On Friday, Arch Grants announced the finalists for its 2014 Arch Grants Business Plan Competition. The field has been whittled down to 46 entrepreneurs. Twenty of those finalists will win $50,000 each along with business support services to help them launch amazing businesses. In exchange for winning, they have to locate, or relocate, to St. Louis for at least a year.
We all know that St. Louis is unique in many ways — our passion for baseball; our obsession with bricks; our Arch.
It turns out, the region is even unique when it comes to gentrification. Two area academics wrote about their research on St. Louis gentrification in nextSTL.com. They say the preconception about gentrification is that upwardly mobile whites move into urban neighborhoods and push out the largely minority, low-income population that lived there originally.
Income inequality in the United States is a hot-button political issue in this mid-term election year. Advocates for substantial increases in the minimum wage, for instance, believe that imposing higher wages on employers will reduce poverty and lessen income inequality. The evidence just does not justify this claim. Workers who remain employed after the increase are made better off on the backs of those workers who face reduced hours or unemployment following government-mandated wage hikes.
According to World Trade Center St. Louis executive director Tim Nowak, the number one destination for St. Louis exports is China. With such a direct link to the St. Louis economy, the future of U.S.-China relations is particularly significant to the St. Louis region.
In his new book “Contest of the Century,” Financial Times journalist Geoff Dyer offers an in-depth look at the increasingly competitive nature of that relationship. He is in St. Louis for a presentation tonight at the St. Louis County Library.
Roni Chambers, who led the now-shuttered GO! Network, is practicing what she used to preach to white-collar professionals who turned to her nonprofit for help after they lost their jobs during the Great Recession.
The end of the year is always a time to take stock of what has transpired during the past year and what is likely to happen in the one about to begin. Let’s do so by considering several key economic measures.
Economic expansion limped along for another year. Gross Domestic Product (GDP), adjusted for inflation, is the best measure of the economy’s total output. It increased this year, but not nearly as fast as many would hope, especially three years out form the end of the Great Recession.