St. Louis Press Pass

by St. Louis Regional Chamber | Dec 16, 2016
HUD awards nearly $30 million to the city of St. Louis
(St. Louis Post-Dispatch, 12/12/16)
Housing and Urban Development Secretary Julián Castro announced Monday that the city of St. Louis will receive $29.5 million to redevelop the city's Near North Side neighborhood. >> CLICK FOR MORE
Missouri’s jobless rate drops in November
(KTRS, 12/13/16)
Jobs are on the rise and unemployment continues to decline in Missouri. >> CLICK FOR MORE
Caleres Snaps Up Allen Edmonds for $255 Million
(Footwear News, 12/13/16)
Caleres is closing out the year with a big buy. The St. Louis-based firm announced today that it has acquired U.S.-based men’s shoe brand Allen Edmonds from private equity firm Brentwood Associates for $255 million. >> CLICK FOR MORE
St. Louis firm acquires one of KC's biggest data center providers
(Kansas City Business Journal, 12/13/16)
Contegix, the St. Louis-based cloud hosting provider, has acquired Admo.net Web Services, a Kansas City-based cloud and managed services provider. >> CLICK FOR MORE
Eagle Bank opens mortgage office in Ferguson
(The St. Louis American, 12/12/16)
Eagle Bank and Trust recently opened its newest location, a mortgage office located at 10853 W. Florissant Rd. in Ferguson, MO. >> CLICK FOR MORE
Venture capital firms launched funds totaling $682 million in 2016
(St. Louis Business Journal, 12/14/16)
Several high-profile investment funds that launched in the fourth quarter of this year propelled St. Louis to one its best, if not the best, year on record for raising venture capital. >> CLICK FOR MORE
Stadia Ventures Continues Growth, Announces $25-50 Million Fund At Demo Day
(SportTechie, 12/15/16)
Stadia Ventures, the St. Louis-based Sports Innovation Hub for entrepreneurs, industry partners and investors, recently held their third Demo Day which saw pitches from their five current Fall of 2016 cohort members. >> CLICK FOR MORE
Missouri Technology Corporation announces $2.6M in funding for 10 startups
(Missouri Business Alert, 12/13/16)
The Missouri Technology Corporation approved 10 Missouri companies for $2.6 million in early-stage co-investment awards, part of an effort by the state to support startup growth and spur job creation. >> CLICK FOR MORE
Monsanto Shareholders Approve Bayer's $57 Billion Takeover
(The New York Times, 12/13/16)
Monsanto Co. shareholders on Tuesday overwhelmingly approved a $57 billion merger with Bayer AG, a deal that would combine two of the world's biggest agricultural companies. >> CLICK FOR MORE
Danforth Center receives funding to expand cassava project to Nigeria
(St. Louis Public Radio, 12/14/16)
Researchers at the Donald Danforth Plant Science Center say a $10.45 million grant from the Bill and Melinda Gates Foundation will allow them to expand a project to develop genetically modified cassava into Nigeria. >> CLICK FOR MORE
New buildings in Southwestern Illinois help drive record-setting year for region’s industrial market
(Illinois Business Journal, 12/2016)
Commercial real estate brokerage firm JLL says the region’s industrial sector is on track to deliver nearly seven million square feet of new construction by the end of the year, the highest activity the region has ever seen. >> CLICK FOR MORE
Boeing moving defense HQ from St. Louis to D.C. area
(St. Louis Post-Dispatch, 12/13/16)
Boeing Co. said Tuesday that it will move the headquarters of its defense unit from St. Louis to the Washington area. >> CLICK FOR MORE
'Hot' Gateway Commerce area remains bustling after Amazon opening its doors
(Riverbender.com, 12/12/16)
Something Madison County Chairman Kurt Prenzler is excited about is inheriting a bustling Gateway Commerce Center Corridor. Prenzler is optimistic about the bright future for the Gateway Commerce area and this region’s business future. >> CLICK FOR MORE
Some Granite City steelworkers get good news from U.S. Steel
(Belleville News-Democrat, 12/13/16)
More than 200 jobs are set to return as part of the Granite City Works operation is scheduled to begin operating again in mid-February, U.S. Steel said in a news release. >> CLICK FOR MORE
Pharma Tech expands Missouri plant
(St. Louis Business Journal, 12/15/16)
Pharma Tech Industries has added a new high-speed bottling line to its plant in Union, Missouri. The new line includes unscrambling, filling, weighing, metal detection, capping, sealing, bundling and casepacking equipment for the production of pharmaceuticals. It is capable of filling up to 300 bottles per minute. >> CLICK FOR MORE
Selective colleges pledge to recruit more low-income students
(The Washington Post, 12/13/16)
Thirty selective colleges and universities announced Tuesday that they are teaming up in an effort to recruit more students from lower-income families. >> CLICK FOR MORE
St. Louis Community College sets course for wide-ranging diversity plan
(St. Louis Public Radio, 12/10/16)
Over the next two years St. Louis Community College will be undertaking a number of steps to better support students from diverse backgrounds, from a review of faculty representation to accommodations for parents. >> CLICK FOR MORE
SIUE strengthens global partnership with South Korea's Tongmyong University
(Riverbender.com, 12/9/16)
Southern Illinois University Edwardsville hosted a delegation from Tongmyong University (TU), of Busan, South Korea, Monday-Wednesday, Dec. 5-7, during which the administrators from the two institutions discussed expanding their strong academic collaborations. >> CLICK FOR MORE
These college students explain why they love the metro-east
(Belleville News-Democrat, 12/8/16)
Katie Terziovski’s father and his family immigrated to the United States from Romania and made a life for themselves in the metro-east. “Their success here meant the world to them as they escaped a communist country,” she said. >> CLICK FOR MORE
Community college offers free Boeing training programs
(The St. Louis American, 12/8/16)
St. Louis Community College, in partnership with Boeing, offers accelerated pre-employment programs to train individuals for potential jobs as assembly mechanics and composite mechanics at Boeing. Training is free for those who qualify and will be conducted at the college’s Center for Workforce Innovation near its Florissant Valley campus. >> CLICK FOR MORE
Proposed apartment building design in CWE unveiled to residents
(KMOV, 12/13/16)
The design of a proposed apartment building near Forest Park was unveiled to nearby residents Monday night. >> CLICK FOR MORE
Rowden files state earned income tax credit bill
(The Missouri Times, 12/12/16)
One of the first bills Sen.-elect Caleb Rowden has filed for debate and deliberation in the upper chamber is a bill that would guarantee a state earned income tax credit (EITC) for those who receive such benefits from the federal government. >> CLICK FOR MORE
Better Family Life starting entrepreneurship training program
(KTVI, 12/13/16)
Better Family Life, a local non-profit has opened a Business Development Center designed to help people start and grow their own business free of charge. It's part of a master plan to redevelop Page Boulevard and make dreams come true. >> CLICK FOR MORE
Missouri Drew More Tourists Than Ever Before in 2016
(Riverfront Times, 12/8/16)
It turns out a staggering 41.7 million people visited the state in the 2016 fiscal year — an increase of 3.2 percent from the year before, and the biggest total in state history. >> CLICK FOR MORE
Meet the Saint Louis Fashion Incubator's Inaugural Class of Designers
(St. Louis Magazine, 12/15/16)
How do you hatch fashion? You keep the young designers warm, protect them from financial worries for a few years, find mentors who’ll cluck over them and give them opportunities and exposure. It’s also important to keep them all in the same place (a 7,500-square-foot building on Washington Avenue) so they can commiserate and encourage one another instead of struggling all alone to break through. >> CLICK FOR MORE