Economy & Innovation

Northside Regeneration
5:24 pm
Wed April 16, 2014

McKee Gets Extension to Pay Northside Regeneration Project Legal Fees

Paul McKee won a brief extension to pay the city legal fees.
Credit Marshall Griffin/St. Louis Public Radio

Developer Paul McKee has two weeks to reimburse the city of St. Louis for legal fees associated with his Northside Regeneration project. 

The city’s Board of Estimate and Apportionment voted Wednesday to give McKee until April 30 to pay approximately $57,000 in legal fees. That money is associated with a roughly three-year legal battle over McKee's proposal to redevelop portions of north St. Louis.

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The Rundown
10:33 pm
Mon April 14, 2014

Economy & Innovation Rundown: Imagination And Startups

The Victoria building stood at the corner of Eighth and Locust streets. It has since been demolished. This photograph was taken in 1940 when St. Louis had more than 800,000 residents.
Credit (Historic American Building Survey at the Library of Congress)

On Friday, Arch Grants announced the finalists for its 2014 Arch Grants Business Plan Competition. The field has been whittled down to 46 entrepreneurs. Twenty of those finalists will win $50,000 each along with business support services to help them launch amazing businesses. In exchange for winning, they have to locate, or relocate, to St. Louis for at least a year.

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Economy
2:29 pm
Mon April 14, 2014

Sen. Kirk Calls On Congress To Extend Fighter Jet Production in St. Louis

U.S. Sen. Mark Kirk of Illinois held a press conference Monday after touring the facility where Boeing builds the Navy's EA-18 G Growler.
Joseph Leahy / St. Louis Public Radio

U.S. Sen. Mark Kirk (R-Ill.) says he will work to extend production of EA-18 G Growlers at Boeing’s defense facility in north St. Louis County.

Kirk, who toured the assembly line and met with company leaders Monday, told reporters he will try to convince Congress to approve and appropriate funds for 22 more of the radar-jamming aircraft.

Building the fighters, he said, supports about 5,000 jobs in the St. Louis area and is critical to the Navy for future conflicts.

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Suburban Evolution
11:22 pm
Sun April 13, 2014

This Is Chesterfield: "Bedroom" Community Experiences Business Boom

A sculpture of a horse rests in front of Chesterfield City Hall.
Jason Rosenbaum/St. Louis Public Radio

Chesterfield received plenty of attention recently when it snagged two high-profile festivals away from the city of St. Louis. But the hubbub over the Taste of St. Louis and Bluesweek’s exodus may be part of a larger story. 

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Baseball/Business
3:38 pm
Fri April 11, 2014

St. Louis Officials Host China National Baseball Team

Mayor Francis Slay welcomes the China National Baseball Team to St. Louis. The team met with St. Louis officials and sportsmen Friday morning at Ballpark Village.
Credit Nora Ibrahim

Baseball and business were both on the agenda when the China National Baseball Team visited St. Louis on Friday. Mayor Francis Slay and former U.S. Sen. Christopher "Kit" Bond were among those who met with the team at Ballpark Village overlooking the field at Busch Stadium.

St. Louis-based Rawlings, a sports equipment manufacturer, arranged for the Chinese team’s visit in the past few months as it finalized a contract with the team. The company announced last month that it will be the China National Baseball Team’s official apparel and equipment sponsor.

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Economy & Innovation
1:00 pm
Fri April 11, 2014

Arch Grant Finalists Announced

Credit (UPI/Bill Greenblatt)

Arch Grants named the 46 finalists Friday who will compete for the 2014 round of grants.

Twenty companies will receive $50,000 grants each in exchange for moving to St. Louis.

The finalists have businesses proposals that range from education and consumer products to biomedical devices and technology. They represent four countries, including Canada, Colombia, the United Kingdom and the U.S., as well as 11 states.

Arch Grants Board President Jerry Schlichter said the competition is raising St. Louis' profile as a destination for entrepreneurs.

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Precision Farming
5:23 pm
Thu April 10, 2014

Monsanto, DuPont Meet With Farm Bureau About Big Data

Credit (Flickr)

The American Farm Bureau Federation met Thursday with Monsanto and several other agribusiness companies, such as DuPont and John Deere, to talk about the use of big data in agriculture.

The meeting comes as farmers grapple with whether to share information with major agricultural businesses.

The Farm Bureau had been warning farmers to be cautious as Monsanto and DuPont rolled out new data services. Those services use farmers’ information, including crop yields, to determine the best seeds to use and how much to plant.

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Peabody
4:41 pm
Wed April 9, 2014

Students Want Washington University To Cut Peabody Ties

Protestors converge on the steps of Brookings Hall to protest Washington University's ties with Peabody.
Jason Rosenbaum/St. Louis Public Radio

Nicholas Curry's sleeping arrangement has changed a bit over the last couple of days.

Curry, a junior at Washington University, has been camping out in a tent near Brookings Hall. It's part of a "sit-in" to get Washington University to cut ties with Peabody Energy, a large coal company that's headquartered in St. Louis. 

"I slept out here with my dog Max," Curry said. "So, we spent the night here last night, and we'll be here tonight."

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The Rundown
8:44 pm
Mon April 7, 2014

Economy & Innovation Rundown: Ladies First. Sometimes.

It's not just April showers that bring flowers. Technology can do it, too.
Credit (Flickr/Moyan Brenn)

By the time this post is published, people across St. Louis are reveling from having watched the first Cardinals’ home game of the season and are gearing up for a fabulous season.

I’m hoping that is the case because this week's rundown on economy and innovation isn’t all sunshine and flowers. Actually there could be flowers, but you’ll have to wait to read about that.

First, let’s talk entrepreneurship. 

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Laclede Gas
4:29 pm
Mon April 7, 2014

Laclede Expands Into Alabama

Credit (Filckr/Timothy Vollmer)

Laclede Group has acquired another natural gas utility, this one outside Missouri.

The company announced Monday it will buy the Alabama Gas Corporation, known as Alagasco, from Energen Corp. for $1.6 billion.

Energen had been seeking a buyer since early this year.

Laclede Group President and CEO Suzanne Sitherwood said the effective cost would drop to $1.34 billion after taking tax benefits of about $260 million dollars into account. The acquisition is also expected to generate net revenues in the first year.

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