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Kirkwood residents vote down sales tax increase, tax increases approved in Ladue, Dardenne Prairie

2 years 10 months ago
Two tax increases passed and another failed during Tuesday's municipal elections in the St. Louis area. Voters in Dardenne Prairie approved a sales tax increase and voters in Ladue approved a property tax increase. In Kirkwood, however, voters shot down a sales tax increase. The added tax revenue will go toward road repairs in Dardenne Prairie and toward public safety in Ladue. The Kirkwood increase would have gone toward road repairs. The tax increase in Ladue will be a 30-cent increase on each…
Sam Clancy, KSDK

Startup that provides software to improve medical care raises $30M

2 years 10 months ago
St. Louis-based PierianDx, which has developed genomics software aimed at helping health care groups improve medical care, plans to pursue expansion after raising $30 million in financing. New York-based health care investment firm OrbiMed led the startup’s funding round, which includes equity investment and a term loan facility. Other investors in the deal include Health Catalyst Capital, Research Triangle Institute, Inova Health Systems, ATW Partners and SJF Ventures, PierianDx said the financing…
Nathan Rubbelke

Olin Corp. launches $1B stock buyback program

2 years 10 months ago
Olin Corp., the Clayton-based manufacturer and distributor of chemicals and ammunition, said Monday that its board approved a new $1 billion share repurchase program to increase the value of its stock. The new 2021 Share Repurchase Program calls for the company to buy back shares of Olin's common stock periodically, on the open market or in privately negotiated transactions. The program has no time limit, and purchases depend on factors including Olin's market price and general market and economic…
Diana Barr

St. Louis Board of Aldermen releases first draft of ward redistricting

2 years 10 months ago
The St. Louis Board of Aldermen unveiled the first draft of a new district map, another step in reducing the number of aldermen in the city from 28 to 14. Over the next two months, the Legislation Committee of the Board of Aldermen will hold public meetings to create a new, 14-ward map based on the 2020 Census. In order to make sure the changes are drawn in an equitable and legal way, the board is asking for public input at those meetings. The process, according to the city's website, is as follows:…
Sam Clancy, KSDK

St. Louis says more than 75% of city employees fully vaccinated, including police and fire departments

2 years 10 months ago
More than 75% of St. Louis city employees are fully vaccinated against Covid-19, according to a press release from the mayor's office Monday. The press release from Mayor Tishaura Jones' office said the data was collected by the city's health department and included civil service employees, the St. Louis Metropolitan Police Department and the St. Louis Fire Department. According to the press release, 76.4% of civil service employees are vaccinated, 78% of the police department is vaccinated and…
Sam Clancy, KSDK

St. Louis-based distiller plans $4M expansion at its Kentucky operations

2 years 10 months ago
A growing St. Louis-based distiller is planning a $4 million expansion in Bardstown, Kentucky. Lux Row Distillers, owned by St. Louis-based Luxco Inc., is expanding its 18,000-square-foot facility on 1 Lux Row in Bardstown. It will allow for 24-hour-a-day operation and help boost annual production by 75%, according to a news release. The company makes Ezra Brooks, Rebel, Daviess County, David Nicholson and Blood Oath bourbon brands. The completed project will have 10-barrel warehouses at capacity…
Eleanor Tolbert

Dierbergs says new St. Charles County store represents an 'evolution' of its brand. Here's what it looks like. (Photos)

2 years 10 months ago
Dierbergs Markets said it will reveal a new store layout Tuesday when it opens its new St. Charles County location. The 71,000-square-foot store, the chain's 26th in the St. Louis area, is located at the southwest corner of Ronald Reagan Drive and Orf Road in Lake St. Louis, adjacent to Lowes in the Shoppes of Hawk Ridge. Dierbergs broke ground on the project in December 2020. “It was an all-in effort to finish the project on time to open by November 2nd," Greg Dierberg, president and CEO of…
Diana Barr

From running your business to building it: How to create cash flow efficiencies that focus on growth

2 years 10 months ago
Running a business is riddled with must-do tasks that keep the company humming along day to day. But too often, these time-consuming tasks can distract you from focusing on more important things like growing your business. Some business owners are aware of this challenge, but many don’t realize the multitude of opportunities to create operational efficiencies that will free up two of their most valuable assets – time and capital. But, let’s face it, change can be hard. In fact, merely thinking…
Bill Forsythe