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Economy

Columbia government bracing for onslaught of retirements

Some city departments could lose almost half of their managers to retirement in the next five years.

Boone County Commission unanimously approves Route Z rezoning

The classification of the area was changed from agricultural to light industrial in the hopes of attracting businesses to the region. While local business leaders, such as the Columbia Area Jobs Foundation, supported the measure, area residents expressed concern over the change for a variety of reasons.

House GOP opposing new line of credit for IMF; bill includes Boeing cargo planes

House Republicans are set to oppose a $98.8 billion war-funding bill that includes money for eight cargo planes, a top priority of the Boeing Co.

Brooks named Columbia's economic development director

J. Mike Brooks was appointed Columbia's first economic development director on Monday; the current president and chief executive of the Indiana Health Industry Forum will officially take the position on July 15.

GM files for bankruptcy, causes local economy concern

Columbia customers and car dealers ponder the economic consequences of GM's recent file for bankruptcy, the fourth-largest in U.S. history.

Divorcing couples confront hard economic times — by staying together

The economic downturn causes couples to re-evaluate the cost of divorce. For some, this means staying under the same roof.

Missouri unemployment rate drops slightly in April

The state unemployment rate decreased six-tenths of a point from March to 8.1. percent, but Missouri still reported less than the usual seasonal gains expected in April.

Columbia legislators weigh in on consumption tax

Dubbed the "fair tax" by one legislator, the consumption tax has garnered criticism from another legislator as being "not sound."

Missouri to use stimulus money for jobs program

Companies in line to take advantage of tax credits

The state will be able to offer an additional $30 million in tax credits once the governor signs the authorizing legislation.

UPDATE: Missouri lawmakers pass economic development bill, end session

The bill expands tax incentives for Missouri businesses, while it imposes new restrictions on some tax credits, letting Republicans and Democrats claim success.

GM eliminating about 1,100 dealerships

Most GM dealers in Columbia say they have yet to hear if they've been cut.

Missouri lawmakers approve jobless benefit extension

The bill, passed Friday, would give unemployed workers an extra 20 weeks of benefits.

Agricultural credit tightened during 1Q, Federal Reserve Bank says

Turbulent agricultural conditions in the Midwest contributed to the tightened farm credit, the agency said.

Wet spring delays Midwest farmers, but corn prices could increase

From Missouri to Ohio, many farmers have had a difficult time planting corn because there haven't been enough consecutive days without rain to dry up the land. Normally by this time of year, 75 percent of Missouri's corn crop has been planted. But only 39 percent has been planted so far.

Missouri House passes 10-day eviction notice legislation

Legislation passed by the Missouri House would require new owners of foreclosed properties to give current tenants 10 business days' warning before evicting them.

Missouri gets last grant installment for laid off autoworkers

The U.S. Labor Department gave Missouri more than $770,000 Tuesday as the final installment of a grant meant to help employees recently laid off by the auto industry. The grant, approved April 2008, amounts to just over $1.73 million.

Loyalists, bargain hunters, skeptics look to buy Chrysler vehicles

After filing Chapter 11 bankruptcy protection Thursday, Chrysler hopes to reemerge within 30 days. The car company has had a range of shoppers, some of whom are encouraged by President Barack Obama's pledge the government will back warranties issued by the company.

Chrysler expected to sell assets to Fiat

The St. Louis North plant would close under the plan, but a company spokeswoman said employees would be offered jobs at another location.

Transportation districts collect your money with little oversight

$8.4 million has been collected by transportation districts through added sales tax over the past three years. But all the money doesn't go to road projects.

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