Economy & Innovation

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

(Courtesy Zimmerman Campaign)

The tax status of a high-end retirement home in Kirkwood is no longer in limbo. St. Louis County Assessor Jake Zimmerman announced Friday that he has reached a settlement with Ashfield Active Living & Wellness Communities, which owns Aberdeen Heights.

The assessor’s office and the retirement home operator have agreed that 78.8 percent of Aberdeen Heights will be taxed—netting about $1 million a year for schools, fire departments and public works.

Zimmerman said $700,000 to $800,000 of that will go to schools.

Sign painted on boarded-up window on South Grand
Dale Singer | St. Louis Public Radio

Around 100 youth started new jobs this week as part of the Emerson funded, “Ferguson Forward Program.” Announced in September, "Ferguson Forward" will support early childhood education, business development, scholarships for students and youth job training.

Ameren's solar energy center in O'Fallon.
Ameren Missouri

 Updated 12/4/14

Ameren's solar energy center in O'Fallon is now in service. The 19-acre operation includes 19,000 solar panels and is currently generating six megawatts of power to the company's electrical grid.

Max Starkloff
Courtesy of the Missouri History Museum

In 1959, at age 21, Max Starkloff broke his neck in a car accident, becoming a quadriplegic.

“I think most people see disability as the worst thing that could ever happen to you and that it’s the end of your life,” said Colleen Starkloff, his widow and co-director of the Starkloff Disability Institute. “When I met Max, I realized it was the beginning of life.”

Max Starkloff, who died in 2010, became an advocate for people with disabilities.

The Federal Reserve Bank of St. Louis at Locust St. and N. Broadway, circa 1924-1925 just after the building went up.
Courtesy of the St. Louis Fed

The Federal Reserve Bank of St. Louis celebrates its centennial anniversary this year.

St. Louis was one of 12 Reserve Banks that opened for business on November 16, 1914. They were all part of the Federal Reserve System created when President Woodrow Wilson signed the Federal Reserve Act into law in December 1913.

The Fashions R Boutique was one of 13 businesses in Dellwood that burned down during Monday's riots following the announcement of the Darren Wilson grand jury decision.
Stephanie Lecci | St. Louis Public Radio

 

Echoing the mayor of neighboring city Ferguson, the mayor of Dellwood is adding his voice to the criticism of Gov. Jay Nixon and demanding answers in the aftermath of Monday's riots.

Mayor Reggie Jones said Dellwood was promised its business district would be protected by National Guard troopers, but he said "they failed to arrive."

While Ferguson has "gotten more attention," Jones said, his city saw the most damage and he wants to make sure his city also gets the resources it needs to recover. 

St. Louis City Hall
Richie Diesterheft | Flickr

St. Louis Mayor Francis Slay has directed the city’s Affordable Housing Commission to set aside an additional $1 million for its Home Repair Program.

The commission has already authorized more than $2.4 million from its Housing Trust Fund  to assist nearly 900 income-qualified applicants to  keep their aging homes safe and livable. 

According to a statement from the mayor’s office, the additional allotment will be prioritized for nearly 1,900 homeowners to finish needed work.

roast turkey
M.Rehemtulla | Flickr

Missourians will spend more money on their Thanksgiving Day meals than the average American, according to data gathered by the Missouri Farm Bureau.

Based on this year's survey, it costs $50.52 in Missouri to prepare a Thanksgiving meal for 10 people, or $5.05 a person, that contains the following:

Businesses along South Florissant Road continued to board up windows Tuesday afternoon.
Mary Delach Leonard | St. Louis Public Radio

Business owners in Ferguson are asking why the Missouri National Guard didn’t do more to protect their property Monday night.

At least a dozen small businesses along West Florissant Avenue and South Florissant Road were looted and set on fire within hours of the grand jury’s announcement. That includes Sam’s Meat Market, the store that served as a backdrop for press conference last week where business owners pleaded for peaceful protests.

CityArchRiver says water features allow for play but can be turned on or off, opening up more room for other activities. The fountains will be lit and can change colors for events and celebrations.
CityArchRiver

If there’s a sports-related rally, a festival, even a gathering of protesters or an outdoor civic event in the city, chances are that it will happen in downtown’s Kiener Plaza. In the view of some, Kiener works just fine as it is.

But what if:

Pages