St. Louis Press Pass

by Gary Broome | Apr 17, 2015
Brown Shoe to rebrand itself as Caleres
(St. Louis Post-Dispatch, 4/16/15)
One of St. Louis’ oldest public companies, Brown Shoe, is stepping out with a new name, Caleres. Brown has been part of the corporate name since the company’s founding in 1878. Next month, however, that name will be dropped once shareholders approve the change on May 28. >> CLICK FOR MORE
New Initiative To Help Underprivileged Kids Learn About Local Businesses
(KTRS, 4/6/15)
St. Louis, MO (KTRS) The manager for Cedric the Entertainer and his wife are teaming up with the ‘”St. Louis Business Journal” to help area kids. Eric Rhone and his wife Angela partnered with the “St. Louis Business Journal” to create “Journal For Juniors,” a six-week program for underprivileged youth to learn about the local business world. Rhone explains how the program works: “The teachers of these students allow the students to pick an article from the “St. Louis Business Journal” and over the course of the six weeks, they study these articles, study the business owners, look at their spread sheets, their balance sheets and really do a forensic analysis on several businesses.” >> CLICK FOR MORE
Startup developing treatments for cancer raises nearly $2 million
(St. Louis Business Journal, 4/7/15)
Euclises Pharmaceuticals, a biotech startup looking to develop treatments for cancer, has added approximately $700,000 to its Series A financing round, which has closed just shy of $2 million. Euclises, which is developing selective cyclooxygenase-2 (“COX-2″) inhibitors to help treat cancer, reported raising $1.3 million of the round in September 2014 from a group of investors that included Cultivation Capital, the BioGenerator, Missouri Technology Corporation, the St. Louis Arch Angels, ABC Laboratories and the St. Louis County Port Authority’s Helix Fund. >> CLICK FOR MORE
Corporate veteran reboots career at tech startup
(St. Louis Post-Dispatch, 4/3/15)
When Bill Tingle decided to move from the corporate world to the startup world, he figured that would require a move to San Francisco. Tingle, 52, who was vice president for information technology at Enterprise Holdings, even booked a flight west to explore opportunities. Before he could take the trip, he had already found the startup he wanted to join — but 8 miles away, not 2,000. >> CLICK FOR MORE
3 St. Louis mortgage lenders rank in Missouri’s top 10  
(St. Louis Business Journal, 4/6/15)
Three St. Louis mortgage lenders ranked in the top 10 in Missouri for total loan originations in 2013, led by USA Mortgage/DAS Acquisition Co. in the third spot with 6,789 loans, a 4.7 percent share. Pulaski Bank was seventh, with a 2.4 percent share, and Stifel Bank & Trust was 10th, with a 1.2 percent share. >> CLICK FOR MORE
Energizer® Sponsors FIRST® Championship, Promoting Science and Technology to Students
(CNN Money, 4/7/15)
ST. LOUIS, April 7, 2015 /PRNewswire/ -- To help engage youth in science and technology education, Energizer Household Products, a division of Energizer Holdings, Inc. (NYSE: ENR), is sponsoring the FIRST® Championship taking place in St. Louis on April 22-25, 2015. FIRST, or For Inspiration and Recognition of Science and Technology, was founded in 1989 to inspire interest in science, technology, engineering and math (STEM) education and careers among students ages six to 18, by engaging them in exciting mentor-based robotics programs. These innovative programs also help students build valuable life skills such as self-confidence, communication, and leadership. >> CLICK FOR MORE
(St. Louis Post-Dispatch, 4/6/15)
St. Louis, MO – April 6, 2015 – Gateway to Innovation, the premier annual conference for regional IT professionals, presented cash awards to six non-profit and educational organizations supporting technology initiatives during a special event hosted by the St. Louis Regional Chamber. Gateway to Innovation will be attended by more than 1,300 regional IT professionals April 29, 2015 at America’s Center Convention Complex in downtown St. Louis.  >> CLICK FOR MORE
State Invests Billions in Tech Companies
(Alton Daily News, 4/14/15)
The state of Illinois plans to boost its investment in technology companies. The state has $12 billion to $15 billion to invest at any moment, and since 2005, the law has allowed 1 percent of that to be invested in Illinois-based high-tech companies. In 2011, the limit became 3 percent, but the actual amount has never exceeded 1 percent. >> CLICK FOR MORE
St. Louis tech company opens office in Wisconsin
(St. Louis Business Journal, 4/15/15)
GadellNet Consulting Services, an IT consulting firm based in St. Louis, is expanding with a new office in Madison, Wisconsin. It’s the second expansion outside of St. Louis for the company, which has more than $3 million in revenue. The company expanded into Indianapolis in 2013. And in 2014, GadellNet received $1.35 million from the Missouri Department of Economic Development to move into a new building near the Cortex innovation district to support its local growth. >> CLICK FOR MORE
RiverVest raises $75 million, plans to raise a lot more
(St. Louis Business Journal, 4/14/15)
RiverVest Venture Partners, the Clayton-based venture capital firm that specializes in life sciences companies, has raised $75.8 million from a group of 41 investors for the firm’s third fund, according to a regulatory filing Monday with the Securities and Exchange Commission. The money raised represents just more than half the planned $150 million fund, called the RiverVest Venture Fund III LP, which was initially revealed in March 2013. >> CLICK FOR MORE
YieldLab Co TerViva Turning Distressed Land Around
(Techli, 4/13/15)
The agriculture industry is currently in a conundrum. There is a rising global demand for food and fuel, but the land area where crops can be grown has diminished over time. TerViva is one company that is looking to solve this global challenge. According to the company, TerViva helps growers “convert distressed agriculture land into productive acreage by growing an oilseed crop called pongamia.” >> CLICK FOR MORE
NASA taps Boeing to develop ‘aircraft of the future’
(St. Louis Business Journal, 4/6/15)
NASA on Monday announced it has established a public-private partnership with a handful of companies to develop knowledge about composite materials that could improve the performance of aircraft in the future. Included in that group is Boeing’s Research & Technology unit, which is based in St. Louis. The research and technology division provides technologies that accelerate the development of future aerospace solutions. >> CLICK FOR MORE
Dreamliners flying out the door at 10 a month, Boeing reports  
(St. Louis Business Journal, 4/6/15)
Boeing aircraft deliveries rose 14 percent in the first quarter of 2015 compared to the same period last year, driven mostly by increases in 787 and 737 production. The company delivered 184 jets in the first quarter —— 121 of those the high-volume 737, Boeing’s smallest model. A particular bright spot was the delivery of 30 787 Dreamliners, which puts Boeing exactly where it wants to be, pumping out 10 a month of the carbon composite jets. That compares to an average of six a month in the first quarter of 2014.  >> CLICK FOR MORE
Missouri among fastest-growing solar markets  
(St. Louis Business Journal, 4/7/15)
Missouri ranks as the 11th fastest-growing state for solar photovoltaics (PV) installations, according to an annual report published by the Solar Energy Industries Association (SEIA). The state installed 73 megawatts (MW) of solar electric capacity in 2014, just behind New Mexico (10th on the list with 88 MW installed) and ahead of Maryland (12th on the list with 73 MW installed).  >> CLIcK FOR MORE
One year later: New bridge eases traffic, prompts development  
(St. Louis Business Journal, 4/8/15)
The Stan Musial Veterans Memorial Bridge opened for traffic in February 2014 with the goal of easing traffic congestion for drivers traveling across the Mississippi River between Missouri and Illinois. One year later, project engineers say the $346 million bridge has more than met expectations. “We’re very pleased with the effect the bridge has had so far,” said Jeff Church, project implementation engineer with the Illinois Department of Transportation. “We’re very happy with the traffic patterns, which, after the first year are very close to what we expected.” >> CLICK FOR MORE
Electric, gas savings cast Granite as a 'Most Progressive City'
(Illinois Business Journal, 4/15/15)
GRANITE CITY – Ameren Illinois says Granite City is one of six Illinois communities being recognized as an ActOnEnergy "Most Progressive City." Granite City was selected in part based on the significant energy savings achieved by its local businesses. In recognition of their award, the city will receive a road sign that can be displayed in the community. "It's great to see the changes we're making in Granite City are helping to build a better community and a better environment for future generations.  >> CLICK FOR MORE
New $21 million development for Richmond Heights  
(St. Louis Business Journal, 4/3/15)
Plans are in the works for a new assisted living facility near SSM St. Mary’s Health Center in Richmond Heights. The four-story facility, dubbed The Bellevue at St. Mary’s Senior Living, is expected to cost about $21 million. The Bellevue will be owned by TLG Bellevue Partners LLC. The group lists Stephen A. Smith, founding principal and CEO of The Lawrence Group, as its contact person on filing documents. >> CLICK FOR MORE
SSM St. Joseph’s West to launch $68.6 million expansion
(St. Louis Business Journal, 4/15/15)
SSM St. Joseph’s West Hospital will begin construction in the next month on a new patient tower and smaller outpatient facility to accompany its main hospital. The $68.6 million project calls for a three-story patient tower that will include 84 patient beds and a two-story diagnostic outpatient center. The new construction will enable the hospital to offer all private beds, according to a press release on the project. The outpatient center will feature expanded laboratory and pharmacy services. New parking also is included in the project. >> CLICK FOR MORE
Saint Louis University art museum gets national recognition  
(St. Louis Business Journal, 4/6/15)
The Saint Louis University Museum of Art is ranked No. 4 among the top college museums in the nation. The rankings, released by, referred to the museum as “impressive and historic.” The list was compiled after looking at public data on every college and university museum in the country. Some of the factors considered were public access; past, current and planned exhibits; architecture; history; and campus integration and support. >> CLICK FOR MORE
Kwame Donates Art Gallery
(Construction Forum STL, 4/13/15)
Kwame Building Group, Inc. (KWAME) has transformed a traditional, 600-square-foot classroom at Central Visual and Performing Arts (CVPA) High School into a student art gallery to exhibit the artwork of the school’s 113 art majors during school hours and at after-school gallery events. KWAME donated labor and materials to build the gallery. “Having an art gallery adds validity to our visual arts students,” said Dwayne Buggs, Dean of Arts at Central Visual and Performing Arts High School. >> CLICK FOR MORE
As the job market appears to tighten, wages are rising in St. Louis
(St. Louis Post-Dispatch, 4/13/15)
The St. Louis job market is getting tighter, and Tim Hollenbach sees the effect.
He has to pay more to get good workers. Unemployment in the St. Louis area in February stood at 5.5 percent. That’s down from 7.5 percent a year ago, according to Labor Department figures, adjusted for seasonal changes by Lindenwood University.  
Webster, LCCC sign agreement to expand nursing offerings
(Illinois Business Journal, 4/15/15)
GODFREY – A new agreement between Lewis and Clark Community College and Webster University will assist nursing graduates in continuing their education and obtaining their bachelor's degrees. In 2010, the Institute of Medicine issued a blueprint report outlining the future, entitled The Future of Nursing: Leading Change, Advancing Health (FON). One major recommendation focused on nurses achieving higher levels of education through an educational system that promotes seamless academic progression. Specifically, the report recommends increasing the percentage of the registered nurse (RN) workforce with Bachelor of Science in Nursing (BSN) degrees to 80 percent by the year 2020. >> CLICK FOR MORE
From first to worst, St. Louis shows up everywhere in national rankings. Does it matter?
(St. Louis Post-Dispatch, 4/6/15)
So what are we to make of a pair of studies on happiness in St. Louis? On the one hand, Harvard University says we’re a miserable bunch. In a study last summer, economists at Harvard and the University of British Columbia ranked St. Louis the seventh- unhappiest metro area in the U.S. For people so morose, we grin a lot. Jetpac City Guides last year ranked St. Louis the happiest city in America, judging by our bright smiles. >> CLICK FOR MORE
New program helps immigrants find jobs that match their skills
(St. Louis Public Radio, 4/3/15)
A new program at the International Institute of St. Louis is helping immigrant professionals build job skills and advance their careers.The Career Advancement for International Professionals encourages immigrants like Tairou Goura not to abandon their professional ambitions. Goura spent more than 15 years working as a teacher in Togo. It was his love for teaching that led him to come to the United States. >> CLICK FOR MORE
Election in Scarred Ferguson Carries Hope of ‘New Tomorrow’
(The New York Times, 4/4/15)
FERGUSON, Mo. — After months of racially charged unrest over the police killing of a black teenager, activists are making a final push to attract a new generation of voters to the polls on Tuesday in the hopes of changing the face of the predominantly white political leadership in this mostly black city. The effort has transformed the normally sleepy races for City Council in Ferguson, a community of 21,000 people just outside St. Louis. >> CLICK FOR MORE
From the ashes: Ferguson, Mo., boutique reopens
(USA Today, 4/5/15)
FERGUSON, Mo. — Thanks to generous donors and the STLTogether fund, Fashions R. Boutique has reopened. The clothing store was one of several businesses set on fire after the St. Louis County grand jury announced there would be no charges filed against white Ferguson police officer Darren Wilson for shooting unarmed black teenager Michael Brown. "Look at it, it's beautiful," said customer Luceter Blackmon. Owner Juanita Morris has been looking forward to the reopening for months. >> CLICK FOR MORE
Ferguson election makes history, adds more blacks to city council
(CNN, 4/8/15)
Ferguson, Missouri (CNN) Change has come to Ferguson. The racial makeup of Ferguson's city council changed drastically Tuesday night with big victories for candidates Wesley Bell and Ella Jones. Ferguson is 70% black, but was governed by a board on which five of six members and the mayor were white. Now the council will be 50% black.  >> CLICK FOR MORE
Ludeman to debut his latest venture
(St. Louis Business Journal, 4/16/15)
Danny Ludeman, former president and CEO of Wells Fargo Advisors, is ready to debut what he is labeling as his "full time second career." Ludeman will serve as president and CEO of the Concordance Academy of Leadership, a program to assist individuals returning to the community from prison. The Academy will be an expansion of Project COPE. The Concordance Academy as well as the Concordance Institute for Advancing Social Justice, a sister organization, will be officially launched at an event April 29 at the Missouri History Museum. >> CLICK FOR MORE
LGBT protections divide business interests in Missouri
(News Tribune, 4/16/15)
It’s not often that Monsanto comes to Missouri lawmakers to support legislature-imposed mandates on businesses. But that’s exactly what Tricia Workman, a lobbyist for the company, did Wednesday when she testified in a House committee hearing in favor of House Bill 407, which would add sexual orientation and gender identity to the protected categories in employment, housing and public accommodations. >> CLICK FOR MORE