Economy & Innovation

Arch Coal
11:53 am
Thu December 15, 2011

Arch Coal secures $300M Wyo. coal lease

(via Arch Coal)

A subsidiary of St. Louis-based Arch Coal has submitted a successful bid of just over $300 million for the right to mine more than 200 million tons of coal in northeast Wyoming.

The U.S. Bureau of Land Management announced the sale Wednesday, saying the bid by Ark Land Company met or exceeded fair market value for the coal.

The 222 million tons of coal sits beneath more than three square miles of land next to the lease boundary of the Black Thunder Mine in the Powder River Basin.

from St. Louis on the Air
4:41 pm
Wed December 14, 2011

RCGA hire hopes for a mentality of abundance in St. Louis

The Gateway Arch in St. Louis.
(photo by Tim Tolle via Flickr Creative Commons)

As Dick Fleming prepares to leave the St. Louis Regional Chamber & Growth Association, and his successor Joe Reagan gets ready to move to town from Louisville, they both took time to join us today on St. Louis on the Air.  You can hear their entire conversation in the archives.  In the meantime, here are some highlights from our conversation with Reagan:

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RCGA / Economic development
1:11 pm
Mon December 12, 2011

RCGA names Louisville's Reagan as new president and CEO

Joe Reagan, president of Greater Louisville, Inc. will be the RCGA's new president and CEO effective Feb. 1, 2012.
(Courtesty RCGA)

St. Louis on the Air will be talking about these recent developments at the RCGA on Wednesday. Join us!

The newest head of St. Louis' Regional Chamber and Growth Association comes to the St. Louis region by way of Louisville, Ky.

Joe Reagan, president of Greater Louisville, Inc. will be the RCGA's new president and CEO effective Feb. 1, 2012.

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Resource Management
12:26 pm
Mon December 12, 2011

OSHA proposes $195,930 fine over fatal accident at St. Louis-area company

View Resource Management Co in a larger map

A suburban St. Louis company could face nearly $200,000 in fines after the U.S. Occupational Safety and Health Administration cited 37 health and safety violations in an investigation that began after a fatal accident.

A worker at Resource Management died June 12 in an accident involving a baling machine at the recycling company.

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Missouri Unemployment Rate
5:55 pm
Fri December 9, 2011

Mo. unemployment rate falls, but state loses jobs

(via Flickr/KellyB.)

Missouri lost 3,300 jobs in November but the state's jobless rate still dropped.

The Department of Economic Development reported Friday evening that the state's unemployment rate dropped three-tenths of a point to 8.2 percent last month.

The decline in nonfarm employments comes after the state reported that it added about 1,100 jobs in October. However, the state reported a net loss of 4,000 nonfarm jobs in September.

Foreign Trade Zone
4:58 pm
Mon December 5, 2011

Area Foreign Trade Zone expanded to all of St. Louis City, County

St. Louis mayor Francis Slay at a press conference regarding the expansion of the region's Foreign Trade Zone to include all of St. Louis and St. Louis County.
(Joseph Leahy/St. Louis Public Radio)

St. Louis city and St. Louis County officials say they've gotten federal approval that will help local companies compete in the global market. The area's Foreign Trade Zone has expanded to include all of St. Louis County and City.

The expanded zone will allow more local manufacturing and distribution companies to import goods duty-free and avoid other customs fees.

Mayor Francis Slay announced the expansion at Sunset Transportation in south St. Louis. Slay says the approval from the US Department of Commerce also streamlines the time it takes for businesses to qualify.

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Business/Post-Dispatch lawsuit
3:37 pm
Mon December 5, 2011

Post-Dispatch faces lawsuit over retiree benefits

The St. Louis Post-Dispatch building in St. Louis.
(via Flickr/pasa47)

Twelve former employees of the St. Louis Post-Dispatch have sued the paper, saying corporate officials lied to them about the benefits the employees would receive after taking an early retirement offer in 2007.

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Lee Enterprises / St. Louis Post-Dispatch
5:51 pm
Fri December 2, 2011

Parent company of St. Louis Post-Dispatch announces Chapter 11 filing

The St. Louis Post-Dispatch building in St. Louis.
(via Flickr/pasa47)

The owner of the St. Louis Post-Dispatch announced today that it will file for Chapter 11 bankruptcy this month.

Lee Enterprises, based in Davenport, Iowa, says it will allow the company to restructure its debt and exit bankruptcy within 60 days.

The company said in a press release that the filing would not affect employees, vendors and customers.

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Missouri / China
5:41 pm
Fri December 2, 2011

Mo. reaches $200M export agreement with China

Missouri Governor Jay Nixon and China's Ambassador to the United States Zhou Wenzhong during a state dinner in Feb. 2010.
(UPI/Bill Greenblatt)

Missouri officials have completed an agreement to boost exports and investment in northwestern China by $200 million.

Gov. Jay Nixon's office said Friday that the deal calls for state Department of Economic Development to work with officials in Xinjiang Uygur to increase Missouri exports from 2012 to 2014.

Economy
6:13 pm
Thu December 1, 2011

Old North St. Louis neighborhood wins national "smart growth" award

Old North was one of two St. Louis neighborhoods to participate in this year's Open Streets festival.
(Courtsey of the Old North St. Louis Restoration Group)

Updated 5:01 p.m. with comment from EPA, and 6:05 with comment from Sean Thomas.

Old North St. Louis has won the Environmental Protection Agency’s 2011 National Award for Smart Growth Achievement.

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