Economy & Innovation

Commentary
5:09 pm
Tue December 10, 2013

Commentary: Disability Employment Should Not Be A 'Special' Issue

Kathleen Martinez
Credit Courtesy Starkloff Disability Institute

In a speech sponsored by the Starkloff Disability Institute, the assistant secretary of labor and head of the Office of Disability Employment Policy spells out why hiring people with disabilities makes good sense. The remarks have been edited for length and clarity.

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Boeing
9:08 pm
Mon December 9, 2013

St. Louis County Could Offer Boeing Up To $1.8 Billion In Tax Incentives

St. Louis Mayor Francis Slay, St. Louis County Executive Charlie Dooley and Berkeley Mayor Ted Hoskins testify in favor of a local incentives for Boeing. The measure passed Monday without opposition.
Credit File photo

St. Louis County is prepared to offer up to $1.8 billion to Boeing if the company steers production of the 777X aircraft to the county. 

The St. Louis County Council unanimously approved a resolution pledging local incentives – including tax increment financing and tax abatement – if Boeing moves production of the civilian aircraft to the the county. St. Louis County Executive Charlie Dooley said the swift action was necessary to meet Tuesday’s deadline for the state to respond to the company’s request for proposal.

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St. Louis on the Air
4:48 pm
Wed December 4, 2013

St. Louis: Bitcoin Accepted Here

Vance Crowe of Articulate Ventures (left) and Michael Huber of Paradigm New Media complete a Bitcoin transaction.
Rachel Gibbens

St. Louis is building a reputation for being a home for innovative businesses. But this week, innovation of a different sort took place - an innovative business practice. 

Instead of swiping a credit card or depositing funds into a bank account, Paradigm New Media paid Articulate Ventures the equivalent of $3,000 in Bitcoin, a digital currency.

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IKEA
8:41 am
Wed December 4, 2013

IKEA Bringing A Store (And Its Meatballs) To St. Louis City

(via Flickr/WarmSleepy)

Updated 5:00 p.m. with additional details.

St. Louis' IKEA store will open in Fall 2015 and will be the Swedish retailer's 40th store in the United States.

Here's an artist's rendering of the store, which is slated for the corner of Forest Park and Vandeventer avenues in the Cortex development.

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St. Louis on the Air
5:42 pm
Wed November 27, 2013

What's Next For Lambert - St. Louis International Airport?

Lambert - St. Louis International Airport
file photo

The week of Thanksgiving is one of the busiest weeks of the year for Lambert - St. Louis International Airport, as travelers make their way home for the holidays.

But movement of another sort is also going on at Lambert - a dual push to both make the airport a stronger economic engine for the region and a more inviting entry-point for the city.

Airport As Economic Driver

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Business
2:23 pm
Tue November 26, 2013

$900,000 Grant Going To Minority Business Enterprises In St. Louis Region

Minority Business Development Agency national director David Hinson.
(Joseph Leahy/St. Louis Public Radio)

The Department of Commerce is giving nearly $1 million to promote minority business enterprises, or MBEs, in the St. Louis region.

The $900,000 grant announced Tuesday will establish a business center to provide minority entrepreneurs and business owners with contract and financing opportunities, bonding services and executive training.

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Business
6:49 pm
Fri November 22, 2013

Union Opposes Police HQ Contractor With Criminal Past

Members of the International Brotherhood of Electrical Workers Local 1 protest outside the future headquarters of the St. Louis Metropolitan Police Department.
John R Kahrhoff IBEW Local 1

A local union is protesting a sub-contractor working on St. Louis’ new police headquarters.  Local 1 of the International Brotherhood of Electrical Workers opposes Thomas Ruzicka who has been convicted of embezzling more than $100,000 from former employees.

The union's business manager Frank Jacobs says Ruzicka is a license holder for R E Contracting that is handling about $1.2 million worth of electrical work for the downtown building. 

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Missouri Businesses
6:11 pm
Fri November 22, 2013

Missouri Businesses Will Pay Higher Unemployment Taxes In 2014

(via Flickr / _J_D_R_)

Missouri businesses will have to shell out more money for unemployment taxes next year in order to pay down debt the state owes to the federal government.

Missouri began borrowing federal dollars in 2008 to pay for jobless benefits after an economic downturn drained the state's unemployment benefits trust fund.  Brendan Cossette with the Missouri Chamber of Commerce and Industry says that led to the feds levying a surcharge on Missouri businesses to repay the borrowed money.

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St. Louis on the Air
4:54 pm
Thu November 7, 2013

Update: Effort To Make St. Louis Fastest Growing Metro For Immigration By 2020 Progressing

NathanReed Flickr

Earlier this year, St. Louis leaders launched the St. Louis Mosaic Project, an initiative to make the region the fastest growing metro area for immigrants by 2020.

According to Betsy Cohen, who is managing the project, the St. Louis community is making great strides.

The goal of the St. Louis Mosaic Ambassador Program is to make the area more welcoming to non-native people.

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Business
9:42 am
Thu November 7, 2013

Twitter’s Value In 140 Seconds With Its Co-Founder (And St. Louis Native) Jack Dorsey

Twitter co-founder and St. Louis native Jack Dorsey.
(Courtesy of Square)

With Twitter making its New York Stock Exchange debut today we're highlighting its co-founder's perspective on the company's value in true Twitter fashion.

Here, in 140 seconds, St. Louis native Jack Dorsey shares his thoughts about what makes his company worth $26 per share - and worth using for its millions of tweeters. 

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