Economy & Innovation

News about the economy, business, and innovation happening in the St. Louis region.

Missouri needs more internet service producers to connect underground fiber networks to customers to increase high-speed internet access, a new FCC report says.
Dan Chace | Flickr

Nearly a third of Missourians - or about 1.8 million people - lack access to high-speed internet, according to a report last month from the Federal Communications Commission. That means Missouri ranks 15th among all states for the highest percentage of residents not served by fiber networks that can deliver such high speeds.

NGA, National Geospatial-Intelligence Agency, north city site
Courtesy of the NGA

The city of St. Louis expects to start making offers in early May on the properties within the proposed site for the National Geospatial-Intelligence Agency.

That includes land owned by developer Paul McKee, who owns more than half of the parcels in the 100-acre area.

Until now, it had been unclear whether the city or McKee would sell the land to the federal government should the intelligence agency choose the north city site. McKee owns more than 350 parcels within the site just north of Pruitt-Igoe.

a rolling dollar bill
dleafy | sxc.hu

Things are on the upswing for the St. Louis regional economy.

The Federal Reserve Bank of St. Louis’ Burgundy Book, the quarterly summary of economic conditions, shows positive trends in the last quarter of 2014. That includes a declining unemployment rate, stronger home sales, and a spike in manufacturing exports.

Kevin Kliesen, a business economist and research officer at the Fed, said St. Louis’ economy is beginning to improve at a faster pace.

This property on N. Grand Blvd has been in the city's land bank since 2001. It's one of more than 3,000 abandoned buildings the city is trying to find a use for or sell.
City of St. Louis | LRA website

St. Louis’ strategy for combating blight and reducing the amount of abandoned property in the city is getting revamped. A team from the city spent much of last week discussing the issue during a Center for Community Progress event held at Harvard University.

(Flickr, David Goehring)

A solar power project slated for East St. Louis is waiting on the Illinois General Assembly to pass specific legislation so it can get funding to move forward.

The QuikTrip on West Florissant Ave. was looted and burned on Aug. 10, the day after Michael Brown's death.
Jason Rosenbaum|St. Louis Public Radio

The Urban League of Metropolitan St. Louis will build a new center on the site of a burned-out QuikTrip in Ferguson.

In many ways, Missouri youth match the national averages in terms of lost opportunities to get ahead, a new study shows.
Judy Baxter, via Flickr

A new study shows low-income children in Missouri will have a harder time getting ahead compared with their wealthier peers than those in past decades.

Loop Trolley breaks ground after years of planning

Mar 12, 2015
The groundbreaking for the Loop Trolley took place Thursday.
Maria Altman | St. Louis Public Radio

With bands, balloons, and the clang of a bell, the Loop Trolley project officially broke ground on Thursday.

Found to be in critical shape, MoDOT closed the I-44 Outer Road bridge over the Gasconade River in Laclede County back in December due to deterioration.
Courtesy Missouri Department of Transportation

Thirty-eight bridges in the greater St. Louis area are just "a step or two from being closed" due to deterioration, according to the Missouri Department of Transportation.

They are among the nearly 600 bridges statewide that officials say are currently rated in poor to serious condition, but aren't funded in the state's five-year plan for improvements. 

An artist's rendering of The Standard, a 465-bedroom private student housing development going up on Forest Park Avenue.
(courtesy of Sangita Capital Partners)

Just kitty-corner from the new IKEA building in Midtown St. Louis, a new private student housing development is taking shape.

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