Daily's Premium Meats expansion will bring over 100 jobs to St. Joseph
ST. JOSEPH, Mo. (News-Press NOW) — A groundbreaking ceremony took place Monday outside of Daily's Premium Meats to officially start an expansion that will double the size of the plant.
Many political figures were in attendance, including Missouri Republican Gov. Mike Kehoe.
We're going to continue as governor to make sure Missouri is a place businesses can grow," Gov. Kehoe said. "Where innovation is welcome and where our workforce remains one of the strongest in the country."
The $95 million expansion will bring in about 115 new jobs and now St. Joseph, Missouri, will produce 5% of the bacon in the United States.
Buchanan County Western District Commissioner Ron Hook said the new jobs and more bacon were some of the main positives from the expansion.
"We got a of workforce people really wanting to work, get to work and have good jobs," Hook said. "Buchanan County and the City of St. Joseph are here to help any business around to create more jobs for the people that need the work."
St. Joseph Chamber of Commerce President and CEO Natalie Hawn said one of the successes St. Joseph has had is "growing its own."
"When we have a company here, really working with them to expand here versus other parts of the country and that is exactly what happened here with Daily's," Hawn said. "They are a great partner and they're looking to expand here in St. Joseph, where they already had a plant, literally doubling the size of what they have today."
The expansion will take five years to complete. Gov. Kehoe complimented the St. Joseph Chamber of Commerce during his speech and said they have an understanding of "what the end game is," which is to create more opportunities for Missourians.
"Whenever you have a chamber that is that involved, that integrated into the community, you see good success like we have here at Daily's," Gov. Kehoe said. "We couldn't be happier with the (near) $100 million expansion and the over 100 jobs we are adding to the area.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
San Francisco Chronicle
an hour ago
- San Francisco Chronicle
Missouri approves stadium aid for Kansas City Chiefs and Royals and disaster relief for St. Louis
JEFFERSON CITY, Mo. (AP) — Missouri lawmakers on Wednesday approved hundreds of millions of dollars of financial aid to try to persuade the Kansas City Chiefs and Royals to remain in the state and help the St. Louis area recover from a devastating tornado. House passage sends the legislative package to Republican Gov. Mike Kehoe, who called lawmakers into special session with a plea for urgent action. Kehoe is expected to sign the measures into law. Missouri's session paired two otherwise unrelated national trends — a movement for new taxpayer-funded sports stadiums and a reevaluation of states' roles in natural disasters as President Donald Trump's administration reassess federal aid programs. The stadium subsidies already were a top concern in Missouri when a deadly tornado struck St. Louis on May 16, causing an estimated $1.6 billion of damage a day after lawmakers had wrapped up work in their annual regular session. The disaster relief had widespread support. Lawmakers listened attentively on Wednesday as Democratic state Rep. Kimberly-Ann Collins described with a cracking voice how she witnessed the tornado rip the roof off her house and damage her St. Louis neighborhood. Collins said she has no home insurance, slept in her car for days and has accepted food from others. 'Homes are crumbled and leveled,' said Collins, adding: 'It hurts me to my core to see the families that have worked so hard, the businesses that have worked so hard, to see them ripped apart.' Lawmakers approved $100 million of open-ended aid for St. Louis and $25 million for emergency housing assistance in any areas covered under requests for presidential disaster declarations. They also authorized a $5,000 income tax credit to offset insurance policy deductibles for homeowners and renters hit by this year's storms — a provision that state budget director Dan Haug said could eventually cost up to $600 million. The Chiefs and Royals currently play football and baseball in side-by-side stadiums in Jackson County, Missouri, under leases that expire in January 2031. Jackson County voters last year defeated a sales tax extension that would have helped finance an $800 million renovation of the Chiefs' Arrowhead Stadium and a $2 billion ballpark district for the Royals in downtown Kansas City. That prompted lawmakers in neighboring Kansas last year to authorize bonds for up to 70% of the cost of new stadiums in Kansas to lure the teams to their state. The Royals have bought a mortgage for property in Kansas, though the team also has continued to pursue other possible sites in Missouri. The Kansas offer is scheduled to expire June 30, creating urgency for Missouri to approve a counter-offer. Missouri's legislation authorizes bonds covering up to 50% of the cost of new or renovated stadiums, plus up to $50 million of tax credits for each stadium and unspecified aid from local governments. If they choose to stay in Missouri, the Chiefs plan a $1.15 billion renovation of Arrowhead Stadium. Though they have no specific plans in the works, the St. Louis Cardinals also would be eligible for stadium aid if they undertake a project of at least $500 million. Many economists contend public funding for stadiums isn't worth it, because sports tend to divert discretionary spending away from other forms of entertainment rather than generate new income. But supporters said Missouri stands to lose millions of dollars of tax revenue if Kansas City's most prominent professional sports teams move to Kansas. They said Missouri's reputation also would take a hit, particularly if it loses the Chiefs, which have won three of the past six Super Bowls. 'We have the chance to maybe save what is the symbol of this state,' Rep. Jim Murphy, a Republican from St. Louis County, said while illustrating cross-state support for the measure. The legislation faced some bipartisan pushback from those who described it as a subsidy for wealthy sports team owners. Others raised concerns that a property tax break for homeowners, which was added in the Senate to gain votes, violates the state constitution by providing different levels of tax relief in various counties while excluding others entirely.
Yahoo
an hour ago
- Yahoo
CFTC nominee Quintenz seeks to leverage crypto expertise
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Brian Quintenz, the nominee to lead the Commodity Futures Trading Commission, emphasized the need for a comprehensive regulatory framework for crypto assets. In his prepared remarks for the Senate hearing Tuesday, he noted his plans to use his expertise in digital assets to develop regulations and execute any expanded mission. 'Congress should create an appropriate market regulatory regime to ensure that this technology's full promise can be realized, and I am fully prepared to use my experience and expertise to assist in that effort as well in executing any expanded mission should legislation pass into law,' Quintenz said in remarks prepared for his hearing, seen by Bloomberg. Quintenz, nominated by President Donald Trump to lead the CFTC, served as an agency commissioner during Trump's last term. Quintenz headed to venture-capital firm Andreessen Horowitz after his term ended, becoming an adviser in 2021. Since December 2022, he has led the firm's crypto unit. He is also a board member of financial exchange firm Kalshi and an advisory council member of If confirmed for the CFTC role, the crypto lobbyist said he plans to leverage his expertise while meeting international regulators to gain insights into approaches that have been successful. He touted blockchain as a 'horizontal technology' that can impact different sectors of the economy, not just financial services, according to The Block. 'Blockchain and crypto tokens are here to stay and will allow individuals to own their digital intellectual property, their digital identities, and the value of their contributions to networks,' Quintenz said, saying clear rules and market integrity are needed for maintaining U.S. leadership in blockchain innovation. The Trump administration is pushing for the Digital Asset Market Clarity Act, bipartisan legislation introduced May 29 by House Financial Services Committee Chairman French Hill, R-AR. The bill aims to establish a comprehensive regulatory framework for digital assets in the U.S., with significant expansion of the CFTC's authority. Typically, the CFTC has focused on derivatives and commodities enforcement rather than direct consumer-focused regulation. The act would make the CFTC a primary regulator for most of the crypto industry, and establish a clear distinction between the jurisdiction of the Securities and Exchange Commission and the CFTC. Quintenz has been nominated as a commissioner twice: first by President Barack Obama in 2016 and then by Trump in 2017, when he was confirmed and served from 2017 to 2021. His current nomination is his first for the chair position – the agency's leadership role. The commission, until the end of May, had four members, evenly divided between Republicans and Democrats. Former Commissioner Summer Mersinger, a Republican, announced in May that she would leave the CFTC at the end of that month to become the chief executive of the Blockchain Association. Christy Goldsmith Romero, a Democrat, days later announced her plans to leave the CFTC on May 31 and retire from federal service. Acting Chair Caroline Pham, a Republican, has said she would step down once Quintenz is confirmed to lead the regulator. Kristin Johnson, a Democrat, has also said she's leaving the CFTC later this year. Last month, Quintenz disclosed assets worth roughly $3.4 million and his positions in some important crypto industry groups, according to Bloomberg. If confirmed, Quintenz plans to resign from his position at Kalshi and forfeit his stock options, which vest every month. He would abstain for a year on matters related to Kalshi. In May, the CFTC dismissed its appeal in litigation over Kalshi's event contracts for political outcomes, including options to bet on Republican and Democratic presidential nominees in 2028. The CFTC had said the decision to drop the case was voluntary. Quintenz would also resign from his post at Andreessen Horowitz and recuse himself from participating in any event related to the company for two years, if confirmed to the CFTC. He has already resigned from his position with the Crypto Council for Innovation. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Trump wants ‘big beautiful' spending bill passed ASAP. So why is Mike Johnson still messing with it?
House Speaker Mike Johnson notched his first major policy win when he herded Republicans in the House of Representatives to pass President Donald Trump's 'One Big, Beautiful Bill' last month. By all appearances that began the process of the Senate deliberating its version of the legislation and dealing with holdouts in the upper chamber. All the better to get the signature legislation of Trump's second term onto his desk and ready for that famous Sharpie signing. Well, not so fast. The legislation technically has not been sent over to the Senate yet. Today, the House will vote on a rule that would also include a provision to make various corrections to the spending bill. The fixes are fairly minute. There is nothing on the changes to Medicaid, the size of the tax cuts or the phasing out of renewable energy tax credits or other concerns that some Republican Senators have raised. It also does not remove the ban on states regulating artificial intelligence that Rep. Marjorie Taylor Greene said she opposed despite her vote for the bill. Rather, they are mostly technical fixes, striking out various paragraphs about formatting. But that means the clock had not yet even started on the Senate's formal consideration of and debate over OBBB as Wednesday dawned. Later Wednesday, the corrected version was expected to be passed ... again ... and finally handed over to the Senate. The road to get here in the first place was circuitous at best. It ultimately took a day-long committee hearing, a last-minute deal cut behind closed doors and the deaths of older Democratic colleagues for Johnson to avoid a failure on the floor the first time around. The bill includes numerous provisions that Trump and Republicans want, such as extending the 2017 tax cuts, enacting work requirements for food assistance and Medicaid, rolling back numerous renewable energy credits and ramping up spending for oil drilling, the military and immigration enforcement. The Senate hopes to pass OBBB using budget reconciliation, which allows them to avoid a filibuster from Democrats as long as the bill relates to federal spending. Since 'big beautiful' also includes a debt limit increase, Republicans are working on a limited time table as the United States is set to hit the debt ceiling next month. Elsewhere, it removed the word 'intelligence' for a provision to spend '$90,000,000 for the development of reusable hypersonic technology for military strikes and intelligence.' It also struck a whole section titled 'Enhancement of Military Intelligence Programs.' Furthermore, the legislation removes part of the reconciliation bill that retracts a Biden administration-era public land rule that withdrew National Forest System lands from mining. Unsurprisingly, Democrats in the House and Senate are urging their Republican counterparts to, as Elon Musk famously implored, 'Kill the Bill.' 'The bottom line is this, though: a congressmember's core power is the power to vote,' Senate Minority Leader Chuck Schumer (D-NY) said in his morning remarks. 'That's what the Constitution gave them,' Schumer said. 'And House Republicans who say they don't like the bill should exercise that power today. They have a unique opportunity to make the very changes they've been talking about for weeks.' Schumer said that Democrats flagged the flaws in the language that caused the do-over. Jim McGovern, the top Democrat on the House Rules Committee, also sent a letter to his colleagues calling for them to kill the bill. 'Regardless of party, if you have sounded the alarm about this bill and vote yes on today's rule, you're complicit in what you claim to oppose,' he said. Most of these are technical changes, but they illustrate just how delicate of a process Republicans have to navigate to pass Trump's signature legislation. And that does not even begin to paper over the legitimate policy disputes between the House and Senate conference or even within the conferences about federal spending levels.
