The amount of venture capital funding snagged by St. Louis startups dropped off considerably in 2022, mirroring a nationwide decrease that comes after companies raised a record total in the prior year.
When Brandi Artis moved to St. Louis less than two years ago, she quickly turned her lifelong love of food into a career. She opened her first restaurant, 4Hens Creole Kitchen, in City Foundry STL, and quickly followed with a second, Simply Delicious downtown. And she's not finished yet.
As the process to gain tax incentives from the city of St. Louis moves ahead, the developer behind a redo of the AT&T tower downtown detailed its disrepair and market studies that led to a $300 million mixed-use proposal to convert the building from offices to apartments, a hotel and modern office space.
Bankers and investment managers in the St. Louis area say they are approaching 2023 with a degree of caution. A possible recession looms as the Fed continues to try to tamp down inflation and avoid a deep downturn in the economy.
To many St. Louis restauranteurs, the calamitous start to the 2020s has made the old axiom "whatever doesn't kill you makes you stronger" into something of a mission statement.
As the broader economy worries about the possibility of a recession in 2023, the technology and innovation sectors begin the new years with cracks already starting to show after years of record growth. Why one local investor says 2023 will bring a return to the past.
From retail and office to industrial and construction markets, St. Louis-area real estate leaders aren’t so much worried about a slowdown in demand than from the ripple effects of a broader economic slowdown.
In a post-Covid landscape, customers at fast-casual restaurants have changed the way the order their food. "We need to have ordering options across every platform," a company spokeswoman said.
More than two-thirds of the economists at 23 large financial institutions are betting the U.S. will have a recession in 2023, The Wall Street Journal reported. The economists cite consumers spending down their pandemic savings, the decline in the housing market and banks tightening lending standards.
St. Louis-area nonprofits have weathered an increased demand for services and related increased costs while navigating the pandemic. Now, facing an uncertain economy, they find themselves preparing for surging demand and decreasing donations.
The National Bureau of Economic Research has a traditional definition of a recession, but it also exercises a degree of flexibility in determining which measurements are weighed when determining if a recession is in effect.
Especially for a restaurant, making it to 55 years is a feat. Mike Kupstas, CEO of St. Louis-based Lion’s Choice, shares the chain’s keys to success, which can be applied to any industry.
A big-box shopping center in the Metro East has landed two large anchor tenants for a $7 million redevelopment that will fill nearly 70,000 square feet of space that’s been sitting empty for four years.
Police officers swept the entire 1.2 million-square-foot building at 615 Olive St. Wednesday, forcing four or five people who were apparently living inside to leave before the city boarded it up.
The firm, provider of software products and services to communications and media companies, marks the latest technology firm to scale back its workforce. It said its layoffs are being made "out of responsibility and alertness to what is happening in the world."
A Missouri boarding school for boys labeled the “Christian Reform School from Hell” by Rolling Stone magazine has announced it will be closing this month.
In a statement obtained by KSDK, Bryan Clemensen, who until November had been director of the Agape Boarding School, wrote:
Robert Bucklin said he spent five years at the Baptist facility in Stockton, Missouri, and was the victim of abuse there.
“After years of fighting for justice, justice has finally prevailed,” he said moments after…
Moran Foods LLC, the St. Ann-based parent company of the Save A Lot grocery business, said it has completed a debt refinancing that will provide it with more liquidity and operational flexibility while lowering its borrowing costs.
Moran said last week in a press release that effective Dec. 30, the company closed on the refinancing of debt facilities put in place at the time of the company's 2020 restructuring.
The refinancing includes a new $200 million, five-year asset-based lending (ABL) credit…
Mazur’s new role involves overseeing the pursuit of research partnerships between the St. Louis-based Taylor Geospatial Institute and government and the private sector. That includes partnerships focused on joint-funded research and co-development collaborations with businesses and government agencies.
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