BizJournal 💲📰

With its $500 million investment, a New York-based private equity fund manager has become the largest shareholder in the St. Louis company.

In addition to the new cafe, Schnucks shoppers will find five varieties of Northwest Coffee's gourmet coffee on shelves at select stores in the region later this spring.

Target Corp. on Monday said that it will boost its starting pay for workers beyond $15 an hour and expand health benefits for employees and families. Target has about 21 St. Louis-area stores, including in Metro East. The Minneapolis-based retailer said its new starting wage for hourly workers at Target stores, supply chain facilities and headquarters locations will range from $15 to $24 per hour. The highest wages won't be available everywhere or for all jobs — warehouse workers often make…

More than 230 nominations were submitted for the St. Louis Business Journal's 2022 Best Places to Work Awards. The 74 companies identified here stand out as the finalists in this year's program.

With the expansion, Denim Social has added a vice president of strategy and chief revenue officer, both newly created roles at the startup.

Interim President LaTonia Collins Smith has been named Harris-Stowe State University's 21st president and is the first African American woman to hold that role.

Mask mandates came to an end Monday in the state of Illinois and St. Louis County. It comes at a time when CDC officials say more than 70% of the U.S. population lives in counties where the coronavirus is posing a low or medium threat to hospitals. In St. Louis County, public health officials rescinded the mask order at 8 a.m. and in its place issued a public health advisory that encourages mask use. Noting that as of Feb. 26, St. Louis County is now in the medium level of community transmission,…

An IT asset disposal and recycling business looking to hire over 60 workers for a new processing facility it plans to open in St. Charles County.

David Kutchback, who led job-placement and training nonprofit MERS/Missouri Goodwill Industries as president and CEO for six years of a more than 40-year career with the nonprofit, died Friday.

The goal is to grow 50 or more minority-owned businesses over eight years around the country that will provide “high-paying, high-opportunity jobs,” said Sandra Moore, chief impact officer and managing director of Advantage Capital.

The 48,000-square-foot leased store, located in a new shopping center, will employ about 70 workers.

A St. Louis tech firm says it has 13 Ukrainian contractors, 10 of whom remain in the country amid the Russian invasion. "Does something happen to the team specifically, their well-being and health? There’s a lot of uncertainty."

A regulatory filing lists the new investment fund's total offering as $100 million and states its first sale has yet to occur.

Ascension, the St. Louis-based Catholic nonprofit health system, has inked a three-year deal with a professional league for a new event to be held in conjunction with the Ascension Charity Classic, a PGA Tour Champions tournament that launched in 2021.

The move to put 95 acres up for sale comes as Bayer envisions "a future that will require less physical office space than before."

Cigars are special. They look special in their well-designed boxes, their shapes and particularly their great color.

Scott Chadwick, PH.D. Chief of Corporate Partnership Acquisitions, Maryville University MaryvilleWORKS at Maryville University creates tailored workforce development education designed to help companies deliver on their value proposition. Scott began his career as a consultant for Arthur Andersen, after which he became a balance sheet analyst for Firestone, and later designed financial software for Sprint. After earning his PhD in communication and conflict, Scott taught at Oregon State and Iowa…

Maria Angelidou-Smith has worn different hats during her eight years at Meta Platforms Inc., the former Facebook Inc., starting with work for the company’s investment in creator monetization and continuing to her current role as head of communities. While her title has changed, a common thread in her jobs has been to support and inspire a diverse team of colleagues through mentorship opportunities. “Changes in my roles gave new life to the mentorships because these were new and more senior opportunities…

Two of St. Louis' largest publicly traded companies said they've altered their operations in Ukraine as a result of Russian military attacks in the Eastern European country.

The chairman and CEO of St. Louis' largest public company has taken a medical leave of absence for what he called "a treatable medical condition."