Danny Ludeman

Concordance Academy president Danny Ludeman announces that (from left) St. Louis County executive Steve Stenger, St. Louis mayor Francis Slay, and St. Charles County executive Steve Ehlmann have committed $2 million to his program over the next three year
Rachel Lippmann | St. Louis Public Radio

A public-private partnership that tries to help prisoners readjust to society is getting a funding boost from regional government.

St. Louis Mayor Francis Slay, St. Louis County Executive Steve Stenger, and St. Charles County Executive Steve Ehlmann on Tuesday announced they are committing a total of $2 million to Concordance Academy. The program, which is the brain child of former Wells-Fargo chief executive Danny Ludeman, provides a variety of services to prisoners both before and after they are released in an effort to keep them from re-offending.

Joseph Leahy/St. Louis Public Radio

Financial services firm Wells Fargo Advisors is investing $33 million to expand its operations in the St. Louis area. Missouri Governor Jay Nixon and St. Louis Mayor Francis Slay joined the company’s president and CEO Danny Ludeman Friday for the announcement at the company’s downtown headquarters.

Ludeman says the plan will create 400 local jobs.