SLCEC Media Center
 
Welcome to the SLCEC Online Media Center - Press Releases
 
2007
 
The following press releases represent SLCEC announcements and activities.
The press releases appear by date in order of most recently published.
 
 

FOR IMMEDIATE RELEASE
August 26, 2008
Contact:  Nancy Schnoebelen
Vice President of Marketing & Communications
(314) 615-7617, nschnoebelen@slcec.com

St. Louis County Economic Council Hires VP of Real Estate & Community Development

Timothy M. Tucker has been named Vice President of Real Estate & Community Development for St. Louis County Economic Council. Tucker, a native of St. Louis, is responsible for managing a wide range of economic development projects throughout St. Louis County. His primary focus is to identify new initiatives and redevelopment opportunities while overseeing the activities of the Real Estate Division.

“I am extremely pleased Tim has joined our team,” said St. Louis County Economic Council President & CEO Denny Coleman. “He comes to us with a wealth of experience in the commercial real estate industry and knows the St. Louis market very well. He is a great addition to our organization.”
 
Tucker has a Bachelor of Arts in urban studies from Washington University. His work experience includes president of Blue Urban Kansas City operations where he oversaw its $70 million loft developments. Tucker also managed economic development projects at Trailnet Inc., Historic Restoration Inc. and International Building LLC.

St. Louis County Economic Council’s Real Estate & Community Development Division creates sustainable communities by identifying and implementing innovative strategies for effective land use and development. Special attention is given to sites that are idle, abandoned, underutilized, or environmentally contaminated. Redeveloping and reinvesting in such areas helps attract new business while enhancing quality of life.

St. Louis County Economic Council provides innovative solutions to companies and communities through business assistance, financing programs, business incubator opportunities, and international trade expertise through the World Trade Center Saint Louis.

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FOR IMMEDIATE RELEASE

August 12 , 2008
By: Barbra Murray, Contributing Editor
Commercial Property News

Pinnacle Picks Contractor for $375M St. Louis Casino Project

Pinnacle Entertainment Inc. takes a big step forward with the development of River City, its planned casino project in suburban St. Louis, Mo., as it taps Yates/Paric to serve as general contractor. Yates/Paric, a joint venture involving W.G. Yates & Sons Construction and Paric Corp., will operate under a contact valued at approximately $149 million for River City, the first phase of which carries a development price tag of $375 million.

River City is located in Lemay on 80 acres Pinnacle is leasing from the St. Louis County Port Authority. The project sits 10 miles from the Gateway City in the southern portion of St. Louis County and is slated to become one of the largest developments in the St. Louis area. Included in the initial phase will be a 90,000-square-foot casino, several restaurants and a multi-use center with athletic fields. Environmental cleanup, already completed, is also part of the first stage of the endeavor. According to company officials, Pinnacle selected Yates/Paric for the job based on the team's record of high-quality standards, ability to facilitate such a project on deadline, casino resort experience and familiarity with the local market.

Phase II of River City will feature a hotel with no fewer than 100 rooms to be developed at a cost of approximately $75 million. As per an agreement with the Port Authority documented in a November 2007 SEC filing, the second phase must reach completion within three years of the casino's debut. Pinnacle has--in addition to demand--great incentive to meet the deadline for the second segment of River City as, according to the Port Authority agreement, the company would incur annual liquidated damages that would max out at $20 million should Phase II not reach completion by 2017.

With Yates/Paric in place, construction of River City's first phase is on schedule to reach completion within 18 months. Pinnacle is hardly new to the St. Louis market; the company opened its $507 million Lumiere Place casino hotel in Downtown St. Louis in December 2007.

Las Vegas-headquartered Pinnacle owns and operates casinos in Indiana, Louisiana, Missouri and Nevada, as well as Argentina and The Bahamas. Additionally, the company has placed a bid to develop a casino resort in Kansas City, Kans., and owns a 20-acre parcel on Atlantic City's boardwalk, where it plans to build a multi billion dollar gaming resort.

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FOR IMMEDIATE RELEASE

August 11 , 2008
For further information, Contact:
At Pinnacle Entertainment – (702) 784-7777:
Dan Lee – Chairman & CEO
Steve Capp – CFO
Chris Plant or Lewis Fanger – Investor Relations
At Apogee Communications – (314) 324-8567
Mack Bradley (Media)
mack@apogee-communications.com

Pinnacle Entertainment Selects YATES/PARIC as General Contractor
for RIVER CITY CASINO IN ST. LOUIS COUNTY

LAS VEGAS, August 11, 2008 – Pinnacle Entertainment, Inc. (NYSE: PNK) today announced the selection of Yates/Paric as the general contractor for the Company’s River City casino project in the Lemay community of south St. Louis County, Missouri. Yates/Paric is a joint venture partnership of W.G. Yates & Sons Construction of Philadelphia, Mississippi and St. Louis-based Paric Corporation. River City, with a 90,000-square-foot casino, a new public roadway and other amenities, will be among the largest developments in St. Louis, and is in one of its most densely populated areas.

With offices in seven states, Yates has worked on some of the most significant casino projects in the nation, including the landmark Borgata Hotel, Casino and Spa in Atlantic City, the Pearl River Resort in Philadelphia, Mississippi and the Beau Rivage Resort and Casino in Biloxi, Mississippi.

“Yates, along with our partner, Paric, is very excited about the upcoming River City project with Pinnacle,” said William Yates, President of W. G. Yates & Sons Construction Co. “We look forward to being a part of such a significant project.”

Paric, based in O'Fallon, Missouri, is one of the largest privately held companies in St. Louis. Paric is a leading general contractor, construction manager and design-build firm in the St. Louis region. The company specializes in hospitality and institutional facilities, office/commercial interiors, historic renovations and the construction of healthcare facilities, senior living, commercial buildings and environmental systems.

“Paric is pleased to team with Yates on this wonderful project, a project that will benefit the entire St. Louis area,”
said P. Joseph McKee, Paric’s President and Chief Executive Officer.

With the substantial environmental cleanup on the Lemay site now complete, construction of River City is expected to move rapidly from this point. The project is expected to create approximately 600 union construction jobs, more than 1,000 permanent jobs and hundreds of ancillary service jobs for the region.

“Our approach to this selection was based on our high standards for quality and ability to execute a project of this magnitude in a timely fashion. After a deliberate process, we found Yates/Paric to be an excellent mix of deep casino resort experience and significant local expertise. We are pleased to have them on board,” said Daniel R. Lee, Chairman and Chief Executive Officer of Pinnacle Entertainment. “With Yates/Paric, we will now move ahead to the next phase of construction on this exciting new project.”

The construction contract provides a guaranteed maximum price for the cost of the building itself of $149 million, which is approximately 40 percent of the total project cost of $375 million. The remainder of the project costs include furniture, gaming equipment, the hiring and training of employees, marketing costs associated with the opening, site preparation, foundations and land costs, and the cost of the entrance road, among other things. The construction contract calls for completion of the building in 18 months, with the anticipated opening of the casino soon thereafter.

About River City Casino
The first phase of the River City project, estimated to cost $375 million, is planned to include a 90,000-square-foot casino, several restaurants, a multi-use community center along with athletic fields, environmental remediation of the site (already complete) and construction of a new roadway connector from I-55 to the South Broadway corridor. Located approximately ten miles south of downtown St. Louis in the community of Lemay, River City is scheduled to open near the end of 2009, pending final approval from the Missouri Gaming Commission. River City will be situated on approximately 80 acres of land leased from the St. Louis County Port Authority.

Pinnacle Entertainment was selected for two St. Louis-area projects in early 2004 by the City and County of St. Louis, and then by the Missouri Gaming Commission in competitive bid processes that included applications from several gaming companies. The first St. Louis-area project for the company, LumiËre Place, opened in December 2007.

About Pinnacle Entertainment
Pinnacle Entertainment, Inc. owns and operates casinos in Nevada, Louisiana, Indiana, Missouri, Argentina and The Bahamas and has significant insurance claims related to a hurricane-damaged hotel and casino complex previously operated in Biloxi, Mississippi. The Company opened LumiËre Place, a $507 million casino hotel in downtown St. Louis, Missouri, in December 2007. Pinnacle also has a second casino development project under construction in the St. Louis area, which opening is dependent upon final approval by the Missouri Gaming Commission. Pinnacle is currently developing a second casino resort in Lake Charles, Louisiana, to be called Sugarcane Bay; is developing a casino resort in Baton Rouge, Louisiana; and has submitted a proposal for a casino resort in Kansas City, Kansas, subject to various approvals. Additionally, Pinnacle owns a casino site at the heart of the famed Boardwalk in Atlantic City, New Jersey, on which it plans to build a major new casino resort.

About W. G. Yates & Sons Construction
W.G. Yates & Sons Construction of Philadelphia, Mississippi was founded in 1963 and now has more than 20 permanent offices. From the start, Yates has delivered its construction services by its motto: on time, within budget, to your satisfaction. The company has now worked across the nation and has performed multiple projects in several different venues. Yates specializes in both construction management and general contracting, and currently Yates ranks #17 nationally in General Building and recognized in the top five in Entertainment (Gaming) for the last six years, according to Engineering News-Record magazine.

About Paric Corporation
Paric pairs design/build services with construction management and negotiated general construction to offer its ”next-level” experience. When Paric partners with a client, Paric sets the bar higher than expected to ensure complete client satisfaction. The commercial, institutional, and industrial contractor manages construction projects ranging from universities and banks to warehouses and trade centers. Founded in 1979, Paric serves the hospitality, retail, industrial, historic renovation, interior construction, office, senior living and health-care markets.

All statements included in this press release, other than historical information or statements of historical fact, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, including statements regarding the timing of Pinnacle’s construction projects and expected budgets and expected job creation, are based on management’s current expectations and are subject to risks, uncertainties and changes in circumstances that could significantly affect future results. Accordingly, Pinnacle Entertainment cautions that the forward-looking statements contained herein are qualified by important factors that could cause actual results to differ materially from those reflected by such statements. Such factors include, but are not limited to: (a) many construction-related factors could prevent the Company from completing its construction and development projects within budget and on time; (b) the risk that the Company’s new development projects, proposed expansions to the existing facilities, and other capital intensive projects could strain the Company's financial resources and the risk that such projects and new developments might not provide for a sufficient return, if any; (c) the Company may not meet the conditions for receipt or maintenance of gaming licensing approvals for its St. Louis County project, some of which are beyond the Company’s control; and (d) other risks, including those as may be detailed from time to time in Pinnacle Entertainment’s filings with the Securities and Exchange Commission (“SEC”). For more information on the potential factors that could affect the Company’s financial results and business, review the Company’s filings with the SEC, including its Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K.

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FOR IMMEDIATE RELEASE

August 8 , 2008
For further information, contact:
Paul Arca
(314) 757-2000

82nd Airborne Memorial Event

St. Louis, Aug. 8, 2008 –The 82nd Airborne Division reunion and convention will be held at the Millennium Hotel St. Louis on August 12 to 16th. The festivities begin 11 a.m., Tuesday, August 12th at the 82nd Airborne Memorial in Jefferson Barracks National Cemetery.

An aerial display of paratroopers will take place at the Jefferson Barracks Park’s Army Reserve area, the site of the very first Airborne Parachute jump which occurred in 1912. The jump is scheduled between noon and 2 p.m., depending on weather conditions.

In addition to the paratroopers, rides, other attractions and concessions will be part of the public program. Archbishop of New Orleans Phillip Hannan, a veteran of the World War II 82nd Airborne Division and St. Louis County Executive Charlie A. Dooley will be in attendance, among others, to commemorate the historic event.

“The veterans of the 82nd Airborne Division have forged a legacy as one of America’s fiercest defenders that is righteously known around the globe,” said St. Louis County Executive Charlie A. Dooley. “The heroic sacrifices made by reunion participants and their fallen brethren will never be forgotten. I am sincerely honored to participate in this legendary unit’s day.”

At 10 a.m., Thursday, August 14th, 250 paratroopers from the 82nd Airborne Division will fly in directly from Fort Bragg, North Carolina to Illinois’ MidAmerica Airport for the special reunion and convention.

The 82nd Airborne Division of the United States Army is a modular airborne infantry division and was constituted in the National Army as the 82nd Division on March 5, 1917 and organized on March 25, 1917 at Camp Gordon, GA. Since members of the Division came from all 48 states, the unit was given the nickname “All American.” This is the basis for its famed “AA” shoulder patch.

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FOR IMMEDIATE RELEASE

August 8 , 2008
For further information, contact:
Loren Wassell
(314) 469-3500

Danforth Center Announces $2.4 Million Tax Credit to Support New Life Science Research Park

Project Advances St. Louis’ Role as World Leader in Plant Science

St. Louis, Aug. 8, 2008 – The Donald Danforth Plant Science Center today announced a $2.4 million tax credit to help fund the Bio-Research and Development Growth Park (BRDG Park).

The funds will help the St. Louis County Port Authority provide facilities for new and growing life science companies, adding jobs to the local economy. The first of three new office and laboratory buildings is already under construction adjacent to the Danforth research facility and is scheduled for completion next year.

The first BRDG Park building has created nearly 400 construction jobs and is expected to generate 350 permanent, full-time jobs.

“This project represents visible and dramatic progress toward the Danforth Center’s goal of enhancing our region as a world center for plant and life sciences,” said Sam J. Fiorello, chief operating officer of the Danforth Center.

“The St. Louis region is actively working to capitalize on our world-class life science institutions by creating a conducive environment for new companies to get started and grow. These tax credits will allow the BRDG Park to provide the affordable lab and office space these companies need,” he said.

The St. Louis County Port Authority obtained the support from the Missouri Development Finance Board and will sublease space in the BRDG Park to emerging life science companies and organizations that support them. The BRDG Park and Danforth Center are in discussions with St. Louis Community College for an innovative new program that would train future employees for careers in life science companies.

“Average workers in the life science industry earn more than $50,000 annually; promoting more of these new jobs will make a vital contribution to the economy of St. Louis County,” said St. Louis County Executive Charlie Dooley.

Danforth Center Announces $2.4 Million Tax Credit Add One

“The BRDG Park is creating high-tech, high-growth and high-pay jobs that diversify our employment base. They will benefit from their close proximity to the research scientists and institutions, and help ensure that the St. Louis region captures the economic benefits of our established scientific leadership,” Dooley said.

Wexford Science + Technology and Monsanto Company will contribute a total of $4.8 million to the Missouri Development Finance Board in return for the tax credits. The board, headed by Lt. Gov. Peter Kinder, has provided tax credits that contributed to the initial creation of the Danforth Center 10 years ago as well as the new Enterprise Rent-a-Car Institute for Renewable Fuels and the BRDG Park.

Wexford is developing the Bio-Research and Development Growth Park. In addition to the portion of the building subleased through the County Port Authority, tenants will include the NIDUS Center for Scientific Enterprise. NIDUS serves as an incubator and will sublease space to new start-up companies. The leasing agent for additional commercial tenants is CB Richard Ellis.

About The Donald Danforth Plant Science Center

Founded in 1998, the Donald Danforth Plant Science Center is a not-for-profit research institute with a mission to improve the human condition through plant science. Research at the Danforth Center will feed the hungry and improve human health, preserve and renew the environment, and enhance the St. Louis region and Missouri as a world center for plant science.

Please visit www.danforthcenter.org for additional information.

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FOR IMMEDIATE RELEASE

July 11, 2008
Contact:  Nancy Schnoebelen
Vice President of Marketing & Communications
(314) 615-7617, nschnoebelen@slcec.com

St. Louis Enterprise Centers Contribute to Wealth and Job Creation

According to a June 2008 Impact Analysis Study conducted by the St. Louis County Economic
Council, which evaluated the impact of the St. Louis Enterprise Centers program on the St. Louis regional economy, the results showed the program is doing its job—and doing it well. Steady growth in both job and wealth creation continues to rise since the program’s inception in 1986. In 2007, the Enterprise Center companies employed 716 full-time employees, which included existing and graduating clients, with gross revenues totaling nearly $160 million.

Currently, there are four Enterprise Centers located in the St. Louis region: West County, Lemay, Midtown, and Wellston. Altogether, the program houses 51 client companies (data was collected from 49 client companies). Existing client companies were asked a series of questions primarily focused on start-up and current employment levels and start-up and 2007 annual revenues. In addition, information was gathered and a survey sent to “graduated” businesses (76 former clients responded).

Results also concluded that current client companies have a significant employment base, ahead of national averages. Employment levels for the 49 client companies included 256 full-time, 108 part-time and 60 contract employees. In 2007, gross revenues for the 49 incubator client companies generated nearly $45 million. Based on a 2006 survey by National Business Incubation Association, where 218 U.S. business incubators responded, average combined current client revenues totaled over $16 million with average full-time employment of 97.

“Small business is big business; it powers our economy. Our incubator clients and graduates create jobs, revitalize neighborhoods and commercialize new technologies, thus strengthening our local and regional economy,” said St. Louis County Executive Charlie A. Dooley.

“Thanks to the St. Louis Enterprise Center in Midtown, I have been able to grow my company. Whole Foods has dedicated an entire shelf—top to bottom—for my Ah!Zeefa organic spread. This opportunity happened because of the great support I receive from the Enterprise Center. It is a true incubator,” said Sine Berhanu, president of Berhanu Enterprises, LLC, a client company.

“The Enterprise Center was a tremendous opportunity and resource for us. We greatly benefited from the many support capabilities, camaraderie and networking with fellow entrepreneurs,” said George Brill CEO of Talisen Technologies and former client company. “It is now a pleasure to serve on their board and pay it forward.”

St. Louis County Enterprise Centers are governed by a City/County board and staffed by the
St. Louis County Economic Council. The program is designed to foster the success of new companies by offering a range of business start-up and support services. The Enterprise Centers are one component of St. Louis County Economic Council's overall efforts to promote economic development in the county and region.

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FOR IMMEDIATE RELEASE

July 10, 2008
For further information, contact:
John Hastings
(314) 863-1100

Furniture Brands Transitions to Operating Company Model, Moves to New World Headquarters

Company to Consolidate Shared Services Functions

St. Louis, Missouri, July 10, 2008 – Furniture Brands International (NYSE: FBN) today announced that the company is furthering its transition to an operating company model with the upcoming move of its St. Louis corporate headquarters to a new, nearby location that will house approximately 150 additional employees. With this move, the Furniture Brands corporate organization will total approximately 225 employees providing a full range of corporate functions for organization. While structured as a holding company, Furniture Brands had employed more than double the number of employees to provide the same level of corporate support. Complementing the company’s new world headquarters in St. Louis is the recent opening in Dongguan, China of FBN Asia’s headquarters.

The new world headquarters at 1 North Brentwood in the St. Louis suburb of Clayton provides 40 percent more space at a lease cost comparable to the former site. The additional space will house those human resources, accounting, credit, and information technologies functions that are common across the company’s operations and that had previously been performed at the brand headquarters. Brand-specific support functions will continue to be performed at company offices in North Carolina and Mississippi. Concurrent with the launch of the shared services organization, the company will begin the transition of the common shared services functions to St. Louis. The costs and savings associated with the shared services implementation are incorporated in the company’s 2008 earnings guidance. “A centralized, shared services model will not only generate cost savings but, more importantly, promote the collaborative culture that is essential to Furniture Brands’ future success,” said Chairman and Chief Executive
Ralph P. Scozzafava.

The job creation element of the move to an operating company will also enable Furniture Brands to receive state and county tax incentives that total approximately $4 million over five years. “Furniture Brands traces its St. Louis roots back nearly a century, and we’re pleased to be able to help this important company grow in our region,” said St. Louis County Executive
Charlie A. Dooley.

Gregory A. Steinhoff, director of the state’s Department of Economic Development, added, “The State of Missouri was pleased to be able to offer the Missouri Quality Jobs Program to Furniture Brands in order to secure the retention and expansion of their headquarters facility in Clayton.  The Missouri Department of Economic Development worked closely with our local partners, the St. Louis County Economic Council, in order to facilitate the expansion of Furniture Brands operations in the region."  

About Furniture Brands

Furniture Brands International (NYSE: FBN) is a vertically integrated operating company that is one of the nation’s leading designers, manufacturers, and retailers of home furnishings. It markets through a wide range of retail channels, from mass merchant stores to single-brand and independent dealers to specialized interior designers. Furniture Brands serves its customers through some of the best known and most respected brands in the furniture industry, including Broyhill, Lane, Thomasville, Drexel Heritage, Henredon, Pearson, Hickory Chair, Laneventure, and Maitland-Smith.

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FOR IMMEDIATE RELEASE

July 8, 2008
Contact:  Nancy Schnoebelen
Vice President of Marketing & Communications
(314) 615-7617, nschnoebelen@slcec.com

St. Louis County Economic Council Hires Business Development Officer

St. Louis County Economic Council (SLCEC) recently named Derek Dickrader Business Development Officer of the Business Finance Division. Dickrader will work with local financial institutions and companies to help fund their growth efforts through the SBA 504 loan program.

Dickrader, a graduate of Southeast Missouri State University, is an experienced sales and finance professional having worked for General Electric Finance and a number of St. Louis-based industries. As a Sales Executive at GE Finance, he was awarded the “Top Performer for 2006”
for generating 256 percent above his volume goal. He also managed the daily operations of the
e-Trader division of ADS Logistics & eTrader.

“I am very excited to have Derek join our team,” said Richard Palank, senior vice president of the Business Finance Division. “He has an established history with a number of industries that use our products.”

Dickrader anticipates great success with SLCEC: “I am confident we can become even more successful with our loan production given the experience I have gained in previous jobs and the solid reputation of the Economic Council.”

SLCEC’s Business Finance Division is a valuable resource center for businesses needing conventional, alternative or combined financing solutions. The Business Finance Division offers a variety of programs (fixed-asset, venture capital, specialty loans, etc.) and tools to support business growth.

The St. Louis County Economic Council provides innovative solutions to companies and communities through financing programs, business assistance, business incubator opportunities, real estate and community development programs, and international trade expertise through its World Trade Center.

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FOR IMMEDIATE RELEASE
June 30, 2008

Ray Hill's American Pilsner Voted Favorite At The Beer & Brats Festival In Westport

Ray Hill’s American Pilsner, voted Second Favorite Local Microbrew, has done it again! The Beer and Brats Festival held at Westport Plaza on June 28, 2008 housed a majority of the local Missouri Breweries and restaurants and the attendees were allowed to vote for their favorite local beer and brat. Ray Hill’s American Pilsner took home the trophy for “Favorite Beer.”


The 2007-2008 year has been the year of Ray Hill’s American Pilsner, beginning with being named the 2007 St. Louis Microfest Gold Medal Winner for Men’s Choice, Voted 2008 Second Favorite Local Microbrew, 2008 St. Louis Microfest 1st Place Ladies Choice, Bronze Medal at the First Annual Hermann Brews and Blues Festival, and topping it off with the most recent award as “Favorite Beer” at the Beers and Brats Festival.


You can find Ray Hill’s American Pilsner at Schnucks, Shop N Save, Dierberg’s, Randall’s Wine & Spirits and many local restaurants including Pujols 5 Restaurant in Westport and Cicero’s in the Delmar Loop to name a few. If you happen to visit your favorite eatery or bar and find that they do not carry Ray Hill’s American Pilsner, make sure you ask for it. Ray Hill’s American Pilsner is taking the craft beer industry by storm. Ray created a True Pilsner style beer, with an American Craft Beer body, creamy head and a smooth finish.

To learn more about Ray Hill or Ray Hill’s American Pilsner check out the website at www.RayHills.com.

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FOR IMMEDIATE RELEASE

May 30, 2008
Contact:  Nancy Schnoebelen
Vice President of Marketing & Communications
(314) 615-7617, nschnoebelen@slcec.com

County Seeks Public’s Input for Community Center Design

The St. Louis County Port Authority and St. Louis County Parks Department along with the Lemay Community Facilities Committee are currently completing a planning and preliminary design study for a new community center in Lemay. As part of the study, the group along with Ankeny Kell Architects will host a two-day charrette workshop for Lemay residents.

The first session will take place 6 p.m. to 9 p.m., Wednesday, June 4 at the Jefferson Barracks Park Visitor’s Center. Architects, St. Louis County Parks Department and other stakeholders will be available to provide information about the facility’s size, location, potential programming, etc. As part of the workshop, residents are encouraged to share ideas and opinions about the proposed design renderings, which will be incorporated into the overall design. At the end of the collaborative session, the public will be asked to vote on their favorite elements of the designs.

The following evening from 6 p.m. to 9 p.m., Thursday, June 5 the community is asked to return to the Visitor’s Center to view the updated designs. During the evening, attendees will be asked to vote on their preferred design.

“We want the new community center to be designed with the community’s goals and objectives in mind,” said Sheila Sweeney, chairman of the St. Louis County Port Authority and a member of the Lemay Community Facilities Committee. “We feel the two-day design workshop and the public’s input is critical to the overall design of the facility.”

The study is scheduled to be completed by the end of the summer.

Significant funding for the community center was provided by Pinnacle Entertainment through their contractual agreement with the St. Louis County Port Authority and St. Louis County for the construction of their new River City Entertainment Complex in Lemay.

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FOR IMMEDIATE RELEASE

May 19, 2008
Contact:  Nancy Schnoebelen
Vice President of Marketing & Communications
(314) 615-7617, nschnoebelen@slcec.com

NorthPark Development Showcases New Buildings

St. Louis, MO, May 19, 2008— NorthPark Partners, comprised of McEagle and Clayco, will host a special event 9 a.m. to 11 a.m., Thursday, May 22, 2008 on the NorthPark campus to showcase the latest buildings under construction and their cutting-edge features. The event will be held at one of the new office building sites, located just west of Vatterott College near N. Hanley and Evans Road in Berkeley.

Committed to Leadership in Energy and Environmental Design (LEED) construction, NorthPark will have the first LEED-certified speculative office building in the Midwest. The three-story, 150,000-square-foot building, called HPOD (High Performance Office Development) includes more flexible configurations, energy savings in wiring and cabling, and raised floors, which creates more efficient HVAC circulation. It also provides one thermostat for every 1.5 people compared to traditional construction of one thermostat for every 30 people, bringing greater comfort in the workplace.

In addition, a $12 million Hilton Garden Inn is under construction and scheduled for completion in the spring 2009. The 136-room, three-story hotel includes suites, single and double rooms, and a restaurant. A 5,000-square-foot conference center will be attached to the hotel. The hotel is being developed in conjunction with Lodging Hospitality Management.

Finally, NorthPark is nearing completion on a 120,000-square-foot business center. The building, which is considered flex-space, will house a Corporate Express distribution center and Phase II of the Express Scripts headquarters, which is scheduled for completion in December 2008, housing 900 employees. NorthPark’s completed projects include Phase I of the Express Scripts headquarters on the UM-St. Louis campus and Vatterott College’s new $15 million national headquarters.

“The largest reinvestment project in St. Louis County history, NorthPark, is thriving and becoming the center for regional development and excellence,” said St. Louis County Executive Charlie A. Dooley. “Combined with the existing unparalleled technology infrastructure and community revitalization, NorthPark is attracting and retaining businesses that create good jobs and enhance the quality of life for those who live and work in St. Louis County.”

“NorthPark is a result of an unprecedented public and private partnership, combining business leaders and extraordinary intergovernmental support united to improve our community and economy. This is an example of teamwork at its best,” said Chris McKee, president of McEagle Properties.

In 2005, an intergovernmental commission composed of city, county, state, and Lambert Airport representatives selected NorthPark Partners to redevelop more than 550 acres northeast of the
I-70 and I-170 interchange in Kinloch, Berkeley and Ferguson. Upon its completion in 2020, the $400 million project is expected to create 12,000 new jobs and accommodate more than five million square feet of office, retail and light industrial space. The redevelopment is expected to have an economic impact of approximately $7 billion.

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FOR IMMEDIATE RELEASE

May 15, 2008
Contact: Toby Rittner
President & CEO CDFA
(216) 920-3072 , trittner@cdfa.net

Council of Development Finance Agencies Names Rick Palank as New Chair of Board of Directors

Recognizes Outgoing Board Chair Frances Walton for Exemplary Service

May 15, 2008 —Cleveland, OH - The Council of Development Finance Agencies (CDFA) has selected Richard M. Palank as their new board chair. Palank has served on the CDFA board since 2002, most recently as vice chairman.

The announcement of CDFA's newest board chair was shared at the organization's recent Annual Summit held April 29 through May 1 at the Hyatt Regency St. Louis. Nearly four hundred Summit attendees welcomed Palank to his new position.

"CDFA is very pleased to have Rick as our new board chair. Rick is a tremendous asset to the industry, and his knowledge, expertise, and past board experience will help to continue the momentum that CDFA has built as the premier leader in the development finance industry," said CDFA President and CEO Toby Rittner.

Palank is the senior vice president of St. Louis County Economic Council's business finance division. The division provides financial resources for businesses that need conventional, alternate, or combined financing options.

Palank also serves as the president and CEO of the Business Finance Corporation of St. Louis County, a certified development company that administers the SBA 504 loan program in eastern Missouri; he is the president and CEO of the St. Louis County Industrial Development Authority and founder, president, and CEO of the St. Louis Business Development Fund, the only for-profit, multi-bank community development corporation serving the entire St. Louis region.

In addition, CDFA selected new officers to serve alongside Palank. Darnell Moses, authorities manager for the Allegheny County Department of Economic Development, will serve as vice chairman; James Parks, president and CEO of the Louisiana Public Facilities Authority, will serve as treasurer; and John Kerr, director of economic development and grants management for the Detroit/Wayne County Port Authority, will serve as secretary.

Palank takes the board chair position after two very successful years under the leadership of Frances Walton, CFO of the Empire State Development Corporation. As the former chair, Frances Walton is to be commended for her leadership during one of the most successful periods in CDFA's 26-year history. Walton's achievements were highlighted in a special recognition ceremony at the April 2008 Board meeting.

"Frances Walton has been one of the most successful Board leaders in CDFA's history. Under her leadership the Council achieved bold accomplishments such as our new TIF best practices guide; ushered in new initiatives such as our thriving recommended practices efforts and she helped to build a strong, diverse and nationally recognized Board of Directors. CDFA owes a great deal to the excellent leadership of Frances Walton,? said CDFA President & CEO Toby Rittner.

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FOR IMMEDIATE RELEASE

May 13, 2008
Contact:  Nancy Schnoebelen
Vice President of Marketing & Communications
(314) 615-7617, nschnoebelen@slcec.com

City and County Congratulate Graduating Incubator Companies

St. Louis, MO, May 13, 2008 — St. Louis, MO – The St. Louis Enterprise Center, Midtown will “graduate” two client companies, making room for other start-up, growing businesses. The Midtown Enterprise Center, located at 3830 Washington Avenue, is unique because it is a joint effort between St. Louis City and County to provide support for area entrepreneurs. It is also among few incubators to offer specialty space for culinary-related companies. The graduation ceremony will take place 10 a.m. to 11:30 a.m., Thursday, May 15, 2008 at the Midtown Center.

"These two businesses represent the goals we had in mind when we created the Midtown Enterprise Center," said Mayor Francis G. Slay. "We are so proud that we could give them a small helping hand and they were able to create successful businesses. We wish them every success."

St. Louis Development Corporation Executive Director Rodney Crim and Dennis Breite, St. Louis Enterprise Center vice president, will recognize the graduating business owners. A reception will follow with refreshments prepared by current Midtown Enterprise Center businesses.

“This is an exciting day for our small business owners. We are pleased our Midtown Enterprise Center assisted these two companies in developing and growing their businesses, and we wish them continued success in their new locations,” said St. Louis County Executive Charlie Dooley.

The two graduating client companies are:

  1. Ollie Dowell Communications: a minority- and woman-owned public relations firm that has carved out a special niche in the aviation industry and received noteworthy recognition and awards.

  2. Forum Home Health Agency: a minority- and woman-owned home health care for seniors that communicates in clients’ native languages including Russian, Bosnian, Vietnamese, Chinese, Afghani, among others.

The Midtown Enterprise Center is among three other small business incubators managed by St. Louis County Economic Council (South County, Wellston, and West County). The four Enterprise Centers provide affordable office and warehouse space, shared support services, access to expert advice and mentors, and valuable networking opportunities.

Note: You are welcome to send a reporter/photographer/film crew to cover this event. Press kits will be available.

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FOR IMMEDIATE RELEASE
May 12, 2008
Contact: Rebecca Zoll
Exec. Director
(314) 895-6241

North County Incorporated Honors Community Leaders
Making A Difference in North St. Louis County

As part of the organization’s 31st Annual Breakfast, North County Incorporated (NCI) recognized several area leaders for making a significant positive impact in North County. Friday, May 9, at the St. Louis Airport Marriott, hundreds of business, civic, and community leaders gathered at NCI’s 31st Annual Breakfast to honor this year’s award recipients.

Terry Proffitt received the prestigious Elmer Belsha Leadership Award, which is presented annually to an individual whose long-term commitment to the North County region and NCI has had a positive impact. Proffitt, a 40-year resident of North County, began his career as a teacher in 1968, and then became a principal for the Ferguson-Florissant School District. He was a consultant for numerous educational organization. Proffitt is a well-respected volunteer for educational development, the Little Creek Wildlife area, and Meals on Wheels. He served on Board of Directors for the North County School/Business Partnership, the North County Chamber (for 15 years), and on NCI’s board since 1998, seven of which he was on the executive board.
 
In response to why he gets involved, Proffitt says, “I believe we all have a duty to our communities. I am particularly proud to serve North County because I believe we are committed not just too economic viability, but to social viability and diversity, as well. ...The only power that matters is the power to serve and I have been very privileged to serve North County for many years.”

NCI’s Business Development Awards were presented to those whose efforts positively affect the economic development and business climate of the North County area. Those honored were: City of Ferguson business owner Farzad Faramarzi, the Route 367 Project under the leadership of Bill Schnell, Assistant District Engineer with the Missouri Department of Transportation and HDR Engineering, Inc., and the St. Louis County Economic Council under the leadership of Denny Coleman.

Farzad Faramarzi is helping bring renewal to the City of Ferguson. His family has been in the restaurant business for 23 years. Farzad invested in an old Hardees, completely transforming it into the Thyme Table restaurant, which has become a destination venue that has gained recognition in the gourmet section of several publications. Sauce Magazine called the service “…exceptionally friendly and accommodating”. Faramarzi has been called a pioneer in the City’s revitalization; seeing a need for the community to have an event facility, he purchased and renovated the former Crown Theatre into the Savoy Banquet Center. He has served on the Ferguson Special Business District’s board of directors, been a key player in helping with the development of Ferguson’s CityWalk, and supported many citywide events.

The Route 367 Project under the leadership of Bill Schnell, Assistant District Engineer with the Missouri Department of Transportation and HDR Engineering, Inc. Barry Rolle, Vice President of HDR accepted the award on behalf of HDR Engineering. This project was chosen for the importance of transportation investment in our community and for the public engagement process used by MoDOT and HDR for the project. This past December, the Missouri Department of Transportation officially opened the newly reconstructed Route 367, north of I-270. The project was completed six months ahead of schedule, and $28 millions under budget; these improvements increased safety and access for daily travelers, as well as bringing more business to this major North County corridor. Early completion and coming in under budget was impressive, but even more so, was the public engagement process that MoDOT and HDR Engineering incorporated into the project. It included the formation of a Community Advisory Group (CAG), made up of local stakeholders involved in the project from planning through design to assist in decision-making and to help disseminate information to the public. This new process proved so successful it is now serving as a model for other projects across the state.

Over the past several years, St. Louis County Economic Council under the leadership of Denny Coleman has increased efforts to maintain and create a vital community for businesses and citizens of North County, devoting much of the Council’s energy to development and collaboration in this area. Several projects that the Economic Council played a role in include: the retention of the National Archives and Records Administration Center and its’ 600 jobs, assisting the City of Jennings with the redevelopment of the underutilized Northland site into a retail development that has generated 500 jobs, as well as, an intergovernmental agreement that has made NorthPark one of the largest developments in the State of Missouri, possible. The Economic Council has also helped secure approval for two Enhanced Enterprise Zones in North County. Denny and his team have been instrumental in several community betterment initiatives in the Wellston-Pagedale Corridor, including opening the Wellston Enterprise Center. St. Louis County Economic Council and Denny are also members of North County Inc.

NCI’s Community Development Awards were presented to those whose efforts positively benefit youth, residents, civic organizations, or others through selfless acts. City of Jennings under the leadership of Mayor Ben Sutphin, Betty Coll, volunteer with Parents Association of Bellefontaine Habilitation Center, and Pat Watson, civic booster and community volunteer, were this year’s Community Development Award recipients.

The City of Jennings’ city council and staff have done a remarkable job redeveloping their community the past few years. A lot of hard work and vision have gone into the new growth and expansion currently taking place in this community. In a Wall Street Journal article about suburban renewal, the City was commended for the redevelopment of their parks, streets, homes, and commercial properties. Jennings has seen the demolition of two regional shopping centers, dilapidated homes, abandoned tennis courts, and a shuttered drive-in theater, replacing them with new retail, residential, and recreational facilities. This inner ring suburb’s leadership has fought back against the odds renewing their community, smartly using city, state, and federal incentive programs to their benefit. One of their largest redevelopments is the Buzz Westfall Plaza on the Boulevard, which features a new US Bank, Schnucks, and Target. In Oct. 2007, the project gained the City of Jennings the St. Louis County Economic Council’s Community Partnership Award. The River Roads redevelopment, a $63 million investment now underway, will include senior living and retail components. The community also greatly benefited from the complete redesign of Koeneman Park, which includes new playgrounds, Red, a new Cardinal Cares Baseball Field, all new landscaping with a gazebo and one of the largest man-made waterfalls in St. Louis, as well as walking paths and a fishing pond.

For more than 43 years, Betty Coll has been an involved with the Bellefontaine Habilitation Center (BHC) in the City of Bellefontaine Neighbors, since the formation of the Parent’s Association in 1965, holding the role as president and vice-president. She has taken a leadership role in the fight to enhance the life of the mentally retarded at BHC and the institutions for the mentally challenged around the State, fighting to keep the center open, volunteering, and fundraising. With her help, the Parent’s Association raises nearly $50,000 each year through the Hidden Treasures Thrift Shop, which is operated completely by volunteers and helps supply items needed by BHC residents. Betty also received Senate, House, and St. Louis County resolutions in recognition for her work from Senator Tim Green, Representative Gina Walsh, and Councilman Mike O’Mara.

Since 1955, Pat Watson has lived in Woodson Terrace, starting Airline Parks, which continues to operate after 50 years. She is a charter member of the Woodson Terrace Business Association and actively supports activities that benefit her city, such as the Woodson Terrace Days. The profits from this event help out-of-work residents with utility bills, food and disadvantaged children and their families during the holiday season. Watson belongs to the Northwest Chamber of Commerce, the Lambert Airport Rotary Club, the Overland Business Association, and North County Inc.

Public Service Awards were presented to outstanding individuals, elected, appointed, or employed by a public body whose long-time service has had a positive impact on the community and/or public body they serve. Councilman Thomas Schneider, City of Florissant, Thomas Zak, City Administrator for the City of Dellwood, and Nancy Otte, Business Representative with the Missouri Career Centers-North County, were given Public Service Awards.

Nancy Otte has been with the State of Missouri for almost 25 years. Since 1990, she has served the public as a business representative with the Missouri Career Center. She provides employment and training related services to businesses at low or no cost; helping businesses become and stay successful. Otte goes out of her way to help the chambers in North County and NCI serve their business members better and build stronger partnerships. Last month, she organized a Business Resource Forum, hosted by the Northwest Chamber of Commerce in partnership with NCI, the Florissant Valley and the Maryland Heights Chambers, and the Missouri Career Centers, which provided information for businesses on free and low-cost services from the State. Nancy serves on NCI, and the Northwest Chamber of Commerce Board of Directors and their economic development committees.

Tom Schneider was elected in 1979 to the City of Florissant’s council and has continued to serve Florissant ever since. Formerly a city engineer, his focus, when first elected, was on preserving and improving the infrastructure of the city. In the 1980s and 90s, he insisted that Florissant participate with MSD to share the cost of storm water improvements, supported a complete bridge and culvert replacement program, and played a role in campaigning for an ambulance tax for the Florissant Valley Fire District. In 1989, Schneider hosted the first of 19 annual Project Lift-Off Holiday Youth D.A.R.E. parties for 5th-8th grade children. He serves on the Executive Board of the St. Louis County Municipal League and the Board of Directors for NCI, he is also an active member of the Florissant Rotary and the Florissant Valley Chamber of Commerce.

Tom Zak is our third 2008 public service award recipient. Zak has been an employee with the City of Dellwood for 25 years, the past 15 as their city administrator. He has identified the city’s “neediest” residents so that immediate action can be taken to assist them in case of a major emergency. Zak has worked diligently on the redevelopment and revitalization efforts in Dellwood’s commercial corridor. Success has come in the way of a new Save –A- Lot, Family Dollar and several restaurants. He obtained grants for the redevelopment of the Dellwood Soccer Arena and new pool and is currently working jointly with other municipalities on a grant for streetscaping improvements. The City of Dellwood is a long-time member of NCI.

The Touhill Performing Arts Center’s Volunteer Guild, the NCI Inclusion Taskforce under the leadership of Brenda Bobo-Fisher, and EPC E-Scrap received NCI’s 2008 Special Recognition Awards for volunteerism, contributions to civic and charitable organizations, or for their betterment of the community.

Dave Beal, the Vice-President of EPC E-Scrap accepted the NCI Special Recognition award on behalf of E-Scrap. EPC E-Scrap Processing Center is an electronics-recycling center located in Earth City. E-Scrap has been a true leader in the State of Missouri, working with state and local governments to expand awareness of the importance of proper recycling of used electronics. Dave Beal has been instrumental in helping develop a workable electronics management hierarchy for electronics recyclers, called MOEST. E–Scrap provides responsible end of life handling of IT assets, while recycling all components and keeping them from being detrimental to landfills and the environment.

At the direction of NCI’s Board of Directors, the organization’s Inclusion Taskforce, chaired by Brenda Bobo-Fisher, spent the past two years developing an inclusion statement and principals for the organization, as well as, surveying our members on their inclusion interests and efforts. The statement and principals are now available online at www.NorthStLouisCounty.com and can be used as a guide for other area organizations and businesses. This taskforce took on a difficult task and did a great job completing the scope of work they were given in a strategic and responsible manner.

John Cattanach, Interim Director of the Touhill Performing Arts Center accepted an NCI Special Recognition award on behalf The Touhill Performing Arts Center Volunteer Guild. The Volunteer Guild was established in fall of 2003 and has 105 active volunteers who regularly staff the public performances that take place at the Touhill. They serve as ushers and greeters, welcoming event attendees to experience, appreciate and embrace the power of the performing arts. They have staffed over 1,000 events, giving willingly of their time and talents, to help the Touhill be a leading cultural partner in our North County community.

North County Incorporated is a regional development organization, which acts as a catalyst to define and advocate economic and community development for North St. Louis County. NCI was established in 1977. The Board is composed of community leaders and business owners. Dr. Mark Tranel is the current president.

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FOR IMMEDIATE RELEASE
May 7, 2008
Contact:  Nancy Schnoebelen
Vice President of Marketing & Communications
(314) 615-7617, nschnoebelen@slcec.com

World Trade Center Saint Louis Hires International Business Development Director

Ana Romero-Lizana has been named director international business development for the World Trade Center Saint Louis. Romero has more than 22 years of experience in international business and management as well as vast experience in domestic and international sales and logistics.

Her career consists of positions at international giants Solutia, Mallinckrodt, and Monsanto. She also has managed major customer accounts in the chemical industry in Mexico and Latin America. Romero’s expertise includes initiating sales opportunities and building strong business relationships.
 
“Ana’s broad experience and successful track record in international business is a key asset to the World Trade Center and growing our organization,” said Tim Nowak, executive director of the World Trade Center Saint Louis. “She brings a wealth of industry knowledge and proven marketing and sales savvy to the position.”

Born in Guadalajara, Mexico and raised in St. Louis, Romero holds a Bachelor of Arts from Saint Louis University in organizational studies and communications, and Bachelor of Science in accounting from Escuela de Comercio, Guadalajara, Mexico. She is proficient in Spanish and English and can conduct business in Portuguese.

Established in 1993, World Trade Center Saint Louis’ mission is to facilitate international business growth and enhance global competitive throughout the region, Missouri and Southwest Illinois.  The WTC is part of the World Trade Centers Association, an extensive global network of over 300 World Trade Centers with the goal of fostering peace and stability through trade.

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FOR IMMEDIATE RELEASE
May 6, 2008
Contact:  Nancy Schnoebelen
Vice President of Marketing & Communications
(314) 615-7617, nschnoebelen@slcec.com

Council of Development Finance Agencies Names Palank as New Board Chair

The Council of Development Finance Agencies (CDFA) elected Richard M. Palank as their new board chair. Palank has served on the CDFA board since 2002, most recently and vice chairman.

The announcement of CDFA’s newest board chair was shared at the organization’s recent Annual Summit held April 29 through May 1 at the Hyatt Hotel in St. Louis. Over three hundred conference attendees welcomed Palank to his new position.
 
“CDFA is very pleased to have Rick as our new board chair. Rick is a tremendous asset to the industry, and his knowledge, expertise, and past board experience will help take our organization to the next level,” said Executive Director Toby Rittner.

Palank is the senior vice president of St. Louis County Economic Council’s business finance division. The division provides financial resources for businesses that need conventional, alternate, or combined financing options.

Palank is also serves as the president and CEO of the Business Finance Corporation of St. Louis County, a certified development company that administers the SBA 504 loan program in eastern Missouri; he is the president and CEO of the St. Louis County Industrial Development Authority; and founder, president, and CEO of the Saint Louis Business Development Fund, the only for-profit, multi-bank community development corporation serving the entire St. Louis region.

CDFA is a national association dedicated to the advancement of development finance concerns and interests. It represents the nation’s leading members of the development finance community from the public, private, and non-profit sectors.

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FOR IMMEDIATE RELEASE

April 29, 2008
Contact:  Nancy Schnoebelen
Vice President of Marketing & Communications
(314) 615-7617, nschnoebelen@slcec.com

St. Louis County Executive Recommends Edward Jones Headquarters Projects

St. Louis, MO, April 29, 2008 — St. Louis County Executive Charlie A. Dooley requests County Council legislation for the Edward Jones expansion project. The St. Louis-based investment brokerage and financial services firm is expanding their South Campus headquarters, which includes a 225,000-square-foot addition and four-story parking garage. Its completion is set for November 2009.

The South Campus project is part of a larger, county-wide expansion expected to create up to 500 high-quality, permanent jobs over the next five years and generate 800 construction jobs.

“St. Louis County and the St. Louis County Economic Council have been great partners in moving our expansion project forward,” said Edward Jones Chief Financial Officer, Steve Novik. “Their support was a critical element in our decision to continue to expand our headquarters and create jobs in St. Louis County.”

The South Campus project is expected to fuel the local economy and local tax base. Edward Jones will continue to pay property taxes on its existing building and has requested a 50-percent abatement on the expansion and new parking garage, paying an additional $17.8 million in new taxes over a 10-year period beginning in 2010. In total, on their South Campus Edward Jones will pay an estimated $27 million in taxes over the 10-year period. After the 10-year tax abatement period expires, the amount of taxes the firm will pay increases to approximately $4.5 million annually.

“During a time when the economy is sluggish, Edward Jones continues with their growth plans,” said St. Louis County Executive Charlie A. Dooley. “They could expand in other parts of the country and decided to do so at their home headquarters. St. Louis County is pleased to be a part of their growth plans and fortunate to have such an excellent company in our backyard,” added Dooley.

At its 60-acre North Campus in Maryland Heights, the firm has begun the construction of three buildings totaling 650,000 square feet of office space and parking garages. The project is scheduled for completion in 2011.

"This is a win-win for the community and Edward Jones," said St. Louis County Economic Council President and CEO Denny Coleman. "Edward Jones is expanding their headquarters in a community with an excellent quality of life and thriving business environment, and the community is acquiring great jobs, substantial investment and a growing tax base," added Coleman.

Edward Jones is a leading global investment firm with offices throughout the United States, Canada, and United Kingdom. The company has more than seven million clients and employs over 32,000 people.

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FOR IMMEDIATE RELEASE

April 24, 2008
For further information, contact:
Paul Zemitzsch (314) 616-7873

CITY OF CLAYTON, REGIONAL AND STATE LEADERS RE-ENGAGE CENTENE FOR HEADQUARTERS IN CLAYTON

Clayton Mayor Linda Goldstein said Thursday that the City of Clayton, regional and state officials have re-entered discussions with Centene Corporation about developing its new headquarters in downtown Clayton. Centene recently abandoned plans to move its headquarters project to Ballpark Village in downtown St. Louis.

“Discussions are currently underway with Centene to revisit its Clayton site for its new and expanded headquarters,” Goldstein said. “We received positive feedback about the project and have been in negotiations.”

Goldstein said Centene’s future expansion in Clayton is “far from guaranteed,” and many issues are still under discussion. The mayor added that key constituencies in Clayton are being consulted to ensure a broad-based community consensus.

“We are hopeful Centene will see its current home in Clayton is a good one to build on for the future,” she said. “While we are cautiously optimistic that the mutual needs of Centene and Clayton can be met, it’s never a deal until it’s done.”

St. Louis County Executive Charlie Dooley echoed Goldstein’s sentiments.

“We work hard everyday to keep high-quality companies like Centene in our region,” he said. “We believe the opportunity to keep their proposed mixed-use development in Clayton will provide this important and growing company with a state-of-the-art world headquarters that will serve them well for years to come.”

The State of Missouri is also in discussions with Centene.

“We have been firmly committed over the last three years to creating an economic climate that helps Missouri businesses grow and expand their presence in our state,” said Gov. Matt Blunt. “Our proposal is a sound investment in the St. Louis region’s economic future and I am pleased to partner with the Missouri Development Finance Board, the City of Clayton and St. Louis County to help this Missouri employer create more jobs for workers and families.”

Centene has been a Clayton corporate citizen since 1997.

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FOR IMMEDIATE RELEASE

April 15, 2008
Contact:         Rick Palank
President, Business Finance Corporation
(314) 615-7667, rpalank@slcec.com

Business Finance corporation welcomes four members to board

The Business Finance Corporation (BFC) of St. Louis County recently added four members to its board of directors:

W. Randolph Adams – past president and executive director of the Saint Louis Symphony Orchestra (2001 to 2007), retired

Ken Kotiza – former president (retired) of UMB Bank, St. Louis; current vice president/producer of Welsch, Flatness & Lutz, a commercial insurance and financial consulting firm

Patricia A. O’Herin – regional executive vice president of Regions Financial Corporation

Vincent  T. Volpe – assistant professor of management, John Cook School of Business, Saint Louis University

“BFC of St. Louis County is proud to welcome its four newest board members,” BFC President Rick Palank said. “We are excited to move the organization forward and help small, local businesses receive the financing needed to thrive and keep our region viable.”

Based in St. Louis County, BFC is a certified development company that administers the SBA 504 loan program in eastern Missouri. The 504 finances long-term business assets and features unique advantages such as low down-payment and 20-year fixed rate. BFC has provided financing for more than 400 projects in St. Louis County with a total investment in excess of $373 million.

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FOR IMMEDIATE RELEASE:
April 14, 2008
Contact: Cheryl Marty
Deputy Director, World Trade Center
(314) 615-3902, cmarty@slcec.com

World Trade Center Donates Health Goods to Africa Sister City

Over the past year, the World Trade Center Saint Louis along with help from Novus International and Wal-Mart have joined humanitarian efforts to help St. Louis’ sister city Saint-Louis, Senegal, West Africa by donating hundreds of pairs of eye glasses, reading glasses, and eye glass kits to children and adults to the region.

The Senegal project has achieved great success due to the generosity from Wal-Mart Vision Center and Novus in St. Louis. Approximately 1,000 pairs of eye glasses and reading glasses have been shipped to the region.

“Wal-Mart is happy to participate in this important cause. I was approached by a gentleman who is very close to the project, and he asked if we would donate eye glasses to St. Louis’ sister city in Senegal, West Africa. It’s not everyday we get the opportunity to speak to someone who has a direct role in the worthwhile effort,” said Lake St. Louis’ Wal-Mart Vision Center Manager John Francisco. “It has been a very interactive relationship; we have received thank you letters and pictures of adults and children wearing the eye glasses. It’s great to see the end result,” added Francisco.

In addition, Novus, a worldwide animal health and nutrition company, has enjoyed being involved with the humanitarian cause. "Novus is proud to support the valuable work of the Health and Vision for Saint-Louis, Senegal, West Africa project," stated Sabrena Hamilton, vice president Global Human Resources, Novus International, Inc. "Enabling basic health infrastructures that empower people is in alignment with the core values of our organization."

Established in 1993, World Trade Center Saint Louis is part of an extensive global association of over 300 World Trade Centers with overall goals to enhance international trade, promote local economic development, and ultimately foster peace and stability through trade. In addition, the World Trade Center Saint Louis serves as a gateway office for the metro area’s official international relations and protocol activities.

The St. Louis Sister Cities Program is part of the World Trade Center Saint Louis’ international mission and sanctioned by Sister Cities International (www.sister-cities.org). Locally, it supports and coordinates the 14 sister cities programs and provides guidance for those interested in establishing new sister cities relations.

The Sister City program is a nonprofit city-to-city network inspired by President Dwight D. Eisenhower's suggestion in 1956 that citizen diplomacy might reduce the chance of future world conflict. Today, more than 900 U.S. cities are paired with 1,300 cities in 92 different countries.

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FOR IMMEDIATE RELEASE:
Thursday, April 10, 2008

Lambert-St. Louis International Airport Names 2008 Women Business Enterprise (WBE) of the Year

St. Louis, Missouri - April 10, 2008 - Lambert-St. Louis International Airport's Disadvantaged Business Enterprise (DBE) Program has named Ollie Dowell Communications, LLC as the 2008 Women Business Enterprise (WBE) of the Year.

During the annual Celebration of Women Business Owners, sponsored by Lambert-St. Louis International Airport Authority, Ollie Dowell Communications will be presented an award for her "tireless dedication, hard work and unparalleled commitment to excellence," says Jack Thomas, Assistant Airport Director, Lambert-St. Louis International Airport.

Started in 2004, Ollie Dowell Communications, LLC is a public relations and media consulting firm, located in downtown St. Louis. Owner, Ollie Dowell, is an accomplished and trusted journalist with over twenty years in news media, marketing and public relations. Recent accomplishments include:

  • Manages $1.1 million personal services contract at Lambert-St. Louis Intl. Airport.
  • Partner with XpressSpa to build two full-service spas at Lambert-St. Louis Intl. Airport. Opening scheduled Fall 2008.
  • Provides public relations services for the Airport Minority Advisory Council (AMAC), a national industry trade organization.
  • Authors articles on the airport industry in several national publications.
  • Host of a new business show, The Big $ Idea, on STL TV.
  • Company currently has 12 employees.

This year's Celebration theme is "Women: Builders of Communities and Dreams." "[Ollie Dowell Communications'] efforts are paying off and yielding handsome dividends for [herself] and our community," says Thomas.

Others honorees are Kathleen Brady and Adriene Bruce of St. Louis University and Ameren, respectively, Co-Owners of the Year; Janet Kolb of Dave Kolb Grading, Spirit of St. Louis Diversity Award; and Christine Bierman, Shiela Hudson, Christina Bennett and Sundy Whiteside, WBE Advocates of the Year.

The Celebration and awards presentation will take place on Wednesday, April 16, 2008, at the Airport Renaissance Hotel, 9801 Natural Bridge Road, St. Louis, Missouri. Celebration activities begin at 9:00 a.m., concluding with the awards luncheon at 12:30 p.m.

For more information, or to arrange an interview call Vickie A. Williams at 314-534-3333.

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For Immediate Release:

The International Economic Development Council (IEDC), a non-profit corporation with a membership base of nearly 5,000, purchased a $100,000 Katrina Investment Deposit (KIDs) with Liberty Bank and Trust Company, showing their unremitting support for the revitalization of the greater New Orleans region.

Liberty Bank offers KIDs as FDIC-insured certificates of deposit with a below market interest rate. The proceeds from the difference in rate are reinvested by the bank in forms of loans and related activities to promote rebuilding and investment in Katrina- damaged communities throughout the region.

Senator Ann D. Duplessis, D-New Orleans and Senior Vice- President of Liberty Bank and Trust Company accepted the check from IEDC President and CEO Jeffrey A. Finkle who was joined by Ronnie L. Bryant, Immediate Past Chairman of IEDC, and President and CEO of the Charlotte Regional Partnership, Dennis G. Coleman Member of the IEDC Governance Committee and CEO of the Saint Louis County Economic Council and Barbara K. Johnson, Chief Operating Officer of Greater New Orleans, Inc. (GNO, Inc.) and member of the IEDC Governance Committee.

"The goal of the Katrina Investment Deposits is to raise deposits to support Liberty's efforts to finance the reconstruction of greater New Orleans through new loans for home repairs, to finance businesses, buy homes and new cars, develop new office and retail space and other consumer products," said Senator Ann Duplessis, D-New Orleans and Senior Vice- President of Liberty Bank and Trust Company. "The bank is grateful to IEDC for their deposit and the constituents of this region will benefit greatly from this generous gesture."

IEDC is the preeminent organization representing the economic development profession and is dedicated to providing leadership and excellence in the field. One of its current programs, the Economic Recovery Volunteer Program, was started just months after Hurricanes Katrina and Rita hit the coast of Louisiana. Resulting in more than 150 professionals volunteering in hurricane devastated areas of Louisiana, Mississippi, Alabama, and Texas to assist businesses, cities, counties, parishes, and economic development organizations with long-term recovery and renewal efforts.

"In a time of uncertainty following the storm, my colleagues from around the region were thankful to have the professional guidance offered by the IEDC network, providing this area with free expertise while our organizations recouped," said Barbara K. Johnson, Chief Operating Officer of Greater New Orleans, Inc. and member of the IEDC Governance Committee. "IEDC has become a constant resource for us during the past few years and this deposit is testimony of their desire to see this region succeed."

By channeling its own financial resources into a Liberty Bank KID's Certificate of Deposit, the organization proves its continued commitment to the region. IEDC, headquartered in Washington, D.C., placed its stake in the ground firmly after Katrina hit through its volunteer placement program and created a key link in the community by partnering with the area's regional economic development alliance, GNO, Inc. GNO, Inc. has served as the channel for IEDC to place volunteers on the ground in the stricken parishes after the storm and recently advised the IEDC Board of Directors to invest in the Liberty Bank KID's program.

"IEDC is poised to assist in economic development programs throughout the country and when the devastation of Katrina rocked the shores of Louisiana, our organization deployed as many resources and volunteers as quickly as possible to assist in the rebuilding efforts," said IEDC President and CEO Jeffrey A. Finkle. "Our organization is dedicated to help this area long-term and we hope that this deposit will show our continued support for the growth of this area, it is an honor to aid these efforts."

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FOR IMMEDIATE RELEASE
Wednesday, March 26, 2008
Nanci Gonder, 573-751-0290

Gov. Blunt, China's Investment Promotion Agency and
Trade Development Bureau Sign Agreement to Promote Missouri Trade

BEIJING Missouri Gov. Matt Blunt today signed an agreement with the Investment Promotion Agency and the Trade Development Bureau, on behalf of the Ministry of Commerce, that could make St. Louis a new transportation hub for trade with China and increase exports between Missouri and China. The memorandum of understanding document was signed following a series of meetings with Chinese officials led by Gov. Blunt and U.S. Senators Kit Bond and Claire McCaskill. The governor and senators this week are leading a bipartisan delegation of government, business and civic leaders from the St. Louis area on a trade mission to China. "Missouri workers are the most productive employees in the world, and I am pleased to promote our state's workforce around the globe," Gov. Blunt said. "This agreement is a result of our meetings with the Vice Minister of Commerce and promises to foster a long and beneficial relationship between Missouri and China that will open new markets for Missouri-made products, generate more opportunities for Missouri workers, and showcase the countless benefits of doing business in and with our state." "The creation of a Sino-American import-export hub in St. Louis will mean hundreds of new jobs for Missourians and just makes economic, commercial, cultural, political and strategic sense," U.S. Sen. Kit Bond said. "By improving trade between our countries, we can create jobs here at home for Missourians and a more sustainable and long-term relationship that benefits the U.S. and our strategic interests." "This is an important milestone toward leveling the playing field for trade with China," U.S. Sen. Claire McCaskill said. "I m happy to be working in a bipartisan way to enhance the opportunity to export manufactured goods and agricultural products from Missouri, which will help our economy and create jobs here at home."

The memorandum of understanding agreement outlines ways to strengthen the relationship between China and Missouri through new initiatives in trade and economic development. Calling St. Louis "the traditional center of the United States," it says St. Louis "can serve as an important center for expanding two-way exchanges and investment between China, Missouri, and the Midwest." It also says "Lambert St. Louis International Airport can become a potential center for Chinese airfreight and passenger flights."

The memorandum of understanding also states that a delegation of the Ministry of Commerce will visit Missouri to review and assess the opportunities for expanding trade and investment promotion activities in agriculture, high-tech equipment and other manufactured goods, financial services, manufacturing, parts assembly, and real estate. It calls for continuing efforts to "foster a long-term, friendly and cooperative relationship and to develop a healthy partnership between China, Missouri, and the Midwest region of the United States." Joining Gov. Blunt and U.S. Senators Bond and McCaskill on the trade mission and for the meetings that resulted in the signing of the memorandum of understanding include: U.S. Rep. Russ Carnahan; St. Louis Mayor Francis Slay; St. Louis County Executive Charlie Dooley; and former Mo. Gov. Bob Holden who serves as the Vice Chairman of the Midwest U.S.-China Association and was invited by Gov. Blunt. Business leaders include Richard C. D. Fleming, president and CEO of the St. Louis Regional Chamber & Growth Association (RCGA); David L. Steward, chairman and CEO of World Wide Technology; and executives with Pfizer, Peabody Energy, Unigroup, McEagle Properties, the World Trade Center St. Louis, and Lambert St. Louis International Airport. "This is an outstanding agreement for the whole St. Louis area," St. Louis Mayor Francis Slay said. "Our goal is to create good paying jobs in St. Louis. China s interest is in developing the St. Louis area as a major point of access for trade in the United States. We believe we have taken an important step toward the goals of both sides." The RCGA s Fleming commented: "We have shown the Chinese that the St. Louis area s role and position in the United States -- embodied in our region s brand, Perfectly Centered. Remarkably Connected -- make us a natural hub as they seek to expand their trade with the U.S., especially our exports. The St. Louis area is at the center of a 20-state global market that accounts for 43 percent of the U.S. population, 40 percent of its Gross Domestic Product, and 40 percent of U.S. agriculture. This market -- equal in area to India and in production to Japan and Mexico combined -- is not well-served by the two coasts. Our geographical location and superb transportation assets make us a natural." St. Louis County Executive Charlie A. Dooley said, "We are extremely pleased with the details of the memorandum of understanding and I know our entire Missouri delegation believes that it signals a very encouraging trend with our friends here in China." The trip is a follow-up to the visit to St. Louis last February of Zhou Wenzhong, China s Ambassador to the United States. That visit, the first by a Chinese ambassador to St. Louis in memory, resulted from an invitation by the two Senators and was hosted by the RCGA. During his two days here, Mr. Zhou received briefings on the area s transportation assets and from executives at such companies and organizations as Monsanto, Pfizer, Bunge North America, Washington University, Webster University, the University of Missouri, Barnes-Jewish Hospital, the Danforth Plant Science Center, and others.

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For more information, contact:
Marc Schreiber
Vice President of Marketing & Development
St. Louis Sports Commission
314-992-0683
mschreiber@stlsports.org
FOR IMMEDIATE RELEASE

SHAUN HAYES NAMED NEW CHAIR OF THE
ST. LOUIS SPORTS COMMISSION
ORGANIZATION ADDS SEVEN NEW DIRECTORS
TO ITS VOLUNTEER BOARD

ST. LOUIS - Feb. 7, 2008 - The St. Louis Sports Commission's board of directors elected Shaun Hayes, president of Missouri banking for National City Bank, as the organization's new chair. Hayes will lead the Sports Commission's volunteer board for an initial two-year term through 2009. He previously served as the Sports Commission's vice chair and treasurer, and has been a longtime member and supporter of the organization.

"The Sports Commission is privileged to have Shaun as its new chair," said Sports Commission President Frank Viverito. "He has demonstrated a remarkable commitment to the St. Louis region, especially to the many civic organizations that are working to help make the area prosper. It means so much to us to benefit from his time, guidance and generosity, and we look forward to the role he will play in continuing the Sports Commi