Economy & Innovation

Economy & Innovation
5:00 am
Mon December 23, 2013

St. Louis Looks To Immigrants To Bolster Region

(courtesy St. Louis Mosaic Project)

St. Louis city and county lost population in the 2010 census which created big concerns about the region’s future.

In reaction, the area's civic leaders quickly turned their attention to immigrants.

Foreign born residents make up less than 5 percent of the metropolitan area, far below most other major U.S. cities.

The St. Louis Mosaic Project came together this last year to address the issue.

St. Louis Public Radio and The Beacon’s Maria Altman spoke with Betsy Cohen, the Mosaic's project director.

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Economy & Innovation
5:36 pm
Wed December 18, 2013

Mapped: How Do St. Louis' Earnings Stack Up?

The picture of median household incomes in the St. Louis region at a glance. Explore the interactive graphic for yourself below.
(via WNYC)

Let's admit it - we all wonder what our neighbors are earning. Or, if our assumptions about what we earn are true.

In a geographical "keeping up with the Joneses" our friends at WNYC have put together this handy map of median household incomes across the United States.

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Business
2:02 pm
Wed December 18, 2013

Boeing Executives Move Up

Dennis Muilenburg has been named Boeing vice chairman, president and chief operating officer.
(courtesy of Boeing)

Boeing announced the promotion of several executives Wednesday, including within Defense, Space and Security in St. Louis.

Dennis Muilenburg, who now heads up the $33 billion Defense division, has been named vice chairman, president and chief operating officer.

In a statement Boeing officials said Muilenburg will move to corporate headquarters in Chicago, where he’ll share oversight of the day-to-day business operations with President and CEO Jim McNerney.

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CityArchRiver 2015
8:58 pm
Tue December 17, 2013

Opinions Vary On Impact Of Arch Riverfront Construction

Traffic restrictions along Leonor K. Sullivan Boulevard. are in place during the Central Riverfront project.
Joseph Leahy/St. Louis Public Radio and The Beacon

Ed Lammering wore his top hat to a groundbreaking last month beside the Gateway Arch, but left his horse, Lukes, at the St. Louis Carriage Company’s stable on the other side of Busch Stadium.  He held a sign which read, “Where do we stand? – carriage drivers.”

The carriage company is among several businesses that have concerns about the impact of the $360 million CityArchRiver 2015 project. Work will include expanding the Arch grounds over Interstate 70, carving out a new central entrance for the underground museum and numerous other major improvements.

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Business
4:39 pm
Tue December 17, 2013

Patriot Coal To Emerge From Bankruptcy

Flickr/Paul Sableman

St. Louis-based Patriot Coal announced Tuesday that a federal bankruptcy judge has approved the company’s reorganization plan, clearing the way to come out of bankruptcy.

Patriot officials said the company will close on its exit financing and emerge from Chapter 11 Wednesday.

The company filed for bankruptcy in July, 2012. At the time, Patriot cited a low demand for coal and big costs for retiree benefits.

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Laclede Gas TIF
4:25 pm
Fri December 13, 2013

Laclede Gas Incentives Get Final Approval

Thanks to a $7 million package of tax incentives, the General American Building will be the new headquarters of Laclede Gas.
(via Wikiemdia Commons/Nyttend)

The St. Louis Board of Aldermen has approved a $7 million package of tax incentives for renovations to the new downtown headquarters of Laclede Gas.

The measure easily cleared the board today by a vote of 23-2. The incentives will help the developer replace windows and heating and cooling systems, and make other upgrades to the General American Building at 706 Market.

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Boeing
5:32 pm
Thu December 12, 2013

Boeing To Add Hundreds Of Research Jobs In St. Louis County

Credit (via Boeing)

Boeing has been on the minds of the Show-Me State's political figures lately, thanks to the effort to lure the manufacturing of the 777X airplane to Missouri.  Now, the company is planning to bring several hundred research and development jobs to the St. Louis region. 

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Boeing
5:02 pm
Thu December 12, 2013

Boeing Adding Hundreds of Research Jobs to St. Louis County

Credit (via Boeing)

With the effort to lure Boeing’s 777X on the minds of the Show Me State’s political figures, the company is planning to bring several hundred research and development jobs to the St. Louis region. 

    

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Safety Net
6:47 am
Thu December 12, 2013

Commentary: The ‘Frugal Comfort’ Of Minimum Wage

Workers demonstrate in support of a higher minimum wage earlier this month.
Credit Bill Greenblatt | UPI

A push is going on to enact a $15-an-hour minimum wage. While some increase may be justified, that would make it more than a safety net.

 The Churchillian observation raises an interesting question: why should the queen concern herself with the minimum wage? After all, she’s always been rather well compensated for her labors, whatever those may be. 

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Metro East Levees
5:20 pm
Wed December 11, 2013

Corps Pushes To Finish Levee Fixes

A levee along the Chain of Rocks canal in America's Central Port in Granite City, Ill.
(Véronique LaCapra/St. Louis Public Radio)

Upgrading the Metro East’s aging levees is finally on Washington’s radar, according to officials with the U.S. Army Corps of Engineers.

Yet they warn that the push for more federal funding must continue if the Corps hopes to bring the levees back to 500 year flood protection standards by 2021. That's the Corps’ latest projection for completing the work.

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