• Upbeat Hiring Swing Expected in Fourth Quarter 2016

    Sep 16, 2016

    The St. Louis metropolitan area continues to see its intended hiring rates climb as the fourth quarter approaches. Not only are more employers expecting to hire more employees, but increased hiring plans in the financial services, health services, transportation and utilities and manufacturing industry clusters shows that the region is progressively growing stronger.

    According to the Manpower Employment Outlook Survey, the area is expected to see a healthy hiring increase during the final quarter of 2016. Overall, St. Louis’ Net Employment Outlook of 20% -- the strongest fourth quarter in the decade so far.

    Additionally, the current Net Employment Outlook outranks 75 of the nation’s largest metropolitan areas and outpaces the national Net Employment Outlook average.

    The 20% Net Employment Outlook breaks down as such: 21% employers expect to hire more employees, 74% will maintain their staff levels, 4% are unsure of their plans and 1% percent plan to make staff cuts. Although the rates fluctuate from quarter to quarter, planned employment has steadily increased since the first quarter of 2013 and continues to grow stronger as the decade progresses.

    As the region’s hiring expectations increase, so does the strength in key industry clusters. The Manpower Survey notes that the region' positive growth is specifically noticeable not only in the financial services, health services, transportation and utilities and manufacturing sectors, but also in the construction, government, leisure and hospitality industries.

  • St. Louis Press Pass

    Sep 16, 2016
    St. Louis Is The New Startup Frontier
    (FiveThirtyEight, 9/12/16)
    In 2013, when I was a reporter for The Wall Street Journal, I flew to St. Louis to learn about the city’s budding startup scene. >> CLICK FOR MORE
    Bayer-Monsanto Deal Would Forge New Agricultural Force
    (The Wall Street Journal, 9/14/16)
    Monsanto Co. agreed to sell itself to Bayer AG, in a $57 billion deal that would forge a new agricultural force and end the independence of one of the most successful and controversial U.S. companies. >> CLICK FOR MORE
    Bayer is buying Monsanto in $66 billion deal
    (KMOV, 9/14/16)
    Now it's official: Monsanto is going to be swallowed up by a rival in the biggest takeover announced so far this year. >> CLICK FOR MORE
    St. Louis Reacts to Monsanto-Bayer AG Merger
    (CBS St. Louis, 9/15/16)
    From civic officials to the startup community, St. Louis is wrapping its arms around Bayer’s $66 billion acquisition of Monsanto. Many wonder how the blockbuster buy-out will impact home-grown Monsanto’s influence in the region. >> CLICK FOR MORE
    See more coverage of this story below:

    Big deal: Bayer's $66 billion for Monsanto creates seed and crop chemical giant (St. Louis Post-Dispatch, 9/14/16)

    For St. Louis startups, Bayer’s deal to acquire Monsanto is a good thing  (St. Louis Business Journal, 9/14/16)

    If Monsanto HQ leaves, biotech firms still see strong future for St. Louis (St. Louis Post-Dispatch, 9/16/16)

    Spire acquires EnergySouth for $344m
    (Hydrocarbons Technology, 9/14/16)
    Spire has completed its previously announced acquisition of EnergySouth, the parent company of Mobile Gas and Willmut Gas, from Sempra US Gas & Power for $344m. >> CLICK FOR MORE
    UPS to hire more than 900 in St. Louis area to help with holiday shipping
    (St. Louis Post-Dispatch, 9/14/16)
    United Parcel Service Inc. will hire more than 900 people in the St. Louis area, roughly the same number it hired last year, to help with holiday shipping, the company said Wednesday. >> CLICK FOR MORE
    City Securities being acquired by fast-growing regional brokerage Stifel
    (Indiana Business Journal, 9/13/16)
    City Securities Corp., Indiana’s oldest investment firm, has agreed to be acquired by St. Louis-based Stifel Financial Corp. >> CLICK FOR MORE
    Amdocs acquires three companies for $260 million
    (St. Louis Business Journal, 9/14/16)
    Amdocs has acquired three privately held technology companies for a total of about $260 million in cash. >> CLICK FOR MORE
    The First Startup Roadshow Back From New York
    (EQ, 9/13/16)
    Connect is one of those buzzwords frequently used in the startup world, as can be heard in any given pitch, but it’s also a key concept in getting those startups financed. >> CLICK FOR MORE
    Choose Your City: Why These 7 Startups are Building Their Companies in St. Louis
    (EQ, 9/12/16)
    For these seven startups, the Gateway City wasn’t just a pit stop on the way to a coastal destination: It was a place to plant roots and grow. Some are international, and some drove down via Interstate 55, but all are important additions to our ecosystem. >> CLICK FOR MORE
    SBDC clients win top awards at East St. Louis Initiative’s First Pitch Contest
    (Riverbender.com, 9/9/16)
    Two Illinois Metro East Small Business Development Center clients were among three winners in the first regional business plan pitch competition hosted by the East St. Louis Initiative. >> CLICK FOR MORE
    Lewis & Clark raises $20 million for ag investments
    (St. Louis Post-Dispatch, 9/12/16)
    Lewis & Clark Ventures, a Clayton-based venture capital fund that raised $104 million in February, has added $20 million that's targeted for agricultural investments. >> CLICK FOR MORE
    St. Louis to Deliver Healthcare at the Train Station
    (Next City, 9/14/16)
    North St. Louis County commuters will soon be able to get a checkup before boarding the train. A $940,000 grant from U.S. DOT will fund health screenings such as blood pressure and cholesterol tests at a MetroLink station. >> CLICK FOR MORE
    St. Louis is told to prepare for freight growth
    (St. Louis Post-Dispatch, 9/12/16)
    The value of freight shipped through the St. Louis region is expected to increase 74 percent to $483 billion in 2045, according to the Federal Highway Administration. >> CLICK FOR MORE
    Port District receives Illinois Intrastate Shuttle Project Designation
    (Riverbender.com, 9/15/16)
    The Administrator of U.S. Department of Transportation, Maritime Administration, Paul "Chip" Jaenichen, and Federal Highway Administrator Gregory Nadeau visited the recently opened Madison Harbor at America's Central Port Monday, September 12th. >> CLICK FOR MORE
    With levee work ending, local leaders say region is prepared for business
    (Illinois Business Journal, 9/2016)
    With work to rehabilitate the American Bottom levee system nearing completion, the Leadership Council Southwestern Illinois is getting ready to post the “Open for business” sign. >> CLICK FOR MORE
    MiTek Industries Expands Chesterfield, Missouri, Production Campus
    (Area Development News, 9/12/16)
    A company that supplies software, products and services to the building components industry, MiTek Industries, invested $16 million to expanded its operations center in Chesterfield, Missouri. >> CLICK FOR MORE
    See where local universities rank nationwide
    (St. Louis Business Journal, 9/13/16)
    Washington University again appeared in the top 20 schools nationwide in U.S. News & World Report's annual Best Colleges Rankings. >> CLICK FOR MORE
    Starbucks says Ferguson store is one of its top new locations
    (CNN Money, 9/9/16)
    Two years ago Ferguson, Missouri, became a symbol of racial unrest when riots followed the fatal police shooting of Michael Brown, an unarmed black teenager. Now a new Starbucks there is a symbol of rebirth and business success. >> CLICK FOR MORE
    Slay, other mayors unveil development plans for Mississippi River
    (St. Louis Business Journal, 9/15/16)
    St. Louis Mayor Francis Slay and mayors from more than 20 cities along the Mississippi River announced a new partnership and plans aimed at improving the river’s economic viability at an annual mayors gathering. >> CLICK FOR MORE
    Old North neighborhood, LRA and McKee make deal on land
    (St. Louis Public Radio, 9/13/16)
    Developer Paul McKee owns quite a bit of land within the Old North neighborhood on St. Louis’ north side. >> CLICK FOR MORE
    Forward Through Ferguson adds seven new board members
    (St. Louis Public Radio, 9/14/16)
    Seven St. Louis area residents have joined the board of Forward Through Ferguson, a successor organization to the Ferguson Commission. >> CLICK FOR MORE
    Black chess masters join Webster program
    (The St. Louis American, 9/14/16)
    Two of the top-ranked African-American chess masters in the United States have selected Webster University and will join the winning SPICE (Susan Polgar Institute for Chess Excellence) program. >> CLICK FOR MORE
    Construction Industry Donates Immigrant School Soccer Field
    (Construction Forum STL, 9/15/16)
    Many of the nearly 400 immigrant and refugee children, from K-10th grade, who attend St. Louis Public Schools’ Nahed Chapman New American Academy (NCNAA) are getting their first taste of education – and of American life. >> CLICK FOR MORE
    Ted Drewes named #1 ice cream store in the world; St. Louis top destination
    (KTVI, 9/14/16)
    Ted Drewes is the top-rated ice cream in the world. Worldwide marketing and brand building company SoolNua announced St. Louis’ iconic custard shop had taken the top spot in the #WorldIceCreamIndex. >> CLICK FOR MORE
    The Black Rep Celebrates Four Decades of Theater with Purpose 
    (Riverfront Times, 9/7/16)
    St. Louis was a very different city in 1976. The Jefferson Bank protest of 1963 had opened up white-collar jobs for African Americans, but the actors on local stages remained overwhelmingly white — as did the audiences. >> CLICK FOR MORE
    What Do Shakespeare and Maplewood Have in Common? Ghost Stories
    (St. Louis Magazine, 9/14/16)
    The program is Shakespeare Festival St. Louis’ annual immersive love song to a neighborhood. Each year, members of the creative team spend time in the host neighborhood, interviewing residents and creating a new work that integrates their tales with a given work by the Bard. >> CLICK FOR MORE