Ozarks Business/Economy

Bass Pro Shops
Scott Harvey / KSMU

Citing highly complementary business philosophies and product offerings, Springfield-based Bass Pro Shops will acquire rival Cabela’s in a deal valued at $5.5 billion.

A joint press release issued Monday says Bass Pro is paying $65.50 per share in cash to attain the Nebraska-based company, a transaction that is expected to close in the first half of 2017. The two brands serving outdoor enthusiasts will operated independently until then.

Local business owners, human resource managers and area school superintendents are encourages to participate in the second annual State of the Workforce Survey.

The study seeks to identify the issues, challenges and trends facing businesses and educators across the region in 2016. It’s being conducted by the Ozark Region Workforce Development Board, in partnership with the Missouri Job Center and various chambers of commerce.

Scott Harvey / KSMU

A $350,000 grant will help provide a Springfield organization with resources for the region’s startup community.

Scott Harvey / KSMU

It’s that time of the year again, when the heat is simmering, the lights are glowing, and the Ferris wheels are spinning. Late summer and early fall is the season for festivals in the Ozarks, but why exactly do county and local festivals take place in the dog days of summer?

According to Ozark Empire Fair official Vicky Hayward, it has to do with school breaks and the timing of the Missouri State Fair.

Scott Harvey / KSMU

Springfield-based Bass Pro Shops says it has reduced staff at its corporate headquarters and at a woodworking shop in Nixa.

The total layoffs are “fewer than 60,” according to vice president of human resources Paul Shore.

Shore told KSMU Friday that the cuts are intended to keep the company healthy and lean, adding that “whether it’s one person or 20 people… we do not take those decisions lightly.”

The affected employees were offered a severance package and continuation of benefits.