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BizJournal 💲📰

What drives pay for chief investment officers at endowments?

1 year 9 months ago
Nonprofit organizations play vital roles in modern societies across a wide spectrum, including the arts, medicine and education, and their endowment funds provide billions of dollars annually to support the missions of the organization they serve. Due to their typically low liquidity needs and infinite investment horizons, endowments can invest in illiquid asset classes, such as private equity and venture capital. However, such an approach to investing, often referred to as the endowment model pioneered…
Matteo Binfarè

St. Louis Community College offers bioscience workforce training as part of statewide effort

1 year 9 months ago
St. Louis Community College has been chosen as a partner to deliver workforce training in the critical area of bioscience. The $2 million initiative is funded through Missouri’s American Rescue Plan Act (ARPA), a $30 million competitive grant program administered by the Missouri Department of Economic Development. The college is supporting the establishment of BIOTECH for MO, one of the first bioscience industry-led, statewide workforce training effort. Leading this effort is BioSTL, a nonprofit…
St. Louis Community College

Edward Jones, UMSL take lead on project to target workforce diversity growth

1 year 9 months ago
The network’s members set a goal of increasing the amount they spend this year on payroll and procurement in the 22 ZIP codes by 10%. Payroll is for Black and Hispanic residents and procurement for businesses owned by people of color. If that goal is met, it would represent a projected $50 million increase in direct investment, said Stefani Weeden-Smith, director of the Anchor Action Network.
James Drew

Down to 4: Semifinal voting begins in St. Louis Inno Madness

1 year 9 months ago
And then there were four. We’ve reached the semifinal matchups in St. Louis Inno Madness, with four companies vying to be the 2023 Inno Madness champion. As with previous rounds, underdogs continue to excel in this year’s contest, with No. 20 HomeTraq and No. 27 VertiGreens advancing to the semifinal round. Top-seeded Arcadian Infracom remains in contention after winning in the first three rounds. As a reminder, seeding in the bracket was determined based on the amount of funding raised by…
Nathan Rubbelke