Economy & Innovation

Business
5:28 pm
Tue April 23, 2013

Roosevelt High Students Recognized By State Treasurer For Financial Literacy Course Completion

A Roosevelt High student shakes hands with state treasurer Clint Zweifel. The students were recognized today for their completion of the Regiona Bank Financial Scholars Program.
Erin Williams

Students at Roosevelt High School were recognized for their participation in the Regional Bank Financial Scholars program. The students completed a web course that taught the basics of money management, and received certificates in an assembly that included remarks made by State Treasurer Clint Zweifel.

Zweifel, who hails from North County, feels that the program helps to not only lay a financial foundation for the present, but also teaches the benefits of making good choices for the future:

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Business
11:13 am
Tue April 23, 2013

Monsanto Announces $400M Expansion In Chesterfield

Outside Monsanto headquarters in St. Louis.
(St. Louis Public Radio)

Agribusiness giant Monsanto has announced a $400 million expansion at its suburban Chesterfield research center.

The company plans to add 36 new greenhouses, plus additional "plant growth chambers," offices and laboratory space at the Chesterfield Village Research Center, on the former Pfizer campus.  According to Monsanto the project will add as many as 675 jobs over the next three years

Missouri Governor Jay Nixon was on hand to announce the expansion at Chicago’s International Bio Convention.

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Business
2:55 pm
Fri April 19, 2013

Dept. Of Justice Signs Off On Anheuser-Busch InBev Purchase Of Grupo Modelo

Anheuser-Busch InBev will now be able to market Corona abroad
Credit Anheuser-Busch InBev

The Department of Justice announced on Friday that it has reached an official settlement with Anheuser-Busch InBev and Grupo Modelo.  The deal will allow AB InBev to proceed with its $20 billion purchase of the Mexican brewer.

AB InBev, has been trying to complete a buyout of Modelo, maker of the popular Corona brand, since last June.

The Department of Justice sued to block the purchase out of concerns the deal would put too much price control in the hands of two companies, AB InBev and MillerCoors. 

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Barge Shipping
4:04 pm
Wed April 17, 2013

Barge Shippers Ask Congress For A Tax Hike To Pay For Infrastructure Upgrades

(via Flickr/The Confluence)

Members of the barge shipping industry are on Capitol Hill today, asking Congress to raise the taxes they pay for fuel.  

Shippers support a plan that would increase the fuel tax they pay from 20 cents per-gallon to 29 cents per-gallon of diesel fuel. The extra money would be used to fund improvements to locks and dams, some of which are more than 70 years old.

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Peabody and Patriot Coal Protests
2:03 pm
Tue April 16, 2013

Union Miners Protest Peabody In St. Louis Again, This Time, With Crosses

1000 Crosses were planted by protesters on a hill in Kiener Plaza. The crosses signified the deaths of former miners, as well as the potential loss of healthcare for retired miners.
Sean Sandefur/ St. Louis Public Radio

Hundreds of retired and current union miners from across the country descended on St. Louis on Tuesday to protest Peabody Energy and the potential loss of their pension plans.

Most of the miners worked for either Peabody Energy or Arch Coal, but their benefits are threatened by the bankruptcy of Patriot Coal last year. Patriot was spun off from Peabody in 2007, along with the healthcare obligations of many Peabody and Arch Coal employees.

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Business
11:16 am
Tue April 16, 2013

Urban Chestnut To Build St. Louis' Largest Craft Brewery

UCBC Co-Founder, Florian Kuplent
Credit Urban Chestnut Brewing Company

Urban Chestnut Brewing Company (UCBC) has announced plans to significantly expand its brewing operations in the City of St. Louis.

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MetroLink Development
3:32 pm
Mon April 15, 2013

East-West Gateway Seeks Public Feedback On Economic Development At MetroLink Stations

binkle_28 Flickr

This evening the East-West Gateway Council of Governments will host the beginning of a series of community meetings to gather feedback on plans to spur development near MetroLink Stops.

Britt Palmberg is with the consulting group that put a study on the issue, which focused on five stations.

He says the hope is to develop a framework that local stakeholders can use to kick start economic development.

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3:05 pm
Thu April 11, 2013

St. Louis Named Among Top 5 'Fastest-Growing Cities For Tech Jobs'

Lead in text: 
CNN Money has released a list of the top 5 cities it considers to be the main up-and-comers on the IT jobs scene. New York City still "leads the pack" in tech jobs, followed by the Washington, D.C.-Baltimore area - but the top 5 "growing" cities are St. Louis, Charlotte, Austin, Phoenix and Detroit. CNN Money says the tech job market in St. Louis has jumped 25 percent in the last year with a median salary of about $81,000.
"St. Louis is becoming a startup town," says Silver.
Business
5:44 pm
Tue April 9, 2013

Mo. Supreme Court Gives Paul McKee Green Light On Northside Project

Paul McKee.
(St. Louis Public Radio)

After over 3 years of litigation, developer Paul McKee’s controversial Northside Regeneration Project is being allowed to proceed.  On Tuesday the Missouri Supreme Court reversed a lower court decision blocking McKee’s use of so-called "Tax Increment Financing," (TIF) for the development.

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Economy
1:42 pm
Tue April 9, 2013

St. Louis Area's Gender-Based Wage Gap Ranked 5th Worst

(via Flickr/Tax Credits)

Only four other metropolitan areas in the United States have bigger gender-based wage gaps than St. Louis. 

That's according to rankings out from the National Partnership for Women & Families.

Here's how wages between men and women in the "top 5" metropolitan areas in the rankings shake out:

1. Seattle: $0.27 wage gap

2. Pittsburgh: $0.27 wage gap 

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