• St. Louis Press Pass

    Aug 07, 2015
    Startup Connection ’15 Set for November 18 at Washington University
    (Accelerate St. Louis, 8/6/15)
    Startup Connection ’15, the St. Louis region’s largest event focused on innovation and entrepreneurship, will be held November 18, on the campus of Washington University in St. Louis. Startup Connection is the anchor event for Global Entrepreneurship Week, capping a week of activities across the St. Louis region. The event is presented by top sponsor Accelerate St. Louis – a collaborative of regional leaders committed to driving the growth of St. Louis’ regional entrepreneurial movement, connecting and supporting entrepreneurs, and raising awareness of the region’s innovation throughout the world.
    Retired Wells Fargo Exec to Help Ex-Convicts
    (Barron’s, 8/1/15)

    Danny Ludeman at Covenant Theological Seminary. Photo: Paul Nordmann for Barron’s

    For Danny Ludeman, God’s call came in the form of a letter. In the fall of 2013, Ludeman, then 56, announced he would step down after 15 years as CEO of St. Louis–based Wells Fargo Advisors. In a subsequent interview with the local press, he mentioned that after leaving Wells, he wanted to spend 100% of his time “helping other people,” perhaps by running a nonprofit organization. As you might expect, his mailbox was flooded with offers. But one in particular caught his eye.>> CLICK FOR MORE
    (St. Louis Post-Dispatch, 8/5/15)

    Fair St. Louis fireworks light up the St. Louis skyline on Thursday, July 4, 2013.
    This picture was shot from the roof of the Pierre Chouteau building in 4400 Lindell Blvd.
    Photo by David Carson, dcarson@post-dispatch.com

    Economists at PNC Bank have a cheery view of the St. Louis economy, forecasting more jobs and rising household income over the next couple of years. “For the first time since the recovery from recession began, St. Louis is enjoying steady job growth and labor force gains across the majority of its economic base,” the bank’s economists said. >> CLICK FOR MORE
    St. Louis named top hotspot for entrepreneurial students
    (St. Louis Business Journal, 8/5/15)

    Saint Louis University
    St. Louis is among the nation’s top cities for entrepreneurial college programs. In fact, there’s no city in the United States that’s better, according to The Princeton Review. In its annual rankings of all things college, The Princeton Review rated Washington University as the 16th and Saint Louis University 23rd among all college entrepreneurial programs. >> CLICK FOR MORE
    NGA in North St. Louis
    (Stay Tuned, 7/30/15)
    A video from Nine Network on the National Geospatial-Intelligence Agency in North St. Louis. >> CLICK FOR MORE
    Evogene’s work on insect control genes advances to St. Louis
    (St. Louis Business Journal, 8/4/15)
    Evogene Ltd., a biotech company that has partnered with Monsanto for nearly a decade, announced Tuesday it has completed the discovery round for microbial genes with insecticidal properties.Those genes will be validated against target insects at the company’s R&D site in St. Louis, with that phase to be completed next year, officials said. Inserted into a target crop, such genes and their insecticidal traits protect plants from certain harmful insects.>> CLICK FOR MORE
    ISTO Technologies wins $1.2 million grant
    (St. Louis Business Journal, 8/4/15)
    ISTO Technologies, a privately-held orthobiologics company working to develop ways to repair and regenerate damaged or injured cartilage and bone, has won a Small Business Innovation Research (SBIR) grant from the National Institutes of Health that is worth up to $1.2 million. The money will be used to help fund pre-clinical research for the application of their biosynthetic scaffold, called InQu, which repairs chondral defects. >> CLICK FOR MORE
    Intel: Inside the St. Louis-Israel Innovation Connection
    (Alive St. Louis, 7/24/15)
    If you haven’t yet heard how St. Louis and Israel are connected, you’re not necessarily behind. The formal initiative, forged just last year as BioSTL’s St. Louis-Israel Innovation Connection (SLIIC), brings Startup Nation and our slice of Silicon Prairie together for mutually beneficial business collaborations.  >> CLICK FOR MORE
    Cofactor Genomics now backed by Y Combinator
    (St. Louis Business Journal, 8/3/15)               
    Cofactor Genomics, a DNA and RNA sequencing service that operates out of the Cortex innovation district, is now a Y Combinator-backed startup. As part of the deal, Cofactor is receiving a $120,000 investment from Y Combinator, the Silicon Valley-based accelerator that is widely considered to be the best in the world for early stage companies, in exchange for a 7 percent equity stake in the company.>> CLICK FOR MORE
    Fenton, Missouri-Based Mid America Logistics Expands Freight Services
    (Area Development, 8/5/15)
    Fenton, Missouri-based Mid America Logistics continues to expand its rapidly-growing logistics company that provides freight brokerage and asset-based freight services. “Mid America Logistics’ growth has come from capitalizing on our niche in the freight industry with excellent talent, proprietary software and an operating model engineered to provide a robust and great customer experience,” said Mid America Logistics’ Martin Brading. >> CLICK FOR MORE
    Community Health Systems to spin off four Southern Illinois hospitals, among others
    (Illinois Business Journal, 8/4/15)
    Community Health Systems, Inc. has announced plans to create a new publicly traded hospital company by spinning off to stockholders a group of 38 hospitals, including four in Southern Illinois. Also to be spun off as part of the arrangement is Quorum Health Resources, LLC, a hospital management and consulting business. The new company will be named Quorum Health Corporation to leverage the existing strength of the Quorum brand, the company said. The spin-off is intended to be tax-free to Community Health Systems and its stockholders and is expected to be completed in the first quarter of 2016.>> CLICK FOR MORE
    10 STL Contractors Make ENR List
    (Construction Forum STL, 8/4/15)
    Ten firms either based in St. Louis or with strong St. Louis connections were included in Engineering News-Record’s June 20, 2015 list of the Top Midwest contractors. >> CLICK FOR MORE
    Impact Completes Granite City Green Community
    (Construction Forum STL, 8/4/15)
    Construction-management firm IMPACT Strategies has completed constructing the second phase for the federally-funded Granite City Green Communities project, a nearly $4 million multifamily development located at Nameoki Road and Edwards Street in Granite City, Illinois. The Granite City Housing Authority hired Impact Strategies to lead construction of the project, which began last August and wrapped up at the end of July. >> CLICK FOR MORE
    AFL-CIO Invests $46 million in Multifamily
    (Construction Forum STL, 8/3/15)
    The AFL-CIO Housing Investment Trust (HIT) announced today that it is providing $46 million in financing for two multifamily developments in the greater St. Louis area. Cardinal Ritter Senior Services’ St. John Neumann Apartments in Jennings, Missouri, and The Heights at Manhasset Apartments in Richmond Heights, Missouri, will provide 381 units of multifamily housing. >> CLICK FOR MORE
    Black-owned WA Architects has designs on St. Louis
    (The St. Louis American, 7/30/15)
    For the last several years, WA Architects, a Cincinnati-based black-owned architectural firm, developed a strong focus on health care design, with projects in its hometown, in Pittsburgh and with Washington University Medical Center here in St. Louis. As its focus sharpened, WA hired architects who specialize in health care design from across the nation in order to grow its business. Two years ago, WA expanded from two locations in Ohio to open a third office in downtown St. Louis, based in part on its ongoing work with the BJC campus renewal project>> CLICK FOR MORE
    Saint Louis U. lowers tuition for first responders
    (AP Press & Fox2Now, 8/6/15)
    Saint Louis University will offer a reduced tuition rate for first responders seeking to pursue bachelor’s degrees or certificates in the university’s School of Professional Studies.The university says the reduced rate of $400 per hour is effective for the fall term, which begins Aug. 17. The rate, more than $200 below the normal hourly rate, is available for both new and returning professional studies students. >> CLICK FOR MORE
    Prosper startup accelerator wins another grant from SBA
    (St. Louis Business Journal, 8/5/15)
    Prosper Capital, the St. Louis-based startup accelerator for women-owned businesses, was awarded a $50,000 grant from the U.S. Small Business Administration. The grant was announced Tuesday at the White House as part of White House Demo Day. https://www.whitehouse.gov/demo-day Prosper is led by Jennifer Ehlen and is a nonprofit organization that oversees the Prosper Institute. The organization is designed to train and mentor women in the entrepreneurial community. Its for-profit division, Prosper Capital, oversees Prosper’s angel investor network and the accelerator. >> CLICK FOR MORE
    University program seeks to grow young scientists
    (St. Louis Post-Dispatch, 8/3/15)
    Seventeen high school students have spent the past eight weeks working alongside mentors at Washington University’s medical campus, part of a program designed to attract more young women and minorities to science disciplines at colleges and universities. The St. Louis Post-Dispatch reports that in addition to mentoring, Washington University’s Young Scientist Program pays students $2,500 and provides instruction on applying for college and financial aid.>> CLICK FOR MORE
    Nixon announces $1M set to help at-risk St. Louis students
    (Fox2Now, 8/5/15)
    About $1 million in Missouri taxpayer money is set to go to an education nonprofit tasked with helping at-risk St. Louis youth.
    Gov. Jay Nixon on Wednesday announced the money from the Department of Public Safety will pay for an AMIkids Inc. pilot program 
    Gateway Arch to celebrate 50 years
    (KSDK, 8/6/15)
    On October 28 the Arch will celebrate its 50 years of existence, and multiple organizations are planning celebrations for the landmark's landmark birthday.>> CLICK FOR MORE
    A-B invests in HBCU students
    (The St. Louis American, 8/6/15)
    Thirty college students from across the country came to St. Louis from July 23-25 for the fourth annual Anheuser-Busch Legends of the Crown leadership symposium, where they accepted $150,000 in scholarships while participating in workshops on career planning and leadership development. Legends of the Crown, a program Anheuser-Busch created in partnership with the United Negro College Fund (UNCF), is an investment in the development of the next generation of leaders at Historically Black Colleges and Universities (HBCUs). Each student received a $5,000 scholarship. >> CLICK FOR MORE
    Higher Education: SWIC to partner with SIUC to offer aviation classes
    (Belleville News-Democrat, 8/5/15)
    Southern Illinois University Carbondale will offer its bachelor of science degree in aviation management through off-campus classes at Southwestern Illinois College in Belleville beginning this month. >> CLICK FOR MORE
    Girl Scouts get $25,000 robotic boost from Monsanto Fund
    (Illinois Business Journal, 8/15)
    Girl Scouts of Southern Illinois has received a $25,000 grant from the Monsanto Fund to support Girl Scout STEM Robotics Leadership in Jersey, Macoupin, Madison and St. Clair counties.Robotics are a key component of GSSI’s commitment to giving girls opportunities in science, technology, engineering, and math (STEM)..>> CLICK FOR MORE
    Veterans and volunteers conduct an extreme makeover for Jackie Joyner-Kersee Center
    (KTVI, 8/1/15)
    A new playground, a new sidewalk, two new libraries plus a new brick walkway and more, all in five hours: It would take an army to pull that off. It was “mission accomplished” Saturday for an Olympic great and St. Louis area kids in need. >> CLICK FOR MORE
    Funding for Ferguson: Investments, Donations Add Up to Hundreds of Millions of Dollars
    (KMOX, 8/6/15)
    KMOX News this week is taking a look at how much financial support has been promised to Ferguson, Dellwood, and surrounding communities in response to last year’s Ferguson unrest and cries for change.>> CLICK FOR MORE
    Effort continues to help Ferguson area businesses a year after shooting
    (Illinois Business Journal, 8/15)
    Some $800,000 has been raised to help rebuild the business base in the North County area of St. Louis in the year since unrest began over the Michael Brown shooting, a sponsoring organization said today. Almost one year ago, the St. Louis Regional Business Council organized the Reinvest North County Fund as an immediate business response when civil unrest began in Ferguson. To date, more than $262,000 has been given to 55 small businesses and another $238,000 has been given to provide capacity-building assistance. Some $235,000 has been given to the Normandy Schools Collaborative, Ferguson-Florissant School District, Riverview Gardens School District and Jennings School District. >> CLICK FOR MORE
    Hope Center Receives Grant
    (WBGZ Radio 8/7/15)
    The Community Hope Center has won a $60,000 grant from the Wal-Mart Foundation. The grant will allow the center to continue to serve its clients in a way many who donate don’t often think about – the transportation end of the service. Denise Ukena, Assistant Executive Director at the center, tells The Big Z they hope to buy a pair of delivery trucks with the money. >> CLICK FOR MORE
    HOK’s STL Engages Employees, Clients, Community
    (Construction Forum STL, 8/3/15)
    HOK is celebrating the 60th anniversary of its founding in St. Louis with a renewed commitment to Downtown St. Louis in new office space that engages employees, clients and the downtown community. The firm has re-interpreted one of its earlier building designs at 10 South Broadway to capitalize on its location between the neighboring Ballpark Village and the Gateway Arch grounds, which is being remodeled. That includes reactivating the plaza at Market and Fourth streets while creating an optimal office environment and space for community engagement. >> CLICK FOR MORE
    World Wide Technology unveils new headquarters as part of Westport Plaza expansion plan
    (St. Louis Business Journal, 8/7/15)
    Tax incentives for a $95 million plan to expand and renovate Westport Plaza were discussed Thursday night at a Maryland Heights City Council meeting. The plans include a new headquarters for World Wide Technology. According to the St. Louis Post-Dispatch, the process began by convening a special tax commission to review the project.>> CLICK FOR MORE
    Post reports Q3 profit as acquisitions thrive
    (St. Louis Business Journal, 8/7/15)
    Post Holdings' gross profit more than doubled in the fiscal third quarter of 2015 to $316.5 million, thanks to the 2014 acquisition of Michael Foods.The consumer packaged goods holding company posted fiscal third-quarter net earnings of $19.8 million, compared with a loss of $39.3 million in the prior-year quarter. >> CLICK FOR MORE
    Frank Viverito is bringing big time sporting events to St. Louis
    (The St. Louis American, 8/15)
    Palmer Alexander III of The St. Louis American and stlamerican.com sits down with Frank Viverito, president of the St. Louis Sports Commission. Viverito talks about St. Louis' efforts to bring a Final Four back to STL, the St. Louis Rams stadium situation, and what the St. Louis Sports Commission is doing to bring the biggest and best events to the region.>> CLICK FOR MORE
  • St. Louis Press Pass

    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