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Family Business Profile: New ownership eyes growth as Atlas Iron Works hits century mark

2 years 3 months ago
Kenton Klein’s decision to become a fourth-generation owner of St. Louis steel fabrication company Atlas Iron Works wasn’t part of a succession plan. As his father, Dick Klein, ran Atlas as the third-generation owner, Kenton Klein forged his own entrepreneurial path, launching and operating IT company Healthy PC. But in recent years, as Dick Klein approached retirement, Kenton Klein says his “heartstrings started pulling” as he considered the future of the century-old firm. Today, Klein…
Nathan Rubbelke

St. Louis, O'Fallon consider 3% sales tax on recreational marijuana

2 years 3 months ago
The cities of St. Louis and O’Fallon, Missouri, are considering a 3% sales tax on recreational marijuana, that’s in addition to the state's 6%. St. Louis Ward 12 Alderman Bill Stephens said the money from the sales tax would go into the general fund. "I think we're all aware of the declining population of the city. That means a shrinking tax base. So I think in a lot of ways, this 3% tax could absolutely be a much-needed lifeline for the city's operations,” Stephens said. If the Board of…
Laura Barczewski, KSDK

Dan McLaughlin out as Cardinals broadcaster after recent DWI

2 years 3 months ago
St. Louis Cardinals broadcaster Dan McLaughlin and Bally Sports Midwest have announced he will be stepping away from broadcasting.  McLaughlin, 48, was charged in early December by the Creve Couer Police Department as a persistent offender with one count of driving while intoxicated, a Class E felony, and one misdemeanor count of failing to drive within a single lane. He was previously charged and pleaded guilty to two DWIs, one in 2010 and one in 2011.  In 2010, he was sentenced to two years…
Alli Hebel

St. Louis aldermen weigh stripping their authority to recommend subsidies for projects

2 years 3 months ago
Legislation being considered by the city of St. Louis would strip aldermen of authority to recommend specific subsidy amounts for projects in their wards, a departure from long-standing practice that follows the corruption convictions earlier this year of three aldermen on tax abatement and other schemes. The board bill, from Alderman Shane Cohn, was heard Thursday at the Board of Aldermen's Housing, Urban Development and Zoning Committee. He indicated it could change some, including with input…
Jacob Kirn

3 startups win follow-on funding from Arch Grants to expand locally

2 years 3 months ago
Arch Grants, the St. Louis nonprofit that provides equity-free grants to startups, is giving a second round of funding to three of its portfolio companies. The startup funder said Thursday it is providing $100,000 grants to three of its St. Louis-based portfolio companies through its Growth Grants program, which gives follow-on funding to help previous Arch Grants winners expand locally. Thursday's announcement follows Arch Grants' announcement in November that it had awarded grants to 23 companies…
Nathan Rubbelke