Economy & Innovation

Chesterfield Valley
2:45 pm
Wed August 22, 2012

Chesterfield of Dreams? Exploring a city's capacity for retail

A look at some of the retail in the Chesterfield Valley outside of St. Louis.
(Sydney Miller/St. Louis Public Radio)

Two outlet malls are racing to build in what some say is one of the most valuable retail areas in America -- the Chesterfield Valley. If both are built, the companies would compete with each other, the Chesterfield Commons strip mall and the nearby Chesterfield Mall, risking financial failure.

Sydney Miller examines what it is about the Chesterfield region that makes it so attractive.

Read more
2:13 pm
Wed August 22, 2012

Pew: Middle class poorer, earning less and shrinking

Lead in text: 
The middle class. An enigma of socioeconomic standing often used as a barometer of the United States as a whole. Perhaps you identify with the term 'middle class,' or perhaps you don't, but the newest data from Pew Social & Demographic Trends is something to see. Check it out, with reporting from NPR's The Two-Way, via the link.
The researchers at Pew Social & Demographic Trends aren't holding back in their new report on the middle class. It calls the last 11 years, "the lost decade" for the country's middle class. The highlight from the report issued today is that the middle class is poorer, earning less and shrinking.
China/Business
1:22 pm
Wed August 22, 2012

Bond to lead St. Louis business delegation to China

Former Republican U.S. Senator for Missouri Kit Bond at the podium during the launch of his newest venture, Kit Bond Strategies, on Nov. 8, 2011. Bond will lead a delegation of St. Louis business leaders to China later in 2012.
(Rachel Lippmann/St. Louis Public Radio)

Former Republican Missouri Senator Kit Bond will lead a delegation of St. Louis-area business leaders to China later this year.

Bond's consulting firm that works on international trade will accompany regional and statewide businesses and academic institutions to China in December.

Read more
Ballpark Village
5:36 pm
Tue August 21, 2012

St. Louis officials seeking $17M from state to get Ballpark Village back on track

The Mo. Development Finance Board meets in Jefferson City on 8/21/2012.
Marshall Griffin/St. Louis Public Radio

Supporters of the long-delayed Ballpark Village project in downtown St. Louis made a renewed pitch today for state backing to the Missouri Development Finance Board.


The $100 million project would be built on the north side of Busch Stadium and would contain space for retail stores, restaurants, an open-air event space with a retractable roof, and a St. Louis Cardinals Hall of Fame and Museum.  Team President Bill DeWitt III says the project got sidetracked by the economic crisis that hit the country four years ago.

Read more
St. Louis Rams
11:48 am
Mon August 20, 2012

CVC sends 'amended' plan for Edward Jones Dome to Rams

A view of the Edward Jones Dome looking south in the new plan sent from the St. Louis Convention & Visitors Commission to the St. Louis Rams on Aug. 17. You can view the whole proposal in our story below.
(via St. Louis Convention & Visitors Commission)

Updated at 2:40 p.m. with more details of the plan, expanded comments from CVC president Kitty Ratcliffe.

Will be updated.

The St. Louis Convention & Visitors Commission says it sent a new version of a plan to revamp the Edward Jones Dome to the St. Louis Rams.

The plan, which the CVC sent to the Rams on Friday,  is the latest salvo in the efforts by the CVC and the Rams to made the Edward Jones Dome a "top-tier" facility - generally thought to mean among the eight best stadiums in the National Football League. Without those upgrades, the Rams can break their lease on the Dome after 2015.

You can view the full proposal for yourself here:

Read more
12:10 pm
Fri August 17, 2012

Graphics: the child workforce in 1920 America

Lead in text: 
Another fascinating graphic and exploration from the Planet Money team. Check it out via the link.
  • Source: Npr
  • | Via: Planet Money
So I was looking through an old Census report and I found a chapter entitled "Children in Gainful Occupations." Turns out, about 1 million children age 10 to 15 were working in America in 1920 (out of a total population of 12 million kids in that age range).
Illinois Unemployment
1:48 pm
Thu August 16, 2012

Illinois unemployment edges up again in July

(via Flickr/KellyB.)

Illinois' unemployment rate increased again in July with the loss of thousands of government and hospitality jobs.

The Illinois Department of Employment Security said Thursday that the July unemployment rate hit 8.9 percent. That's up from 8.7 percent in June and was the second straight increase after nine months of steady decreases.

Department Director Jay Rowell says the increase was expected since national unemployment continues to rise. Rowell adds that declines in government employment are likely to continue.

Read more
The Two-Way
12:02 pm
Fri August 10, 2012

Consumer Bureau Moves To Make Mortgages Clearer, Foreclosures Fewer

A "bank owned" sign in front of a home in Miami last October.
Joe Raedle Getty Images

Originally published on Fri August 10, 2012 9:45 am

Saying it wants "to protect homeowners from surprises and costly mistakes by their mortgage servicers," the Consumer Financial Protection Bureau today proposed new rules it believes would make the home loan process simpler and give struggling homeowners more of a chance to avoid foreclosures.

Read more
Enterprise zones
3:44 pm
Tue August 7, 2012

Quinn signs extension of tax breaks for Illinois businesses

Ill. Gov. Pat Quinn has signed legislation extending a widely used economic development tool.
(via Flickr/ChrisEaves.com)

Illinois Gov. Pat Quinn has signed legislation that extends the life span of a popular economic development tool in the state.

Read more
Ameren
2:37 pm
Wed August 1, 2012

Ameren gets approval for 'most aggressive' energy efficiency plan ever in Mo.

(via Flickr/spacepleb)

Missouri utility regulators have given approval for what Ameren Missouri calls the most aggressive energy efficiency plan ever in the state.

Under the plan approved Wednesday by the Missouri Public Service Commission, Ameren will invest $147 million over three years in several programs that seek to reduce electricity use by 800 million megawatt-hours.

The plan was part of a negotiated settlement among Ameren, PSC staff, consumer advocates and environmental groups.

Pages