St. Louis Press Pass

by Gary Broome | Jul 31, 2015
Boeing’s Growler Program Manager Optimistic About Line’s Future
(KMOX, 7/29/15)

MSF15-0029 Australian Growler First Flight B/75 Boeing Aircraft Delivery center, St. Louis,
Req. # 280683 (Provided by Boeing)
As the Royal Australian Air Force took delivery of the first of 12 Boeing EA-18G Growler fighter jets on Wednesday, the manager of the Growler project was speaking optimistically about the future of the Hazelwood production line. >> CLICK FOR MORE
A St. Louis community has faith-based response to climate change
(Gateway to Sustainability, 7/15)
The U.S. Green Building Council’s (USGBC) Missouri Gateway chapter and Missouri Interfaith Power and Light are both based in St. Louis, and the common ground doesn’t stop there.A national organization with chapters all across the country, Interfaith Power and Light (IPL) advances energy conservation, energy efficiency, and renewable energy in congregations and religious communities as a faith-based response to climate change. “The congregations that support Missouri IPL have a specific interest in reducing their carbon footprint and their buildings’ energy use,” says Emily Andrews, executive director of the Missouri Gateway chapter. Last year, thanks to a USGBC Impact Grant, the Missouri chapters partnered to provide energy audits for 10 congregations around St. Louis.>> CLICK FOR MORE
(St. Louis Post-Dispatch, 7/31/15)
The jitney, a sort of bus service provided by individual Model T owners, was the Uber of a century ago. Like the modern ride-hailing app, jitneys posed a threat to a long-established transportation monopoly. The streetcar lines fought them at least as hard as today’s taxi companies are battling Uber, and in most cities they succeeded in getting the jitneys regulated out of business. >> CLICK FOR MORE
Busch Stadium to host World Cup Qualifier
(KSDK, 7/31/15)
ST. LOUIS - The World Cup may be 3 years away, but the qualifying is just around the corner, and one of the first steps for the United States will be held in Busch Stadium. >> CLICK FOR MORE
Cards, Fox Sports Midwest reach lucrative TV deal  
(St. Louis Post-Dispatch, 7/30/15)
Capitalizing on their history of success and baseball’s skyrocketing value as real-time TV, the Cardinals have reached a deal with Fox Sports Midwest that will guarantee the team more than $1 billion and assert for years to come their televised presence in a broad, devoted region.>> CLICK FOR MORE
Arch Grants’ startups stay successful—and most stay in St. Louis
(St. Louis Public Radio, 7/28/15)
Sparo Labs is a good poster child for where entrepreneurial spirit can take you in St. Louis. Co-founders Andrew Brimer and Abby Cohen went to Washington University together—Brimer is a St. Louis native, and Cohen moved from Michigan—and generated the idea for their product, the Wing, in their last year of college. >> CLICK FOR MORE
Confluence Life Sciences raises $2.4 million  
(St. Louis Business Journal, 7/27/15)
Confluence Life Sciences, a startup developing drugs to treat cancer and inflammatory diseases, has raised $2.4 million from a group of investors that includes BioGenerator, Mercury Fund, Epidarex Capital, Missouri Technology Corporation, the St. Louis Arch Angels and others. The money will be used to support clinical studies.e >> CLICK FOR MORE
Increased membership leads to higher profit at Centene
(St. Louis Business Journal, 7/28/15)
Managed health care provider Centene Corp. greatly expanded its membership, leading to higher second-quarter profit and revenue.Managed care membership rose to 4.6 million in the quarter, up 38 percent from the same period last year. Revenue totaled $5.5 billion, up from $4 billion, and profit increased 83 percent, to $88 million>> CLICK FOR MORE
SunEdison Inc. becomes official solar energy partner of NASCAR
(St. Louis Post-Dispatch, 7/30/15)
SunEdison Inc. has been named the "Official Solar Energy Partner of NASCAR Green," the Maryland Heights-based renewable energy development company and NASCAR announced Thursday.The goal of the partnership is to build on the expanded use of solar technology at race team shops and race tracks across the country. >> CLICK FOR MORE
BioGenerator among investors in health technology startup
(St. Louis Business Journal, 7/28/15)
TheEpharmix, a St. Louis-based health technology startup that creates condition-specific digital interventions for medical care, has raised $765,000 from a group of five investors. One investor is the BioGenerator. The rest of the investment group was not disclosed.>> CLICK FOR MORE
Nike decides on office space in Clayton
(St. Louis Business Journal, 7/24/15)
Nike has reached an agreement to take office space in Shaw Park Plaza, the 14-story office building at the corner of Forsyth and Brentwood boulevards in Clayton.Terms of the lease, which still hasn’t been signed, were not disclosed>> CLICK FOR MORE
Illinois American Water to invest $12 million in East St. Louis Water Treatment
(Illinois Business Journal, 7/15)
Illinois American Water’s Interurban District, which serves the communities of East St. Louis, Granite City, Belleville and surrounding areas, will invest approximately $12 million at the East St. Louis Water Treatment Plant to enhance operations.
The project began earlier this year and will continue into 2016..
Panera revenue rises 7% amid sales growth
(Market Watch, 7/28/15)
Panera Bread Co. said Tuesday that its revenue grew 7% in the June quarter as sales edged up at company-owned cafes. Shares rose about 7% in recent after-hours trading as the company indicated a strong start to the current quarter. >> CLICK FOR MORE
$4.2 million dental clinic comes to St. Charles
(St. Louis Business Journal, 7/24/15))
Crider Health Center has completed construction of a clinic in St. Charles that will house behavioral and dental services. The $4.2 million facility, located at 102 Compass Point Drive, requires approximately 60 staff members. Crider employs 520 workers, and its parent company, Compass Health Network, employs approximately 2,000>> CLICK FOR MORE
5 Up-and-Coming Smaller Markets
(National Real Estate Investor, 7/29/15)
The St. Louis saw a 126 percent increase in investment sales in the first six months of 2015, to about $1.6 billion. >> CLICK FOR MORE
Coldwell Banker Brown Realtors recognized for transactions
(Illinois Business Journal, 7/15)
Coldwell Banker Brown Realtors recently picked up three significant honors recognizing the company’s success in the real estate industry. RISMedia released its 2015 Power Broker Survey where Coldwell Banker Brown ranked in the top 500 based on transactions closed, coming in at 366 nationally. >> CLICK FOR MORE
Summer program at Harris-Stowe gives science students a boost
(St. Louis Public Radio, 7/27/15)
Some incoming freshmen at Harris-Stowe State University are getting their first taste of college life — and a crash course in math and science.Every summer, the Academy for Science & Mathematics provides up to 25 students with free room and board and a $1000 stipend. >> CLICK FOR MORE
25th annual Jobs Plus fair planned for September
(Illinois Business Journal, 7/15)
Employers in the St. Louis Metropolitan area are being invited to participate in Jobs Plus '15, a job fair to be held Thursday, Sept. 17, at the Gateway Convention Center in Collinsville. The 25th annual event will take place from 1 to 5 p.m. and registration is free.The event is coordinated by Madison County Employment and Training Department. >> CLICK FOR MORE
St. Louis youth get more than just jobs from summer job program 
(St. Louis Post-Dispatch, 7/26/15)
He starts each morning with a bus ticket and a business goal. Mahleek Dailey, 18, is the rider. He calls men “sir” and has a quiet, studious persona. At home, they call him “tech guy. >> CLICK FOR MORE
Rebound seen in construction, exports, startups
(The St. Louis American, 7/28/15)
The St. Louis Economic Development Partnership’s annual report outlines major developments and trends that significantly impacted the regional economy since its 2013 inception. St. Louis celebrated big wins in 2014 and the progress of many projects – Boeing’s 2,000 jobs announcement, Monsanto’s $450 million investment, a new developer for the former Chrysler site, and more than $45 million in grants via St. Louis County Port Authority’s Community Reinvestment Fund. >> CLICK FOR MORE
Developers say up to 500 jobs possible for Illinois 15 project
(Belleville News-Democrat, 7/29/15)
Up to 500 jobs could be created in the Hofbrauhaus, hotel, restaurant and sports complex planned for Illinois 15 across from the National Shrine of Our Lady of the Snows, developers said Tuesday. The combined value of the new developments could be worth up to $73 million. >> CLICK FOR MORE
SIUE introduces master’s in integrative studies
(Illinois Business Journal, 7/15)
Southern Illinois University Edwardsville is introducing a master’s in integrative studies that will be available for the fall 2015 semester. The Illinois Board of Higher Education approved the program during June. “Our society’s quickly changing pace is creating new career opportunities for individuals trained in multiple disciplines,” said Parviz Ansari, (left) provost and vice chancellor for Academic Affairs. “The master’s of integrative studies allows students to access expertise from two different areas and integrate courses into a degree that meets the students’ interests and demands of emerging career fields.” >> CLICK FOR MORE
SIUE awarded $1.5 million federal grant for East St. Louis clinic
(Illinois Business Journal, 7/15)
The Southern Illinois University Edwardsville School of Nursing has been awarded a $1.5 million, three-year grant from the Health Resources and Services Administration. The interdisciplinary grant provides funding for the School of Nursing, along with the SIUE Schools of Pharmacy and Dental Medicine, and the SIUE Department of Social Work, to greatly expand the scope of services provided at the WeCare Clinic on the East St. Louis campus. >> CLICK FOR MORE
Wells Fargo’s 15-year ride to $20 billion in loans
(St. Louis Business Journal, 7/31/15)
Paul Kalsbeek was running commercial lending for Commerce Bank in 2000 when he was approached by Wells Fargo, which was interested in starting a regional commercial lending office in St. Louis. He decided to go for it, even though Wells Fargo had no presence or reputation here and he would start with a loan portfolio of zero. “Day one, it was me and a cellphone,” Kalsbeek said. “I called my boss and asked him what he wanted me to do. He said, ‘We don’t know. We’ve never done it before.’ We were the first office outside of the Wells Fargo footprint.”>> CLICK FOR MORE
Creve Coeur company raises $7.3 million
(St. Louis Business Journal, 7/30/15)
Advanced ICU Care Inc., one of the nation’s largest providers of telemedicine for intensive care units, has raised more than $7.3 million from investors. The equity raise included investments from 13 investors, according to a filing with the Securities and Exchange Commission. Investors included Silicon Valley-based Trident Capital, San Francisco-based Versant Ventures, Michigan-based Arboretum Ventures and Toronoto-based Catalyst Capital, along with investments from Advanced ICU management. >> CLICK FOR MORE