Economy & Innovation

St. Louis on the Air
4:32 pm
Thu April 25, 2013

Honoring The Legacy Of Martin Luther King, Jr. One Street At A Time

Proposed Dr. Martin Luther King, Jr. Legacy Park illustration at sunset, to be placed at the corner of Hamilton Avenue and Martin Luther King Boulevard
Lauer Architecture

A few years ago a St. Louis non-profit organization, Beloved Streets of America, conducted a study about streets throughout the country which bear the name of Dr. Martin Luther King, Jr.

The study found the majority of MLK streets are unsafe and crime-ridden.  Many are “located in distressed neighborhoods, considered areas where predominately poor blacks live, and viewed as places where whites and non-blacks seldom travel,” according to the organization.

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Business
3:53 pm
Thu April 25, 2013

St. Louis City, County Offering New Services For Startups

St. Louis County Executive and STL VentureWorks Travis Sheridan and Elizabeth Noonan unveil the business incubator's new sign
Credit Adam Allington / St. Louis Public Radio

St. Louis City and County have announced a new division to aid business startups and entrepreneurs.

Called “STL VentureWorks," the project is an extension of the recently-formed St. Louis Economic Development Partnership.

St. Louis County Executive Charlie Dooley says STL VentureWorks’ five locations will help connect startups to capital funding sources, as well as provide mentoring and training opportunities.

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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.

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