Economy & Innovation

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

Maria Altman/St. Louis Public Radio

Supporters of a "green energy" law passed by Missouri voters in 2008 are in court seeking to reinstate one of the statute's key provisions – rebates to individuals and companies that use solar panels to power their homes and businesses.

Proposition C requires for-profit utility companies to generate 15 percent of their power from renewable sources by the year 2021, but it also bars utilities from raising their rates by more than 1 percent to comply with the voter-approved law. Rebates on solar panel use is one of the methods for increasing renewable energy in Missouri.

big data
Via Monsanto

Monsanto’s subsidiary Climate Corporation, the American Farm Bureau Federation, and several other agribusiness companies and farm groups have reached an agreement on big data.

The group had been meeting for months as more and more farmers begin to use data services to help them get the most of their fields. Climate Corporation, for example, uses figures about previous crop yields, soil information and weather data to help farmers make decisions about when to plant, fertilize and harvest.

Maria Altman | St. Louis Public Radio

Where are the women in St. Louis’ startup scene?

It’s a question many began asking following a 2011 American Express OPEN report that ranked St. Louis last among 25 top metropolitan areas for women entrepreneurs. That same year the Kauffman Foundation released a study on overcoming the gender gap within entrepreneurship.

(courtesy Startup Connection)

The St. Louis entrepreneurial community will be on display at this year's Startup Connection at Saint Louis University on Wednesday.

The business competition and resource fair will highlight 70 startups through its venture showcase, including a session where the entrepreneurs will give elevator pitches to compete for funding.

Nineteen of the startups are vying for three Startup Challenge Awards worth a total of  $100,000. The other 51 ventures will be competing for smaller awards.

via Wikimedia Commons

 

(Updated at 6:40 p.m., Fri., Nov. 14)

St. Louis was not selected on Friday as a host city for any future NCAA Division I Men's Basketball Final Four competition between 2017 and 2021.

Instead, the NCAA announced that competitors Phoenix, San Antonio, Minneapolis, Atlanta and Indianapolis will host, in that order.

Chris Roseman of the St. Louis Sports Commission was part of the team that represented St. Louis in the selection process. He said the group put together a “very sound bid,” but said "it wasn’t meant to be."

(Flickr/Tanya Monro)

As of the last U.S. Census, only 28 percent of the workforce in science and engineering was female.

The Women in Science & Entrepreneurship Conference is addressing that disparity. It aims to help women in the sciences find the right career path and go further. WISE, as the conference is being called, will take place Friday in St. Louis. The event is sold out.

Here Comes Tim Hortons

Nov 12, 2014
Show Me Hospitality LLC

The Maplewood City Council has given final approval for the St. Louis area’s first Tim Hortons.

Plans call for the coffee, donut and bakery-style eatery to be built on an empty lot next to a CVS near the intersection of Big Bend Boulevard and Manchester Road.

Local development company Show Me Hospitality LLC wants to bring 40 Tim Hortons to the region by 2019, starting with the Maplewood location.

Kurt Nordstrom via Flickr

It’s hardly June, but wedding vendors in Missouri are hearing from lots of couples.

Last week both a circuit court judge in St. Louis and federal judge in Kansas City found Missouri’s ban on same sex marriage unconstitutional. As a result the city of St. Louis, St. Louis County and Jackson County began issuing marriage licenses to same-sex couples.

Pat Rutherford-Pettine, owner of the The Sugaree Baking Co., said she’s done wedding cakes and pies for civil unions for many years. She’s baking her first official wedding cake for a same sex couple in Missouri this week.

Jason Rosenbaum, St. Louis Public Radio

The group in charge of overhauling Kiener Plaza is giving the public a taste of what's to come.

CityArchRiver had an open house on Monday in downtown St. Louis to give the public a view of Kiener Plaza's redesign plans. It’s part of a broader project to revamp the Gateway Arch grounds over the next few years.

The group is planning to add an extensive playground and an interactive fountain. The project will also include a large event lawn for concerts and movies, as well as a place for people to park their bicycles.

The former Chrysler plant in Fenton is on its way to becoming a light-industrial and office park.

KP Development, formerly known as Koman Properties, closed on the deal Wednesday for the Fenton Logistics Park. The plan calls for more than a half billion dollars of investment into the property and is projected to provide up to 3,000 jobs.

Scott Haley, KP Development’s senior vice president, said two companies are close to finalizing plans within the next few months to locate in the park. He said they include a regional and national players.

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