St. Louis Press Pass

by St. Louis Regional Chamber | Mar 25, 2016
Federal Reserve sees pay raises ahead for the St. Louis region
(St. Louis Post-Dispatch, 3/24/16)
Chances for a “modest” pay raise are good around around here, according to the latest pulse-read on the regional economy from the Federal Reserve Bank of St. Louis. >> CLICK FOR MORE
Laclede Group renaming gas utility company Spire
(St. Louis Post-Dispatch, 3/24/16)
The Laclede Group, a staid natural gas utility that has served the St. Louis region for more than 150 years, isn't the company it used to be>> CLICK FOR MORE
Bunge plans headquarters move to Chesterfield
(St. Louis Post-Dispatch, 3/23/16)
Bunge North America plans to add jobs and move its headquarters from a Maryland Heights office park to a high-visibility site next to Highway 40 (Interstate 64) in Chesterfield. >> CLICK FOR MORE
St. Louis Housing Market Remains Hot
(CBS St. Louis, 3/23/16)
A few months ago, KMOX reported that the chief economist at predicted St. Louis would be the nation’s second hottest housing market in 2016. According to the CEO of the St. Louis Association of Realtors, that prediction is on its way to becoming true. >> CLICK FOR MORE
St. Charles County retail sales top $5.6 billion
(St. Louis Business Journal, 3/23/16)
Annual retail sales in St. Charles County hit a record high in 2015, topping $5.6 billion. >> CLICK FOR MORE
World Wide Technology wins share of $5 billion Army contract
(St. Louis Business Journal, 3/23/16)
World Wide Technology, St. Louis’ second-largest privately held company with $7.4 billion in annual revenue, has been named a prime contractor for the U.S. Army’s ITES-3H contract (Information Technology Enterprise Solutions-3 Hardware), a five-year, $5 billion project. >> CLICK FOR MORE
Midwest BankCentre to Buy Bremen Bank in Missouri
(American Banker, 3/15/16)
Midwest BankCentre in Lemay, Mo., has agreed to buy Bremen Bank & Trust in Hazelwood, Mo. The $1.6 billion-asset Midwest did not disclose the price of the all-cash deal, which is expected to close midsummer. >> CLICK FOR MORE
MedAware gets $2.2 million with even more on the way
(St. Louis Business Journal, 3/25/16)
MedAware Solutions, a company founded by officials at Coolfire Solutions and California-based Cedars-Sinai Health System, has raised more than $2.2 million from a group of investors that includes the BioGenerator, the Saint Louis University Billiken Angels Network, Coolfire, the Missouri Technology Corp. and others. >> CLICK FOR MORE
10 St. Louis startups pitching at InvestMidwest
(St. Louis Business Journal, 3/22/16)
As many as 45 startup companies are set to pitch at this year’s InvestMidwest Venture Capital Forum, which brings together hundreds of venture capital and angel investors each year.  >> CLICK FOR MORE
Centene completes Health Net deal after protracted review
(Modern Healthcare, 3/24/16)
It took almost two months longer than expected, but Medicaid insurer Centene Corp. finally closed on its Health Net deal after winning approval from skeptical California regulators. The value of the deal, including debt, has been revised to $6 billion. >> CLICK FOR MORE
After canceling IPO, EndoStim raises $11 million from investors
(St. Louis Business Journal, 3/25/16)
EndoStim, the St. Louis-based medical device maker that earlier this year canceled plans to go public, has raised more than $11 million from a group of undisclosed investors, according to documents filed with the Securities and Exchange Commission. >> CLICK FOR MORE
Adarza to enter the market following $5 million raise
(St. Louis Business Journal, 3/25/16)
Life Science startup Adarza BioSystems announced a $5 million funding round earlier this week that should help the company commercialize its technology, which can identify proteins and genetic markers in medical samples such as blood. >> CLICK FOR MORE
SSM opens new $10 million outpatient center in Wentzville
(St. Louis Business Journal, 3/24/16)
A new $10.4 million outpatient health facility is now open in Wentzville, SSM Health announced Thursday.  >> CLICK FOR MORE
Chesterfield company makes list of great places to work in health care
(St. Louis Business Journal, 3/22/16)
One local company made the cut for the 2016 edition of “150 Great Places to Work in Healthcare” from Becker’s Healthcare. >> CLICK FOR MORE
Monsanto Said to Seek Crop Chemicals Deals With BASF, Bayer
(Bloomberg Business, 3/10/16)
Monsanto approached its preferred partner BASF about buying its crop-science business as well as forging partnerships, said the people, who asked not to be identified because deliberations are private. No agreement was reached with the Ludwigshafen, Germany-based firm, one of the people said.  >> CLICK FOR MORE
Harbour Group adds two firms to growing portfolio
(St. Louis Business Journal, 3/25/16)
Harbour Group, a Clayton-based portfolio company, made two acquisitions this week as it bought Pennsylvania pharmaceutical packaging firm PennTech Machinery Corp. and Camus Hydronics Ltd., a Mississauga, Ontario designer and manufacturer of condensing hydronic boilers and water heaters. >> CLICK FOR MORE
Wash. U School of Medicine launching Institute for Informatics
(The Source, 3/21/16)
To support the growing need to manage and harness big data, Washington University School of Medicine in St. Louis is launching an Institute for Informatics and has named its first director. >> CLICK FOR MORE
McKee plans gas station, food market north of downtown
(St. Louis Business Journal, 3/23/16)
NorthSide Regeneration on Wednesday revealed plans for a gas station and food market near Tucker Boulevard and 13th Street north of downtown St. Louis. >> CLICK FOR MORE
Fairview Heights to build recreation center, future of U.S. Ice complex still in limbo
(Belleville News-Democrat, 3/21/16)
The city of Fairview Heights plans to build a new $12 million recreation center that will open in time for the town’s 50th anniversary in 2019. >> CLICK FOR MORE
St. Louis Community College initiative addresses challenges African-American men face in college
(St. Louis Public Radio, 3/22/16)
A large body of study has amassed over the past 20 years looking critically at enrollment, retention and persistence rates of African-American men in higher education. The statistics are startling. Enrollment numbers are dwindling, with African-American male college enrollment around 34 percent, compared with 39 percent of African-American women. >> CLICK FOR MORE
Madison County Community Development partners with Ameren Illinois to support residents
(Metro East Sun, 3/14/16)
Madison County Community Development is partnering with Ameren Illinois to provide $55,000 in grant funding to county residents' energy bills. >> CLICK FOR MORE
Baseball's Most Valuable Teams
(Forbes, 3/23/16)
In baseball, the pecking order of team values has more to do with what goes on outside the ballpark than the number of fans that come through the turnstiles, buy beer or rent a party suite at the game. >> CLICK FOR MORE