Economy & Innovation

Barge Shipping
12:17 pm
Mon November 12, 2012

Nixon: Keep Water On Rivers Flowing, Economy With It

A barge on the Mississippi River.
(via Flickr/The Confluence)

Updated 12:29 p.m.

Missouri Gov. Jay Nixon and the barge industry are imploring the federal government to keep water flowing on the Missouri and Mississippi rivers or face potential "economic disaster."

The drought has left many waterways at historic lows. Nixon sent a letter Friday urging the Army Corps of Engineers to rethink plans to reduce the amount of water released from the Missouri's upstream reservoir. That would also reduce flow on the Mississippi below St. Louis.

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Boeing
2:10 pm
Wed November 7, 2012

Boeing Shakes Up Shrinking Defense Business

The Boeing Phantom Ray unmanned airborne system (UAS), just one of the models of aircraft Boeing produces, during an unveiling ceremony in St. Louis on May 10, 2010. Reports state China will announce deals today including one to buy 200 Boeing airplanes.
(UPI/Boeing Aircraft Handout)

Updated at 5:20 p.m. with comments from Boeing.

Boeing’s defense arm will find another $1.6 billion in cuts by 2013.

The company announced the additional reductions today, though no details were provided. Defense , Space and Security, which is based in St. Louis, has already cut more than $2 billion since 2010, including a 30 percent reduction in management-level positions. 

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9:01 am
Fri November 2, 2012

Even After Solid Gains, 22 Million Americans Are Unemployed Or Underemployed

Lead in text: 
NPR's Planet Money team comes through again with a visual breakdown of the jobs numbers. Explore it all via the link.
As of September, 11.7 million people were unemployed. But that doesn't include people who were working part time because they can't find a full-time job. It also doesn't include people who wanted a job but haven't looked for work in the past four weeks.
Bottle District
4:09 pm
Fri October 26, 2012

Northside-Bottle District Combination Hits Snag

Legislation that would make the 17-acre Bottle District part of a larger effort to redevelop north St. Louis has hit a procedural snag at the Board of Aldermen.
Credit (via Flickr/pasa47)

A measure that would combine the Bottle District north of the Edward Jones Dome with Paul McKee's larger plan to redevelop north St. Louis ran aground on a procedural motion at City Hall today.

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Economy
12:53 pm
Thu October 18, 2012

Illinois Unemployment Dips To 8.8 Percent

(via Flickr/KellyB.)

Illinois' unemployment rate dipped to 8.8 percent in September.

That's down from a rate of 9.1 percent in August. And the Illinois Department of Employment Security says the seasonally adjusted figures reported Thursday show Illinois' unemployment rate has fallen 10 times in the past 13 months.

IDES says Illinois added 13,800 jobs in September, and Director Jay Rowell calls the news "encouraging because it reinforces the trend of continued job growth."

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Business
6:50 pm
Fri October 12, 2012

Arlington Grove Development Providing Much-Needed Housing In North City

William Ittner's Arlington School today (built in 1898)
Courtesy McCormack Baron Salazar

A historic St. Louis School building has a new lease on life as a new development in north city’s 22nd Ward.

The Arlington School, designed by pioneering St. Louis Architect William Ittner was built in 1898.  The school was closed in 1994 and fell into extreme disrepair.  I filed a story for NPR in 2009 about ten of Ittner's schools, including Arlington, which were facing uncertain futures.

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Former Daniele Hotel to Re-open as Hampton Inn
4:26 pm
Fri October 12, 2012

Former Daniele Hotel In Clayton To Get New Life

An artist's rendering of the new Hampton Inn & Suites to be built at site of the former Daniele Hotel in Clayton.
(Equis Hospitality Management)

The former Daniele Hotel in Clayton will reopen soon as a Hampton Inn and Suites.


The Daniele has been shuttered since 2007. But Equis Hospitality Management in St. Louis says it will spend about $16 million to renovate the hotel on North Meramec Ave. The new hotel will have 106 rooms, including 25 suites, and underground parking.


Equis co-owner Greg Mullenix says they will add a fifth floor to the hotel and they’ll feature a restaurant and bar at street level.

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Business
5:41 pm
Wed October 10, 2012

Missouri: Leading Or Following On Job Creation?

MO Governor Jay Nixon operates a riveter at LMI Aerospace in St. Charles
(UPI/Bill Greenblatt) UPI

Missouri Governor Jay Nixon was in St. Charles on Wednesday trying to burnish his credentials as chief steward of the state's economy.

It’s an election year, and so the question of who deserves credit or blame for the economy is up for debate.

Nixon toured LMI Aerospace Inc., a maker of airplane parts for the commercial, corporate and military jets.

LMI says it plans to add 100 jobs over the next five years.  A move Nixon says is part of a larger story about manufacturing growth in Missouri.

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Saint Louis Zoo
1:46 pm
Fri October 5, 2012

Saint Louis Zoo Purchase Of Old Hospital Site Finalized

This artist's rendering shows potential expansion plans for the St. Louis Zoo on the 13.5-acre Forest Park Hospital site just south of Highway 40.
(via Saint Louis Zoo)

Updated at 3:25 with comments from Zoo officials.

Plans to expand the Saint Louis Zoo are moving forward with the zoo's purchase of the 13.5-acre property of the former Forest Park Hospital.

The Saint Louis Zoo Association, a private non-profit, closed the purchase on Friday. Price and contract terms were not disclosed. Plans for the deal were announced in March

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St. Louis on the Air
3:41 pm
Wed September 26, 2012

Branding St. Louis

The St. Louis skyline taken from the Arch.
(via Flickr/NathanReed)

For any community to grow and prosper, it’s important to open the door to new business and business expansion, to retain the talent we have, and make it a place in which people are proud and happy to live and visit.  A key component to all of this is marketing and then delivering.  Join host Don Marsh as we talk about branding St. Louis.

Guests:

Brian Hall, Chief Marketing Officer, St. Louis Convention and Visitors Commission

Tara Pham, founding member of the Brain Drain Collective

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