• St. Louis Press Pass

    Nov 11, 2016
    Republicans ride historic night in Missouri election
    (St. Louis Post-Dispatch, 11/9/16)
    Republicans pulled off a clean sweep of Missouri's top offices on Election Day, giving the party an unprecedented level of dominance in the former bellwether state. >> CLICK FOR MORE
    Illinois sends Duckworth to Senate, re-elects Bost, Davis
    (St. Louis Post-Dispatch, 11/9/16)
    U.S. Rep. Tammy Duckworth, a disabled combat veteran in the vanguard of the Democrats’ push for the U.S. Senate, on Tuesday defeated incumbent Sen. Mark Kirk, who had won President Barack Obama’s former seat during the Republican surge of 2010. >> CLICK FOR MORE
    St. Louis Guide To Global Entrepreneurship Week 2016
    (EQ, 11/10/16)
    It’s back: Each November, people in 160 countries around the world organize a calendar of events and competitions to inspire entrepreneurship. Powered by the Kaufmann Foundation, Global Entrepreneurship Week 2016 happens November 14-20. >> CLICK FOR MORE
    New accelerator program aims to grow exports by St. Louis startups
    (St. Louis Post-Dispatch, 11/11/16)
    Add another business competition to the likes of GlobalHack, Accelerate St. Louis and Arch Grants. >> CLICK FOR MORE
    Junior Code Academy is 2016 Metro East Startup Challenge winner
    (Riverbender.com, 11/4/16)
    Junior Code Academy (JCA) grabbed this year’s top cash prize of $10,000 in the Southern Illinois University Edwardsville Metro East Startup Challenge (MESC). The regional business plan competition for entrepreneurs and startups announced its three cash prize winners today. >> CLICK FOR MORE
    Prosper achieves three-peat in SBA accelerator competition
    (St. Louis Post-Dispatch, 11/4/16)
    Prosper Women Entrepreneurs has won a $50,000 accelerator grant from the Small Business Administration for the third straight year. >> CLICK FOR MORE
    On Common Ground
    (EQ, 11/7/16)
    What happens when a delegation made up of thirty St. Louis innovation community leaders goes to Ireland and France–and returns inspired to foster deeper connections on both sides. >> CLICK FOR MORE
    St. Louis Fed economist: Startups could fuel economic growth
    (St. Louis Business Journal, 11/10/16)
    Kevin Kliesen, a business economist and research officer with the Federal Reserve Bank of St. Louis, said the number of startups growing in St. Louis could fuel future economic growth in the region. >> CLICK FOR MORE
    French firm ups St. Louis presence following Mallinckrodt deal
    (St. Louis Business Journal, 11/8/16)
    In the 12 months since French company Guerbet Group acquired Mallinckrodt PLC’s contrast media and delivery systems business, the company has nearly doubled its number of employees in the St. Louis region. >> CLICK FOR MORE
    BioSTL officials working to bring international business to St. Louis
    (KTVI, 11/7/16)
    The National Ploughing Championships is an enormous event held this year in the town of Tullamore, County Offaly, Ireland. >> CLICK FOR MORE
    Versatile field phenotyping developed to benefit farmers
    (Science Daily, 11/1/16)
    Researchers at the Donald Danforth Plant Science Center, a not-for-profit research institute with a mission to improve the human condition through plant science, are leveraging expertise in crop phenotyping with the development of the PheNode, a 'smart', farm-ready, solar-powered environmental sensor and phenotyping station for crops. >> CLICK FOR MORE
    Annual report card for Missouri schools shows improvement
    (KMOV, 11/7/16)
    The Missouri Department of Elementary and Secondary Education (DESE) released its Annual Performance Reports (APR) Monday that shows all Missouri schools have done well enough to qualify for a provisional seal of approval. >> CLICK FOR MORE
    $170 million Cortex development to include innovation hall
    (St. Louis Business Journal, 11/9/16)
    The planned $170 million phase three of Cortex, which will be anchored by a hotel, apartment tower and a Class A tech office building, will also include an innovation hall.. >> CLICK FOR MORE
    Metro St. Louis Preps for Largest Shopping Center in Years
    (Commercial Property Executive , 11/7/16)
    There’s something big coming to suburban St. Louis, and GBT Realty Corp. is behind it. The commercial development company just completed the acquisition of a 28-acre site in St. Peters, Mo., paving the way for construction of the 270,000-square-foot The Shoppes at Mid Rivers, the largest retail development to sprout up in the St. Louis MSA since 2008. >> CLICK FOR MORE
    Initial Approval Given for Marriott Hotel, Retail at Hanley/40 in Richmond Heights
    (nextSTL, 11/8/16)
    A Courtyard Marriott Hotel, retail, and restaurants appear planned for the corner of Hanley Road and I-64/Highway 40. The more than 6-acre site would be accessed from Dale Avenue adjacent to The Heights recreation center and feature a five-story, 140-room hotel and 16,000sf of retail space titled The Crossing at Richmond Heights. >> CLICK FOR MORE
    Scott welcomes new Honorary Commanders
    (Belleville News-Democrat, 11/10/16)
    Thirty-six regional civic leaders were inducted into the Honorary Commanders Program at Scott on Nov. 1. >> CLICK FOR MORE
    New Americans, New Opportunities
    (The Huffington Post, 11/8/16)
    Recently, Robert J. Samuelson of the Washington Post argued that our conversation about immigration is misguided: we spend all our energy focused on the approximately 11 million undocumented people in the United States when we should really focus on the estimated 31 million immigrants who are here legally and the roughly 1 million who gain legal entry every year. >> CLICK FOR MORE
    NMTCs Transform Center of Ferguson, Mo., Protests into Empowerment Center
    (Novogradac, 11/8/16)
    A burned-out convenience store that was the epicenter of 2014 racial protests and riots in Ferguson, Mo., will become a community-focused “empowerment center,” thanks to the infusion of new markets tax credit (NMTC) equity. >> CLICK FOR MORE
    St. Louis Furniture Company Owner Hopes to Give Ex-Felons a New Lease on Life With its Rise Collection
    (St. Louis Magazine, 11/4/16)
    Local furniture company Anew Nature does more than just repurpose old furniture. Owners Robert and Erica Karleskint are on a mission to give a second chance to marginalized men in the St. Louis area, and they hope to use a new Kickstarter campaign to provide even more opportunities. >> CLICK FOR MORE
    COGIC projected to inject $30M into STL with 109th Holy Convocation
    (The St. Louis American, 11/8/16)
    The Church of God in Christ’s 109th Holy Convocation projected to make over $30 million economic impact to St. Louis metro area. This gathering of more than 40,000 attendees, scheduled for November 7-13 at the America’s Center and the Edward Jones Dome in downtown St. Louis, is one of the city’s largest conventions. >> CLICK FOR MORE
    Blackhawks and Blues unveil throwback Winter Classic uniforms
    (FOX Sports, 11/9/16)
    The NHL's outdoor games are becoming less and less of a rarity these days, but fans typically enjoy tuning in to get a glimpse of the breathtaking outdoor settings and the oft-gorgeous jerseys created for the events. >> CLICK FOR MORE
    Fur real: Cat cafe to open this weekend
    (St. Louis Business Journal, 11/9/16)
    Those of a certain feline purrsuasion will now have a special place to gather when Mauhaus Cat Cafe opens Saturday in Maplewood. >> CLICK FOR MORE
  • St. Louis Celebrates Startup Growth & Global Entrepreneurship Week

    Nov 10, 2016
    Nationally, the post-recession recovery has been described as weak and sluggish. This has affected new businesses attempting to grow in a slow-growth environment and facing a constrained supply of credit.[1],[2] The U.S. as a whole, and even metros such as New York, Boston, Chicago, and Silicon Valley, have seen persistent year-over-year declines in their regional share of new firms. However, the St. Louis region’s commitment to supporting and developing their entrepreneurs has allowed them to buck the trend and register significant growth in this area. In 2009, St. Louis start-ups accounted for only 6.6% of regional firms whereas by 2014, this number had risen to 9.7%.[3] The number of new firms grew from 3,582 in 2012 to 4,266 in 2013 and to 4,876 in 2014, registering growth rates of 19.1% and 14.3% respectively.[4]


    This success was recently noted in a piece in the FiveThirtyEight blog that declared St. Louis, “The New Startup Frontier.” [5] Citing St. Louis’ makerspaces, accelerators, co-working spaces, and regional commitment to expanding the startup ecosystem, Popular Mechanics named St. Louis the Number 1 startup city in America in 2015.[6] Accelerators and venture funds such as SixThirty, Prosper Women Entrepreneurs, Yield Lab, Stadia Ventures, and Arch Grants; incubators such as T-Rex and Helix Center; and a burgeoning innovation district (the Cortex Innovation Community) are all working to support the startup community. This entrepreneurial culture has yielded investments in regional startups totaling over $1 billion in the last three years.[7] St. Louis has expanded access to startup capital and extended significant resources in order to create an attractive environment for entrepreneurs.

    In the 2011-14 period, new establishments have contributed approximately 30% on average to net job creation which is fairly significant when also considering that new establishments accounted for only 9.9% of the total establishments operating in the St. Louis MSA. During this period, more than 25,000 establishments were formed which added more than 184,000 jobs to the region, with approximately 28,000 net jobs attributable to new establishments. [8] The charts below highlight growth in the number of new establishments and the consistently positive job creation stemming from these ventures. A large contribution to firm growth has come from the Health Care and Social Assistance industry, where St. Louis’s strong health infrastructure, innovation hubs, and anchor institutions have encouraged growth. In the 2012-13 period, nearly 30% of new firms were in the Health Care and Social Assistance sector, with approximately 2,048 establishments formed. [9] 



    Accelerate St. Louis, an initiative formed through the partnership of the St. Louis Regional Chamber and the St. Louis Economic Development Partnership, was created to strengthen innovation in St. Louis. The mission of Accelerate St. Louis is to accelerate the growth of regional entrepreneurship, connect and support entrepreneurs, and raise awareness of St. Louis’ innovation ecosystem. In addition to the daily entrepreneurship and innovation events happening in the region, St. Louis will be celebrating Global Entrepreneurship Week with the rest of the world. During one week each November, people in 160 countries organize events and competitions to inspire entrepreneurship. While the official celebration spans one week, it’s no surprise that St. Louis’ entrepreneurial ecosystem has planned a full month of activities. From galas and hackathons to workshops and pitch events, there’s something for everyone. Accelerate St. Louis has assembled a list of the events planned. Pick one (or all 16) to attend and discover St. Louis’ entrepreneurial community and startup companies that are stimulating economic growth and reinvigorating St. Louis.

    [1] “Seven Years Later, Recovery Remains the Weakest of the Post-World War II Era” The Wall Street Journal, Jun. 29, 2016.
    [2] “Report to the Congress on the Availability of Credit to Small Businesses” The Board of Governors of the Federal Reserve System, September 2012.
    Defined as firms of age 0, divided by total businesses in a given region.
    “Business Dynamics Statistics – Firm Age by MSA” U.S. Census Bureau, 2014.
    “St. Louis Is The New Startup Frontier” FiveThirtyEight, Sept. 12, 2016.
    [6] “The 14 Best Startup Cities in America” Popular Mechanics, Feb. 4, 2015.
    According to St. Louis Regional Chamber’s internal venture capital database.
    [8] “Business Dynamics Statistics – Establishment Characteristics by MSA” U.S. Census Bureau, 2014.
    "Establishment Births, Deaths, Expansions, Contractions, and Constants by State, County, and NAICS sector: 2012-2013" U.S. Census Bureau.