St. Louis Development Corporation

Good Jobs First released its annual report, which found that St. Louis Public Schools is losing about $2,360 per student from tax incentives offered to developers. The St. Louis Development Corporation rebuffed the report’s findings.

The St. Louis Development Corporation is sending a second wave of surveys out to business owners. The first survey revealed that more than 216 businesses were severely damaged by the tornado.

Despite selling roughly 113 repaired homes in north St. Louis, only 12 of the homes sold through the program have been fully rehabbed.

Missouri Auditor Scott Fitzpatrick announced his office will audit the St. Louis Development Commission after an investigation found possible improper governmental activity.

Kea Point Solutions, founded by a project manager who worked on the National Geospatial Agency campus project, said it sees opportunity in tornado-impacted areas.

The St. Louis Local Development Company says organizations can each receive up to $5,000. The deadline to submit an application is Aug. 29.

An early look at the Vacancy Strategy Initiative Report shows the number of vacant properties in the city decreased by 4% since 2018.

Williams takes over for Neal Richardson, who was appointed by former Mayor Tishaura Jones and led the organization for the past four years.

The Stable Communities STL pilot program used federal American Rescue Plan Act dollars to hire contractors to repair vacant or neglected buildings and then pass on those costs to building owners

The city has made progress on two prominent vacant buildings in the past year, but rebounding from a “real estate nightmare” will take many more years.