Economy & Innovation

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

Joni Cobb, CEO and president of the Pipeline Entrepreneurial Fellowship.
(courtesy Pipeline)

The Pipeline Entrepreneurial Fellowship is now open to all St. Louis entrepreneurs.

The program works like a support group for entrepreneurs in the Midwest. It began in Kansas in 2006 and then expanded to Nebraska and Kansas City.

Until now, only those affiliated with Washington University in St. Louis could apply to take part in the year-long fellowship.

Pipeline president and CEO Joni Cobb said they’re looking for leaders who are likely to grow a company.

Rosemary Straub Davison
Provided by the family

In July of 1991, Rosemary Davison took the keys and the deed to a home at 1067 Dunn Rd. in Florissant.

The two-story, red-brick farm house was built around 1860 by a German immigrant who had made his fortune during the California Gold Rush. Now, the house wasn’t fit to live in.

That didn’t matter to Ms. Davison. She wasn’t planning to live there. She was on a rescue mission.

With other members of Historic Florissant Inc., the nonprofit organization she helped found in 1969, Ms. Davison saved Gittemeier House from the wrecking ball.

Rendering of part of the revamped Grand Center
Christner + Hoerr Schaudt

The Grand Center neighborhood is growing. This comes as no surprise to Michelle Stevens, vice president of Grand Center Inc.  But, she says the area still has a long way to go before the “Growing Grand” plan is fulfilled.

(Maria Altman/St. Louis Public Radio)

Cambridge Innovation Center’s first site outside Massachusetts is officially open.

CIC@4240 is located in St. Louis’ innovation district, Cortex, and provides flexible working space for startups and emerging businesses.

The company has 32,000 square feet in the @4240 building on Duncan Avenue and is expected to eventually house up to 75 companies.

(Stephanie Zimmerman, St. Louis Public Radio.)

St. Louis is not exactly a farm town, but you don’t have to look hard to find ag-related commerce here. One big example is Elevator “D,” a grain terminal at 4040 Duncan Ave., neighboring the soon-to-be home of IKEA, the much anticipated Swedish furniture store.

So just what is this massive cement structure? The 88 bins housed within can hold 2.4 million bushels of grain. Built in 1953, it was bought in the mid-1980s by Ray-Carroll County Grain Growers Inc., a farmer’s co-op headquartered in Richmond, Mo.

sign for medical marijuana
Wikimedia Commons

The opportunity to get in on the ground floor of a new industry has a Metro East entrepreneur moving forward with plans for a medical marijuana operation, even though there is no guarantee of being granted a license by the state of Illinois.

Mitch Meyers is a partner with NCC LLC, which stands for Nature's Care Company. She says the company has already invested hundreds of thousands of dollars into a potential cultivation center and dispensary near Marissa in St. Clair County.

(courtesy Startup Voodoo)

It’s got a funny name, but a serious purpose.

Startup Voodoo, a one-day conference at Ballpark Village Thursday, is an attempt to help Midwestern entrepreneurs capture that indefinable something that’s helped so many startups become successful, said conference co-founder Aaron Perlut.

Merck KGaA and Sigma-Aldrich Corp.

A global pharmaceutical company is planning to maintain a significant presence in St. Louis once its $17 billion acquisition of a local life sciences company closes.

Germany-based Merck KGaA Chief Executive Officer Karl-Ludwig Kley says it is too early to fully discuss the synergies that will be created by the deal for Sigma-Aldrich Corp.

Merck says the St. Louis-based chemical compound provider will enhance efforts to provide services to drugmakers and research institutions.

St. Louis Economic Development Partnership website

The global manufacturing company Emerson is upping its investment in the Ferguson community to show "renewed commitment" to the place it has been headquartered for 70 years.

"We choose to be here and are committed to this community, especially now in its increased time of need," chairman and CEO David Farr said in a press release. "We...want to help remove barriers so that more of our neighbors can succeed."

Courtesy Centene

Earlier this month Centene Corp., a Fortune 500 company headquartered in Clayton, announced it would build a new medical claims facility in Ferguson. The company, which operates government-sponsored health care plans in 20 states, has said it will hire 150 to 200 employees at the facility.

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