Economy & Innovation

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

via Flickr/Michael R. Allen

Now that Lambert-St. Louis International Airport has finished its major physical improvements, it is working to position itself to best advantage in today’s aviation economy.

The airport released a five-year strategic plan Wednesday with broad goals to strengthen its finances and to better meet the needs of its passengers. The plan centers on utilizing every asset the airport has while recognizing its limitations.

St. Louis County Executive Steve Stenger delivers his inaugural address on Jan. 1, 2015. Stenger is coming into office with an ambitious agenda to change St. Louis County government -- and the legislative alliances to help him out.
File photo by Bill Greenblatt | UPI

St. Louis County Executive Steve Stenger won’t have a direct role in picking the replacement for St. Louis Economic Development Partnership CEO Denny Coleman. 

But with an eye toward a more aggressive economic development strategy, Stenger says he wants Coleman’s successor to be assertive in seeking out new opportunities.

The rubble of a burned down business on West Florissant Avenue in Ferguson.
File photo by Jason Rosenbaum | St. Louis Public Radio | File photo

The St. Louis Port Authority has designated $500,000 to help clean up portions of Ferguson and Dellwood. 

After a grand jury decided not to indict former Ferguson Police officer Darren Wilson, portions of the two cities were looted and burned. Several months later, some of the burned-out structures still remain in ruins in Ferguson and Dellwood.

Maxim Schillebeeckx and Brett Maricque, back row far left, stand with the Balsa Foundation's Entry Program Finalists: Patrice Hill, JaNay Holmes, Talah Alem, Chico Weber, Andrew Yee, Bernard Mallala, Tom Spudich and Brad Postier.
J.R. Johnson / Courtesy of the Balsa Foundation

Do you have a business idea? A student-led nonprofit wants to help, and is offering free advice for St. Louis entrepreneurs.

The Balsa Group is led by Washington University graduate student volunteers who help advise St. Louis biotech and life-science companies at a discounted rate.

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.

Pages