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“Economic justice is a team sport. Government cannot do this alone," said Mayor Tishaura Jones. "When done in collaboration with our philanthropic civic and private sector partners, we can make a lasting difference for generations to come."
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The new sales tax rate at CityPark is 12.7%. St. Louis City SC officials plan to use the extra money for unexpected construction costs.
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Efforts to revitalize areas of the Hyde Park neighborhood are underway, thanks in part to federal coronavirus funds a city agency will use to invest in north St. Louis. The St. Louis Development Corporation is allocating more than $200 million across the city.
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The St. Louis Development Corporation began directing federal coronavirus relief funds to small businesses in April 2022. The program is now complete, with funds going to 900 recipients across St. Louis.
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Aldermen will go on break on Friday for the campaign season. The 2022-23 legislative session ends April 17.
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The plan is already targeting development and investment in Dutchtown, the area around the new NGA headquarters, Walnut Park and Martin Luther King Boulevard.
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The potential project could bring the city’s first marina to the north St. Louis riverfront. It would also add a hotel, waterpark and indoor trampoline park to a 70-acre plot of land north of Interstate 270, just within city limits.
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The agency’s budget boosts spending by more than 40% compared to last year. The largest increases are in personnel and consulting contracts.
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The St. Louis Development Corporation is on the lookout for a consultant that can help improve its internal workings. That's weeks after a federal grand jury indicted a St. Louis alderman for allegedly pressuring agency staff to sell property to a businessman in exchange for a bribe.
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The St. Louis Development Corporation has been selected to join a national effort to examine racial inequity in development. Development corporation leaders say they aim to spur economic growth in long-neglected communities.