• St. Louis Press Pass

    Jan 15, 2016
    Plans to develop north riverfront move forward without stadium
    (KSDK, 1/14/16)
    No Rams? No problem. That's what city leaders say about a plan already underway to redevelop the north riverfront in downtown St. Louis - a plan some think could be better without a new stadium. >> CLICK FOR MORE

    Anheuser-Busch InBev Bonds Are a Hit
    (The Wall Street Journal, 1/13/16)
    Investors snapped up $46 billion in bonds from Anheuser-Busch InBev NV on Wednesday, the second-largest corporate-bond sale on record and a sign that demand for high-quality corporate debt remains strong. >> CLICK FOR MORE
    Shock Top to share spotlight in A-B's return to Super Bowl
    (St. Louis Post-Dispatch, 1/15/16)
    Budweiser and Bud Light ads are once again part of the lineup in the upcoming Super Bowl, but the top brands will share the limelight with others in the Anheuser-Busch portfolio: Shock Top and Michelob Ultra. >> CLICK FOR MORE
    AT&T to hire 215 in Missouri 
    (St. Louis Business Journal, 1/14/16)
    AT&T is seeking to hire 215 employees in Missouri for positions that are primarily technicians and retail support jobs. The job openings follow AT&T's investment of more than $1.8 billion in wireless and wireline networks in Missouri from 2012 through 2014, as well as the launch of new home security and automation products and the GigaPower ultra-fast Internet service. >> CLICK FOR MORE
    St. Louis’ newest billion-dollar company names new CFO
    (St. Louis Business Journal, 1/11/16)
    Vectra, the chemicals firm formerly known as OM Group Inc. that announced in November it would move its corporate headquarters to St. Louis, has hired a former SunEdison executive as its new CFO.  >> CLICK FOR MORE
    Allegiant to begin flights to Destin-Fort Walton Beach out of MidAmerica Airport
    (Belleville News-Democrat, 1/12/16)
    Allegiant Airlines announced Tuesday it will begin offering twice-weekly flights from MidAmerica Airport to Destin-Fort Walton Beach, Fla.  >> CLICK FOR MORE
    Suggs Scholar making most of opportunity
    (St. Louis American Newspaper, 1/14/16)
    As a student at McCluer High School, MU sophomore Olivia Rivers was an accomplished athlete and leader. She was elected president of the National Honor Society, served as vice president of Future Business Leaders of America and played both tennis and golf. Rivers also attended the Missouri Scholars Academy and participated in the Missouri Girls State program. >> CLICK FOR MORE
    Former Trump executive Hausler named CEO at Isle of Capri
    (St. Louis Post-Dispatch, 1/14/16)
    Isle of Capri Casinos president and CEO Virginia McDowell will retire in April and chief financial officer Eric Hausler will succeed her as the casino operator's top executive.   >> CLICK FOR MORE
    Danforth Center wins USDA grant
    (St. Louis Business Journal, 1/13/16)
    The Donald Danforth Plant Science Center has received a $250,000 grant from the U.S. Department of Agriculture’s (USDA) National Institute of Food and Agriculture (NIFA) to identify genetic variants impacting photosynthesis and nitrogen uptake. >> CLICK FOR MORE
    Cultivation Capital launching $75 million fintech fund
    (St. Louis Business Journal, 1/11/16)
    St. Louis-based venture capital firm Cultivation Capital has created a new fund geared solely for financial services technology startups and plans to raise at least $25 million for the fund by mid-2016. >> CLICK FOR MORE
    Boeing and engineers union reach surprise contract agreement 
    (Puget Sound Business Journal, 1/14/16)
    Boeing and its engineers’ union have agreed to a tentative six-year contract extension months before the current contract expires. The sudden engineers' agreement is a surprise because the current contract doesn't end until October. The union and company were expected to start negotiating in the weeks leading up to that deadline. >> CLICK FOR MORE
    Urban Chestnut set to expand
    (KTVI, 1/12/16)
    As Urban Chestnut gets ready to celebrate their fifth birthday in The Grove, they`ll soon be taking over the former home of Joyia Tapas restaurant.  The new location features 3,500 square feet of space at the corner of Taylor and Manchester. >> CLICK FOR MORE
    Webster University unveils new space in Arcade Building
    (St. Louis Business Journal, 1/12/16)
    Webster University hosted a reception at its new Gateway Campus in the historic Arcade Building on Monday evening. It was the first day the space was fully occupied, with both undergraduate and graduate classes underway. Webster occupies 54,000 square feet of the building on the first and second floors, as well as the mezzanine level, of the Arcade Building. It has a 20-year lease. >> CLICK FOR MORE
  • City earnings tax funds services vital to business and residents

    Jan 14, 2016

    The St. Louis Regional Chamber is committed to pro-growth tax policies that enhance our region’s attractiveness and global competitiveness, facilitate domestic and foreign investment, and drive job creation.  Our urban core must have the revenue needed to provide efficient services that attract new residents and employers and ensure the safety and security of the entire community.  This is why the Regional Chamber supported the Earnings Tax Measure in 2011 and it is for this same reason that we support allowing city residents to decide at the polls if they want to continue of the tax.

    Almost one-third of the city’s general fund budget derives from the earnings tax.  Those who pay this tax and depend on the services provided clearly see the value in what they receive.  In 2011, an overwhelming 87% of residents voted to continue the 1% tax.  Without the earnings tax revenue, the city of St. Louis would be forced to make significant cuts in the critical services, including police and public safety, currently provided to the taxpayers.

    At a time when our region is working to improve equity and provide greater opportunities for our residents, we cannot deliver a crippling blow to the revenue stream that funds vital services and programs.  Only six years ago, nearly 70% of Missouri voters favored allowing Kansas City and St. Louis residents to choose this tax.  Residents in both cities should be allowed to decide for themselves if the services provided are worth the cost.