Banks & Business

Banks and Businesses have an immense impact on the strength and vibrancy of a community. Economic opportunity is essential for successful neighborhoods. Whether its community investment, volunteerism, private lending, or employment, the private sector impacts neighborhoods in numerous ways. We look forward to partnering with the private sector to build great places for people to live and work. We hope you will find this page a resource for news, research, best practices, and policy recommendations regarding how the private sector impacts neighborhood improvement.

Policy Recommendations for Banks & Business

Working with banks and businesses throughout our region, we hope to partner on policy changes that improve our collective ability to foster great neighborhoods. To open the conversation, below are some potential ways we believe the bank and business community could improve St. Louis’ regional community building system.

  • Explore mutually beneficial partnerships between community building nonprofits and private sector organizations, such as Regional Chamber and Growth Association, Civic Progress, and Leadership Council Southwestern Illinois
  • Encourage business start ups and business relocations to align themselves with neighborhood revitalization plans
  • Increase funding to RHCDA’s Regional Neighborhood Support Collaborative program
  • Increase communications among bankers and community development nonprofits through regular meetings between the St. Louis Metropolitan CRA association and the CBN Executive Committee
  • Market and promote neighborhoods in the St. Louis region, develop partnerships between community development nonprofits and real estate and business development associations such as Home Builders Association, St. Louis Associated General Contractors, St. Louis Association of Realtors, Missouri Growth Association, St. Louis Equity Fund, Regional Business Council, and the St. Louis Convention and Visitors Bureau(example organizations:)
  • Encourage businesses to fund community building nonprofits, especially for capacity building

 

Articles

Credit Awareness Month Events with the St. Louis Regional Unbanked Task Force

Join the St. Louis Regional Unbanked Task Force throughout the month of October for a variety of Credit Awareness Month Events!  For more information, click the flyer below or contact Lisa Potts at 314-239-1897.

Midwest BankCentre Pagedale Branch 5-Year Anniversary Celebration

Join the St. Louis Regional Unbanked Task Force, Beyond Housing, 24:1, and the City of Pagedale on Saturday, October 14 to celebrate the 5-year anniversary of Midwest BankCentre‘s Pagedale Branch! This event is FREE. Stop by for food, music, financial education, […]

Welcome Home St. Louis Down Payment Assistance Program

In partnership with six local housing counseling agencies, Enterprise Bank & Trust has launched the Welcome Home St. Louis Down Payment Assistance Program to offer assistance with down payments, closing costs, and mortgage insurance premiums to homebuyers in majority minority census tracts […]

SCORE Opportunities for Nonprofits

SCORE is a volunteer run organization affiliated with U.S. Small Business. SCORE provides mentoring to people starting new businesses, management consulting to ongoing businesses, and training workshops. All services are free with the exception of the workshops, which include a […]

STL Youth Jobs Summer 2016

STL Youth Jobs is a jobs and financial literacy training program for youth between the ages of 16 and 24. This program serves several St. Louis neighborhoods, including Penrose, O’Fallon, Mark Twain, Baden, Walnut Park East, Walnut Park West, Dutchtown, […]

TheBANK Opens Bilingual Banking Center

By Bill Yarbrough, Community Relations/Communications Coordinator TheBANK of Edwardsville FAIRMONT CITY, IL., NOVEMBER 19, 2015 – TheBANK of Edwardsville introduced the first full service, fully bilingual banking center in the St. Louis metro area on Thursday, Nov. 19, with the […]

HUDZ Committee Report on Economic Incentives

St. Louis Alderman Joe Roddy is beginning a conversation on how the city uses incentives and is working to find the most impactful ways to support revitalization. On May 6, 2015, he  shared a detailed presentation to the Housing, Urban […]

‘Get to Know M.E.’ Campaign Celebrates Metro East Community

A new collaborative effort of 23 businesses and organizations is working to improve the image of communities in the Metro East by raising awareness of its assets. St. Louis Public Radio’s Don Marsh interviewed Carol Bartle of “Get to Know […]

New Program Offers Job And Life Skills To Minorities And Women

This article from St. Louis Public Radio highlights a new eight week class by MOKAN Construction Contractors Assistance Center. This program provides job training, remedial education, drug counseling, and financial education in an effort to connect women and minorities with […]

Wells Fargo Advisors 2014 Community Giving Exceeds $8.4 Million

In 2014, Wells Fargo Advisors donated $8.4 million to over 250 nonprofits organizations and volunteered around 50,000 hours throughout the state of Missouri. Wells Fargo Advisors’s donations benefited St. Louis Public Schools, the Urban League of Metropolitan St. Louis, Stop […]

New Outdoor Market at Lemp Brewery Brings Small Business Shopping to Sundays

This article from St. Louis Public Radio describes plans for the “St. Louis Swap Meet,” an open market in the old Lemp Brewery. The owner of the market, Martin Casas, and James McKee of the Marine Villa Neighborhood Association see […]

Loop Trolley Breaks Ground After Years of Planning

The Loop Trolley Project held a ground breaking ceremony last Thursday along Delmar Blvd. at the city-county border. The project was first proposed by Joe Edwards in 1997 and is expected to be completed in 2016. To read more about […]

6 Months After Protests, Ferguson Businesses on Path to Rebuild

In case you missed it, NPR aired this story on the aftermath of Ferguson six months later. The story features the perspective of several members of the Ferguson community. To hear this story, click here.

How Innovation Districts Can Be Platforms for Economic Growth and Opportunity

In this opinion piece for the Living Cities blog, Bruce Katz of the Brookings Institute describes how innovation districts can connect with and help to revitalize low income communities. Of his suggested ideas, Katz proposes that innovation districts form partnerships […]

More Apartment Construction Coming to Area Near SLU

This Post-Dispatch story details plans from Cornerstone Development for a new four-story apartment building on West-Pine in the city’s central corridor. This $11 million project will add 77 apartments to the area. To read more about this development, click here.

Chouteau’s Grove Site Plan Made Public

Plans for an eight story apartment and a new grocery store have recently been made available to the public. The $85 million Green Street Development project has been planned for the site of the old Commerce Bank building on Manchester […]

Reinvest North County Fund Awards $29,500

The Reinvest North County Fund has awarded funds to various businesses impacted by recent events in Ferguson. The fund has been organized through a partnership with the St. Louis Regional Business Council and North County Inc. For more information, click […]

Green Street Set To Add 250 Apartments, 50,000sf Of Retail In The Grove

A $70 million mixed-use development is coming to the east end of The Grove. This new development will include 250 apartments and a grocery store. For more information on this project, click here.

Fewer St. Louis Households Lack Bank Accounts

The efforts of the St. Louis Regional Unbanked Task Force appear to be paying off. According to an FDIC National Survey of Unbanked and Underbanked Households, the percentage of unbanked black households in the St. Louis region decreased from 29 […]

Green Street Moves Ahead On Carondelet Coke Plan Business Park Redevelopment

Ground breaking for Green Street’s new business park in the Carondelet neighborhood has been set for early 2015. The project will span 725,000 square feet and is being funded through a combination private funds and tax incentives. For more information, click […]

Centene Picks Ferguson Building Near I-270

Centene Corporation recently announced plans to open a new health care plan processing center on Pershall Road in Ferguson. The center will employ 200 workers and cost $15 million. For more information, click here.

New ‘I Love Ferguson’ Store Aims To Support Local Businesses, Community Unity

A new storefront taking donations for ‘I Love Ferguson’ t-shirts and coffee mugs has opened on S. Florissant Rd. in Ferguson. Sales from the ‘I Love Ferguson’ store will benefit the North County Inc. initiative, Reinvest North County. For the […]

Midland States Bank pledges $16.6 million to settle fair housing complaint

Midland States Bank is opening new branches in St. Louis and Joliet, Illinois, and is planning to increase their financial services offered in minority communities. For the full story (stltoday subscription needed), click here.

Monsanto to give $1 Million to North County Initiatives

The United Way, the Urban League, Reinvest North County, and the Legal Services of Eastern Missouri are the groups set to receive a slice of the $1 million donated by Monsanto in support of Ferguson and other North County Communities. […]

Midland States Bank Accelerates Low-Income Lending

After receiving complaints from St. Louis Equal Housing and the Community Investment Alliance for low minority lending, Midland States Bank has now announced plans to help low income home buyers and home owners. The bank also recently hired David Noble […]

Cambridge Innovation Center Opens At Cortex

Cortex recently announced it will have a fourth tenant at its @4240 location: the Cambridge Innovation Center (CIC). CIC experienced considerable success at its home location in Cambridge Massachusetts due to its surrounding community. For the full story, click here.

Fund To Help Ferguson Businesses, Schools Awards First $95,000.

The Regional Business Council and North County Inc. recently issued the first round of grants from the Reinvest North County Fund. Effected businesses in Ferguson will receive $55,000 in grants, while the Ferguson-Florissant School District, the Normandy Schools Collaborative, Riverview […]

Clayton To Consider Tax Break, Zoning For $72 Million Project

Clayton is holding public hearings to discuss a potential development incentive for a residential high rise with the city’s “Central Station Transit Oriented Development District.” For the full story, click here.

Downtown Belleville Is On The Upswing

A combination of a $7 million streetscape project, public festivals, and business renovations are leading to positive developments in downtown Belleville. For the full story,click here.

Nixon and Others Unveil $1 Million no-interest loan program for Ferguson Businesses

Governor Jay Nixon announced the availability of $1 million in no interest loans for businesses affected by the events in Ferguson. The loan was put together by the St. Louis Regional Chamber, the St. Louis Economic Development Partnership, and several […]

Centene to Build New Claims Center in Ferguson

Following the unrest taking place in Ferguson over the past three weeks, Centene Corp. has announced it will build a new claims facility and bring 200 jobs to the city of Ferguson. For the full story, click here.

US Bank closes on financing for Arcade Building Rehab

Using New Markets Tax Credits and other state and federal tax credits, US Bank will invest over $77 million to rehab the historic Arcade building in downtown St. Louis. For the full story, click here.

Wash U set to open Loop Project

The Lofts at Washington University is ready to open on the Loop with new dorms, a grocery store and an all night diner. The Lofts are the result of years of planning by Washington University, designers, and local businesses. For […]

This Is Ferguson: Residents And Business Owners Tell Us About Their City

In this article from St. Louis Public Radion, local business owners, urban farmers, and Ferguson residents share why, in spite of negative coverage on national news, they are “Ferguson Proud.” For the full story, click here.

Restaurant Owners In Ferguson Unite, Seek To Return To Sense Of Normalcy

The restaurants along Florissant Avenue in Ferguson’s “Ferguson Citywalk” have created a sense of vibrancy in the community in recent years. This article by St. Louis Public Radio describes how residents of the Ferguson community have come out to support […]

Build For STL

The National Day of Civic Hacking (http://hackforchange.org/ ) is a White House initiative to promote the use of science and technology to solve civic problems. The weekend of May 30-June 1, cities all across the country will host Hackathons, block parties, […]

Pagedale to open full serivce bank and senior living facility

Beyond Housing and Midwest BankCentre will host the ribbon cutting for the Midwest Bank and Rosie Shields Manor senior living facility on November 15.  For more information click here.

Metropolitan St. Louis CRA Association

This newly formed community development association, chaired by David Noble, is working to ensure equally lending practices and services are offered to low-income areas. For more information click here.