Economy & Innovation

News about the economy, business, and innovation happening in the St. Louis region.

Tax season is underway. So is a program that helps low- to moderate-income St. Louis families prepare their taxes for free.
401(K) 2012, via Flickr

A program that helps thousands of low- to moderate-income families prepare their taxes for free is underway across the St. Louis region.

The United Way of Greater St. Louis and four local tax coalitions are offering the service throughout tax season, including taking walk-in service at 20 sites Saturday.

A woodburning stove is the main source of heat at Marx Hardware & Paint Co. in the Old North neighborhood. The store was founded in 1875 but has been in its "new" location since 1881.
Maria Altman|St. Louis Public Radio

There's been a buzz in the St. Louis hardware store community that one of their own could be closing.

Hanneke Hardware & Industrial Supply Co., a longtime business in The Hill neighborhood, is considering closing its retail business. Opened in 1927 by Carl Hanneke Sr., the store has exchanged hands in recent years and was bought by Christine Kantis and Michael Grewe in 2011. Right now the owners are considering their options. An assistant told St. Louis Public Radio they'll know more next week.

St. Louis Economic Development Partnership CEO Denny Coleman
Jason Rosenbaum | St. Louis Public Radio

The head of the St. Louis Economic Development Partnership will step down from his post in August.   

Denny Coleman was the first chief executive officer of the partnership, which is the merged economic development agency for St. Louis and St. Louis County. In a press release posted on the agency’s website, Coleman said he is planning to retire from his post on Aug. 1.

St. Louis Rams owner Stan Kroenke is unhappy with the current state of the Edward Jones Dome. When the Rams moved to St. Louis in the 1990s, the contract stipulated that the stadium had to remain in the "top-tier" of other NFL facilities. The Dome is wide
Jason Rosenbaum, St. Louis Public Radio

The already murky future of professional football in St. Louis got a bit gloomier on Monday. 

Officials confirmed that the St. Louis Rams officially entered into a year-to-year lease with the St. Louis’ Convention and Visitors Commission. And the Los Angeles Times reported an Inglewood stadium plan had garnered 20,000 signatures – twice the amount needed to put the measure on the ballot. 

LockerDome

The startup scene in St. Louis is grabbing more national attention as the calendar year begins.

New numbers show Missouri's women who worked full-time earned about 78 percent of men's earnings in 2013.
(via Flickr/Tax Credits)

New numbers show women working full-time in Missouri made 78.1 percent of what men did in 2013.

According to data released Friday by the Bureau of Labor Statistics, the Show-Me State's women earned a median wage of $665 per week, compared to men's $852 in 2013. The state's women's-to-men's earnings ratio dropped slightly from 2012.

ebola, Scott Air Force Base
Maria Altman, St. Louis Public Radio / ebola, Scott Air Force Base

As the Ebola epidemic grabbed the world’s attention last year, the U.S. military began to discuss how it could safely transport military personnel if they were infected with the contagious disease.

The answer was unveiled at Scott Air Force Base on Friday.

The Transport Isolation System was designed by Production Products, Inc., a St. Louis-based, minority-owned company. The co-founder and president, Barry Corona, said they started on the project in late October after winning the $6 million contract with the Department of Defense for 25 units.

Jo Ann Harmon Arnold
Provided by the St. Louis Zoo

Jo Ann Harmon Arnold rose from temporary secretary to top executive at Emerson Electric Co. More than three decades after her arrival, she explained why she stayed.

“Interesting, challenging work to do with a lot of responsibility is a hard combination to walk away from,” she told the St. Louis Business Journal in 1999.

She began in Emerson’s human resources department. As she moved steadily through the ranks, Mrs. Arnold said each opportunity seemed “more exciting than the next.”

(courtesy Prosper Women Entrepreneurs)

Six women-led companies have won $50,000 dollar investments from the St. Louis-based organization Prosper Women Entrepreneurs.

This is the first group of the Prosper Startup Accelerator, which includes a 3-month intensive program. Founder Jennifer Ehlen said the entrepreneurs will spend two days each week at T-REX, a downtown St. Louis co-working space and incubator, meeting with mentors and business experts.

(UPI/Bill Greenblatt)

Since St. Louis Rams owner Stan Kroenke announced a deal to build a stadium in Inglewood, California, the future of football in the Gateway City has been murky at best. 

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