Private investment is important for St. Louis’ burgeoning start-up scene.
Most entrepreneurs will tell you money for seed investment is accessible. The difficulty comes in getting to the next level of investment. Firms such as BusyEvent find second-round funding, amounts between $100,000 and $1 million, is much harder to find.
Interstate 64 in St. Louis will be closed in both directions between Kingshighway and Forest Park Avenue starting at 8 p.m. tonight (Friday). That includes eastbound highway ramps from McCausland Avenue to Papin Street and westbound ramps from Grand Avenue to Pine Street.
Missouri Department of Transportation engineer Deanna Venker said road crews will be working through the weekend on building a new interchange at Tower Grove and Boyle avenues.
Plans are coming together for Oasis Residential@Emerson, a new supportive living community in St. Louis for veterans and other individuals with mental health issues, said business partners Sherman Strong and Kendall Brune.
Scott Air Force Base was not caught off guard by the smaller defense budget proposed earlier this week. On Tuesday, Secretary of Defense Chuck Hegel gave Congress his $496 billion dollar budget, which calls for cutting the military's size, reducing benefits for troops and scaling back spending on military equipment.
For the Air Force, the new budget means an 8 percent reduction in personnel across the board, a move Scott Air Force Base anticipated.
Missouri has signed a memorandum of understanding to boost trade with Quebec.
Speaking to reporters from Toronto on Wednesday, Gov. Jay Nixon said Missouri and Quebec signed an agreement to boost trade over the next four years by 15 percent. The agreement, according to a press release from Nixon’s office, was signed by Québec Minister of Industrial Policy Élaine Zakaïb and Missouri director of Economic Development Mike Downing.
The seeds for the St. Louis biotech boom began as early as 1998 when St. Louis leaders recognized a perfect confluence of key ingredients for growth in plant and life sciences: the geographic location in the nation’s cropland; an abundance of scientific research institutions, including Washington University, St. Louis University and the Columbia and St. Louis campuses of the University of Missouri; and many successful scientific companies such as Monsanto, Sigma-Aldrich, Novus and Covidien.
As I write this post, the temperature outside is barely tipping double digits; many of my colleagues are scratching their heads over the very inaccurate weather forecast that was supposed to blast us with six to 12 inches of snow; the rest are trying to figure out why their children’s school districts closed today.
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.