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MAKING HEADLINES

The St. Louis region and its companies often make national news. This column highlights some of the most recent headline grabbers.

Wall Street Journal Spotlights Region’s “Biobelt” Plant and Life Science Initiative in National Story on Industry Clusters



The St. Louis region’s emergence as the center of the plant and life science industry continues to receive national media attention. The June 6 edition of The Wall Street Journal spotlighted St. Louis’ efforts to strengthen its plant and life science cluster, in a feature story examining the emerging trend in economic development to develop distinctive industry clusters as key elements of regional development strategies. Three regions were featured: St. Louis, San Diego and Kansas City.

In the year-long Battelle Study, through which the RCGA and civic partners developed St. Louis’ plant and life sciences cluster strategy, St. Louis was benchmarked against San Diego and eight other successful plant and life sciences regions. San Diego has developed one of the world’s strongest life science clusters over a 25-year period. Battelle projected that St. Louis could reach such a level of cluster prominence in 10 to 12 years, given the strong life/plant sciences assets already in the region.

Kansas City and St. Louis have been actively partnering over the past two years in an effort to encourage the Missouri Governor and Legislature to dedicate 20 percent of Missouri’s Tobacco Settlement to establish an ongoing fund for life and plant sciences research. The recently-concluded General Assembly included a $22 million first-year commitment for this purpose in the budget.

The Wall Street Journal article (http://www.stlrcga.org/memo/06062001.html) highlighted the BioBelt brand, the well-established plant and life sciences role of Monsanto and other business strengths, the new Donald Danforth Plant Science Center, the Stowers Institute for Medical Research in Kansas City, Washington University’s strong research role, and the RCGA’s focus on this industry cluster.

St. Louis Engineering Firms Ranked in Top 500

Five firms with their corporate headquarters in the St. Louis metropolitan area have been named to the “Top 500 Design Firms” list, according to Engineering News Record (April 16, 2001, page 58), the international publication for the engineering design and construction industry.

The firms and their rankings are: (see table below)



CEO Magazine’s Annual Growth 100 List Includes Toan of Express Scripts


Barrett Toan

Express Scripts’ Barrett Toan ranked amongst the CEOs from America Online, Cisco Systems and Texas Instruments in CEO Magazine’s 10th annual CEO Growth 100.

The list was compiled of companies that delivered superior stock-price gains over the prior three years, had the same CEO from January 1998 through December 2000, was a public company from 1996 to 2000 and the common stock had a market capitalization value of at least $1.71 billion at the end of 1999.

Network World Awards CoreExpress as One of “10 Start-Ups to Watch” in 2001
CoreExpress Also Named One of Leading Network Service Providers by America’s Network Magazine


Network World magazine has named St. Louis-based CoreExpress one of the “10 Start-Ups to Watch” in 2001. In addition, America’s Network magazine listed CoreExpress as one of nine most innovative and most promising startups in the country. The company showcased its award-winning technology and services at the spring Networld+Interop tradeshow in Las Vegas.

These awards demonstrate the value of CoreExpress Extranet, the only service currently available that allows companies to communicate across company sites or with business partners using their existing Internet connections with guaranteed performance and reliability even if they use different Internet Service Providers (ISPs). CoreExpress Extranet was made commercially available during the first quarter of 2001.

Network World’s “10 Start-Ups to Watch” is the industry’s annual list of strong networking start-ups appearing in the Network World 200 Issue, a special edition ranking the 200 biggest U.S. public companies in the network industry. This Network World “10 Start-Ups to Watch” feature consists of companies launched by experienced network professionals focusing on the essentials: delivering products, attracting enterprise customers, earning profits and building lasting technology. Network World editors chose companies they considered “sharp enough for the long-haul.”

CoreExpress was recognized by Network World as the best known—and best funded—of a group of upstart service providers enabling the Internet for secure, critical business applications. Editors carefully screened eligible companies based on a number of critical issues including the industry experiences of each companies’ founders, top executives and other personnel, the amount and type of funding the company has received, and customer testimonials. In short, the selection process focused on companies with seasoned executives and innovative services that address real market needs.

Along with the Network World distinction, CoreExpress was also named by America’s Network magazine as one of the nine hottest startups in the country, based on the company’s unique solution to the problems associated with traditional peering. As part of this solution, CoreExpress has established an Internet core network that bypasses public peering points and guarantees service quality across multiple ISPs. The editorial staff chose the “Hot Startups” for their innovation, promising business models, strong leadership and overall likelihood of success even in bumpy market conditions.

“Being recognized by two of the leading telecom publications as a top-notch startup on the path to success is a resounding endorsement of our technology and our management,” says Mike Gaddis, then CEO of CoreExpress. “The focus of our company now and going forward is to attract enterprise customers and to ensure that we continue to raise the bar on service quality so that the Internet can finally reach its potential as a business-critical communications medium.”
 

 

 


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