors, which have been scarce in recent months, causing shortages of many other consumer goods, including smartphones and automobiles. The partnership is expected to create 75 jobs in O’Fallon.
This morning I officially announced I am running for the U.S. Senate. We are engaged in a winner-take-all contest for the heart, the soul, and the future of America. I am the candidate for Senate whom you can trust to fight for you — and win!https://t.co/q91vqK7cJC
— Vicky Hartzler (@VickyH4Congress) June 10, 2021
U.S. Rep. Vicky Hartzler announced her bid for U.S. Senate on Thursday. Hartzler, a Republican who has represented Missouri’s 4th Congressional District since 2011, is vying for the seat being vacated by Sen. Roy Blunt. Also seeking the Republican nomination in the 2022 race are former Gov. Eric Greitens, Missouri Attorney General Eric Schmitt and St. Louis attorney Mark McCloskey. In her public announcement Thursday outside a Lee’s Summit gun store, Hartzler chastised Democrats and emphasized her record of supporting former President Donald Trump’s initiatives.
Hello, my name is
New routes will be added at St. Louis Lambert International Airport later this year, including one from a new carrier — Boutique Air. The California-based carrier will provide service from St. Louis to Jackson, Tennessee, the St. Louis Post-Dispatch reports. Boutique operates planes with only eight passenger seats, letting customers “experience flying private for the cost of commercial,” according to a company spokesperson. Lambert director Rhonda Hamm-Niebruegge sees the additional routes as an optimistic sign for air travel as demand grows. Kansas City International Airport has also announced new flights, including a nonstop to Cancun via Southwest Airlines, the Kansas City Business Journal reports.
It’s been a pleasure doing business with you this morning. Enjoy your weekend.