Business News

Industrial real estate is poised for a spike in demand, development and delivery, according to research by Jones Lang LaSalle. Industrial markets nationwide have been recovering for more than four full years, with 15 consecutive quarters of positive net absorption. Last year marked a five-year high, with 168 million square feet of net absorption, and, with current forecasts, this figure could top 180 million square feet in 2014. So, what’s behind this momentum?

“2014 is starting off with high demand from e-commerce and other users who are in the market for large, sophisticated space, and lots of it,” said Craig Meyer, president of industrial brokerage at JLL. “This will make 2014 the ‘year of the distribution center.’ Modern space with proximity to population centers and a robust logistics infrastructure will dominate the industrial real estate sector in 2014.”

Rejournal.com

Three Missouri cities named some of 2014’s best cities to start a business

Three Missouri cities, Springfield, Kansas City and St. Louis, are ranked in the top third of 2014’s best cities to start a business, according to WalletHub. WalletHub looked at the opportunities ... Read More

Biofuel Pellet Producer Moving Into The Missouri Plant Science Center

Enginuity Worldwide began moving into the Mexico, Mo., facility last week after a months long search for a site to manufacture its “eCARB” biofuel pellets. The startup company has an agreement ... Read More

Kansas City’s May Technology to expand, add jobs

A Kansas City aerospace manufacturer that makes sophisticated parts for aircraft including the B-2 bomber and Boeing 777 airliner, is planning a $12 million expansion that is expected to create up ... Read More

Monsanto grants $2.5 million to BioSTL

Monsanto is awarding a five-year, $2.5 million grant to BioSTL to support the nonprofit’s efforts to advance St. Louis’ standing in the biosciences. The grant will help support BioSTL’s BioGenerator subsidiary. ... Read More

Auto supply company to begin second expansion in Liberty

Automotive parts supplier LMV Automotive Systems will invest an additional $48.7 million to expand its Liberty operation, Gov. Jay Nixon announced today. The expansion is expected to create an additional 166 ... Read More

State’s largest wind farm planned in NW Missouri

Element Power will begin construction on the state’s largest wind farm later this year near Oregon, Mo., in southern Holt County. The company will generate 200 megawatts of electricity at the ... Read More

Black Dawn expansion expected to create 19 new jobs

Economic Development Sedalia-Pettis County joined officials from Black Dawn Manufacturing & Coating, a firearms and accessories manufacturer, to celebrate the expansion of Black Dawn in Sedalia. Black Dawn’s expansion project includes ... Read More

Danforth Center receives $1 million grant from the National Science Foundation

The Donald Danforth Plant Science Center was awarded a $1 million grant from the National Science Foundation (NSF) to explore gene regulatory networks that control plant growth and development. The project ... Read More

Sprint accelerator welcomes first 10 startups

After a christening Tuesday by Sprint Corp. CEO Dan Hesse, the Sprint Mobile Health Accelerator officially kicked off its program by welcoming its first 10 startup tech companies. The three-month program, ... Read More

North America’s largest roofing manufacturer to open new facility in Moberly, create 125 new jobs

North America’s largest roofing manufacturer plans to build a new state-of-the-art manufacturing plant in Moberly, Gov. Jay Nixon announced today. GAF Roofing will invest nearly $149 million to develop a 147-acre ... Read More