Jan 29 2025 2 mins
Missouri is off to a dynamic start in 2025, with significant developments across various sectors. Governor Mike Kehoe delivered his first State of the State Address, emphasizing key initiatives such as the Safer Missouri initiative, which includes funding for law enforcement recruitment and retention efforts, and a comprehensive crime bill to tackle issues like violent rioting and fentanyl trafficking[1].
In the realm of business and economy, Missouri is witnessing substantial investments. IKO, a global leader in roofing and waterproofing products, announced a $120 million investment in a new granule facility in Bismarck, Missouri, expected to create over 50 new jobs. Additionally, OpenStore will open its first fulfillment center in Kansas City, Missouri, representing a $5 million investment and promising 46 new jobs[3].
The state legislature has also been active, with the 2025 Missouri Legislative Session focusing on various bills, including those related to investment policy and public pension systems. Notably, legislation has been introduced to add a higher benefit factor for calculating PSRS service retirement benefits for members with 33 or more years of service at retirement[2].
On the environmental front, the Missouri River Basin is experiencing persistent drought conditions, with below-normal precipitation and above-normal temperatures. The Climate Prediction Center forecasts continued drought persistence through January, with limited areas expected to see improvement[4].
Looking Ahead:
- The Missouri Legislative Session will continue through May 16, 2025, with a spring break from March 17 to 21. Key bills and policy changes are expected to be debated and potentially passed.
- The state's economic development efforts are likely to continue, with more investments and job creation initiatives on the horizon.
- The ongoing drought in the Missouri River Basin will be closely monitored, with hopes for improved precipitation and relief for affected areas.
In the realm of business and economy, Missouri is witnessing substantial investments. IKO, a global leader in roofing and waterproofing products, announced a $120 million investment in a new granule facility in Bismarck, Missouri, expected to create over 50 new jobs. Additionally, OpenStore will open its first fulfillment center in Kansas City, Missouri, representing a $5 million investment and promising 46 new jobs[3].
The state legislature has also been active, with the 2025 Missouri Legislative Session focusing on various bills, including those related to investment policy and public pension systems. Notably, legislation has been introduced to add a higher benefit factor for calculating PSRS service retirement benefits for members with 33 or more years of service at retirement[2].
On the environmental front, the Missouri River Basin is experiencing persistent drought conditions, with below-normal precipitation and above-normal temperatures. The Climate Prediction Center forecasts continued drought persistence through January, with limited areas expected to see improvement[4].
Looking Ahead:
- The Missouri Legislative Session will continue through May 16, 2025, with a spring break from March 17 to 21. Key bills and policy changes are expected to be debated and potentially passed.
- The state's economic development efforts are likely to continue, with more investments and job creation initiatives on the horizon.
- The ongoing drought in the Missouri River Basin will be closely monitored, with hopes for improved precipitation and relief for affected areas.