business

(Sydney Miller/St. Louis Public Radio)

Two outlet malls are racing to build in what some say is one of the most valuable retail areas in America -- the Chesterfield Valley. If both are built, the companies would compete with each other, the Chesterfield Commons strip mall and the nearby Chesterfield Mall, risking financial failure.

Sydney Miller examines what it is about the Chesterfield region that makes it so attractive.

(via Flickr/breahn)

The St. Louis County Economic Council is opening the doors to its new biotech incubator on Monday afternoon and the agency says it will serve as a launching pad for biotech businesses.

Officials say The Helix Center Biotech Incubator is a 17,000 square foot facility loaded with lab and office space with a prime location next to the Danforth Plant Center.

Entrepreneurial efforts are nothing new to the council, which runs four other incubators in the region.

(via Flickr/Indofunksatish)

Police to step up weekend presence on Washington Ave.

St. Louis police will be out in force on Washington Ave. this weekend in an effort to address the concerns of businesses and residents of the popular entertainment district.

(via Flickr/The Confluence)

"When they aren't moving, they aren't creating any revenue."

It’s around 8:30 on a chilly morning and workers are starting their day at America’s Central Port on the East Saint Louis side of the Mississippi River.

Under a steady drizzle they blast clean barge hulls with massive power washers.

In a suit and tie the port’s Executive Director Dennis Wilmsmeyer is a sharp contrast to bearded workers wearing Carhart overalls.

He takes a wide stance on top of barge that rocks back and forth.

Ten grants are up for grabs for new businesses that set up shop in St. Louis. A local non-profit, Arch Grants, says it will award the $50,000 grants this May in an effort to bring innovative businesses to the city.

Arch Grants Co-founder Joe Schlafly said the for-profit start-ups that are selected will be required to stay for at least one year.

“St. Louis is not a dog-meat, down place," Schlafly said. "It is a place where things are happening. We’re open for business. We want to be on the short list, not just [on] no list.”

(via Flickr/jglazer75)

Updated 3:47 p.m.:

A package of tax breaks for Illinois businesses made it through a legislative committee despite major concerns by lawmakers.

The House Revenue Committee approved the measure 6-0 Monday. But two important legislators said they may oppose the bill when it comes up on the House floor.

The package would cost state government about $250 million a year. That's down from $850 million in an earlier proposal.

(via Flickr/David_Shane)

The Supreme Court of Missouri has rejected a constitutional challenge to a 2010 law that put strict limits on the way businesses like strip clubs and adult bookstores can operate in the state.

(UPI/Bill Greenblatt)

Missouri Gov. Jay Nixon says a business incentive bill passed by the House has widened the differences with the Senate in a special legislative session.

Nixon said Tuesday that he prefers the Senate version of the legislation but hopes lawmakers can still settle their differences and send him a bill.

Republican senators were to meet privately later Tuesday to discuss the legislation passed last week by the House.

(via Flickr/dbking)

A Missouri House committee has advanced legislation offering new incentives for some businesses and international exporters.

The vote Wednesday by the House Economic Development Committee could pave the way for the full chamber to debate the bill Thursday.

The plan creates incentives for computer data centers, amateur sports events and air cargo exports at the St. Louis airport. It also scales back some existing tax credits, but not as much as proposed under a version passed last month by the Senate.

(Rachel Lippmann/St. Louis Public Radio)

RCGA: Economic impact of first-round playoffs $5.2 million

The St. Louis Regional Chamber and Growth Association says the economic impact of the Cardinals in the first-round playoffs approaches $5.2 million per game, based on the typical game drawing a capacity crowd.

The association says that if the Cardinals played all possible games through the World Series, the impact would approach that of having the 2009 All-Star Game in St. Louis at more than $56 million.

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