Economy & Innovation

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

kevindooley via Flickr

In an environment where companies hold a lot of power, can you make a difference by buying just one share in a company?

Yes, said Brian Reavey, Marianist Province’s director for justice, peace and integrity of creation. Reavey will speak about shareholder advocacy on Thursday at a Women's Voices Raised for Social Justice program.

“There’s a lot of power in owning shares or just even being aware of what companies we’re buying our products from,” he told “St. Louis on the Air” host Don Marsh on Thursday.

Shell gas station
(via Flickr/dno1967b)

A new forecast is suggesting gasoline prices in St. Louis will continue to be among the lowest in the nation for 2015.

GasBuddy.com's annual outlook predicts the peak price in the region will range from $2.65 to $2.95 cents a gallon, thanks in part to a decision by Saudi Arabia to continue production even as global oil prices fall.

via Wikimedia Commons

Amid reports that the team’s owner plans to build a stadium close to Los Angeles, Missouri Gov. Jay Nixon said a plan should be revealed this week that aims to keep the Rams in St. Louis. 

Attorney General Eric Holder visited Ferguson Aug. 20.
Office of U.S. Rep. Lacy Clay

The message to U.S. Attorney Eric Holder from Ferguson: hurry up.

In an open letter to Holder sent late last month, several Ferguson business owners, residents and even the mayor urged Holder to quickly release findings from his office’s federal investigation into Michael Brown’s death.

electric lines
Tom Taker via Flickr

St. Louisans wishing to comment on the possibility of an increase in their electric bill will have two chances to speak with the Missouri agency that regulates investor-owned utilities Monday.

The Missouri Public Service Commission is holding a public hearing at noon at the Holiday Inn on Watson Road near Kirkwood and another at 6 p.m. at St. Louis Community College-Florissant Valley.

Workers demonstrate in support of a higher minimum wage earlier this month.
Bill Greenblatt | UPI

Missouri’s minimum wage will go up 15 cents as of New Year’s Day.

The increase from the current $7.50 to $7.65 is the result of a 2006 ballot referendum tying the state’s minimum wage to the Midwest Consumer Price Index. It’s the second 15 cent increase in as many years.

/ Véronique LaCapra, St. Louis Public Radio

Gov. Jay Nixon has ordered the Missouri Department of Agriculture to explore business opportunities in Cuba.

The move follows President Barack Obama's decision to normalize relations with the communist island nation. 

In a written statement released Tuesday, Nixon said that Missouri's agricultural exports are already up by 14 percent this year.

Kristi Luther | St. Louis Public Radio

Community organizing pays off.

That’s the message in a report released Tuesday by Gamaliel, a national faith-based network with affiliates in 16 states, including Metropolitan Congregations United in the St. Louis region and United Congregations of Metro East.

utility wires, Ameren
(Flickr, sciondriver)

Ameren Missouri officials say the utility will invest $135 million in a three-year energy efficiency plan to begin in 2016.  

Ameren filed the plan with the Missouri Public Service Commission Monday. The utility said it's expected to provide more than $260 million in customer benefits over 20 years.

Ameren’s director of energy efficiency, Dan Laurent, said the plan also is expected to save about 426,000 megawatt hours.

Eastern Missouri and southern Illinois saw the unemployment rate drop significantly to 6.3 percent - the lowest level since mid-2008.
BLS, courtesy of Federal Reserve Bank of St. Louis

A new report from the Federal Reserve Bank of St. Louis shows two-thirds of businesses surveyed are moderately optimistic about the St. Louis region's economic outlook in 2015.

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