Missouri is transforming itself into a center for biotechnology and sustainable businesses. The state is attracting and supporting young companies working on problems like cancer, hunger, energy and the environment. Missouri offers affordable office space, financing, mentoring and resources to help these startups grow. Examples include a breast cancer treatment company and a producer of cholesterol-reducing soy products. The state's central location, low costs, top universities and collaborative spirit are fueling innovation and economic growth.
Academy Sports + Outdoors is a sporting goods retailer founded in Texas in 1938. The company has grown to over 200 stores across 15 states. Research found that while employees were generally satisfied, engagement could be improved through better training of less experienced employees. Surveys showed opportunities in career development, recognition, and flexibility. The proposed plan aims to address this through an employee recognition software, flexible schedules, and improved hiring to boost engagement and benefit the business. Progress will be measured through biyearly surveys compared to baseline data.
- Missouri is facing major budget issues as state revenues have declined significantly due to the economic downturn. Federal stabilization funds have helped but will run out, leaving a large shortfall.
- State revenues are down 10% in the first quarter of FY2010 and are projected to decline further. Unemployment will remain high.
- Governor Nixon has already implemented $200M in budget cuts for FY2010 but further cuts will likely be needed. The stabilization funds have masked the true budget problems.
- When the federal funds expire after FY2011, Missouri faces a major fiscal crisis without new revenue sources or job growth to boost the economy.
Biology UMKC students have been exploring their new Student Union since the start of the fall semester and reviews have been positive. As part of Homecoming Week, UMKC students, faculty, staff, and local community members officially dedicated the new Student Union on October 1, 2010. The document also includes links to an overview video, orientation video, and syllabus for a biology course, as well as search boxes for UMSL Online.
The document discusses how several University of Missouri system campuses are advancing Missouri's culture through their arts programs and community outreach. It highlights UMKC's long history of leadership in the performing arts in Kansas City. It also discusses MST's theater program, music program, film series, and Celebration of Nations event which showcase international culture. UMSL's Touhill Performing Arts Center brings 100,000 people to its events annually and partners with local arts organizations. MU's School of Music provides free concerts and opportunities for K-12 students across the state.
The document discusses the value of arts education based on several studies and perspectives. It cites President John Adams saying the importance of arts is that it allows future generations to study other fields. It also discusses how arts education is associated with gains in skills like math, reading, and problem solving based on studies from Harvard and the Guggenheim. The document advocates that education in the arts is important for intellectual development, creativity, and problem solving.
The document discusses strategies several universities in Missouri are using to advance quality undergraduate education. It provides details on enrollment trends, student success initiatives, faculty involvement, and challenges faced. Specifically:
- Universities are seeing increases in diversity and ability of their undergraduate students. Programs aim to support students from varied backgrounds.
- Initiatives focus on student preparedness, effective teaching, clear learning outcomes, and career preparation. Faculties are involved in teaching and mentoring undergraduates.
- Challenges include improving student preparation, increasing interest in STEM, expanding access to need-based aid, and achieving scale with new programs given resource constraints.
The Board of Curators reviewed recommendations for a new retirement plan for new employees beginning October 1, 2012. The new plan will have a defined benefit portion similar to the current plan but with a reduced multiplier, and a defined contribution portion with a 2% university contribution and optional employee contributions matched up to 3%. Current employees and those who leave and become reemployed will remain in the current plan if vested, or be placed in the new plan if not vested or if they cash out. The Board of Curators voted to close the current plan to new employees after September 30, 2012 and establish the new plan.
Academy Sports + Outdoors is a sporting goods retailer founded in Texas in 1938. The company has grown to over 200 stores across 15 states. Research found that while employees were generally satisfied, engagement could be improved through better training of less experienced employees. Surveys showed opportunities in career development, recognition, and flexibility. The proposed plan aims to address this through an employee recognition software, flexible schedules, and improved hiring to boost engagement and benefit the business. Progress will be measured through biyearly surveys compared to baseline data.
- Missouri is facing major budget issues as state revenues have declined significantly due to the economic downturn. Federal stabilization funds have helped but will run out, leaving a large shortfall.
- State revenues are down 10% in the first quarter of FY2010 and are projected to decline further. Unemployment will remain high.
- Governor Nixon has already implemented $200M in budget cuts for FY2010 but further cuts will likely be needed. The stabilization funds have masked the true budget problems.
- When the federal funds expire after FY2011, Missouri faces a major fiscal crisis without new revenue sources or job growth to boost the economy.
Biology UMKC students have been exploring their new Student Union since the start of the fall semester and reviews have been positive. As part of Homecoming Week, UMKC students, faculty, staff, and local community members officially dedicated the new Student Union on October 1, 2010. The document also includes links to an overview video, orientation video, and syllabus for a biology course, as well as search boxes for UMSL Online.
The document discusses how several University of Missouri system campuses are advancing Missouri's culture through their arts programs and community outreach. It highlights UMKC's long history of leadership in the performing arts in Kansas City. It also discusses MST's theater program, music program, film series, and Celebration of Nations event which showcase international culture. UMSL's Touhill Performing Arts Center brings 100,000 people to its events annually and partners with local arts organizations. MU's School of Music provides free concerts and opportunities for K-12 students across the state.
The document discusses the value of arts education based on several studies and perspectives. It cites President John Adams saying the importance of arts is that it allows future generations to study other fields. It also discusses how arts education is associated with gains in skills like math, reading, and problem solving based on studies from Harvard and the Guggenheim. The document advocates that education in the arts is important for intellectual development, creativity, and problem solving.
The document discusses strategies several universities in Missouri are using to advance quality undergraduate education. It provides details on enrollment trends, student success initiatives, faculty involvement, and challenges faced. Specifically:
- Universities are seeing increases in diversity and ability of their undergraduate students. Programs aim to support students from varied backgrounds.
- Initiatives focus on student preparedness, effective teaching, clear learning outcomes, and career preparation. Faculties are involved in teaching and mentoring undergraduates.
- Challenges include improving student preparation, increasing interest in STEM, expanding access to need-based aid, and achieving scale with new programs given resource constraints.
The Board of Curators reviewed recommendations for a new retirement plan for new employees beginning October 1, 2012. The new plan will have a defined benefit portion similar to the current plan but with a reduced multiplier, and a defined contribution portion with a 2% university contribution and optional employee contributions matched up to 3%. Current employees and those who leave and become reemployed will remain in the current plan if vested, or be placed in the new plan if not vested or if they cash out. The Board of Curators voted to close the current plan to new employees after September 30, 2012 and establish the new plan.
Florida has implemented an economic gardening program to support local entrepreneurship and business growth. The program provides resources and peer networking to help companies expand beyond the startup phase. One beneficiary was a simulation software company that was unsure about further growth but remained in business due to support from the program. Economic gardening has now expanded statewide and over 1,000 companies have benefited, with over 400 new jobs created.
Sears Holdings will accelerate the closing of up to 50 Sears and Kmart stores to stem financial losses as fourth quarter earnings are expected to be worse than predicted. Additionally, low oil prices and a lack of funding have forced a Canadian company developing oil sands in Utah to slow construction and lay off workers at its project in the Book Cliffs area. Finally, Honeyville Inc. will expand its food manufacturing operations in Brigham City, adding 115 new jobs over the next few years.
What we measure may deserve a shift in focus...Jyoti Pandey
Companies that are conscious of their social responsibility impact their bottom line in a positive way. My article on sustainability reporting in ethikos.
Article on Sustainability Rporting in ethikosJyoti Pandey
The document discusses the need for companies to shift their focus from solely emphasizing the bottom line to also considering non-financial measures of performance and social impact. Currently, corporate reporting and metrics mainly focus on profitability and financial efficiency. However, this narrow focus may not capture how companies are making their money and can incentivize short-term behaviors. The document argues that measuring social and environmental factors in addition to financial metrics would better assess company health and accountability. It provides examples of companies expanding their reporting to incorporate these non-financial measures and achieving both social and business benefits as a result.
The document summarizes lessons that companies can learn from the Paiter-Surui tribe in the Amazon rainforest who have successfully adapted to significant challenges. The tribe cultivated talent within the community, built partnerships with outside organizations, and developed sustainable initiatives over the long term to both preserve their culture and prosper economically. The document suggests that in today's rapidly changing business environment, companies need to become learning organizations that can adapt quickly through cultivating talent, leveraging diverse resources and partnerships, and taking a long term, staged approach to transformation.
Explore the four pillars of future economic development - one prosperous, skilled, innovative, and livable - that communities are using to build globally competitive communities. Explore how private sector development, workforce and education, entrepreneurs and small business, and community development support broad-based economic growth and quality of life.
Gain more information on the topic during IEDC's Economic Future Forum in Tulsa, OK June 12-14. To register visit: iedconline.org/futureforum
The document summarizes the strategic planning process undertaken by Miner County, South Dakota to address challenges of depopulation, an aging population, and economic struggles. Key aspects included gathering grassroots input, analyzing data, creating a long-term strategic plan through collaboration, and implementing initiatives in areas like renewable energy, housing, capacity building, and developing economic engines. The process aimed to reimagine the future of the county through community-led visioning, partnership, and multi-dimensional solutions.
The document discusses the relationship between businesses and the communities in which they operate. It analyzes why it is in the interest of businesses to respond to community problems and needs, such as avoiding public backlash and maintaining a "license to operate." It also examines how businesses can build strong relationships with communities through various forms of corporate engagement like economic development initiatives, crime reduction programs, and disaster relief efforts. Finally, it evaluates how companies can direct their citizenship activities strategically to further their own business objectives.
Bank of America issues a $500 million "Green Bond" to finance green investments that help address climate change and advance lower-carbon solutions. The bank also partners with (RED) to donate funds toward eliminating mother-to-child HIV transmission, and makes a $10 million investment to empower women in developing countries through access to financing and healthcare. However, the bank faces challenges such as being sued for misleading clients about risk and making a $4 billion capital reporting error.
Financial Times article on Social entrepreneurship in LatAMInnovation Tank
1) Social entrepreneurs in Latin America are increasingly focusing on creating financially sustainable business models to address social and environmental problems, rather than relying solely on donations.
2) Examples include a partnership in Colombia between a nonprofit and building supplies company to improve housing for the poor, and a Brazilian cardiologist who secured funding for heart treatments by increasing patient volumes.
3) There is a growing recognition that entrepreneurship can help accelerate development by bringing services to more people through for-profit models designed to scale rapidly.
This document brings together a set
of latest data points and publicly
available information relevant for
Banking Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
This document provides an overview and analysis of the private equity industry in Mexico. It discusses Mexico's macroeconomic environment and growth prospects, the state of fundraising from limited partners, the legal and regulatory landscape, key sectors for investment, and trends in exits and performance. It features perspectives from industry experts on topics like Mexico's role in global emerging markets portfolios, the local private equity association, the role of Mexico's fund of funds, legal considerations, and opportunities in real estate and growth equity. The report is intended to provide insights on private capital activity and investment opportunities in Mexico.
Social & Environmental Due Diligence: From the Impact Case to the Business CaseThe Rockefeller Foundation
Root Capital is a nonprofit social investment fund that grows rural prosperity in poor, environmentally vulnerable places in Africa and Latin America by lending capital, delivering financial training, and strengthening market connections for small and growing agricultural businesses. This issue brief examines the increasingly convincing business case for financial institutions to conduct due diligence on the social and environmental practices of their borrowers.
Kim Coupounas - B Corp - Impact Unleashed 2017Caitlyn Dudas
This document summarizes a presentation about using business as a force for good and the B Corp movement. The presentation discusses how capitalism and business can address social and environmental issues, and introduces B Corps as certified businesses that meet high standards of social and environmental performance, transparency, and accountability. It outlines B Lab's strategy to build a global movement of B Corps and create market incentives for all companies to consider their impact. The goal is to evolve business practices so that society enjoys shared and durable prosperity.
1. The document discusses how entrepreneurship and a global mindset among entrepreneurs can drive economic growth around the world.
2. As communication and travel have accelerated, entrepreneurs now have more opportunities to start and grow businesses on a global scale by accessing new markets and resources.
3. Nations should encourage entrepreneurship through campaigns, education, and fostering a global outlook so entrepreneurs think big, connect globally, and unlock their countries' economic potential.
This document is the 2009 Index of the Massachusetts Innovation Economy. It benchmarks Massachusetts' research and innovation enterprise against other leading states and nations to understand its economic impact. This year's index highlights that many Massachusetts high school students lack interest in STEM careers, so the state established a STEM Education Advisory Council. It also notes a new collaboration between universities, companies and the state government to establish a green computing center to catalyze economic development in Holyoke. The index serves to inform policymaking and collaboration between industry, academia and government to strengthen Massachusetts as a global innovation hub.
The document summarizes research and economic development at the University of Missouri System. It outlines key differences between research and economic development, highlights research expenditures and technology transfer metrics, and discusses goals to expand research collaborations with industry and move more technologies to market through startups and business partnerships. The vice president discusses opportunities and challenges in further advancing the university's research and economic development mission.
The University System: An Engine for Economic Development. Presented August 31, 2011 by Michael Nichols, Vice President for Research and Economic Development
Florida has implemented an economic gardening program to support local entrepreneurship and business growth. The program provides resources and peer networking to help companies expand beyond the startup phase. One beneficiary was a simulation software company that was unsure about further growth but remained in business due to support from the program. Economic gardening has now expanded statewide and over 1,000 companies have benefited, with over 400 new jobs created.
Sears Holdings will accelerate the closing of up to 50 Sears and Kmart stores to stem financial losses as fourth quarter earnings are expected to be worse than predicted. Additionally, low oil prices and a lack of funding have forced a Canadian company developing oil sands in Utah to slow construction and lay off workers at its project in the Book Cliffs area. Finally, Honeyville Inc. will expand its food manufacturing operations in Brigham City, adding 115 new jobs over the next few years.
What we measure may deserve a shift in focus...Jyoti Pandey
Companies that are conscious of their social responsibility impact their bottom line in a positive way. My article on sustainability reporting in ethikos.
Article on Sustainability Rporting in ethikosJyoti Pandey
The document discusses the need for companies to shift their focus from solely emphasizing the bottom line to also considering non-financial measures of performance and social impact. Currently, corporate reporting and metrics mainly focus on profitability and financial efficiency. However, this narrow focus may not capture how companies are making their money and can incentivize short-term behaviors. The document argues that measuring social and environmental factors in addition to financial metrics would better assess company health and accountability. It provides examples of companies expanding their reporting to incorporate these non-financial measures and achieving both social and business benefits as a result.
The document summarizes lessons that companies can learn from the Paiter-Surui tribe in the Amazon rainforest who have successfully adapted to significant challenges. The tribe cultivated talent within the community, built partnerships with outside organizations, and developed sustainable initiatives over the long term to both preserve their culture and prosper economically. The document suggests that in today's rapidly changing business environment, companies need to become learning organizations that can adapt quickly through cultivating talent, leveraging diverse resources and partnerships, and taking a long term, staged approach to transformation.
Explore the four pillars of future economic development - one prosperous, skilled, innovative, and livable - that communities are using to build globally competitive communities. Explore how private sector development, workforce and education, entrepreneurs and small business, and community development support broad-based economic growth and quality of life.
Gain more information on the topic during IEDC's Economic Future Forum in Tulsa, OK June 12-14. To register visit: iedconline.org/futureforum
The document summarizes the strategic planning process undertaken by Miner County, South Dakota to address challenges of depopulation, an aging population, and economic struggles. Key aspects included gathering grassroots input, analyzing data, creating a long-term strategic plan through collaboration, and implementing initiatives in areas like renewable energy, housing, capacity building, and developing economic engines. The process aimed to reimagine the future of the county through community-led visioning, partnership, and multi-dimensional solutions.
The document discusses the relationship between businesses and the communities in which they operate. It analyzes why it is in the interest of businesses to respond to community problems and needs, such as avoiding public backlash and maintaining a "license to operate." It also examines how businesses can build strong relationships with communities through various forms of corporate engagement like economic development initiatives, crime reduction programs, and disaster relief efforts. Finally, it evaluates how companies can direct their citizenship activities strategically to further their own business objectives.
Bank of America issues a $500 million "Green Bond" to finance green investments that help address climate change and advance lower-carbon solutions. The bank also partners with (RED) to donate funds toward eliminating mother-to-child HIV transmission, and makes a $10 million investment to empower women in developing countries through access to financing and healthcare. However, the bank faces challenges such as being sued for misleading clients about risk and making a $4 billion capital reporting error.
Financial Times article on Social entrepreneurship in LatAMInnovation Tank
1) Social entrepreneurs in Latin America are increasingly focusing on creating financially sustainable business models to address social and environmental problems, rather than relying solely on donations.
2) Examples include a partnership in Colombia between a nonprofit and building supplies company to improve housing for the poor, and a Brazilian cardiologist who secured funding for heart treatments by increasing patient volumes.
3) There is a growing recognition that entrepreneurship can help accelerate development by bringing services to more people through for-profit models designed to scale rapidly.
This document brings together a set
of latest data points and publicly
available information relevant for
Banking Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
This document provides an overview and analysis of the private equity industry in Mexico. It discusses Mexico's macroeconomic environment and growth prospects, the state of fundraising from limited partners, the legal and regulatory landscape, key sectors for investment, and trends in exits and performance. It features perspectives from industry experts on topics like Mexico's role in global emerging markets portfolios, the local private equity association, the role of Mexico's fund of funds, legal considerations, and opportunities in real estate and growth equity. The report is intended to provide insights on private capital activity and investment opportunities in Mexico.
Social & Environmental Due Diligence: From the Impact Case to the Business CaseThe Rockefeller Foundation
Root Capital is a nonprofit social investment fund that grows rural prosperity in poor, environmentally vulnerable places in Africa and Latin America by lending capital, delivering financial training, and strengthening market connections for small and growing agricultural businesses. This issue brief examines the increasingly convincing business case for financial institutions to conduct due diligence on the social and environmental practices of their borrowers.
Kim Coupounas - B Corp - Impact Unleashed 2017Caitlyn Dudas
This document summarizes a presentation about using business as a force for good and the B Corp movement. The presentation discusses how capitalism and business can address social and environmental issues, and introduces B Corps as certified businesses that meet high standards of social and environmental performance, transparency, and accountability. It outlines B Lab's strategy to build a global movement of B Corps and create market incentives for all companies to consider their impact. The goal is to evolve business practices so that society enjoys shared and durable prosperity.
1. The document discusses how entrepreneurship and a global mindset among entrepreneurs can drive economic growth around the world.
2. As communication and travel have accelerated, entrepreneurs now have more opportunities to start and grow businesses on a global scale by accessing new markets and resources.
3. Nations should encourage entrepreneurship through campaigns, education, and fostering a global outlook so entrepreneurs think big, connect globally, and unlock their countries' economic potential.
This document is the 2009 Index of the Massachusetts Innovation Economy. It benchmarks Massachusetts' research and innovation enterprise against other leading states and nations to understand its economic impact. This year's index highlights that many Massachusetts high school students lack interest in STEM careers, so the state established a STEM Education Advisory Council. It also notes a new collaboration between universities, companies and the state government to establish a green computing center to catalyze economic development in Holyoke. The index serves to inform policymaking and collaboration between industry, academia and government to strengthen Massachusetts as a global innovation hub.
The document summarizes research and economic development at the University of Missouri System. It outlines key differences between research and economic development, highlights research expenditures and technology transfer metrics, and discusses goals to expand research collaborations with industry and move more technologies to market through startups and business partnerships. The vice president discusses opportunities and challenges in further advancing the university's research and economic development mission.
The University System: An Engine for Economic Development. Presented August 31, 2011 by Michael Nichols, Vice President for Research and Economic Development
This document summarizes a presentation given by Gary D. Forsee, President of the University of Missouri system, about the impact of UM campuses in the Springfield area and ongoing efforts to improve operations through shared services. Key points include:
- UM has over 8,500 alumni and $23 million in economic impact in the Springfield area through jobs, taxes, and student spending.
- A benchmark study found opportunities to lower costs and improve services in finance, HR, IT, and procurement through increased automation, standardized processes, and regional shared services centers.
- Next steps include functional leader review of findings, identifying immediate improvements, and developing business cases for shared services center aggregation models.
President Gary Forsee reported to the UM Board of Curators on the following topics:
1) Annual operating expenses are down 10% year-to-date and plans are in place for FY11 based on current projections, as they work with state officials on the 2012 budget challenge.
2) A recent ranking showed 11 CEOs of S&P 500 companies graduated from the University of Missouri system, putting it among the top undergraduate alma maters.
3) Regional capital forums are being held to discuss campus capital needs, with the first in Columbia and more to follow in other cities.
4) Key tasks for 2010 include leadership evaluation, advancing economic development initiatives, and finalizing a shared services report in
This document provides an overview of information technology initiatives at the University of Missouri system. It discusses:
1. The mission of IT is to support administrative processes, teaching/learning, research, patient care, and economic development.
2. Examples of recent collaborations across UM campuses include shared learning management systems, intercampus networking, security policies, and procurement policies.
3. Selected accomplishments include implementing PeopleSoft modules, connecting campuses with a 10 Gbps network, retiring mainframes, and deploying new applications.
This document provides a summary of discussions from a Board of Curators meeting including:
- Budget discussions for 2011 and beyond including impacts of tuition and state funding changes.
- Developments in higher education at the state level including combining education agencies and defining board roles.
- Commitments, challenges, and obligations around state appropriations and funding changes.
- Discussions around implementing shared services across the University of Missouri system to reduce costs including appointing leaders and benchmarking activities from other institutions.
- Upcoming economic development events including a life sciences summit and groundbreaking ceremony.
This document provides the schedule and agenda for the Missouri Regional Life Sciences Summit being held on March 8-9 at the University of Missouri-Kansas City. The summit will bring together business and research leaders to accelerate the movement of life sciences innovations from the laboratory to the marketplace. The schedule lists the keynote speakers, breakout sessions on topics like translational medicine and commercialization, and panel discussions on building partnerships between industry and academia. The goal of the summit is to strengthen the regional economy by identifying discoveries with potential for private investment and job creation.
This document summarizes a Board of Curators meeting presentation on research and economic development. It discusses the role of the research and economic development office, highlights record numbers in invention disclosures and license agreements, and compares metrics to peer institutions. It also outlines commercialization facilities including research parks and goals for 2010 such as expanding partnerships and accelerating intellectual property commercialization.
The document summarizes accomplishments and challenges for the University of Missouri System in 2009 and looks ahead to 2010. It discusses:
1) Specific accomplishments in 2009 including growth in enrollment, degrees awarded, research funding, and economic development initiatives.
2) Challenges faced in 2009 such as budget cuts, hiring freezes, and pension funding issues in response to the state's fiscal crisis.
3) Commitments and obligations moving forward including investing in students and researchers despite budget uncertainties from the state, evaluating degree programs and learning models, and maintaining a focus on priorities like faculty, students, and research.
The document summarizes key topics from town hall meetings at the University of Missouri-Columbia, including higher education issues, the university's 10-year profile, budget concerns, and the governor's announcement to hold tuition flat for another year. It also outlines actions and evaluations the university will take in the next year related to degree programs, e-learning requirements, and pathways between education levels.
The document discusses the Technology Innovation Program (TIP) which provides funding for high-risk, high-reward research projects that address areas of critical national need. TIP focuses on funding collaborative projects between businesses, universities, and research institutions. In 2009, TIP funded projects in two areas: advanced sensing technologies and materials for infrastructure repair, and processes to accelerate the incorporation of advanced materials into manufacturing. The document provides details on TIP's goals, funding criteria, advisory board, identification of critical national needs, and past funding opportunities.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help boost feelings of calmness, happiness and focus.
The document provides an update on efforts to establish a statewide coalition in Missouri to advocate for higher education. It discusses outreach conducted with various higher education organizations across the state to gauge interest. It proposes creating a new non-profit organization called Missouri's Higher Education Partnership with a board, advisory council, supporters, and $200,000 annual budget. The organization would engage in research, education, and advocacy efforts to support higher education issues to legislators and opinion leaders across the state. An initial meeting is planned for interested supporters in November 2009 to discuss the new organization.
- Record enrollment of 31,314 students at the University of Missouri in 2009, with high academic quality and retention rates.
- MU has seen strong growth in research funding and ranks 12th nationally in life sciences funding from the National Science Foundation. It generates over $4.4 million in external research funds per week.
- A new $9.1 million life science business incubator was dedicated in May 2009 to help commercialize research from MU scientists. Products invented at MU have generated over $845 million in revenue.
The document summarizes enrollment trends, research funding, accreditation, rankings, and facilities needs at Missouri University of Science and Technology. Specifically:
- Enrollment has increased 41% since 2005, with growth in undergraduates, graduates, and non-engineering majors.
- Research funding increased in FY2009, with more proposals submitted and awarded.
- Accreditation reviews found concerns about lab equipment and increasing faculty along with enrollment.
- National rankings placed S&T as the 5th top technological research university and 12th best public university.
- Classroom and lab space needs to be expanded to support enrollment increases since 2000.
This document summarizes challenges and opportunities facing the University of Missouri System in the coming months. It discusses issues in higher education like accountability, access, budgets, and competition. Specific challenges in Missouri include attitudes toward funding, community college growth, the state economy, and producing enough STEM and healthcare professionals. The UM System aims to increase enrollment while maintaining standards, and improve outcomes. Budget cuts have offset declines in state support through tuition shifts. Priorities include strengthening P-20 education, accountability measures, and growing technology transfer revenue.
UMSL received full accreditation and was ranked highly in several programs. Biology professor Robert Ricklefs was elected to the National Academy of Sciences, and English professor Richard Cook received a Guggenheim Fellowship. UMSL was ranked 14th nationally for its positive impact on its metro area. The university broke several enrollment records and its Gateway for Greatness campaign has raised $83 million to date, setting a fundraising record.
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
Best Competitive Marble Pricing in Dubai - ☎ 9928909666Stone Art Hub
Stone Art Hub offers the best competitive Marble Pricing in Dubai, ensuring affordability without compromising quality. With a wide range of exquisite marble options to choose from, you can enhance your spaces with elegance and sophistication. For inquiries or orders, contact us at ☎ 9928909666. Experience luxury at unbeatable prices.
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
𝐔𝐧𝐯𝐞𝐢𝐥 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐄𝐧𝐞𝐫𝐠𝐲 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐰𝐢𝐭𝐡 𝐍𝐄𝐖𝐍𝐓𝐈𝐃𝐄’𝐬 𝐋𝐚𝐭𝐞𝐬𝐭 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬
Explore the details in our newly released product manual, which showcases NEWNTIDE's advanced heat pump technologies. Delve into our energy-efficient and eco-friendly solutions tailored for diverse global markets.
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
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How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....Lacey Max
“After being the most listed dog breed in the United States for 31
years in a row, the Labrador Retriever has dropped to second place
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popular canines. The French Bulldog is the new top dog in the
United States as of 2022. The stylish puppy has ascended the
rankings in rapid time despite having health concerns and limited
color choices.”
The Genesis of BriansClub.cm Famous Dark WEb PlatformSabaaSudozai
BriansClub.cm, a famous platform on the dark web, has become one of the most infamous carding marketplaces, specializing in the sale of stolen credit card data.
[To download this presentation, visit:
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This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations
Digital Marketing with a Focus on Sustainabilitysssourabhsharma
Digital Marketing best practices including influencer marketing, content creators, and omnichannel marketing for Sustainable Brands at the Sustainable Cosmetics Summit 2024 in New York
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...APCO
The Radar reflects input from APCO’s teams located around the world. It distils a host of interconnected events and trends into insights to inform operational and strategic decisions. Issues covered in this edition include:
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
Fortune Magazine Missouri Section
1. SPECIAL ADVERTISING SECTION
A state of
Change
In America’s heartland, Missouri
is transforming itself into a center
for biotechnology and sustainable
businesses that can help the planet.
In Partnership with
2. SPECIAL ADVERTISING SECTION
Missouri ranks second
in the Nation in the
number of farms.
If the words “heartland” and “cutting edge” man and CEO Tomas Hode, a Ph.D. from
Sweden who founded the company. In
don’t seem to have much in common, think moving to Missouri, he got not only af-
again and take a hard look at Missouri. fordable office space but also financing,
Along with its traditional harvest of corn mentoring, and room to grow. “I am
very, very happy here,” he says.
and soybeans, Missouri is growing a very Take a 30-minute drive from Colum-
bia, and there’s Soy Labs, a onetime
different kind of crop these days— York, and South Carolina, and even California company. It will soon be the
young companies that are looking to some from countries as far away as the first tenant in the Missouri Plant Sci-
leave their mark on the world by curing United Kingdom and Israel. ence Center, now under construction in
cancer, feeding the hungry, solving the Consider Immunophotonics, a small the small town of Mexico. In addition
energy crisis, and tackling the other company that has developed a minimally to office and lab space, the center will
critical challenges facing the planet. invasive laser-assisted vaccine designed include a pilot manufacturing plant de-
The entrepreneurs behind these to treat metastatic breast cancer. A signed to help companies easily move
fledgling firms are dreaming big. year ago, the company moved into the from the lab into initial manufacturing.
They’re also getting lots of support University of Missouri’s brand-new Life And that, says Soy Labs president Ryan
from state and local government, as Science Business Incubator in Columbia, Schmidt, means his fledgling company
well as from Missouri’s leading universi- where $300 a month buys furnished will be able to get its product to market
ties and prestigious research institutes. work space, shared office equipment, without first investing in its own labora-
The resulting spirit of collaboration and and access to mentoring resources. “We tory or production plant.
innovation is luring companies from moved into the incubator to take this “It would cost us easily 50% to 80%
high-profile states like California, New to FDA approval in the U.S.,” says chair- more to do this same work in California,”
S2 www.fortune.com/adsections
3.
4. SPECIAL ADVERTISING SECTION
says Schmidt, whose company develops past year, Express Scripts’ positive eco- initiatives designed to chart the state’s
cholesterol-reducing soy products that nomic impact on Missouri should con- future economy.
can be added to supplements, foods, tinue to grow. It’s a story that the state One of the most ambitious is
or beverages. He expects to have 20 is anxious to replicate, and it’s work- Missouri’s Strategic Initiative for Eco-
employees on-site within nine months, ing hard to do just that. Building on its nomic Growth. Launched this summer
and hopes to eventually build a plant in diverse agricultural base, the state is by Governor Jay Nixon, its stated pur-
the 70-acre business park that abuts the helping launch companies that can take pose is to transform the state’s economy
center. “If you can grow companies and advantage of Missouri’s great natural in the next five years. “We want to be
grow entrepreneurs in this down econ- resources, world-class universities, out- proactive, not reactive,” says Nixon of
omy,” he says, “just wait until the econ- standing quality of life, and supportive the project, which will ultimately iden-
omy turns around to see what happens.” business environment. tify the six or eight initiatives that hold
Missouri uses a traditional toolbox the most promise for Missouri. “We
Homegrown Success Stories of tax credits, tax rebates, and govern- need to know where we are going if we
Missouri—which proudly touts its nick- ment grants to attract companies to are going to get there.”
name, “The Show-Me State”—takes this the state. But there’s more. The state The project—business-led and data-
culture of entrepreneurship seriously.
Studies show that business startups
play a major role in job creation, in
some areas providing as much as 12%
of employment, according to the Kauff-
man Foundation, a Kansas City–based
organization devoted to entrepreneur-
ship. The state has only to look at some
of its own success stories to see what
can happen.
Express Scripts, for one, started in
1986 with the innovative idea of provid-
ing mail-order pharmacy services. “Our
founder looked at millions of patients
taking maintenance medications for
chronic diseases, and he wondered why
they were being forced to drive to a
pharmacy every 30 days,” says CFO Jeff
Hall. For the next 25 years, the company
implemented a series of breakthrough Kansas City skyline,
methods that continue to make the use highlighted by the
historic Union Station.
of prescription drugs safer, more ef-
fective, and more affordable. With its
commitment to R&D, Express Scripts,
now headquartered on the campus of
the University of Missouri–St. Louis, has receives a spotless AAA bond rating driven—is moving fast. With a 41-mem-
flourished. Revenues in 2009 reached from all three rating agencies, and for ber steering committee comprising busi-
$24.7 billion, and they are projected to the past two years it has balanced its ness, industry, labor, civic, and education
exceed $40 billion in 2010. budget without raising taxes. In a CNBC leaders, the initiative has garnered
The impact on the state’s economy? rating of states with the lowest cost of broad support. Its final report is due on
When you add up Express Scripts’ pay- doing business, Missouri ranks fifth. the Governor’s desk by March 31.
roll, the business it does with local sup- These days the state is finding that Such aggressive pursuit of business in-
pliers, capital investment, charitable some of its strongest appeal comes novation isn’t a surprise to Missourians.
contributions, and taxes, the amount from Missouri’s community approach to After all, this is the state that launched
that the company contributes to Mis- problem-solving, its collaborative spirit, the Lewis and Clark expedition and gave
souri totals nearly $1 billion a year. And, and its willingness to think outside the birth to the Pony Express. Missouri is
after opening its multimillion-dollar box. This penchant for innovation and the state that invented the ice cream
Technology & Innovation Center this independent thinking is clear in the cone and built the space modules used
S4 www.fortune.com/adsections
5. The future of aerospace is alive and well in the Greater
St. Louis region. Thanks to the confidence of our
customers and the exceptional efforts of our workforce,
local community support, and our elected officials,
Boeing has won substantial contracts for the F/A-18
Super Hornet and F-15. We applaud everyone who
contributed to this legacy of aerospace leadership
and are committed to building on that honor.
6. SPECIAL ADVERTISING SECTION
resources.” The company is doing its part
Greenhouses at the
to address these challenges by develop-
Donald Danforth
Plant Science Center, ing better tools for farmers, including
St. Louis.
advanced hybrid and biotech seeds.
Still, getting the world to see the
potential provided by new agricultural
innovations can be challenging. “People
don’t understand how significantly
farmers could improve their lot by sim-
ply using hybrid seed,” says Begemann.
Example: In three short years, the intro-
duction of hybrid corn seed transformed
Malawi from a country where people
were starving to one that is now export-
ing its own corn.
Animal Kingdom
In the western part of Missouri, the fo-
cus shifts from plants to animals. Once
home to the Kansas City Stockyards, this
region has now positioned itself as the
Missouri ranks third in the Small Business nation’s animal health center, produc-
and Entrepreneurship Council’s Energy ing everything from animal vaccines
Cost Index 2010, which measures where and veterinary supplies to livestock feed
and pet products. Some 32% of the $19
the 50 states stand in terms of how major billion global animal health industry is
energy costs affect small businesses, based in the Kansas City area, making it
individuals, and families. the largest single concentration of ani-
mal health companies in the world.
Why Kansas City? Located in the geo-
graphic center of the U.S., the Kansas
in the Gemini and Mercury space proj- chairman of the center named for his fa- City region is within 350 miles of 45%
ects. These days, it’s home to a growing ther. “If you don’t have something great of all the country’s feedlot cattle, 40%
number of scientists who are splitting in your community, you don’t have a of its hogs, and 20% of its beef cows
genomes, creating new energy frontiers, great community.” and calves. The region has five veteri-
and changing the face of agriculture. Next door to the Danforth Center, a nary schools located within a 300-mile
new bioresearch park is attracting young radius. In 2007, the U.S. Animal Health
Sustainable Agriculture plant-science firms. Across the street Association moved its headquarters to
In the eastern part of the state near from the center is Monsanto, the former nearby St. Joseph after decades in Vir-
St. Louis, the emphasis is on plant sci- chemical company that has remade itself ginia. Small surprise, then, that the re-
ences. It is here that the prestigious by focusing on agriculture. Along the gion boasts such well-known brands as
Danforth Plant Science Center is work- way, it has become a major force in the Advantix, Beneful, and Greenies, as well
ing to develop new varieties of crops, search for new ways to make agriculture as companies like Switzerland’s Nestle
ranging from cassava with improved more sustainable. Its sprawling 500-acre Purina Petcare and Israel’s Teva Animal
nutritional qualities to disease-resistant facility is filled with scientists who take Health Inc. “A very large part of the
and drought-tolerant plants, and new that charge seriously. global industry is sitting right here,” says
biofuels to create a sustainable energy Given the projections for world George Heidgerken, president and CEO
source, as well as ways to reduce pesti- population growth, agriculture has a of animal health company Boehringer
cide and fertilizer use. big job—doubling food production by Ingelheim Vetmedica Inc. and chairman
“Our goal is to improve nutrition, 2050, says Brett Begemann, Monsanto’s of the advisory board for the KC Animal
end starvation, preserve the environ- executive vice president of global seeds Health Corridor.
ment, and build St. Louis as a center for and traits. “And we’ll have to do it on Then there are the biomedical
plant science,” says William H. Danforth, the same amount of land and with fewer companies. Some have their roots in
S6 www.fortune.com/adsections
8. SPECIAL ADVERTISING SECTION
genome-sequencing projects at the
universities; others have sprung from GoodS roll off the line
in a Missouri plant.
Missouri hospitals. Still others have ar-
rived from outside the state to capital-
ize on Missouri’s research capabilities
and incubator support. The collabora-
tive approach to both science and eco-
nomic development translates into lots
of room for translational science, which
means that breakthroughs in one disci-
pline can easily be applied in another.
At Washington University, located
at the western edge of Forest Park in
St. Louis, that kind of interdisciplinary
approach is hardwired into the curricu-
lum. Students are encouraged to take
courses in any of the university’s various
schools, and it’s not uncommon to find
a biology major minoring in music or
a student in the art school graduating
with a dual major in economics.
Then there is the university’s Skan-
dalaris Center for Entrepreneurial Stud- Missouri’s Central Location
ies. While located within the business
school, it funds and coordinates courses
across all schools and programs at the
university. Every year, it awards more
than $200,000 in seed money for com-
mercial and nonprofit ventures. Recent
Within 500 miles of:
winners include a customized earbud
company, a DNA sequencing lab, a loca-
• 44% of U.S. population
vore food market, and a group that uses • 38% of U.S. personal
ballroom dancing to build self-esteem income 500 Miles
and confidence among fifth-graders. • 45% of total U.S.
With about 6,000 full-time under- households
graduates and 5,600 full-time students
• 46% of total U.S.
in graduate and professional programs,
manufacturing
Washington University has also been a
capacity
magnet for talent. “We have become
one of the major importers of human
resources in the state,” says Chancellor
Mark S. Wrighton. “Approximately 90%
of our students come from outside Mis- Missouri is located to markets all over the and more than 1,000
souri, and about 30% remain in the re- near the country’s geo- world. The state has miles of waterways.
gion after graduation.” graphic and population been ranked as one of The state is a hub of
centers and is a virtual the best for manufac- business activity, with
Incubating Breakthrough Ideas “next-door-neighbor” turing and logistics. more than 160,000
At the University of Missouri system, to at least 20 states. Missouri has the 7th tons of cargo and 20
new policies are helping the four- The state’s proximity largest highway system million airline passen-
campus system aggressively tackle the also allows for effi- in the U.S., two of the gers transported by air
challenge of growing new companies. cient “quick shipping” largest rail terminals, each year.
A few years ago, the system expanded
its stated mission to include economic
S8 www.fortune.com/adsections
9.
10. SPECIAL ADVERTISING SECTION
development, and ever since it has been commercialize. Then it reinvests a signifi- This year, some $600,000 was available
overhauling the way it develops, at- cant portion of what’s left in the inven- for fast-track faculty projects—inventions
tracts, grows, and invests in fledgling tor’s department. that needed a bit more money to see if
businesses. “We color outside the lines,” The university system also took aim they could be commercialized. There is
says Mike Nichols, vice president of re- at the state’s Sunshine Law, which re- also a brand-new $5 million seed-capital
search and economic development. quired its public-private partnerships and fund for direct investment, which Nich-
On one front, the university sys- collaborations to be transparent to the ols sees as offering the state big returns.
tem—which has nearly 70,000 students public. That law was making it nearly im- “We’re not looking to make money.
on its four campuses—has revamped possible for the university to work with We’re looking to create jobs,” he says.
some longstanding practices to make it companies concerned about revealing The result is more small companies
easier to attract talent. Most recently, business plans, financial information, or populating a growing number of uni-
it changed its rules to allow students to trade secrets that could endanger their versity-affiliated high-tech incubators
own outright any intellectual property competitiveness, Nichols says. This sum- that are designed to foster growth in
they develop while in school. It also takes mer, Senate Bill 733 revised that law, plant science, animal health, biomedical
a generous approach to its faculty inven- leveling the playing field between public innovations, and other attractive areas.
tors, letting them keep one-third off and privately funded institutions. “I feel like a kid in a candy store,” says
the top of any revenues produced by a The university has even begun making Nichols, who spent 25 years launching
technology that the university chooses to direct investments in startup companies. new companies before joining the uni-
versity. “I get to leverage other people’s
money, make money for them, and teach
Missouri ranks fifth in the Tax Foundation’s others how to do it.”
Corporate Income Tax Index, which looks These incubators offer the commu-
nity more than just job generation. At
at the impact of each state’s principal tax the Christopher S. “Kit” Bond Science
on business activities within the state. and Technology Incubator in St. Joseph,
12. • Express Scripts • Emerson Electric •
Monsanto • Ameren SPECIAL ADVERTISING SECTION
•Reinsurance Group of America •
Charter Communications
• Peabody Energy • Smurfit-Stone
Container • Graybar Electric •
Centene • Energizer Holdings
• Ralcorp Holdings • Jones Financial • Historical Snapshots:
Arch Coal • Brown Shoe
• Sigma-Aldrich • Patriot Coal •
Solutia • Laclede Group •
• The 10-story Wainwright
Building, designed by Louis
Sullivan and built in 1891, is
considered the world’s first
skyscraper. Still standing in
downtown St. Louis, the
building marked a
turning point in
building design
due to its load-
• The Pony Express, born in bearing steel
Home of 19 St. Joseph in 1860, improved
communications across the
country by shortening mail
framework.
• Food firsts are
FORTUNE 1000™ delivery from St. Joseph to
Sacramento, Calif. The fastest
common: The ice
cream cone was re-
Headquarters trip made during the compa-
ny’s brief 18-month history:
portedly invented at
the St. Louis World’s Fair in
seven days and 17 hours. 1904. Other iconic Ameri-
can foods—including the
• Born a slave, Missouri native hot dog, Dr Pepper, cotton
18 Largest Metro
th George Washington Carver candy, and iced tea—were
discovered 300 uses popularized at the fair. Aunt
for peanuts. The agri- Jemima’s pancake flour, in-
Leading Financial cultural chemist vented in St. Joseph, was the
Services Center also developed a crop rota- first ready-mix food to be in-
tion system for Southern cot- troduced commercially.
Second Only to Wall Street
ton farmers that made use of
soil-enriching plants such as • The University of
25 Colleges and Universities peanuts, soybeans, sweet po- Missouri opened the
tatoes, and pecans. world’s first school of
National Leader journalism on Sept. 14,
in Plant and Life Sciences • In the early 1870s, Adolphus 1908. By the end of the day
Busch was the first Ameri- students and faculty edi-
Affordable Living can brewer to adopt the use tors had published its first
of pasteurization, allowing newspaper.
beer to be shipped
long distances with- • McDonnell Aircraft,
out spoiling. He also which later merged with
pioneered the use of Boeing, built space cap-
artificial refrigera- sules for Project Mercury,
tion, refrigerated rail the first U.S. manned space
cars, and rail-side program, as well as for
icehouses. Project Gemini.
GoToStLouis.org
FORTUNE 1000 is a trademark of the
Fortune Magazine division of Time Inc.
S12 www.fortune.com/adsections
13. ADVERTISEMENT
Mercy Delivers The Mercy SafeWatch
team monitors over 400
tktktk
the Future of ICU patients in four states
from its command center
in St. Louis.
Health Care
Making Missouri Healthier—Physically and Financially
With 400 locations and nearly 22,000 co-workers and physi-
cians across the state, Mercy touches the lives of approxi-
mately 1.8 million Missourians each year. As an employer,
Mercy provides approximately $104 million in payroll each The online ser-
month to build stronger families and local economies. The vice MyMercy
lets patients
economic benefit of Mercy in the St. Louis area alone has contact their
been estimated at $2.2 billion in 2009. doctor and
manage their
health when
$450 Million Electronic Health Record Investment Improves it’s most
convenient.
Patient Experience
Mercy joins just 2.6% of providers nationwide (including Johns
Hopkins and Mayo Clinic) that use an electronic health record
to its fullest. Each day, doctors and caregivers place an average
of 60,000 orders for care and track over 30,000 medication
administrations, improving safety and outcomes for patients.
New Personal Health Record Empowers People to
Better Manage Health Springfield Distribution Center Facilitates
MyMercy, an online connection with a personal physician, Supply Chain Operations
opens up unlimited possibilities in managing health. With Mercy’s supply chain operating division, Resource Optimization
the right information and a convenient connection to their and Innovation (ROi), processes 2.1 million pick commands per
doctor, people can make smarter decisions and live more year from its warehouse. ROi returned over $22 million in net
productive lives. financial benefit to customers in fiscal 2009 and was ranked
second in the world in the AMR Research Healthcare Supply
Nation’s Largest Single-Hub Electronic ICU Extends Care Chain Top 25 for 2009, just behind Johnson & Johnson.
to Remote Hospitals
Mercy’s SafeWatch program brings specially trained physicians Mercy Partners with Employers to Reduce Expenditures
called “intensivists” to over 400 ICU beds in four states. Based Holding the cost of employee health benefits to half the national
in St. Louis, SafeWatch represents the future of telemedicine; average is a big win for a large employer in Springfield, Mo. who
it provides extra support and expertise to a patient’s bedside partnered with Mercy. Mercy’s ongoing education and health
care team in remote hospitals. programs help employers control costs and manage health.
$60 Million Data Center Processes Two Terabytes of 154 Years of Firsts, Pioneered by the Sisters of Mercy
Information Every Second For a century and a half, the Sisters of Mercy served Missouri by
Mercy chose Washington, Mo. from more than 20 sites in the providing hospitals and nursing training where there were none.
Midwest to build its data center. The center supports Mercy’s Following in the Sisters’ footsteps, Mercy continues to innovate
clinical and operational functions across four states. Built on today by listening and meeting the needs of people in the
Missouri bedrock, it can withstand a variety of Midwest. Mercy is delivering a new model of care
natural events—including a tornado with 157- and bringing the future of health care to Missouri.
mph winds. With a 99.99% availability of data
and files, its backup systems ensure that doctors
and clinicians can continue to serve patients. To learn more about Mercy, visit mercy.net.
www.fortune.com/adsections S13
14. SPECIAL ADVERTISING SECTION
Education was also a consideration in state’s public universities and colleges ployees continuing engineering courses
renovating the hospital kitchens, which topped 255,000—an increase of more that build its talent pipeline. And the
now serve as a leasable culinary work- than 10,000 students over last year. training connection goes even deeper.
space. Fully renovated, the area is divided “We invest in all tiers of the education
into five kitchens and boasts $250,000 of Developing a Talent Pool system,” says Muilenburg, noting that
new cooking equipment ranging from Corporations, too, are playing a key role one of his favorites is a high school FIRST
ovens to mixers to a smoker. Already be- in workforce development. The state robotics competition. “We actually have
ing leased to tenants who need space to has been working hard to not only ask a couple of engineers working for us
develop products and start production, it employers to identify the kinds of skills who were part of that program.”
will eventually house a culinary arts edu- they view as necessary for their contin- Edward Jones, too, has found the
cation program, as well. ued growth, but also to create those state to be a place where the spirit of
“This is so much fun,” says the kitch- programs in the state’s universities, col- collaboration ranges from lofty goals
en’s first tenant, Jennifer Ward, as she leges, and two-year schools. like training the workforce to nuts-and-
was running a test batch of gluten-free Boeing is a prime example. The bolts business development. Founded
cookies through the new rotating con- aerospace giant’s defense, space, and in 1922, the financial services firm has
Missouri ranks A Boeing employee
fifth in the cost of building a fighter jet
in St. Louis.
doing business in
America’s Top States
for Business, an
index compiled
by CNBC that is
based on each
state’s tax burden
on individuals,
property, and
business, as well
as utility and
energy costs.
vection ovens. For Ward, the incubator security unit is headquartered in St. grown over the years and recently over-
is a way to build her business; to Lesnak, Louis, where it produces products rang- saw a significant expansion that hinged
it’s a way to build a community. “Sta- ing from tactical aircraft to unmanned in part on the state’s willingness to
tistics show that 85% of all incubator systems. In 2007, it launched a program accelerate replacement of a key inter-
companies stay in the community where with the State of Missouri and St. Louis change off Interstate 270.
they started,” he says. Community College to retrain people “In Missouri, there is a real and
Recognizing the importance of edu- for sheet metal assembly. “It is an in- widespread understanding of the value
cation to workforce development, the credibly productive relationship,” says and necessity for a good business en-
state has worked hard to make college Dennis Muilenburg, president and CEO vironment,” says Jim Weddle, Edward
more accessible. Govenor Nixon and the of Boeing Defense, Space & Security. Jones managing partner. “As a result,
state’s public higher education institu- “This program trains individuals in the the state, the region, and localities co-
tions—including both two-year and key skills needed for the aircraft assem- operate. They recognize that working
four-year colleges—agreed to freeze bly process.” together they can achieve far more than
tuition for the past two years despite Boeing also partners with Washing- working apart. This cooperation drives
challenges posed by the economy. As a ton University and Missouri University of economic development. “
result, this fall, total enrollment in the Science and Technology, offering its em- Some see Missouri’s pioneer past
S14 www.fortune.com/adsections
15. SPECIAL ADVERTISING SECTION
A Powerhouse Health Care for the Web Directory
for Missouri Underserved
Missouri Dept. of Economic Development
ded.mo.gov
The Missouri Partnership
Ameren Missouri serves 1.2 million electric For more than 25 years, states have fortune.MissouriPartnership.com
and 126,000 natural gas customers in 63 relied on Centene Corp. to provide health Ameren
AmerenMissouri.com
counties and 500 towns. Part of St. Louis- care services and programs to its most
Anheuser-Busch
based Ameren Corp. (NYSE: AEE), Ameren vulnerable and underserved residents. anheuser-busch.com
Missouri is critical to the state’s economy. Centene has been proud to call Missouri Boeing
Its electric rates are about 33% below the home to its corporate headquarters for boeing.com
national average, while it has invested the past decade, benefiting greatly from Centene Corporation
more than $1 billion in infrastructure proj- the pioneering spirit so deeply ingrained centene.com
ects to ensure that Missouri’s grid, power in our state’s history. The innovative Edward Jones
edwardjones.com
plants, and pipelines are safe, reliable solutions that we continue to develop
Express Scripts
and environmentally sound. In addition, allow us to remain true to our founding express-scripts.com
Ameren Missouri’s economic development belief—that every American is entitled Kansas City Area Development Council
professionals offer a portfolio of value- to receive quality health care with ThinkKC.com
added programs, and expertise for com- dignity. The friendly economic climate Monsanto Company
monsanto.com
panies interested in expanding or moving and unparalleled professional talent
Sisters of Mercy Health System
their operations to Missouri. Learn more at in Missouri have been invaluable in mercy.net
AmerenMissouri.com. helping us achieve our mission. St. Louis Regional Chamber & Growth Assoc.
GoToStLouis.org
University of Missouri System,
Research and Economic Development
umsystem.edu/redmap
Washington University in St. Louis
wustl.edu
Webster University
webster.edu
United States • Austria • China • the Netherlands • Switzerland • Thailand • United Kingdom
“Webster University was formed by a progressive, committed,
inclusive and entrepreneurial community of educators. While
the University has changed over time, the values and
commitments formed at the outset have endured.
They guide us and mark us as those who care,
who respond, who innovate, who lead.”
Dr. Elizabeth (Beth) Stroble
President
webster.edu
470 E. Lockwood Avenue • St. Louis, MO 63119
16. SPECIAL ADVERTISING SECTION
Missouri has 90
Missouri boasts
wineries and 1,500
acres devoted
a total 131,100
to grapes. green jobs in
both direct and
support positions.
They account for
4.8% of employment
within the state.
and more environmentally friendly.
Since the end of 2004, Anheuser-Busch
breweries have reduced water usage by
nearly 32%, saving 23 billion liters of
water. The company now recycles 99.4%
of the solid waste generated in the
brewing and packaging process, includ-
ing aluminum, glass, grain, scrap metal,
and cardboard.
The company has also embraced al-
ternative energy in a big way, including
the use of solar power at two brewer-
ies and bio-energy recovery systems at
10 breweries, which use nutrient-rich
wastewater from the brewing process
to create and capture renewable fuel.
reflected in the way the state and its “This makes us sustainable going for- International Aspirations
companies are tackling economic issues ward,” says Lynn Britton, president and On another front, Missouri is taking a
today. Mercy, a four-state health care CEO of Mercy. “And this is just the start.” more global view of the world these
ministry based in St. Louis, has just fin- Innovation in Missouri, however, days. It has been forging overseas con-
ished a decade of infrastructure build- isn’t just about starting new companies. nections in countries ranging from Mex-
ing. Faced with big changes in health It’s also about helping established com- ico to Japan, and it’s working to boost
care and aging systems, Mercy rolled panies looking for new and better ways exports and attract foreign companies to
up its sleeves and performed a major of doing business. At Anheuser-Busch, the state. One of its most publicized ef-
overhaul. The result: a brand-new elec- for example, there’s a long history of forts has been the campaign to establish
tronic health record system, a new data embracing technology as a way of im- a China hub at the Lambert–St. Louis Air-
center, a state-of-the-art supply chain proving business. More than a century port. Toward this end, Webster Univer-
that tracks everything right down to ago, the company revolutionized the sity president Elizabeth Stroble was one
a bandage as it arrives at the patient’s beer business by adopting pasteuriza- of those accompanying a recent Missouri
bedside, and a fast-growing telemedi- tion, artificial refrigeration, refrigerated delegation to China. Her school, which
cine operation. railcars, and railside icehouses. boasts 108 campuses worldwide, has had
The health care frontier today may “Our founders transformed the U.S. a working relationship with the Chinese
look different than it did to the pioneer- beer industry and instilled a passion for ministry of education for years. And
ing nuns who founded the health minis- innovation that continues to drive our that, Stroble says, gave her some insight
try more than 150 years ago. But the com- company,” says president Dave Peacock. into the Chinese interest in St. Louis.
mitment to getting the job done through These days the company is turning to “I see the cargo hub as a way to es-
hard work and vision is much the same. technology to make its breweries greener tablish the kind of relationship with
S16 www.fortune.com/adsections
17.
18. SPECIAL ADVERTISING SECTION
not-for-profit research organization in
Nelson-Atkins Museum Kansas City, and you’ll get a sense of
of Art, Kansas City
the future. The institute tackles applied
science issues ranging from analyzing
anti-cancer drugs to engineering ro-
botics for defense. Some of the most
exciting work is being done in the field
of energy, where algae oil and biomass
are showing great promise, particularly
when combined with other technolo-
gies such as CO2 capture.
With Missouri’s wealth of resources—
water, fields to grow biomass, and loads
of scientific talent—the possibilities
stretch the imagination. “When all those
things are linked, that will make this the
epicenter of some of the most exciting
development in the country,” says Roger
Harris, associate vice president and direc-
Missouri offers newcomers the fifth-lowest tor of energy and life sciences.
cost of living in the country, plus friendly Governor Nixon says one recent trip
to a southern Missouri farm exemplifies
people and a sense of community. his state’s potential for innovation and
growth. He visited the soybean fields of
Kip Cullers, near Stark City, in October
China that is a win-win,” says Stroble. When Shah told his wife they were to present Cullers with the Governor’s
Part of the Chinese attraction to Mis- heading to Missouri, the first thing she Award for Agricultural Achievement.
souri, she says, is its excellent education did was check out Columbia on Wiki- Cullers had set a new world record
system. And she is quick to point out pedia. A visit last July sealed the deal. for soybean yields: 160.6 bushels per
that Webster not only has campuses in What the Shahs found in Missouri was acre. That tops the previous world re-
China but also houses one of the Chi- an affordable lifestyle—the state has cord—also set by Cullers, in 2007—of
nese government’s Confucius Institutes the fifth-lowest cost of living in the 154.57 bushels. Cullers attributes his
on its home campus in Webster Groves. country—friendly people, and a sense success to his use of the latest advances
One of only 362 in the world, the Insti- of community. in scientific research and development;
tute promotes better understanding of There’s also a lot to do. Not only does a keen eye for detail; and old-fashioned
Chinese history, language, and culture. the state have two urban centers—St. Midwestern elbow grease. He walks his
Is Missouri a hard sell to the Chinese? Louis in the east and Kansas City in the fields multiple times a day to make sure
What about to New Yorkers or Cali- west—but each city also boasts its own his plants are growing in the most con-
fornians, or those eyeing the research sports teams, symphony, theaters, and ducive environment possible.
parks of the Southeastern states? Trans- museums. Across the state, there are “Kip Cullers and farmers across Mis-
plants often say they weren’t sure about caves for spelunking, streams for fishing, souri exemplify our future of innovation,
Missouri until they arrived but were lakes for boating, and lots of state parks science, and progress,” Govenor Nixon
happily surprised by what they found. for biking, hiking, and birdwatching. The says. “They build on our state’s tradition
Tariq Shah, whose company state’s wineries—while not well known of agriculture and farming, but they’re
PetScreen opened an office in Columbia outside of Missouri—have a long history embracing science and technology to
last year, initially thought he’d be set- and a loyal following. And those inter- expand their operations in the 21st cen-
tling in New York State. The U.K.-based ested in history have their choice of such tury. That’s exactly the innovative spirit
company wanted to tap into the U.S. attractions as Civil War reenactments, that will move every part of Missouri’s
pet population. “There are more dogs Harry Truman’s home in Independence, or economy forward.” —Lynn Asinof
in the U.S. than there are people in the Pony Express Museum in St. Joseph.
England,” he explains. But the company Missouri also feels like a place where To advertise in our Economic Development
opted for Columbia because “the situa- a person can make a difference. Stop sections, contact Pete Franco at 212.522.4227.
tion was too good to resist.” by the Midwest Research Institute, a For reprints, call PARS at 212.221.9595, ext. 437.
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19. SPECIAL ADVERTISING SECTION
Missouri’s Economy: A Center of
Fourth Most Diversified of All 50 States Innovation
The Brookings Institution named the
OTHER NATURAL RESOURCES 18-county Kansas City region one of the
OTHER SERVICES
AND MINING 20 strongest U.S. metros surviving the
LEISURE AND HOSPITALITY current economic recession, based on em-
TRADE, TRANSPORTATION, ployment and GNP. Want to find out why?
CONSTRUCTION AND UTILITIES
Visit ThinkKC.com for general market in-
formation. Visit KCSmartPort.com to learn
INFORMATION
how KC is ideal for distribution and ware-
housing. Go to KCAnimalHealth.com for
EDUCATION AND
information on the world’s largest concen-
HEALTH SERVICES
FINANCIAL tration of animal health industry assets.
ACTIVITIES Visit KCAdvancedEnergy.com to review
KC’s advanced transportation, wind en-
GOVERNMENT ergy, biofuel, and engineering assets.
Go to KCnext.com to connect with KC’s IT
industry. Get details on KC’s career and
PROFESSIONAL AND
BUSINESS SERVICES MANUFACTURING lifestyle assets at LiveWorkKC.com.
Source: U.S. Bureau of economic analysis
JAY NIXON GOVERNOR OF MISSOURI
“ It’s no surprise that businesses want to come to
Missouri - we have some of the most competitive
business and energy costs of any state in the nation.
But businesses also want to stay here, want to grow here.
Why? Because they can.”
3rd lowest business energy costs
(Small Business Entrepreneurship Council)
5th lowest cost of doing business (CNBC)
7th best transportation network (CNBC)
WWW.FORTUNE.MISSOURIPARTNERSHIP.COM
MISSOURI DEPARTMENT OF ECONOMIC DEVELOPMENT THE MISSOURI PARTNERSHIP