Emerald Automotive Partners announced today that its been acquired by Chinese automotive giant Zhejiang Geely Holding Group (Geely Group). The acquisition is not expected to affect Emerald’s agreement with Hazelwood to build energy-efficient delivery vans in the city.
TechShop, a do-it-yourself industrial workshop, based in seven cities made its pitch Thursday to expand into St. Louis.
More than 200 people attended the TechShop's presentation. The company provides industrial equipment and classes for amateur and professional inventors. It is hoping to open a location in Cortex, St. Louis’ technology district.
But in order to open its doors, TechShop needs 1,000 memberships. Company COO and Vice President of Business Development Dan Woods pushed that point at the presentation.
There is a discouraging circularity to folly. The tendency to repeat mistakes, I suspect, is born of forgetfulness. We usually remember the catastrophic failure itself, but often overlook the seemingly minor missteps that led to calamity.
The Illinois Department of Transportation is considering two options for a high-speed rail line between St. Louis and Granite City.
It’s part of a broader high-speed rail corridor between St. Louis and Chicago that’s aimed at shortening commute times between the two cities.
Construction is already underway on rail improvements between Alton and Joliet. But Congress hasn’t issued federal funding yet to build a high-speed rail line between St. Louis and Illinois. IDOT is taking the preliminary steps to apply for the federal money.
Football season is over. The Cardinals are still in Spring Training. St. Louis has no NBA to entertain us. The Olympics were fun while they lasted, but they took St. Louis Blues hockey away from us (until Wednesday). And we still don’t have a Major League Soccer team here. It's fair to say, the region is in a bit of a professional sports slump right now. And what have we been doing to endure the lull?
According to World Trade Center St. Louis executive director Tim Nowak, the number one destination for St. Louis exports is China. With such a direct link to the St. Louis economy, the future of U.S.-China relations is particularly significant to the St. Louis region.
In his new book “Contest of the Century,” Financial Times journalist Geoff Dyer offers an in-depth look at the increasingly competitive nature of that relationship. He is in St. Louis for a presentation tonight at the St. Louis County Library.
Following a two-year recovery in the housing market, the National Association of Realtors’ chief economist expects sales to level off.
"Right now there are two opposing forces; higher mortgage rate anticipation, which is always a negative, and more job creation, which is a positive." said Lawrence Yun, "So, I think it will be a more neutral year in terms of home sales."
Yun spoke to members of the St. Louis Association of Realtors Thursday morning. His key points for this market: