Economy

Billions of dollars in federal rental aid remains stalled in slow-moving states, localities

BY: - September 13, 2021

WASHINGTON — Make it simpler to apply for rental assistance money. Allow landlords to apply on behalf of unresponsive tenants. And consolidate two overlapping federal programs aimed at getting financial help to struggling renters. Those were among the proposals that U.S. House members weighed during a hearing Friday on how to better help states and localities […]

Goldman Sachs: 40% of U.S. small businesses don’t have three months of savings

BY: - September 8, 2021

More than 40% of U.S. small businesses couldn’t cover three months of expenses with their current cash reserves, a Goldman Sachs survey showed. Goldman Sachs’ 10,000 Small Businesses Voices program said the results are a “critical warning sign” that might mean policymakers will have to consider additional aid. Small businesses have been a central part […]

Rep. Peter Merideth, D-St. Louis

Lawmaker asks Missouri agency to document its oversight of emergency COVID purchasing

BY: - September 2, 2021

The ranking Democratic member on the House Budget Committee requested Wednesday that state officials document oversight of emergency purchases during the pandemic — and questioned why emergency, no-bid contracts are still being granted. Rep. Peter Merideth, D-St. Louis, sent a letter to state Budget Director Dan Haug that built upon lawmakers’ questioning of the Office […]

Three members of the Missouri Housing Development Commission, all white men in suits, are showing discussing a policy issue during the Sept. 1, 2021, commission meeting.

Missouri low income housing tax credits put on accelerated payout plan

BY: - September 2, 2021

The Missouri Housing Development Commission is moving ahead with a plan to accelerate redemption of some low-income housing tax credits despite misgivings of powerful members of the state Senate. The 10-member commission voted unanimously Wednesday to speed up the payouts on half of the tax credits that will be issued later this year or early […]

Missouri fielding ‘high volume’ of calls for rental assistance as evictions resume

BY: and - September 2, 2021

Calls from tenants seeking emergency rental assistance are escalating in the wake of the U.S. Supreme Court’s decision that blocked a national eviction moratorium. The Missouri Housing Development Commission (MHDC) has 60 application processors working to distribute hundreds of millions in federal aid and has been fielding about 500 calls and responding to about 200 […]

Missouri awards no-bid contract to boost staffing, antibody treatments, field hospitals

BY: - August 31, 2021

A Texas-based company stands to earn upwards of $30 million in Missouri through a no-bid emergency contract to provide healthcare staffing, antibody treatment centers and alternative care sites. The move comes after some states spent millions over the course of the pandemic on private companies to bolster their healthcare infrastructure, but found by the time […]

Supreme Court rejection of eviction ban increases pressure to dole out rental aid money

BY: - August 27, 2021

WASHINGTON — The U.S. Supreme Court’s rejection of the Biden administration’s last-ditch effort to extend a federal ban on evictions has put hundreds of thousands of American renters at risk of losing their housing — and is increasing pressure on states and localities to get rental assistance dollars distributed faster. In an eight-page majority opinion […]

A headshot of a bearded man with reddish hair, wearing a blue shit, red tie and suit coat.

New CIO for Missouri retirement plan arrives under cloud of Kentucky lawsuit

BY: - August 27, 2021

When the head of the Missouri State Employees Retirement System told her board of trustees she’d picked T.J. Carlson to be chief investment officer, she focused on his recent record from Texas — and didn’t mention a lawsuit over investment losses that almost sank Kentucky’s pension system. Carlson, who begins work Oct. 1 for the […]

Exterior Missouri State Capitol building

Records document millions spent by Missouri agencies under emergency COVID authority

BY: - August 24, 2021

It was mid-March 2020 and the pandemic was unfolding in quick succession. Less than a week after the first suspected COVID-19 case in Missouri was identified in St. Louis County, Gov. Mike Parson declared a state of emergency. Days later, the state’s Office of Administration (OA) took an unprecedented step: It granted emergency authorization allowing […]

Missouri payrolls add 15,000 jobs in month after Parson stopped federal unemployment aid

BY: - August 18, 2021

Missouri payrolls added exactly 15,000 non-farm jobs in July as the unemployment rate ticked down 0.1 percent, seasonally adjusted data from the federal Bureau of Labor Standards shows. The state’s labor force of 3.08 million, however, declined by 177, and overall employment, which includes self-employed people and farm labor, grew by 4,462 for the month. […]

Missouri, Kansas lost thousands of clean energy jobs last year, report says

BY: - August 17, 2021

After several years of continual gains, Kansas and Missouri lost more than 7,200 combined clean energy jobs last year — primarily because of the COVID-19 pandemic.  A report published last week by E2 and the Clean Energy Trust found that the Midwest, home to nearly one-quarter of the nation’s clean energy jobs, lost about 9% of […]

‘Where are we gonna go?’: New jail to displace over 100 Jackson County residents

BY: - August 12, 2021

For more than a hundred residents at Heart Mobile Village in eastern Jackson County, Missouri, the neighborhood has been many things: a chance for a new start, a path toward owning a home, a place to raise a family. But come February 2022, the residents in this community of RV trailers and mobile homes will […]