^^They've been dealing with phosphates there since time immemorial. Nitrates, various acids, I think some sulfates. It's not as though they're building this on a greenfield site. It's been a chemical plant for near to a century now, I would guess. One which has flooded before. And the materials they're processing aren't radioactive. (Unlike certain other chemical plants in town, also in the same flood plain.) I will absolutely agree that we need good EPA observation, but I'm not too concerned about this. That said, we do have some other neighbors that are a problem. I suspect several. (The air quality down here can be pretty unpleasant when the wind is wrong.)
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Yeah, that's pretty much guaranteed. I'm pretty certain that ICL has an insurance policy on its Carondelet site, and that all related companies (construction, development, etc.) have insurance policies of their own for work to be done erecting this future factory. I'm pretty certain that these insurance companies are aware that this site is right next to the River Des Peres, that it has flooded before, and that it will one day flood again. Likely, ICL's insurance company has had to pay out for flood damage beforehand onto ICL's existing chemical factory.SRQ2STL wrote: ↑Oct 19, 2022What environmental studies have been done though, regarding the proximity to the residential housing units located directly next door as well as the River Des Peres?
I cannot see an insurance company promising to indemnify on behalf of this future factory without having done a solid environmental study beforehand. While I haven't seen it, I'm highly confident that it exists.
The relatively new Tech Council in St. Louis called TechSTL (https://techstl.com/) recently released their Tech Jobs report. https://techstl.com/wp-content/uploads/ ... Report.pdf
The report identifies the top tech jobs ans average salary for these jobs in St. louis.
In additiona it identifies the top local companies for hired tech employees. Top Tech employers in St. Louis: Boeing, Edward Jones, Centene Corporation, General Dynamics IT, Wells Fargo Advisors, Charter Communications, Deloitte, Mastercard, Equinix, AT&T, World Wide Technology
A lot of great things were accompished in the first year of the new organization with over 350 members.
The next big event will be Tech Week which is from April 24th through April 28th.
The report identifies the top tech jobs ans average salary for these jobs in St. louis.
In additiona it identifies the top local companies for hired tech employees. Top Tech employers in St. Louis: Boeing, Edward Jones, Centene Corporation, General Dynamics IT, Wells Fargo Advisors, Charter Communications, Deloitte, Mastercard, Equinix, AT&T, World Wide Technology
A lot of great things were accompished in the first year of the new organization with over 350 members.
The next big event will be Tech Week which is from April 24th through April 28th.
A nice article in this weeks Biz Journal on the recent exits in the tech space. Four companies sold in the last few months and were all announced in January.
Creating a Cycle
They came one after another after another after another.
The first month of 2023 delivered the acquisitions of four St. Louis-area startups — equal to half of the acquisition total for all of 2022 and kicking off the year with a flurry of exits for tech firms backed by local investors.
What’s more, the acquisitions of e-commerce startup Greetable, text messaging firm Textel, medical technology firm Pierian and construction technology startup Ryvit, were preceded by several other deals that closed the fourth quarter of 2022. That includes the sale of security software startup Noonlight to Tysons, Virginia-based Alarm.com Holdings Inc. (NASDAQ: ALRM) and Connecticut-based Greenway Ventures’ purchase of local cleaning industry software firm Wand USA Inc.
https://www.bizjournals.com/stlouis/inn ... cycle.html
Creating a Cycle
They came one after another after another after another.
The first month of 2023 delivered the acquisitions of four St. Louis-area startups — equal to half of the acquisition total for all of 2022 and kicking off the year with a flurry of exits for tech firms backed by local investors.
What’s more, the acquisitions of e-commerce startup Greetable, text messaging firm Textel, medical technology firm Pierian and construction technology startup Ryvit, were preceded by several other deals that closed the fourth quarter of 2022. That includes the sale of security software startup Noonlight to Tysons, Virginia-based Alarm.com Holdings Inc. (NASDAQ: ALRM) and Connecticut-based Greenway Ventures’ purchase of local cleaning industry software firm Wand USA Inc.
https://www.bizjournals.com/stlouis/inn ... cycle.html
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ChatGPT's CEO Sam Altman Is From St. Louis
Looks like the latest billionaire tech bro hails from STL. Perhaps he will throw the region a bone or two in the form of high-tech jobs and or philanthropy.
Looks like the latest billionaire tech bro hails from STL. Perhaps he will throw the region a bone or two in the form of high-tech jobs and or philanthropy.
I wonder how much St. Louis VC makes its way through Silicon Valley Bank?
https://www.nytimes.com/2023/03/09/busi ... ticleShare
https://www.nytimes.com/2023/03/09/busi ... ticleShare
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We have well established VC groups / funds. While I won't say none, I don't think it would be enough for that banking institution to have an impact on our start up scene in the event of a failure.
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Cash App founder Bob Lee, raised in St. Louis, fatally stabbed in San Francisco
Joey Schneider
1 day ago
SAN FRANCISCO – Bob Lee, a St. Louis-raised tech executive and the founder of Cash App, was stabbed to death Tuesday in San Francisco.
Lee, who has also served as chief product officer of MobileCoin, was fatally stabbed in downtown San Francisco.
Lee was fatally stabbed in the densely populated Rincon Hill neighborhood of San Francisco, near Google’s office and Oracle Park, home to the San Francisco Giants. The neighborhood is a mix of offices and modern condo buildings.
Lee was raised in St. Louis and a graduate of Lindbergh High School in south St. Louis County.
https://fox2now.com/news/missouri/cash- ... cisco/amp/
Joey Schneider
1 day ago
SAN FRANCISCO – Bob Lee, a St. Louis-raised tech executive and the founder of Cash App, was stabbed to death Tuesday in San Francisco.
Lee, who has also served as chief product officer of MobileCoin, was fatally stabbed in downtown San Francisco.
Lee was fatally stabbed in the densely populated Rincon Hill neighborhood of San Francisco, near Google’s office and Oracle Park, home to the San Francisco Giants. The neighborhood is a mix of offices and modern condo buildings.
Lee was raised in St. Louis and a graduate of Lindbergh High School in south St. Louis County.
https://fox2now.com/news/missouri/cash- ... cisco/amp/
TechSTL Tech Week is next week April 24th through April 28th.
https://techstl.com/techweek/
30 events at 26 different locations. The mayor and the governor are speaking at the opening ceremony on Monday the 24th @ WWT HQ.
All tickets are free.
https://techstl.com/techweek/
30 events at 26 different locations. The mayor and the governor are speaking at the opening ceremony on Monday the 24th @ WWT HQ.
All tickets are free.
EDA released an updated Fact Sheet on the Tech Hubs program. Becoming even more competitive than I originally anticipated.
https://www.eda.gov/news/blog/2023/04/1 ... &utm_term=
Applications open April/May for Phase I. 15 to 20 will be selected and will split $15m for late stage planning and will be invited to apply to Phase II
Phase II will award 5 regions the remaining $485MM for implementation.
https://www.eda.gov/news/blog/2023/04/1 ... &utm_term=
Applications open April/May for Phase I. 15 to 20 will be selected and will split $15m for late stage planning and will be invited to apply to Phase II
Phase II will award 5 regions the remaining $485MM for implementation.
IMO, St. Louis is still a favorite for the program. STL exceeds most similarly sized peers in emerging tech identification/maturity (geospatial, advanced manufacturing, bio tech, fin tech) and ability to implement (large corporate presence, research institutions to support, and proof of VC). STL is also the definition of equity/diversity challenges that EDA is prioritizing.
Just my political theory… Cori will advocate hard and I don’t think it’s impossible that IL Senators Durbin and Duckworth will support a bi-state application assuming Chicago is too large and is already recognized as a hub. If dumb (Schmitt) and dumber (Hawley) can focus long enough to get behind it… STL should be golden.
Primary factors working against STL are the quantity of applicants EDA will receive and STLs award last year for advanced manufacturing center. Feds try to spread investment out and may try to avoid double gifting STL.
Just my political theory… Cori will advocate hard and I don’t think it’s impossible that IL Senators Durbin and Duckworth will support a bi-state application assuming Chicago is too large and is already recognized as a hub. If dumb (Schmitt) and dumber (Hawley) can focus long enough to get behind it… STL should be golden.
Primary factors working against STL are the quantity of applicants EDA will receive and STLs award last year for advanced manufacturing center. Feds try to spread investment out and may try to avoid double gifting STL.
Anyone with insight why Strange Loop is closing down? It's probably one of the biggest crown jewels in the local tech scene.
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They announced it last September, so it's a planned final year. Which makes me believe it's just time, in their eyes, to move onto something bigger and better.
Benson Hill Announces First Quarter 2023 Financial Results
Reported revenues increased 104 percent year-over-year to approximately $135 million, including an increase of 80 percent in proprietary revenues.
Reported gross profit was $9.5 million ($4.3 million when excluding an approximate $5.2 million impact from open mark-to-market timing differences).
The Company improved its 2023 guidance for Adjusted EBITDA and free cash flow.
https://www.businesswire.com/news/home/ ... al-Results
$BHIL up 16% pre-market to $1.43
Reported revenues increased 104 percent year-over-year to approximately $135 million, including an increase of 80 percent in proprietary revenues.
Reported gross profit was $9.5 million ($4.3 million when excluding an approximate $5.2 million impact from open mark-to-market timing differences).
The Company improved its 2023 guidance for Adjusted EBITDA and free cash flow.
https://www.businesswire.com/news/home/ ... al-Results
$BHIL up 16% pre-market to $1.43
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Not sure if this was posted anywhere else.
St. Louis groups to compete for $160 million grant to boost regional economy
St. Louis groups to compete for $160 million grant to boost regional economy
https://www.stltoday.com/business/local/st-louis-groups-to-compete-for-160-million-grant-to-boost-regional-economy/article_8ab43cb0-f0cb-11ed-93a8-5b6f16217265.htmlThe National Science Foundation announced that Washington University and bioscience booster BioSTL were among 44 recipients across the country to receive an initial $1 million planning grant.
The groups said they will focus on turning local neuroscience research and innovation into economic growth and jobs. If selected by the NSF, they would then receive the larger grant.
Donn Rubin, founding president and CEO of BioSTL — an industry group focused on creating and investing in startups in the life sciences — said the opportunity to compete for the larger dollar amount is a big deal for the region.
"We can really lift up neuroscience as one area that can truly make St. Louis shine,” said Rubin, who also chairs BioSTL’s investment arm, BioGenerator. “We have the credibility, we think, to stand up and say we can be a world leader.”
St. Louis based Intramotev gets grant to deploy self-propelled rail cars at mining site in Michigan’s Upper Peninsula.
https://www.freightwaves.com/news/intra ... ining-site
They just moved and expanded their HQ in STL so I doubt they’re going anywhere anytime soon, but a $200k grant from the state of Michigan is kind of significant, especially when Detroit is trying to expand beyond traditional auto and position itself as a “mobility innovation” hub.
Cool news for the company either way.
https://www.freightwaves.com/news/intra ... ining-site
They just moved and expanded their HQ in STL so I doubt they’re going anywhere anytime soon, but a $200k grant from the state of Michigan is kind of significant, especially when Detroit is trying to expand beyond traditional auto and position itself as a “mobility innovation” hub.
Cool news for the company either way.
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While this announcement about ARPA-H is two months old, what do you guys think will be the chances for St. Louis to land one of the hubs for this agency. A decision will be announced in the fall.
https://ssti.org/blog/arpa-h-releases-details-site-selection-and-first-baaAlthough the region for the first hub site has already been determined, ARPA-H will issue a draft Request for Consortium Agreement (RCA) to solicit recommendations for the second and third hub sites. Submitted recommendations should describe why the geographic location is a best fit considering the goals and capabilities of ARPA-H.
The first hub, to be located in the National Capital Region (NCR), will take a “human-centered approach” and emphasizes stakeholder engagement and legislative collaboration to ensure new health capabilities reach target populations. Key criteria in selecting NCR as the geographic location of Hub No. 1 included proximity to ARPA-H stakeholders and federal partner agencies for in-person collaboration, proximity to an airport, flexible co-working space and a space that can accommodate 85-100 employees, as well as other criteria.
Hub No. 2 will act as a customer experience hub, focusing on in-demand products and services, drive user testing, capture data and conduct clinical trials, all in order to reach target patient populations.
The third and final hub, an “investor catalyst,” will assist performers in bringing their ideas to the market and will include a small team of ARPA-H team members to support the agency’s goals. Each of the three hubs will have a performance period of five years and ARPA-H intends to announce awards and locations of all three hubs by early fall 2023.
Aren’t all the links you’re posting what addxb2 has been updating us on for the last year or two?
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No, what addxb2 is talking about is a tech hub program from the EDA (U.S. Economic Development Administration), while ARPA-H is a new federal agency within the NIH that was established last year. When originally announced, ARPA-H was looking to establish one national HQ, but earlier this Spring they changed course and decided to establish three national hubs instead. The first one is in DC and the other two will be in cities chosen this fall.sc4mayor wrote: ↑May 18, 2023Aren’t all the links you’re posting what addxb2 has been updating us on for the last year or two?
https://www.nih.gov/arpa-h
This is like the third program from the feds I’ve seen recently that will establish some sort of “hub” outside of traditional, high performing markets lol. Starting to turn into a joke. Especially if you’re naive enough to think one city can possibly win them all. But I suppose the Feds probably get more jollies from playing American cities off one another instead of identifying those cities individual strengths and simply helping those regions grow those strengths.
We’ve long identified what we do well here in STL…but let’s spend a bunch more money attempting to explain the obvious to the Feds.
We’ve long identified what we do well here in STL…but let’s spend a bunch more money attempting to explain the obvious to the Feds.
Nicklaus: St. Louis high-potential tech startup emerges from stealth mode
https://www.stltoday.com/business/local ... b0b00.html
The company has been in St. Louis since 2018 but operated in stealth mode until recently, keeping a low profile while it perfected its optimization algorithm. Ledbetter said it now has a “commercial-ready product” and expects to sign customers soon, starting with the financial services industry.
SimpleRose has 28 employees, about two-thirds of them at its Olive Street headquarters. It has raised $47.3 million in capital, including a $23 million round that closed last month.
None of those, however, is the real reason why SimpleRose is here. “Blame him,” Ledbetter said, pointing to his son, Noah, the company’s principal high performance computing engineer, who previously was a lecturer in biomedical engineering at Washington University. “My wife said St. Louis was attractive because we have two grandchildren here.”
Most of Cultivation Capital’s investments are in firms that already have customers and revenue, not in pre-revenue companies like SimpleRose. Matthews, though, said he “felt lucky that we were getting a shot” at a company he thinks could achieve unicorn status, or a billion-dollar valuation.
https://www.stltoday.com/business/local ... b0b00.html
The company has been in St. Louis since 2018 but operated in stealth mode until recently, keeping a low profile while it perfected its optimization algorithm. Ledbetter said it now has a “commercial-ready product” and expects to sign customers soon, starting with the financial services industry.
SimpleRose has 28 employees, about two-thirds of them at its Olive Street headquarters. It has raised $47.3 million in capital, including a $23 million round that closed last month.
None of those, however, is the real reason why SimpleRose is here. “Blame him,” Ledbetter said, pointing to his son, Noah, the company’s principal high performance computing engineer, who previously was a lecturer in biomedical engineering at Washington University. “My wife said St. Louis was attractive because we have two grandchildren here.”
Most of Cultivation Capital’s investments are in firms that already have customers and revenue, not in pre-revenue companies like SimpleRose. Matthews, though, said he “felt lucky that we were getting a shot” at a company he thinks could achieve unicorn status, or a billion-dollar valuation.
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St. Louis biosciences group offers free training, child care to fill hundreds of jobs
https://www.stltoday.com/news/local/business/st-louis-biosciences-group-offers-free-training-child-care-to-fill-hundreds-of-jobs/article_b0303b36-1512-11ee-824e-d3c6cfbbe581.htmlBioscience boosters have started recruiting residents in the metro area for free training programs, aiming to fill a glut of open jobs in the industry. The program — Biotech for MO — will provide free childcare and transportation to at least 200 people in the region and the first trainees could begin jobs by the end of the year.
By targeting women, people of color, and those from lower-income households, the program is designed to both fill necessary roles in the bioscience industry and provide people the training necessary to get a good-paying job.
“Today, we spend a lot of time preparing employees to go into the production lab,” said Rick Cook, chief operating officer at Ceva Animal Health. “There is a lot to learn about how to operate in a sterile environment, safety procedures and production processes that can vary from one product to another. If programs like this shorten that timeline, we’ll become more efficient, more productive and better able to respond to customer needs.”