Economy & Innovation

Economy
4:41 pm
Fri November 1, 2013

Federal Benefits Drop For 220,000 In St. Louis City And County On Food Stamps

Credit Flickr/Mike Trott

Funding for food stamps dropped off sharply Friday after stimulus dollars for the Supplemental Nutrition Assistance Program ran out.

The additional funds had been used to give more food stamps per month to families and make more people be eligible for the program.

According to Sandy Moore, the president of St. Louis-based Urban Strategies, more assistance is needed; not less.

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Business
12:21 pm
Wed October 30, 2013

Tax Help Approved For Laclede Gas Move

Citizens in opposition to the $8 million TIF held signs.
Maria Altman

The St. Louis Tax Increment Financing Commission voted in favor of an $8 million tax incentive Wednesday to redevelop a downtown building that Laclede Gas may occupy.

The Koman Group---which is seeking the TIF---plans to rehab the building at 706 Market St. for an estimated $46 million.

Laclede officials have indicated they would like to move from their current headquarters at 720 Olive St. to the building just a couple of blocks away.

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Economy
4:26 pm
Mon October 28, 2013

St. Louis Fast Food Workers Testify On The Public Cost Of Low Wages

Minister Martin Rafanan stands next to the oversized check for $7 billion that represented the amount that taxpayers have to pay to support public assistance programs that are used by many fast food workers at a protest on October 15th.
(Erin Williams/St. Louis Public Radio)

St. Louis leaders, advocates and fast-food workers met today at City Hall to discuss how low wages impact fast-food workers and taxpayers.

The hearing was organized by Jobs with Justice’s Workers’ Rights Board and featured testimony from workers about the realities of living with low wages. Several of them spoke about how, despite their work, they still rely on government programs to get by.

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Business
3:58 pm
Mon October 28, 2013

Laclede Gas Should Move Without Tax Help, Protesters Say

MORE protests outside Laclede Gas headquarters on Monday.
Maria Altman

An advocacy organization is protesting the request for Tax Increment Financing as Laclede Gas plans to move down the street. 

Missourians Organizing for Reform and Empowerment, or MORE, held signs outside of Laclede Gas’ headquarters Monday.

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9:03 am
Tue October 22, 2013

Square Founder Hopes To Turn St. Louis Into The Silicon Prairie

Lead in text: 
St. Louis Public Radio's Tim Lloyd reports for Marketplace on LaunchCode, the newest project from Square co-founder and St. Louis native Jim McKelvey.
The founder of Square is starting an apprenticeship program in St. Louis for budding programmers. They'll work at 100 local companies, including Monsanto and Enterprise Rent-A-Car.
Illinois' Amazon Tax
12:46 pm
Fri October 18, 2013

Illinois Supreme Court Invalidates 'Amazon Tax'

The Illinois Supreme Court ruled Friday that the state's law charging taxes on some Internet sales.
(via Flickr/steakpinball)

The Illinois Supreme Court is invalidating a two-year-old Illinois law charging taxes on certain Internet sales.

The justices ruled 6-1 in an opinion released Friday to invalidate the so-called "Amazon tax." The ruling determined that the law violates a pre-emptive federal decree prohibiting "discriminatory taxes on electronic commerce."

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Economy
4:01 pm
Tue October 15, 2013

Report On 'Public Cost Of Low-Wage Jobs' Sparks Response In St. Louis

Minister Martin Rafanan stands next to the oversized check for $7 billion dollars that represented the amount that taxpayers have to pay to support public assistance programs that are used by many fast food workers.
Erin Williams St. Louis Public Radio

Fast food workers and supporters held a press conference today in response to a recent report from the University of California-Berkeley.

The report stated that the low wages of fast-food workers cost the public $7 billion a year in public assistance.

Gathered in front of an area McDonald’s, employees took turns talking about their experiences struggling to raise families and covering medical costs on their salaries.

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Economy
6:38 am
Mon October 14, 2013

Financial Bloggers Gathering In St. Louis For #FinCon13

(via Flickr/Tracy O)

A financial blogger conference now known as #FinCon13 will be in St. Louis Thursday through Sunday.

It was founded in 2011 by blogger Philip Taylor, who also writes PT Money.

He spoke with St. Louis Public Radio’s Maria Altman about why he wanted to bring bloggers together.

Taylor said #FinCon13 will have good attendance from the St. Louis area including some local bloggers and online entrepreneurs:

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Business
12:47 pm
Thu October 10, 2013

UMWA, Peabody, Patriot Reach Agreement

Peabody Energy has agreed to pay $310 million into a health care fund for retired miners.
(Maria Altman/St. Louis Public Radio)

The nearly monthly rallies by retired miners in front of Peabody Energy’s headquarters in downtown St. Louis are now a thing of the past.

The United Mine Workers of America, Peabody Energy, and Patriot Coal announced a settlement late Tuesday night.

The UMWA had been pushing Peabody through its rallies and a lawsuit filed in Charleston to pay for retirees’ health benefits after its spin-off, Patriot Coal, filed for bankruptcy last year.

Patriot had largely shed its $1.6 billion liability in healthcare benefits for about 23,000 retired miners and their dependents.

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Economy
5:00 am
Fri October 4, 2013

Order Up! North Grand Restaurant Fresno's Diner Wants To Be 'Beacon Of Hope' In Community

Entrepreneur Pat Woods shows off kitchen equipment for her new restaurant, Fresno's Diner. Projected to open in December, the eatery will be open for breakfast and lunch in the College Hill neighborhood.
Erin Williams St. Louis Public Radio

Restaurant

Back in the mid-1980s, entrepreneur Pat Woods was quite the multitasker.

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