Business briefs for Aug. 24, 2011.
Discount Toner & Ink new owners
Discount Toner & Ink in Independence has new owners, Don and Jeanine Mueller.
The store is at 18931 E. Valley View Parkway in the Eastland Center. It sells remanufactured, compatible and after-market copier toner and ink cartridges.
There are three Discount Toner & Ink stores in the Midwest.
The Muellers took over July 1 and recently held a ribbon cutting.
Economic development proposal on the agenda for special session
Gov. Jay Nixon has called a special session of the Missouri General Assembly to take up economic-development issues. It will begin Sept. 6.
Weeks ago, the governor and legislative leaders announced an agreement on plans to spur job growth with an emphasis on scientific and technological industries, data centers, creating a major China-to-Missouri air freight hub in St. Louis, and incentives to keep Kansas City area businesses on the Missouri side of the state line.
To pay for all of that, the state would free up hundreds of millions of dollars by limiting many of its dozens of tax credits, the two biggest of which are for low-income housing and historic preservation.
Missouri keeps top credit rating
Standard & Poor’s has affirmed the state of Missouri’s AAA credit rating, the governor’s office said Tuesday.
Government debt ratings have been in the news as S&P earlier this month lowered the federal government’s rating from AAA to AA-plus, leading to concerns that some states – whose finances are closely tied to Washington’s – would be hurt two. The other two major ratings agencies still have top ratings for U.S. credit, and Missouri is among a handful of states with top ratings from all three agencies.
The rating applies to general obligation bonds and also affects interest rates paid by cities, counties, school districts and other local governments. S&P noted that Missouri manages its money soundly, has a strong economic base and acted quickly when the recession hammered tax revenues.