St. Louis economy

The James S. McDonnell Foundation has announced that it is providing $1 million to help fund the City of St. Louis’ Guaranteed Basic Income program through December after the program was halted this summer due to a lawsuit.

The guaranteed basic income program restarted last week thanks to a private donor. A judge had ordered the effort be suspended earlier this year after a lawsuit against the city.

Hundreds of low-income families will lose city funding this month. A St. Louis judge temporarily halted guaranteed basic income payments after a lawsuit claimed the program is unconstitutional.

According to the U.S. Census data’s 2021 American Community Survey, immigrant households in the St. Louis region earned nearly $6 billion in total income, and held over $4 billion in spending power. St. Louis University demographer Ness Sandoval says immigrants are making a small but meaningful contribution to the vibrancy of the area’s economy, but there is more work that needs to be done to attract more immigrants.

The St. Louis Development Corporation has been selected to join a national effort to examine racial inequity in development. Development corporation leaders say they aim to spur economic growth in long-neglected communities.

A St. Louis nonprofit plans a six-month training program to help low-income women gain financial stability. Rung for Women will offer 120 women financial literacy classes, health and wellness sessions and career counseling.

Missouri is one of the only states that did not update its tax law after the U.S. Supreme Court case South Dakota v. Wayfair Inc. This decision allowed…

In a Brookings Institution study of 70 older industrial cities, St. Louis ranks among the ones with stronger economies that are making progress on the…

As protests over the Jason Stockley verdict continue in St. Louis, the persistent chant of “no justice, no profits ” can be heard. Now, that credo is…

A major sporting event in St. Louis next summer will give the region worldwide attention. The 100th PGA Championship will take place at Bellerive Country…