Missouri Business Headlines

ESOP bill sees bipartisan support on Senate floor

Legislation to encourage more employee ownership of Missouri companies continues to gain momentum in the General Assembly after passing its first test on the Senate floor. Senate Bill 856 would entice Missouri business owners to sell to their employees by providing a 50 percent tax credit on capital gains from the sale. At least 30 […]

Employee ownership — A proposal to encourage ESOPs

In the mid-1980s, Burns & McDonnell found itself at a major turning point. At the time, the Kansas City engineering firm was owned by Armco Steel. However, Armco was interested in selling Burns & McDonnell to a foreign investor. Fearing that the sale could lead to a downturn for the company, Burns & McDonnell leaders […]