• St. Louis Press Pass

    Dec 09, 2016
    Promise of new jobs highlights AgTech district planned for St. Louis County
    (KTVI, 12//16)
    Plans for a new agriculture technology district in St. Louis County were unveiled Wednesday. St. Louis County Executive Steve Stenger says the goal of the project is to build off an existing strength and bring new ag-tech jobs to area. >> CLICK FOR MORE
    St. Louis city and county team up on economic development plan
    (St. Louis Post-Dispatch, 12/2/16)
    Three years after St. Louis and St. Louis County agreed to a partial merger of their economic development operations, they’ve produced their first joint plan. >> CLICK FOR MORE
    2 St. Louis companies rank among nation's best places to work
    (St. Louis Business Journal, 12/7/16)
    Two local companies rank among the nation's Top 20 Best Places to Work, according to a new ranking from Glassdoor. >> CLICK FOR MORE
    River City Hustle - Startup World: St. Louis
    (VICE News, 12/1/16)
    Like many Midwestern cities, St. Louis has had to deal with offshoring and population decline in recent years. So a group of scrappy entrepreneurs — and a patchwork of organizations to support them — have stepped in to fill the void. >> CLICK FOR MORE
    2016 Was A Very Big Year For New Venture Funds Launched In St. Louis
    (EQ, 12/8/16)
    2016 was the best year for launching new venture funds in St. Louis history. RiverVest, Cultivation Capital, and Lewis and Clark each raised new funds for the second consecutive year. Both SixThirty and The Yield Lab launched new accelerators in 2016. >> CLICK FOR MORE
    Ascension Ventures’ assets under management reach $800 million
    (St. Louis Business Journal, 12/6/16)
    Ascension Ventures has closed its latest venture capital fund at $255 million. >> CLICK FOR MORE
    Euclises ups funding round by nearly $1 million
    (St. Louis Business Journal, 12/2/16)
    Euclises Pharmaceuticals, the St. Louis-based biotech startup developing cancer treatments, has increased the size of its current funding round from $1.8 million to $2.7 million, according to a filing with the Securities and Exchange Commission. >> CLICK FOR MORE
    The Collaborative Spirit Inside RISE: A Conversation
    (ALIVE Magazine, 12/2/16)
    We sat down in St. Louis with RISE Collaborative Workspace founder Stacy Taubman and her COO Kate Wiegmann, and nearly 30 minutes passed before either sipped the cocktails they ordered pre-interview. They were far too busy talking to drink. And what they were talking about may have far more positive consequences than even they predict. >> CLICK FOR MORE
    Wash U Researchers Creating Powdered Artificial Blood Cells
    (KMOX, 12/6/16)
    Just add water, and small bag of powder would turn into a pint of blood. Researchers at Washington University of St. Louis are working on an a freeze-dried, artificial blood cell, reports CBS News. >> CLICK FOR MORE
    Danforth Center signs commercialization deal with Kansas City firm
    (St. Louis Post-Dispatch, 12/6/16)
    The Donald Danforth Plant Science Center has signed a deal with a Kansas City company to commercialize some of its agricultural research. >> CLICK FOR MORE
    Benson Hill partners with seed supplier Beck’s
    (St. Louis Business Journal, 12/7/16)
    Benson Hill Biosystems, an agtech startup operating out of the Helix Center in St. Louis County, has announced a partnership with Beck’s, the largest independent, retail seed company in North America. >> CLICK FOR MORE
    Container shipping on river barges could boost St. Louis freight
    (St. Louis Post-Dispatch, 12/6/16)
    Regional officials say they’re looking for ways to encourage shippers to send more containers by barge, making inland ports bigger players in global trade. But getting more containers on barges will require improvements to the region’s river freight capabilities. >> CLICK FOR MORE
    Nidec buys Ohio Elevator company
    (St. Louis Business Journal, 12/7/16)
    Nidec Motor Corp. has acquired an Ohio-based elevator manufacturing firm with $33.7 million in sales. >> CLICK FOR MORE
    Poets&Quants’ Best Undergraduate Business Programs Of 2016
    (Poets & Quants for Undergrads, 12/5/16)
    Call it the rise of the Nice Guy. Sometimes, he just refuses to finish last. And in the case of the first-ever Poets&Quants ranking of undergraduate business programs, the nice guys (and gals), indeed have their day. No other school provides a better undergraduate business education than the Olin Business School at Washington University in St. Louis. >> CLICK FOR MORE
    SIUE enters business incubator scene
    (The Edwardsville Intelligencer, 12/2/16)
    This week on Segue on WSIE-FM 88.7, Greg Budzban, PhD, dean of the Southern Illinois University Edwardsville College of Arts and Sciences, hosts Sarah VanSlette, PhD, associate professor in the Department of Applied Communication Studies, to discuss the budding relationship between SIUE and the St. Louis area through the St. Louis small business incubator scene. >> CLICK FOR MORE
    India’s future pharmacists are training at SIUE
    (Belleville News-Democrat, 12/6/16)
    Officials at Southern Illinois University Edwardsville are exploring expanding a global partnership with Jagadguru Sri Shivarathreeswara University in India. >> CLICK FOR MORE
    L&C’s Building Futures program expands – No diploma? No problem!
    (Riverbender.com, 12/2/16)
    Lewis and Clark Community College’s Adult Education department is expanding its Building Futures programming to offer three distinct career pathways in Construction, Health Science and, new this January, Information Technology. >> CLICK FOR MORE
    Belleville OKs Shopland tax incentives
    (Belleville News-Democrat, 12/5/16)
    The Belleville City Council on Monday night approved a redevelopment agreement for the renovation of the Shopland Plaza on West Main Street. >> CLICK FOR MORE
    MLS stadium seeks $40 million from state, $80 million from city
    (St. Louis Business Journal, 12/6/16)
    Officials with the city of St. Louis are requesting $40 million in state tax credits to help pay for a $200 million Major League Soccer (MLS) stadium just west of Union Station. >> CLICK FOR MORE
    City moves forward on first phase of Destination O'Fallon projects
    (Illinois Business Journal, 12/2016)
    The O’Fallon City Council recently voted to approve the first phase of Destination O’Fallon, which includes a number of projects and community-wide investments aimed at making O’Fallon a destination for businesses, families and visitors. >> CLICK FOR MORE
    CELEBRATING 50 YRS OF THE ST. LOUIS BLUES AT SLPL
    (HEC-TV, 12/6/16)
    Through a new exhibit honoring the St. Louis Blues’ 50 years in St. Louis the NHL team and the St. Louis Public Library have formed what Executive Vice President of the Blues Bruce Affleck calls “a relation ship that will continue forever.” >> CLICK FOR MORE
    Missouri History Museum attendance over 400K third straight year
    (St. Louis Post-Dispatch, 12/5/16)
    Sometimes you make a little history of your own. The Missouri History Museum is projected to have 480,000 visitors for 2016, reaching more than 400,000 attendees in three consecutive years for the first time since the Missouri Historical Society began taking annual headcounts. >> CLICK FOR MORE
    Eugene Field House reopens in time for the holidays with expanded museum space
    (St. Louis Public Radio, 12/8/16)
    The Eugene Field House reopens Thursday with a 4,000-square-foot addition for museum exhibits that supporters hope will spark renewed interest in the historic site that’s just a baseball’s throw from Busch Stadium. >> CLICK FOR MORE
  • The Natural Highways of the Mississippi and Illinois Rivers Will Play An Even Bigger Role for Transportation of Goods in the Future

    Dec 08, 2016
    All Things River 130711On Monday, December 5, U.S. Department of Transportation Maritime Administrator Paul “Chip” Jaenichen visited the St. Louis Regional Chamber to announce six Marine Highway Grants. Partners from the Inland River Port & Terminal Association, the Upper Mississippi River Basin Association and the Mississippi River Cities & Towns Initiative were also on hand for the announcement. 

    It is estimated that population increases in the United States over the next 30 years will require nearly doubling of the domestic freight capacity in the United States. This will exceed the capacity of the traditional modes of goods transports such as rail and highway and would require tremendous infrastructure investments to support. One of the potential economic solutions to this dramatic transportation demand increase is utilizing the inland waterway systems already in existence. Utilizing the various waterways but especially the Mississippi and Illinois Rivers that converge in the St. Louis Metropolitan area, provides tremendous potential economic advantages for the region and relief for future further congested infrastructure nationally. Currently the navigation economy on the Mississippi River generates $5 billion in annual revenues and supports approximately 20,000 jobs. 

    In support of the strategic planning required to meet this increased demand by utilizing “container- on- barges” services, a $713,000 grant was awarded to America’s Central Port located in Granite City, Illinois. The Illinois Container on Barge Shuttle is an 18-month demonstration project to provide shuttle service for agricultural customers moving containerized exports between southern and northern Illinois to access the Union Pacific and BNSF rail ramps. The shuttle service will operate on the Illinois and Mississippi Rivers between Channahon and Granite City, Ill., with an option to extend container-on-barge service to the Gulf of Mexico ports in concert with related Marine Highway Designation.

    Currently there are over 30 million containers that enter the U.S. every year, but there are very few of them that move on the inland waterway system. An efficient container-on-barge shipping process would certainly help to change that. These initial grants are some of the first steps in the development of that process ultimately leading to as efficient and cost effective process as possible. Increased barge traffic on the natural resources of the Mississippi, Illinois and Missouri Rivers is not only a very good, viable option to additional infrastructure, it’s a great economic growth stimulator for the St. Louis Region. 
     
    To read more about the grants awarded for Marine Highway projects, visit the Maritime Administration website.

    Joe Reagan U.S. Department of Transportation Maritime Administrator Paul “Chip” Jaenichen