LockerDome is now Decide:
https://www.bizjournals.com/stlouis/inn ... Nz4B6oI3RM
https://www.bizjournals.com/stlouis/inn ... Nz4B6oI3RM
Top 10 Cities for Entrepreneurs of Color
https://www.jobsage.com/blog/top-10-cit ... -of-color/
https://www.jobsage.com/blog/top-10-cit ... -of-color/
1. St. Louis, Missouri
The Gateway to the West is home to diverse business owners across industries like real estate, tech, fashion, food service, retail, and more.
St. Louis has one of the highest rankings on our parity index, meaning that the city’s minority population is proportionally represented in business ownership. Though minority groups only make up 26.3% of the city’s population, 25% of startups are minority-owned.
Programs such as the St. Louis Diverse Business Accelerator help ethnically and racially diverse business owners in the Greater St. Louis area grow their business and succeed.
St. Louis quick stats
Percentage of startups that are minority-owned: 25.03%
Annual sales at minority-owned startups: $193,558,000
Total number of minority-owned startups: 2,279
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^Not sure how profile JobSage is, but it's certainly nice to see some good press. 
Some big money could be coming to the MTC as startup activity across Missouri declines:
https://www.stltoday.com/business/local ... 8cc34.html
https://www.stltoday.com/business/local ... 8cc34.html
The opportunity for a new cash infusion comes as some of Missouri's early investments are paying off. Benson Hill, an agricultural technology firm, was lured here from North Carolina in 2013 by MTC and other investors. It went public last year and employs more than 350 people.
A 2011 MTC investment helped keep Confluence Life Sciences, founded by former Pfizer researchers, in town. It's now part of a billion-dollar company called Aclaris Therapeutics.
……
A recent MTC strategy report, though, mentions concern that Missouri “is beginning to lose the deal flow and investment momentum it has built.” TechStars, an international accelerator fund, pulled out of Kansas City in December after an eight-year run.
PD article on Stereotaxis move and expansion from CORTEX to downtown. Not sure if old news on thread
https://www.stltoday.com/business/local ... r-business
ST. LOUIS — Just a few years ago, Stereotaxis was on the brink of insolvency, losing millions of dollars a year with millions more in debt.
Now, the local medical device company is growing revenues, adding investors and leaving its longtime home in the Cortex technology district. It expects its new space, at the Globe Building in downtown St. Louis, to more than triple manufacturing capacity. Stereotaxis CEO David Fischel said the new building is designed for collaboration. “It can accommodate significant growth of the team,” he said.
Stereotaxis is cutting the ribbon on its new home on Wednesday. But the move represents more than Stereotaxis’ success. The company was the first tenant at Cortex in the early 2000s. Its move to downtown’s Globe Building marks a key step for the new Downtown North Urban Insight District, north of Washington Avenue.
https://www.stltoday.com/business/local ... r-business
ST. LOUIS — Just a few years ago, Stereotaxis was on the brink of insolvency, losing millions of dollars a year with millions more in debt.
Now, the local medical device company is growing revenues, adding investors and leaving its longtime home in the Cortex technology district. It expects its new space, at the Globe Building in downtown St. Louis, to more than triple manufacturing capacity. Stereotaxis CEO David Fischel said the new building is designed for collaboration. “It can accommodate significant growth of the team,” he said.
Stereotaxis is cutting the ribbon on its new home on Wednesday. But the move represents more than Stereotaxis’ success. The company was the first tenant at Cortex in the early 2000s. Its move to downtown’s Globe Building marks a key step for the new Downtown North Urban Insight District, north of Washington Avenue.
Brookings: Superstars, rising stars, and the rest: Pandemic Trends and Shifts in the geography of tech
https://www.brookings.edu/research/supe ... y-of-tech/
“Rising stars Atlanta, Dallas, Denver, Miami, Orlando, San Diego, Kansas City, St. Louis, and Salt Lake City also powered through the first year of the pandemic to turn in positive growth and add a combined 14,000 tech jobs while slightly increasing their aggregate share of the nation’s tech sector. Dallas, Atlanta, Denver, and St. Louis all added tech jobs at annual growth rates in excess of 3%. And St. Louis saw its tech growth rate increase from 3.9% over the 2015-19 period to 4.8% in 2020.”
“Similar patterns played out among the rising star metro areas: Growth among these leading metro areas slowed from 5% a year to 2.9%, as all of the rising stars except St. Louis saw slowing growth (although in none of these vibrant locations did growth turn negative).”
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https://www.brookings.edu/research/supe ... y-of-tech/
“Rising stars Atlanta, Dallas, Denver, Miami, Orlando, San Diego, Kansas City, St. Louis, and Salt Lake City also powered through the first year of the pandemic to turn in positive growth and add a combined 14,000 tech jobs while slightly increasing their aggregate share of the nation’s tech sector. Dallas, Atlanta, Denver, and St. Louis all added tech jobs at annual growth rates in excess of 3%. And St. Louis saw its tech growth rate increase from 3.9% over the 2015-19 period to 4.8% in 2020.”
“Similar patterns played out among the rising star metro areas: Growth among these leading metro areas slowed from 5% a year to 2.9%, as all of the rising stars except St. Louis saw slowing growth (although in none of these vibrant locations did growth turn negative).”
Greater St. Louis helped secure close to $125 million for the MTC. A huge increase and what should be a nice boon to the state’s startup scene.
https://www.greaterstlinc.com/project/s ... 4x8U949w2M
$30 million overall budget and an additional $94.9 million in SSBCI funds for FY23.
https://www.greaterstlinc.com/project/s ... 4x8U949w2M
$30 million overall budget and an additional $94.9 million in SSBCI funds for FY23.
^ Thanks for posting sc4mayor. What I don't quite understand is this done as far as the budget goes, what Gov will sign? and or this simply State Senate position to be negotiated with Gov & statehouse.
The state budget is one bill, from the bottom of that link:
The budget now heads to the Governor’s desk for approval.
^ thanks, I didn't realize that you had a post in the MO politics thread as well.
MIT selects St. Louis for two-year program to boost entrepreneurs
https://www.stltoday.com/business/local ... 9d284.html
https://www.stltoday.com/business/local ... 9d284.html
MIT’s Regional Entrepreneurship Acceleration Program will focus on growing St. Louis’ bioscience and geospatial sectors. It will include representatives from Greater St. Louis Inc., BioSTL, GeoFutures, Cortex, Danforth Plant Science Center and Pluton Biosciences Inc.
Nicklaus: McDonnell Foundation's shift could give St. Louis a 'massive' boost
https://www.stltoday.com/business/colum ... 185e6.html
https://www.stltoday.com/business/colum ... 185e6.html
The James S. McDonnell Foundation, founded by “Mr. Mac” in 1950, has spent several decades funding research in human cognition and complex systems.
The foundation's board, made up of two sons and seven grandchildren of the founder, has decided to change direction. Instead of funding academic science around the world, its future grants will focus squarely on St. Louis. It will support regional causes including economic mobility, workforce development, science and math education and the life sciences.
........
“St. Louis is where we're from and where we grew up,” Alicia McDonnell said. “St. Louis is where my grandfather chose to come and build his company. We're very emotionally attached to it and proud of it.” The foundation has $590 million in assets, according to its 2019 tax return, and it gives away about $20 million a year. Jason Hall, chief executive of business and civic group Greater St. Louis Inc., said the move fills a gap left when another prominent family, the Danforths, wound down their foundation more than a decade ago. Besides launching the Danforth Plant Science Center, the Danforth Foundation backed Great Rivers Greenway and a host of other civic initiatives.
“This is massive,” Hall said of the McDonnells' decision. “You have to do a lot of things right to grow as a region. You have to have a strategy, a structure and you need civic capital to seed worthwhile projects.”
Cybersecurity firm Netskope opens office in Clayton as 'primary hub' for central U.S. operations
https://www.bizjournals.com/stlouis/new ... XvGMtx1TPI
https://www.bizjournals.com/stlouis/new ... XvGMtx1TPI
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Current construction progress:sc4mayor wrote: ↑Jul 29, 2021Drug maker seeks subsidy for $86M expansion
https://www.bizjournals.com/stlouis/new ... 0#cxrecs_s
Roughly 170 new jobs.Patheon Biologic LLC is seeking St. Louis County subsidies for the project, which would be adjacent to its existing facility at 4766 LaGuardia Drive. Government documents say the new, 58,000-square-foot expansion includes two manufacturing suites, to be built over two years, that "will manufacture life changing and saving biologic drug substance products that treat a variety of cancers, arthritis, Hemophilia and Crohn's disease." Patheon currently has 669 employees at its facility, the documents say.
St. Louis County, through its County Council, is contemplating authorizing the issuance of up to $85 million in bonds for the project, plus approval of real and property tax abatement at a rate of 50% over 10 years. A sales tax exemption on construction materials is also being contemplated. Documents from the organization called the project "competitive" with other company locations.
Also announced at the latest company Town Hall Meeting was an expansion to Building 3 with a cafeteria and gym/workout area, plus additional office space:
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20 cities will become federally-designated tech hubs and St. Louis has a MO-IL effort going to become one of them. Statement from Greater STL:
https://greaterstlinc.com/news/public-p ... ub-program
https://greaterstlinc.com/news/public-p ... ub-program
Austin
Bay Area, CA
Boston
Chicago
Denver
Dallas and/or Houston
New York
Los Angeles
Seattle
Washington D.C.
I feel like these cities/regions would be locks.
I hope St. Louis can secure a spot -- and I think it can, with its reach in geospatial sciences, the medical and financial fields, aviation, plant sciences, animal sciences, etc.
Bay Area, CA
Boston
Chicago
Denver
Dallas and/or Houston
New York
Los Angeles
Seattle
Washington D.C.
I feel like these cities/regions would be locks.
I hope St. Louis can secure a spot -- and I think it can, with its reach in geospatial sciences, the medical and financial fields, aviation, plant sciences, animal sciences, etc.
Another interesting tech story I hadn't heard about until just now.
Biden wants to establish a new health agency, ARPA-H, and he wants to do it outside of the Washington D.C. area. St. Louis area leaders are vying for the project, citing St. Louis' tech and medical strengths.
https://greaterstlinc.com/news/metro-le ... y-st-louis
"ARPA-H – modeled after the Pentagon’s Defense Advanced Research Projects Agency (DARPA), which is credited for developing the technology that helped create the internet – would focus on breakthrough health care and technology innovations and look for and fund ways to cure cancer, Alzheimer's disease, diabetes, and more. With $1 billion in funding appropriated for its establishment, the agency will support a broad array of high-risk, high-reward research from medications to artificial intelligence."
Biden wants to establish a new health agency, ARPA-H, and he wants to do it outside of the Washington D.C. area. St. Louis area leaders are vying for the project, citing St. Louis' tech and medical strengths.
https://greaterstlinc.com/news/metro-le ... y-st-louis
"ARPA-H – modeled after the Pentagon’s Defense Advanced Research Projects Agency (DARPA), which is credited for developing the technology that helped create the internet – would focus on breakthrough health care and technology innovations and look for and fund ways to cure cancer, Alzheimer's disease, diabetes, and more. With $1 billion in funding appropriated for its establishment, the agency will support a broad array of high-risk, high-reward research from medications to artificial intelligence."
It would be incredible if we got it here! Hopefully, however, this federal agency wouldn't level 20 blocks of a neighborhood to do so.
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^That could be a sweet use for an iconic structure. Stick the department's seal at the top, even.
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I wonder what it could do for the region if we could land ARPA-H and also a designation as one of the 20 "tech hubs" by the United States government.
I'm also wondering what our chances really are at landing either.
I'm also wondering what our chances really are at landing either.