St. Louis Press Pass

by Gary Broome | May 08, 2015
Plans for air-cargo terminal at Lambert move forward
(St. Louis Post-Dispatch, 5/6/15)
Plans to build an international air-cargo facility at Lambert-St. Louis International Airport moved forward Wednesday when the airport commission unanimously approved the project, which includes demolishing most of the original McDonnell-Douglas complex to build a new terminal with ramp space for freighter aircraft.  >>CLICK FOR MORE
Small business center opens in St. Charles
(KSDK, 5/5/15)
There's been a lot of attention on business start ups in St. Louis and hot spots for new entrepreneurs, like the tech-friendly TREX building in the downtown area. Now some suburbs are stepping up, hoping to create their own start-up centers. One was a cause for celebration in St. Charles Tuesday afternoon. The old post office in historic St. Charles has been renovated. Businessman Randy Schilling turned the building into offices, conference rooms and a collaboration room. The idea is to give small business owners the space they need to work and grow until they get big enough to get their own work space. >> CLICK FOR MORE
Area leaders launch business initiative, 'Light Up Alton'  
(Illinois Business Journal, 5/4/15)
Alton area business leaders met on April 29 for a luncheon to kick off a new set of initiatives aimed at enhancing the business strength of Alton. Liberty Bank, Bob Ramsey Seminars, RiverBend Growth Association and Simmons Hanly Conroy law firm hosted the event at the Simmons firm in Downtown Alton. Dale Blachford, president of Liberty Bank, John Simmons of Simmons Hanly Conroy law firm, Bob Ramsey of Bob Ramsey Seminars and Dr. Dale Chapman, president of Lewis and Clark Community College, all presented ways business people can play a vital role in the rebirth of Alton business. >> CLICK FOR MORE
New start-ups in St. Louis find creativity in their work spaces
(St. Louis Public Radio, 5/5/15)
As the Midwest economy continues to shift from a traditional manufacturing base, the spaces that many area workers and employers spend their days -- and nights -- in are also evolving. Research suggests more and more workers are shifting to non-traditional offices, ranging from pet-filled apartments to shared spaces, complete with bunk beds and craft beer. The LockerDome headquarters in downtown St. Louis is a giant open space and nobody has a traditional office. >> CLICK FOR MORE
Schnucks picks location for $100 million distribution facility
(St. Louis Business Journal, 5/7/15)
Schnuck Markets Inc. officials said Thursday they will begin construction this summer on a new distribution center, estimated to cost $100 million, in north St. Louis County. The St. Louis grocery chain plans to build the 915,000-square-foot facility at the NorthPark business park in Kinloch and would employ about 400 people. >> CLICK FOR MORE
Regional symposium focuses on entrepreneurial and acquisition opportunities
(Illinois Business Journal, 5/4/15)
ST. LOUIS – A trio of business-bolstering organizations has come together to offer VISION 2015, a one-day event to educate and engage women, minorities, veterans, immigrants and others on career and entrepreneurial opportunities in bioscience, IT and advanced manufacturing. The three are BioSTL, ITEN and St. Louis Makes. VISION 2015, "Growing Industries, New Opportunities, Find Your Fit," will be held Friday, June 12, at Harris-Stowe State University. The event will feature diverse entrepreneurs, professionals, support organizations, start-up organizations and corporations and speakers highlighting the growing bioscience, information technology and advanced manufacturing industries and the new opportunities being created.>> CLICK FOR MORE
Barge Containers Project Could Bring Business to St. Louis
(KMOX, 5/5/15)
ST. LOUIS (MO) –A plan to place shipping containers on barges that travel on the Mississippi River now has the full attention of the U.S. Department of Transportation. The department has designated the idea as an official project. Colin Wellenkamp of the Mississippi River Cities and Towns Initiative is the executive directorrepresenting 28 mayors along the river that all support the plan including Mayor Francis Slay. >> CLICK FOR MORE
Monsanto, Cultivation Capital invest in agtech startup Arvegenix
(St. Louis Business Journal, 5/8/15)
Arvegenix, the St. Louis-based agtech startup developing Pennycress, an annual energy crop grown over winter when land is idle, giving farmers another revenue crop, has raised $2.5 million from a group of investors that includes Monsanto, Cultivation Capital, the St. Louis Arch Angels and the BioGenerator. >> CLICK FOR MORE
Food tech startups increase funding by 272 percent
(St. Louis Business Journal, 5/4/15)
Startup companies changing the way you eat, or how you get your food, raised more than $1 billion in 2014, according to data provided by CB Insights. That's a 272 percent increase from 2013 funding levels, which came in at about $288 million. The uptick was led by big deals for major food tech startup players like grocery delivery service provider Blue Apron ($50 million in April 2014) and Caviar, which raised $13 million in April 2014 before being acquired by Square, the mobile payments company founded by native St. Louisans Jack Dorsey and Jim McKelvey, for around $100 million. >> CLICK FOR MORE
Wealth management firm expanding, breaking ground in O’Fallon
(Belleville News-Democrat, 5/5/15)
An Edwardsville-based wealth management firm is breaking ground Tuesday on its second metro-east location. Visionary Wealth Advisors is building a $16 million, 65,000-square-foot office building off Interstate 64 at 1405 Green Mount Road in O’Fallon. The site is being treated for mine subsidence as concrete has been added beneath the ground to stabilize the foundation. >> CLICK FOR MORE
Union Pacific to spend $66 million on Missouri rails
(St. Louis Business Journal, 5/5/15)
Omaha-based railroad Union Pacific Corp. announced it plans to invest $66 million in its rail infrastructure throughout Missouri as part of $4.2 billion in capital spending on the company’s rail network this year. Of the $66 million Union Pacific plans to spend in Missouri, $48 million would go to maintaining track, $8 million to upgrade signal systems and another $10 million would be spent to maintain and repair bridges in the state, according to a release from the company. >> CLICK FOR MORE
New bus options bring jobs, shopping, health care to Madison County residents
(St. Louis Public Radio, 5/1/15)
Madison County, Illinois, bus riders will soon start seeing some changes in service. Starting next Sunday, Madison County Transit will bring an entirely new bus route to areas popular with the Highland community, and add evening and weekend service elsewhere. The expanded services will not be offered on all routes. Instead, according to SJ Morrison, Director of Marketing and Planning for Madison County’s transit system, the department evaluated holes in service and community demands, then chose to expand bus routes that demonstrated the most need. >> CLICK FOR MORE
Build-A-Bear to put store in iconic skyscraper
(St. Louis Business Journal, 5/6/15)
As Build-A-Bear Workshop looks to place more stores in high-traffic and tourist-heavy areas, the company plans to open a 3,000-square-foot store in one of New York City’s biggest tourist attractions: the Empire State Building. Build-A-Bear CEO Sharon Price John noted the new store in a conference call with investors Tuesday. She said the ground-floor store in the Empire State Building will replace the company’s Fifth Avenue store in New York City. The Fifth Avenue store is slated to close by late June or early July. >> CLICK FOR MORE
St. Louis furniture retailer expands to Indianapolis
(St. Louis Business Journal, 5/5/15)
Webster Groves-based furniture retailer Weekends Only is making its first foray out of the St. Louis market with a new Indianapolis store, set to open May 22. The Indianapolis store will join the company’s five locations in West County, Bridgeton, Fairview Heights, Mid Rivers and South County. The company also sells furniture and mattresses online.  >> CLICK FOR MORE
Rolla = Cambridge in new college rankings that try to show how schools add value
(St. Louis Public Radio, 4/28/15)
No one has ever mistaken Rolla, Mo., for Cambridge, Mass. But new college rankings place the schools in both towns on just about the same level. The report from a unit of the Brookings Institution in Washington, D.C., is an attempt to determine how well colleges prepare students for high-paying careers. It’s designed to go beyond the rankings published in places like U.S. News and Forbes by using a so-called “value added” approach that determines not just how well graduates will do in their careers but how much their college experience contributed to that success. >> CLICK FOR MORE
UMSL to get state funds for new $20 million business school
(St. Louis Business Journal, 5/6/15)
The University of Missouri-St. Louis will receive $10 million in matching funds from the state toward construction of its planned new business administration building, Gov. Jay Nixon announced Wednesday. Currently, UMSL’s College of Business Administration is spread across five buildings on the university’s north St. Louis County campus. The new 500,000-square-foot building will provide a centralized location, modern technology and additional opportunities for collaboration among students, faculty and the business community, Nixon’s office said. >> CLICK FOR MORE
OSF Saint Anthony's cancer center ranked among best in the nation
(Illinois Business Journal, 5/6/15)
ALTON — The Commission on Cancer of the American College of Surgeons has included OSF Saint Anthony's Health Center among its 2014 Outstanding Achievement Award winners. The award recognizes OSF Saint Anthony's Cancer Center of Excellence as one of the top 75 accredited cancer programs in the United States. Award criteria were based on qualitative and quantitative surveys conducted last year. The award-winning programs represent approximately 15 percent of programs surveyed. >> CLICK FOR MORE
Anheuser-Busch donates millions to National Parks Service for new campaign
(St. Louis Business Journal, 5/4/15)
In an effort to drum up support for its 100th anniversary program next year, the National Parks Service has waived its policy prohibiting partnerships with alcohol makers and inked a 2-year, $2.5 million partnership with Anheuser-Busch. According to the Denver Post, the deal will help support the service's "Find Your Park" campaign. The campaign will include Bud bottles and cans depicting the Statue of Liberty. >> CLICK FOR MORE
‘What’s Right with the Region!’ Awards celebration
(KTVI, 5/5/15)
ST. LOUIS (KTVI) – FOCUS St. Louis, the region’s premier leadership organization, will honor 20 organizations, individuals, and initiatives that are making a difference in St. Louis at the 18th annual ‘What’s Right with the Region!’ Awards celebration. Kim Cella, executive director for Citizens for Modern Transit, and Charli Cooksey, executive director and co-founder Inspire STL, visit Fox 2 News in the Morning to discuss the event. >> CLICK FOR MORE
Ex-CEO focuses on ex-offenders
(St. Louis American, 5/6/15)
For decades, whenever local leaders talked about crime prevention, a hardworking few would call for “re-entry” programs that help ex-offenders find a life in society again. They’d cite the jarring statistics that most crimes are committed by former inmates who couldn’t get job assistance or substance-abuse services. Yet their voices were consistently washed out by the call for more harsh prison sentences and tougher police enforcement. However, in 2013, the long-time, grassroots re-entry initative Project COPE caught the attention of Danny Ludeman, former CEO and president of Wells Fargo Advisors. Since then, Ludeman has been able to convince the region’s top political, business and academic leaders to pool together their resources– including almost $9 million – to establish a nonprofit geared towards reducing prison recidivism and crime. >> CLICK FOR MORE
KellyMitchell named one of the fastest growing, women-owned companies
(St. Louis Business Journal, 5/5/15)
Technology consulting firm KellyMitchell has been named one of the 50 fastest growing, women-owned companies by the Women President's Organization. KellyMitchell, led by CEO Cassandra Sanford, saw revenue grow from $63.5 million to $92.2 million over a 2-year span. That increase placed KellyMitchell at No. 43 on the WPO list. In addition to the revenue growth, KellyMitchell has hired more than 800 employees during that time. >> CLICK FOR MORE
Volunteers working to rebuild Ferguson
(KSDK, 5/2/15)
Power saws buzzed and electric drills whirred across the St. Louis area Saturday as volunteers with Rebuilding Together St. Louis performed much-needed repairs on more than 40 homes. "The purpose is to reach out to those in the community, low income folks that really need help," said Rebuilding Together St. Louis House Captain Jerry Barbero. "Our primary focus is their safety and security." Barbero is part of a team from Emerson who volunteered to make repairs to Ferguson resident Lisa Stegall's home. A recent surgery has kept Stegall out of work and bills out of her control are piling up. >> CLICK FOR MORE