Economy & Innovation

Cortex
3:55 pm
Mon September 29, 2014

CIC@4240 Opens In St. Louis

Co-founder and managing director of CIC@4240, Dougan Sherwood, in the new space.
(Maria Altman/St. Louis Public Radio)

Cambridge Innovation Center’s first site outside Massachusetts is officially open.

CIC@4240 is located in St. Louis’ innovation district, Cortex, and provides flexible working space for startups and emerging businesses.

The company has 32,000 square feet in the @4240 building on Duncan Avenue and is expected to eventually house up to 75 companies.

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Economy & Innovation
11:56 pm
Thu September 25, 2014

What Are Grain Bins Doing Next To IKEA?

Grain elevator in St. Louis' Mid-Town.
(Stephanie Zimmerman, St. Louis Public Radio.)

St. Louis is not exactly a farm town, but you don’t have to look hard to find ag-related commerce here. One big example is Elevator “D,” a grain terminal at 4040 Duncan Ave., neighboring the soon-to-be home of IKEA, the much anticipated Swedish furniture store.

So just what is this massive cement structure? The 88 bins housed within can hold 2.4 million bushels of grain. Built in 1953, it was bought in the mid-1980s by Ray-Carroll County Grain Growers Inc., a farmer’s co-op headquartered in Richmond, Mo.

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Medical Marijuana in Illinois
2:58 pm
Thu September 25, 2014

Illinois Entrepreneur Hopes For Medical Marijuana License

Credit Wikimedia Commons

The opportunity to get in on the ground floor of a new industry has a Metro East entrepreneur moving forward with plans for a medical marijuana operation, even though there is no guarantee of being granted a license by the state of Illinois.

Mitch Meyers is a partner with NCC LLC, which stands for Nature's Care Company. She says the company has already invested hundreds of thousands of dollars into a potential cultivation center and dispensary near Marissa in St. Clair County.

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Economy & Innovation
3:21 pm
Wed September 24, 2014

Startup Voodoo Kicks Off In St. Louis

Credit (courtesy Startup Voodoo)

It’s got a funny name, but a serious purpose.

Startup Voodoo, a one-day conference at Ballpark Village Thursday, is an attempt to help Midwestern entrepreneurs capture that indefinable something that’s helped so many startups become successful, said conference co-founder Aaron Perlut.

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Economy & Innovation
2:53 pm
Mon September 22, 2014

St. Louis Life Sciences Company Sells For $17 Billion

Sigma-Aldrich CEO Rakesh Sachdev (left) and Merck CEO Karl-Ludwig Kley shake hands on the $17 billion deal.
Credit Merck KGaA and Sigma-Aldrich Corp.

A global pharmaceutical company is planning to maintain a significant presence in St. Louis once its $17 billion acquisition of a local life sciences company closes.

Germany-based Merck KGaA Chief Executive Officer Karl-Ludwig Kley says it is too early to fully discuss the synergies that will be created by the deal for Sigma-Aldrich Corp.

Merck says the St. Louis-based chemical compound provider will enhance efforts to provide services to drugmakers and research institutions.

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Ferguson business assistance
5:20 pm
Thu September 18, 2014

Emerson Launches "Ferguson Forward" Program, Funds Youth Jobs And Scholarships

Fortune 500 company Emerson has announced a renewed commitment and investment in the Ferguson community where it is headquartered. (Pictured: Emerson's data center in North St. Louis County)
Credit St. Louis Economic Development Partnership website

The global manufacturing company Emerson is upping its investment in the Ferguson community to show "renewed commitment" to the place it has been headquartered for 70 years.

"We choose to be here and are committed to this community, especially now in its increased time of need," chairman and CEO David Farr said in a press release. "We...want to help remove barriers so that more of our neighbors can succeed."

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Economic Development
2:48 pm
Wed September 17, 2014

Centene's Decision To Build In Ferguson: A Conversation With The CEO

CEO and Chairman Michael Neidorff leads Centene's Board of Directors.
Credit Courtesy Centene

Earlier this month Centene Corp., a Fortune 500 company headquartered in Clayton, announced it would build a new medical claims facility in Ferguson. The company, which operates government-sponsored health care plans in 20 states, has said it will hire 150 to 200 employees at the facility.

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Wentzville GM Plant
10:17 pm
Tue September 16, 2014

General Motors Plans To Add 750 Jobs At Wentzille Plant

The addition of a third shift at GM's Wentzville Assembly plant will build, among others, the new Chevrolet Colorado truck.
Credit General Motors

General Motors says it will add a third shift and about 750 new jobs at its Wentzville Assembly plant in early 2015.

The new shift will help build two new midsize pickup truck models, the Chevrolet Colorado and GMC Canyon. It will also produce the Chevrolet Express and GMC Savana full-size vans, which GM describes as solid sellers.

"It's our belief that this is a long-term add for the plant and a very bright future for all the people working here," said plant manager Nancy Laubenthal.

Thousands of early orders

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Space Flight
5:05 pm
Tue September 16, 2014

Boeing Wins NASA Contract For Spacecraft

Boeing's CST-100, one of two spacecraft chosen by NASA to return the launch of manned space flight to the U.S.
Credit Boeing Corp.

NASA announced Tuesday it will award Boeing $4.2 billion to build one of two spacecraft to take American astronauts to the International Space Station.

SpaceX’s Dragon won the other contract, worth $2.6 billion.

NASA said it’s backing the two space taxis with the goal of returning the launch of astronauts from U.S. soil by 2017.

Administrator Charles Bolden said NASA chose two spacecraft because they plan to have more destinations than the International Space Station, including Mars.

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Public Transit
4:55 pm
Sun September 14, 2014

State And Local Officials Share Their Vision For The Future Of Transit

Mayor Francis Slay speaks at Citizens for Modern Transit's (CMT) annual lunch on Friday, September 12, 2014. Seated left to right are CMT Director Kimberly Cella, St. Clair Board Chair Mark Kern and MoDOT Director Dave Nichols.
Credit Camille Phillips/St. Louis Public Radio

Citizens for Modern Transit has been advocating for public transportation in the St. Louis region for thirty years. But at a lunch last week celebrating its anniversary, the focus was on the future. Keynote speakers included Missouri Department of Transportation Director Dave Nichols, St. Louis Mayor Francis Slay and St. Clair County Chairman Mark Kern.

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