BizJournal 💲📰

The gap between supply and demand is affecting St. Louis renters with annual income no higher than $22,400 who make up about 27% of all renters, according to a new study that gives the city and county an "F" grade in affordable housing for Black households, renters and people with the lowest income.

The state of California has taken back some of the tax breaks it offered to Centene Corp. as an incentive to build its western hub in Sacramento, after the health insurance company missed its hiring promises for the project.

The industrial giant has strengthened its corporate venture capital arm, with plans to invest $100 million in startups over the next five years.

Two years after a golf ball he designed hit store shelves through a deal with Callaway Golf Co., 88-year-old St. Louis serial entrepreneur Ray Barrett is taking another swing at a new golf technology. Here's how his newest innovation could improve your golf game.

A St. Louis-based professional services firm targeting the architecture, engineering and construction sector for acquisitions has made its first buy and is adding staff after an influx of cash from a New York-based private investment firm.

Lawmakers in Washington passed a $1.2 trillion infrastructure package this past Friday. It will deliver $550 billion in new federal investment in America's infrastructure over five years, if President Joe Biden signs this into law. It should touch everything from bridges to roadways, airports, and water systems. Billions of dollars are expected to come in impacting both sides of the river. Missouri will receive around $8 billion and Illinois around $17 billion. MISSOURI INFRASTRUCTURE: A big…

Panera Bread Co., the bakery-cafe operator known locally as Saint Louis Bread Co., plans to go public again by partnering with restaurateur and St. Louis native Danny Meyer's special purpose acquisition company (SPAC). Panera Brands, a privately held company that includes the Panera Bread, Caribou Coffee and Einstein Bros. Bagels brands, said Tuesday it plans to file for an initial public offering with federal regulators. The company hasn't yet determined a price range, number of shares or effective…

The nonprofit St. Louis-area affiliate of the Public Broadcasting Service looked in house for its new top finance executive.

The program, launched in January, caters to the financial needs of families able to invest at least $50 million. “We had a lot of pent-up demand," said Nikki Newton, president of private wealth management at UMB.

The partnership will focus on buying companies and assets to build a market-leading pest control business.

Media organizations have been sounding the alarm about persistent labor shortages and the negative effects those shortages are having on business. A recent report from Yale University economists said the COVID-19 pandemic has created several factors that are limiting workforce participation. These include an inability to secure child care, early retirements from workers in the Baby Boom generation, fears about COVID-19 in the workplace and a general reappraisal of what workers want to do with their…

Benson Hill said its new facility gives it “more than twenty-fold expansion" in its ability to test products for the fast-growing plant-based foods market.

BJC HealthCare, the St. Louis-based nonprofit health system, announced leadership changes in its Center for Clinical Excellence.

The stalemate in St. Louis County over approving funding for the America's Center expansion is an opportunty to bring together the region’s smartest minds to take a hard look at the current plan, writes CRG's Jeff Tegethoff.

A Missouri legislator is willing to bet the house that sports wagering in the state would be a success after the Cardinals, Blues and St. Louis City SC announced they're backing ballot initiatives to legalize betting in the state. “I’m pro sports betting,” said Billy Schwarze. “Hopefully Missouri will consider it because I think it would be a win-win scenario for everyone.” “Sports are huge in the United States,” said Michael Hutchings. “I’m assuming that every state will have…

New data show how the St. Louis region had among the biggest year-over-year gains in the size of its construction workforce among major metro areas. But local experts say there still isn't enough workers to meet demand.

The 14-month curriculum is training nonprofit leaders how to navigate systemic barriers to accessing capital and real estate opportunities.

A subsidiary of Clayton-based Centene Corp. will assume health care for inmates in Missouri prisons later this month after a judge’s ruling Thursday in a state contract dispute. Corizon Health, which has held the state's prison medical care contract since 1992, sued the state's purchasing division in August for awarding the contract to Centurion Health, a Virginia-based unit of Centene, claiming problems with Centurion's bid should have disqualified the company. Cole County Circuit Judge Daniel…

Amid the nationwide labor shortage, St. Louis employers are turning to job fairs with higher pay, plus quirky gifts and snacks. Still, there are often few takers.

Current and former members of the board of directors at the Boeing Co. appear poised to settle a lawsuit filed by company shareholders related to the 737 MAX.  According to a report from the Wall Street Journal, those board members will pay $225 million — paid out by their insurers — and, some sources told the publication, Boeing (NYSE: BA) has also agreed to hire an internal ombudsman and will add a board member with aviation experience.  The company declined to comment.  Shareholders…