• St. Louis Press Pass

    Oct 02, 2015
    SixThirty accelerator invests in 6 financial technology startups
    (St. Louis Business Journal, 9/29/15)
    SixThirty, the St. Louis startup accelerator that specializes in the financial services technology industry, has announced six new seed-stage companies that will each receive $100,000 investments in return for an equity stake. >> CLICK FOR MORE


    Atul Kamra, SixThirty managing partner
    St. Louis behind the curve when it comes to gender equity in business
    (St. Louis Post-Dispatch, 10/2/15)
    St. Louis ranks a lowly 24th among the nation’s top 25 metro areas in growth and “economic clout” of women-owned companies, according to a 2014 study by American Express. So, what’s the matter with St. Louis women? Or are St. Louis men the source of the problem? “It’s both,” says Jennifer Ehlen, and she has made fixing that inequity her new career.>> CLICK FOR MORE


    Jennifer Ehlen, CEO, Prosper Institute Prosper Capital Managing Partner
    Menards to build $29 million facility, hire over 120
    (St. Louis Business Journal, 9/29/15)
    Hardware and home improvement retailer Menard Inc. plans to invest $29.1 million into a new manufacturing and distribution facility in Sullivan, Missouri, creating 129 new jobs. The new facility will include concrete block and truss manufacturing and a cross-dock distribution building. >> CLICK FOR MORE  


    Home improvement retailer Menards
    WBJ
    ARCHETYPES: ALIVE MAGAZINE InterviewS JOE REAGAN 
    (Alive Magazine, 10/15)
    It might seem strange, but one of Joe Reagan’s biggest assets in his role is that he’s not a St. Louis native: Prior to moving here in 2012 to take on his current job, he was President and CEO of Greater Louisville, Inc., a metro chamber of commerce, after working his way up from Chief Operating Officer. Before that, he was Executive Vice President of the Rockford [Illinois] Chamber of Commerce. In short, he understands relocation and transition, which is critical when he’s working to attract corporations, small business owners and entrepreneurs to town. Issac Newton’s quote, “Men build too many walls and not enough bridges,” is found in his Twitter bio and encapsulates his belief that the key to success is for St. Louis’ many communities to come together as one. >> CLICK FOR MORE
    Sheila Sweeney tapped to head of St. Louis Economic Partnership
    (St. Louis Post-Dispatch, 10/2/15)
    The St. Louis Economic Partnership announced Friday the appointment of Sheila Sweeney as the chief executive officer of the joint agency promoting business growth in St. Louis City and St. Louis County. Sweeney has served as interim director of the partnership since June. >> CLICK FOR MORE
    Boeing-Lockheed venture lands $882 million contract
    (St. Louis Business Journal, 9/30/15)
    The Department of Defense has awarded United Launch Alliance, a joint venture between Boeing Co. and Lockheed Martin Corp., a $882 million contract to launch satellites for the U.S. Air Force.  >> CLICK FOR MORE
    Boeing wins $20 million Navy order for work in St. Louis
    (St. Louis Business Journal, 9/29/15)
    Boeing Co. has been awarded a $19.75 million contract from the U.S. Navy. The contract calls for Boeing to provide engineering and logistics support services to improve readiness, expand Interactive Electronic Technical Manual/Structural Repair Manual work packages, and maintenance planning for the F/A-18 and E/A-18G aircraft.>> CLICK FOR MORE
    Cybersecurity firm Norse lands investment from KPMG
    (St. Louis Post-Dispatch, 9/30/15)
    Norse, a cybersecurity firm that was founded in St. Louis, has landed a strategic investment from KPMG Capital, an affiliate of giant accounting firm KPMG International. >> CLICK FOR MORE
    SLU begins construction of second residence hall
    (St. Louis Post-Dispatch, 10/2/15)
    What until Wednesday night was a parking lot is now the construction site for a $71 million student residence hall at St. Louis University. It will be the second building in a pair of dorms that the university is constructing. >> CLICK FOR MORE


    Rendering of SLU residence hall near South Grand and Laclede
    Saint Louis University enrolls first U.S. patient in rare heart disease trial, genetic mutation impacts an estimated 40,000 people worldwide
    (St. Louis American, 9/28/15)
    Earlier this year, investigators at Saint Louis University enrolled the first U.S. patient in a worldwide Phase 3 clinical trial of a medication to treat patients who have a rare form of heart failure due to a gene mutation. The mutation results in transthyretin (ATTR)-mediated familial amyloidotic cardiomyopathy (FAC).>> CLICK FOR MORE
    New Test to Detect Viruses in Humans and Animals
    (KMOX, 9/30/15)
    A new test developed at Washington University has the ability to detect all viruses that infect people and animals. Currently it is a research tool and not a diagnostic ready for everyday medical use. Lead researcher Dr. Gregory Storch at Wash U says that it could be used one day in the future.>> CLICK FOR MORE
    Workforce Campaign Kicks Off
    (Construction Forum STL. 9/29/15)
    With 1,500 job openings expected in the manufacturing sector in Southwestern Illinois in the next five years, and an additional 1,200 jobs opening up in the trades, regional leaders today gathered to announce the launch of a marketing and outreach initiative to link today’s high school students to the career opportunities that lie ahead. Being led by the Madison-Bond and MidAmerica workforce investment boards, in collaboration with a variety of partners, the two-pronged campaign theme is Manufacture Your Future/Craft Your Future – A Career that Pays in Southwestern Illinois.>> CLICK FOR MORE
    Trade & Investment Council Formed
    (Alton Daily News, 9/29/15)
    With a meeting last week at SIUE, the Southwestern Illinois Trade and Investment Council has been launched. Bringing together 15 private sector exporters, the county board chairmen of Madison and St. Clair counties; two regional port representatives, three regional airport representatives, a freight forwarder and two banking representatives, the council hopes to provide a shot in the arm for commerce and job growth in the region. >> CLICK FOR MORE
    $2.36m grant to support rail project at America's Central Port
    (Illinois Business Journal, 10/15)
    U.S. Sen. Dick Durbin, D-Ill., today announced that the U.S. Department of Commerce’s Economic Development Administration has awarded $2,368,520 in funding to America’s Central Port District in Granite City to create jobs and aide the construction of critical infrastructure. The project is expected to support 250 local jobs and leverage up to $6.5 million in private investment. >> CLICK FOR MORE
    Cathedral Square completed in Belleville
    (St. Louis Post-Dispatch, 9/29/15)
    Construction is completed at Cottages at Cathedral Square, a $6 million development of 32 affordable senior apartments near downtown Belleville. >> CLICK FOR MORE
    St. Louis Construction Industry Leadership Honored
    (Construction Forum STL, 9/29/15)
    St. Louis Construction Cooperative (formerly PRIDE of St. Louis Inc.) is honoring leadership in the St. Louis construction industry. At its eighth annual awards luncheon on August 27, 2015, the venerable labor-management organization saluted Monsanto which is currently investing $400 million to expand its research facilities in Chesterfield, MO. Monsanto received the 2015 Industry Impact Award. >> CLICK FOR MORE
    Harvard students look for ways to improve MLK Drive in St. Louis as model for rest of nation
    (St. Louis Post-Dispatch, 9/28/15)
    For 17 years, Karen Bryant has watched her beloved neighborhood along Martin Luther King Drive deteriorate. Bryant, who does alterations from a storefront along King, can recite a long list of flourishing businesses that used to line the street. They all left. Now she’s left sandwiched between two vacant buildings.>> CLICK FOR MORE
    Webster University Hosts Groundbreaking for Interdisciplinary Science Building
    (Construction Forum STL, 9/24/15)
    Webster University took a significant step toward the future today. A groundbreaking ceremony was held at 11:30 a.m. today (Sept. 9) for the Interdisciplinary Science Building (ISB), a construction project that will triple the number of science labs on campus, support greater academic collaboration, and position the University to meet the region’s employment needs for decades to come.  >> CLICK FOR MORE
    What are we waiting for?
    (St. Louis American, 9/30/15)
    When an Education Salute gala feels most down-home, most familial, it feels like what our inimitable emcee Carol Daniel, the KMOX news anchor, likes to call “our thing.” Carol is a thought leader and inspirational figure in our community, and she knows that we need “our thing,” or what the black millennials call “black spaces,” where we can celebrate in our own ways. >> CLICK FOR MORE
    Metro East SBDC chosen to host 'InnovateHer' business competition
    (Illinois Business Journal, 9/15)
    The U.S. Small Business Administration has selected the Illinois Metro East Small Business Development Center at Southern Illinois University Edwardsville as a local host organization for its “Innovating for Women” business competition.>> CLICK FOR MORE
    SIUE School of Engineering gets accreditation through 2021
    (Illinois Business Journal, 9/15)
    The Southern Illinois University Edwardsville School of Engineering’s programs have received continued accreditation by the Accreditation Board for Engineering and Technology through as far as 2021. School officials say it's the result of a rigorous process that requires years of data collection and continuous improvement based on self-assessment. The school and each program do a comprehensive self-study, which is followed by a campus visit from a team of experts.>> CLICK FOR MORE
    9 STL area schools honored as Blue Ribbon Schools
    KSDK, 9/29/15)
    Eight Missouri public schools have been honored as 2015 Blue Ribbon Schools, and seven of them are in the St. Louis area. Two private schools in the St. Louis area have also received the honor. >> CLICK FOR MORE
    Madison County awards Block Grant scholarships to students
    (Illinois Business Journal, 10/15)
    Madison County Community Development announced it has awarded Community Services Block Grant scholarships to 14 county students. The CSBG Scholarship Program helps low-income Madison County residents finance higher education. Students enrolled in an Illinois college, university or vocational training program may qualify for a $1,500 CSBG Scholarship. Funds can be applied toward tuition, study-related fees and books. Individual scholarships are based on a student’s financial need. >> CLICK FOR MORE
    Ferguson 1000, SLATE to host job fair
    (St. Louis Business Journal, 9/25/15)
    Ferguson 1000 and the St. Louis Agency on Training and Employment (SLATE) are sponsoring a Ferguson 1000 Jobs Hiring Event, "Empowerment Through Employment and Entrepreneurship," on Oct. 17, from 9 a.m. to noon at St. Louis Community College-Forest Park, 5600 Oakland Ave.>> CLICK FOR MORE
    In Ferguson, using chess to empower youth
    (St. Louis Post-Dispatch, 9/29/15)
    In the year since the death of Michael Brown and the civil unrest that followed, the city of Ferguson has worked hard to repair its community fabric and rebuild a sense of safety and trust among its government, businesses, schools and other institutions. >> CLICK FOR MORE
    Youth job program returning to Ferguson
    (KSDK, 9/30/15/)
    Youth, aged 16 to 23, can apply for jobs through STL Youth Jobs-Ferguson Forward. The program funded by Emerson has returned for its second year to place more than 100 youth in positions from December 2015 to April 2016. >> CLICK FOR MORE
    Stay Tuned: Immigration Issues
    (Nine Network of Public Media (10/2/15)
    The Syrian civil war has displaced millions of refugees seeking a safe home. St. Louis was that safe place for thousands of Bosnians escaping genocide in their own country 25 years ago. Could we once again open our arms and welcome a new wave of refugees to our region? To Ed Martin from Phyllis Schlafly’s Eagle Forum, the answer is no. “America is the most generous group of people in the history of people,” he says in tonight’s Stay Tuned, airing at 7:00 p.m. on Nine PBS.  >> CLICK FOR MORE
  • St. Louis Press Pass

    Sep 25, 2015
    St. Louis angel investors among most active in Midwest
    (St. Louis Business Journal, 9/24/15)
    Two angel investor groups based in St. Louis are among the most active in the region, according to a new report from the Angel Resource Institute (ARI). The ARI’s Halo Report found the St. Louis Arch Angels and Saint Louis University’s Billiken Angels Network were two of the top three most active angel groups (for number of deals) in the Great Plains region — made up of Missouri, Oklahoma, Kansas, Nebraska, Iowa, Minnesota, North Dakota and South Dakota — since 2011. >> CLICK FOR MORE


    Gil Bickel, chairman of the St. Louis Arch Angels
    Tech firm Square to open St. Louis office, hire 200
    (KSDK, 9/23/15)
    The company Square has opened an office in St. Louis and plans to hire more than 200 people over the next five years, offering a big boost to the effort to make St. Louis a Midwest hub for tech businesses. >> CLICK FOR MORE

    Medical device firm Veran raises $30.6 million
    (St. Louis Post-Dispatch, 9/24/15)
    Veran Medical Technologies, an Overland-based company developing devices for diagnosing and treating lung cancer, has raised $30.6 million from a group of venture capital funds. >> CLICK FOR MORE
    Stadia Ventures raises more than $1 million
    (St. Louis Business Journal, 9/22/15)
    Officials with Stadia Ventures have raised more than $1 million, as the startup accelerator looks to focus on early stage sports companies. The $1.06 million came from seven investors, according to a federal filing, with Stadia officials looking to raise a total of $5 million. >> CLICK FOR MORE
    University of Illinois, Washington University among top schools for venture-backed entrepreneurs
    (St. Louis Business Journal, 9/25/15)
    Two regional colleges — the University of Illinois and Washington University — have been ranked by PitchBook as two of the top universities for venture capital-backed entrepreneurs. The list is sorted by total number of entrepreneurs a university has produced from the start of 2010 through the end of July 2015. >> CLICK FOR MORE
    Mack tapped as co-chair of Greater St. Louis Financial Forum
    (St. Louis Post-Dispatch, 9/25/15)
    Mary Mack, president of Wells Fargo Advisors, has been named co-chair of the Greater St. Louis Financial Forum. Mack succeeds Jim Weddle, managing partner, Edward Jones Investments and founding co-chair of the forum. The forum is a CEO-led industry roundtable that aims to promote and expand the region’s financial services industry. >> CLICK FOR MORE
    Enzymes firm lands breakthrough deal in ag industry
    (St. Louis Post-Dispatch, 9/25/15)
    Brian and Katie Thompson took an unusual path into the agriculture industry, but the destination is starting to look lucrative.The Thompsons’ company, Elemental Enzymes, recently signed a collaboration agreement with Bayer, the giant German company that’s among the world leaders in seeds and crop protection. It’s a breakthrough deal for the 15-person firm, which grew out of Brian Thompson’s postdoctoral research at the University of Missouri. >> CLICK FOR MORE
    Washington U. to host Presidential debate in 2016
    (KMOV, 9/23/15)
    Washington University has been selected to host one of three presidential debates in 2016. The university will host the debate on October 9.>> CLICK FOR MORE


    (Credit: Washington University / Twitter)
    DOL Official: STL Has ‘Secret Sauce’
    (Construction Forum STL, 9/22/15)
    When it comes to workforce development, St. Louis has all the right elements in place, according Deputy Secretary of Labor Christopher Lu. “You have accountability, transparency, and collaboration,” he told a roundtable discussion at the Carpenters Joint Apprenticeship Program training facility in Affton. >> CLICK FOR MORE
    Ground Breaks for Multi Modal Center
    (WBGZ Radio, 9/21/15)
    Yesterday marked the beginning of a new wave of transportation, including a higher speed rail, to not only the River Bend but to the county and the state. Ground was broken yesterday morning on the Multi Modal Transportation Center on Golf Road in Alton. The city has been getting the paperwork in order for the project for a number of years.>> CLICK FOR MORE
    A-B InBev buys largest craft brewer in Los Angeles
    (St. Louis Business Journal, 9/23/15)
    As Anheuser-Busch InBev officials mull a pitch to buy SABMiller, creating a $245 billion brewing giant, the company is beefing up its craft portfolio with Los Angeles-based Golden Road Brewing. Terms of the deal, which is expected to close by the end of the year, were not disclosed. Gold Road is the largest craft brewery in Los Angeles County; the brewery expects to sell approximately 45,000 barrels of beer in 2015. >> CLICK FOR MORE
    City Welcomes New Businesses
    (WBGZ Radio, 9/23/15)
    The Wood River City Council is looking forward to the opening of more new businesses across town. While there hasn’t been a lot of new construction recently, several old buildings are being repurposed as entrepreneurs are giving the Wood River area a try. >> CLICK FOR MORE
    Illinois business among BBB's Torch Award winners
    (Illinois Business Journal, 9/15)
    Better Business Bureau serving Eastern Missouri and Southern Illinois will present Torch Awards to 11 businesses and two charities and Student of Ethics awards to four students at a luncheon at noon Friday, Nov. 13, at the Chase Park Plaza in St. Louis. "To succeed in today's business environment, businesses need be ever more connected to their customers and, at the same time, continue to earn their highest level of trust," said William L. White, BBB board chair and senior vice president of Commerce Bank. "Our Accredited Businesses and Charities have met those challenges, and the Torch Award recipients for 2015 reflect some of the best examples we can offer in terms of their exceptional service and ethical interaction with those with whom they come in contact.">> CLICK FOR MORE
    SIUE Morris University Center staff recognized internationally
    (Illinois Business Journal, 9/15)
    Two Morris University Center staff members have been acknowledged for their continuous work at Southern Illinois University Edwardsville. Cathy Passananti, the center's associate director, and Jamie Matthews, assistant director, have for several years directed their efforts in improving the programming, student initiatives and more at the center.>> CLICK FOR MORE
    New SLU scholarship honors Jesuit saint
    (St. Louis American, 9/24/15)
    Saint Louis University has established the new St. Peter Claver, S.J., Service Endowed Scholarship. The new scholarship is designed to assist first-generation, full-time freshmen from an urban setting who have financial need and foster a love of community service.>> CLICK FOR MORE
    Fed survey finds businesses upbeat about local economy
    (St. Louis Post-Dispatch, 9/22/15)
    Nearly two-thirds of St. Louis area business people say economic conditions here are improving, a survey by the St. Louis Federal Reserve Bank finds.That is a "noticeable improvement" over the past few months, the Fed's Burgundy Book report says. In May, slightly more than half of survey respondents said the local economy was getting stronger. >> CLICK FOR MORE
    St. Louis ranks third for rate of homeownership
    (St. Louis Post-Disptach, 9/22/15)
    Affordable Midwestern cities have higher rates of homeownership than their coastal competitors, a new report shows, and St. Louis ranks near the top.>> CLICK FOR MORE
    St. Louis home sales, prices and starts outpace the U.S.
    (St. Louis Business Journal, 9/24/15)
    The Federal Reserve Bank had quite a bit of good news about St. Louis this week. In the second quarter, growth of home sales, house prices and building permits in the St. Louis metropolitan area outpaced the nation and other areas of the St. Louis Fed district, which includes Arkansas and parts of six other states. Mortgage loan delinquency rates here fell significantly, to the lowest level since 2007.>> CLICK FOR MORE
    $49 Million Luxury Apartments Coming to West St. Louis County
    (Construction Forum STL, 9/21/15)
    A long dormant tract of land in the heart of West St. Louis County is awakening with the construction of a new $49 million luxury apartment with numerous amenities. The Residences at Sunset Ridge is a joint venture project by TriStar Properties and Propper Construction Services. The 254-unit apartment is emerging on an 11-acre track northwest of I-270 and Manchester Road along Des Peres Road. It is the largest project being built within a $100 million mixed-use development that will also feature an assisted living facility, office and a planned hotel. Residences at Sunset Ridge will open late summer 2016. >> CLICK FOR MORE
    St. Louis Children’s Hospital receives grant from Hyundai for cancer research
    (KTVI, 9/22/15)
    St. Louis Children`s Hospital will be able to further its research in fighting childhood cancer thanks to a generous grant Tuesday from Hyundai. Children`s received a $250,000 grant from the philanthropic branch of the Hyundai car company called Hyundai Hope on Wheels. >> CLICK FOR MORE
    Mississippi River economic impact twice the expectation, mayors conclude
    (Illinois Business Journal, 9/23/15)
    A Mississippi River mayors group, which includes two from Metro East, says that revenue generated by the river is $405 billion, supporting 1.3 million jobs — significantly higher than anticipated. More than two dozen river mayors were in Dubuque attending a three-day meeting this week for the Mississippi River Cities & Towns Initiative, a mayoral-led effort comprised of 68 mayors committed to creating a coordinated voice for the Mississippi River.>> CLICK FOR MORE
    What’s the big deal? IKEA is
    (BND Magazine, 9/24/15)
    The vastness of the new IKEA in St. Louis was hard to envision as I stood on the parking lot Wednesday. Two hours later, my tired feet knew just how big it was: 380,000 square feet (about six football fields) filled with display rooms (46), full model homes (three), a kids’ playland that looked like a cartoon Swedish forest, a cafeteria (seating for 450) and the warehouse. >> CLICK FOR MORE
    Fred Weber acquires concrete pipe businesses from J.H. Berra
    (St. Louis Business Journal, 9/23/15)
    Fred Weber Inc. has acquired two businesses that manufacture concrete pipes from J.H. Berra Construction. The acquisition of Beco Concrete Products and Independent Concrete Pipe adds a new product to Weber's portfolio. Beco's customers include the Missouri and Illinois departments of transportation and the Metropolitan St. Louis Sewer District.>> CLICK FOR MORE
    A-B acquiring LA's Golden Road Brewing
    (St. Louis Post-Dispatch, 9/23/15)
    Golden Road Brewing, the largest craft brewery in Los Angeles County, is being acquired by Anheuser-Busch. Golden Road Brewing will join A-B's high-end business unit that includes other craft brewers acquired across the country — Goose Island Beer Co., Blue Point Brewing, 10 Barrel Brewing and Elysian Brewing. Last month, A-B announced its Goose Island subsidiary is acquiring a majority stake in Michigan-based Virtue Cider.  >> CLICK FOR MORE
    Pagedale to see new movie theatre and health services in community
    (KTVI, 9/22/15)
    If all goes as planned, Pagedale could see revitalization along Page and Ferguson Avenue around the 6800 block for a project called Pagedale Town Center. The project is the brain child of Beyond Housing, a developer of affordable housing. The non-profit became a commercial developer in 2010 with the construction of a Save-A-Lot grocery store that now serves the low income of Pagedale and the surrounding communities.. >> CLICK FOR MORE
    Stay Tuned: Forward Through Ferguson
    (Nine Network of Public Media, 9/25/15)
    The Ferguson Commission released its “unflinching” report last week with many calls to action. Members of the commission insist the report won’t just collect dust on a shelf and noted that the hard work fixing issues that have plagued our region for years is just beginning. Tonight at 7:00 p.m. on Stay Tuned on Nine PBS, two Ferguson Commission members discuss their work. Rasheen Aldridge and Sgt. Kevin Ahlbrand seemingly couldn’t come from farther apart in terms of their viewpoints but ended up being friends and working together to do the hard work on the commission. They built a friendship from the unlikeliest circumstances. Says Aldridge about Ahlbrand: “He wasn’t the first person I wanted to have coffee with, but I do appreciate Kevin for extending that handout. It was something that at the beginning really changed the outcome of our relationship.” Adds Ahlbrand about Aldridge, “Reforming broken relationships and creating new ones is the key for all this to begin.” >> CLICK FOR MORE
    Boutique burned to ground in Ferguson unrest to get $20,000 gift before reopening
    (St. Louis Post-Dispatch, 9/22/15)
    Juanita's Fashions R Boutique, burned to the ground in the Ferguson unrest last November, will get a financial boost Tuesday from Phi Beta Sigma Fraternity Inc. The group will give $20,000 to fuel the store as it prepares to reopen in a new spot.>> CLICK FOR MORE
    Beyond the report: Ferguson Commission seeks applications for group that would follow its work
    (St. Louis Public Radio, 9/22/15)
    The Ferguson Commission is looking for a group that will help follow through with its policy recommendations. The commission’s final report called for major changes to the region’s health care, education and policing policies. And since the commission is set to expire on Dec. 31, Commissioners want to find an existing organization that will monitor efforts to implement those ideas.  >> CLICK FOR MORE