Daily business briefing: Lory Theater raises more than $96K for renovation

News-DemocratMay 9, 2013 

The Lory Theater in Highland has successfully raised additional money needed to renovate and eventually reopen the second-floor with a new digital screen.

Justin and Hillary McLaughlin bought the movie theater last year after it closed in July 2011. They reopened the first-floor screen the day after Christmas, but found out that the expense to renovate the entire century-old building was more than they had anticipated. The couple took its cause to an online crowdsourcing website called Kickstarter to raise $57,000. They did better than that. They raised more than $96,800. ...

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Fast-food workers from more than 30 restaurant chains in St. Louis are planning to walk off the job over demands for higher wages and the right to form a union, according to an Associated Press report. The workers are calling for a wage increase to $15 an hour. In Missouri, the minimum wage is $7.35 an hour. In Illinois, where Gov. Pat Quinn has recently proposed boosting the state's minimum wage to $10 an hour, the current hourly wage is $8.25. ...

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The Allsup High School Entrepreneur Academy is returning to Southwestern Illinois College in Belleville. High school students and entering-college freshmen are invited to participate in the program, which will be held 9 a.m. to 3 p.m. from July 29 through Aug. 2. This will be the seventh year for the week-long summer academy, which offers students an opportunity to learn business essentials and what it takes to launch a successful company.

Students will create and present basic business plans and compete for prize money at the end of the week. The week includes a luncheon with Allsup Inc. founder and Chief Executive Officer Jim Allsup. Allsup founded his company in Belleville in 1984 to help clients maximize their access to Social Security Disability insurance and Medicare. For more information, call 222-5472 or 222-5241. ...

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A new Illinois magazine highlights the metro-east as a multimodal hotspot. The magazine, Illinois-A State of Innovation, is sponsored by the Illinois Department of Commerce and Economic Opportunity and features an eight-page guide that mentions the Southwestern Illinois region's "talented and plentiful workforce, diverse business climate and solid transportation system centered around America's Central Port on the Mississippi River and access to three airports capable of servicing both military and commercial aircraft."

-- Will Buss, BND business writer

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