Economy

Economy

Lindsey Grojean/KRCU

The Cape Girardeau City Council passed a tax increment financing incentive, also known as a TIF incentive, on a downtown building renovation project Monday. Two buildings are involved with the project, which comprise 1 North Main Street.

 

Jason Coalter with Centurion Development says a new farm-to-table style restaurant, an event center and a covered rooftop pavilion could potentially fill the space, which still houses original hardwood floors and 100 year old brick.

 

Cape Chamber

On Friday, January 27, 2017, I took the first ever ride given by carGO, Cape’s new ride sharing company.

Lindsey Grojean/KRCU

In 2013, the city of Cape Girardeau received a $700,000 Community Development Block Grant--or CDBG,  to turn pastureland into a business park in the Greater Cape Girardeau Area.

 

Construction concluded for a business park on LaSalle Avenue in Spring of 2015.  After three years, the block grant given to the city of Cape Girardeau had its final hearing on Tuesday. Mayor Harry Rediger said he’s pleased with the progress that’s been made.

Rise in Tourism Benefits Cape Girardeau Businesses

Feb 19, 2016
Breanne Bleichroth/KRCU

 

In January, Gov. Jay Nixon announced tourism in Missouri was on the rise. The state brought in more than 40 million visitors and nearly $13 million in revenue last year. The increase in tourism has been felt in the riverfront city of Cape Girardeau. Last year, the city saw a 3 percent growth in tourism.

While the increase was slim, Brenda Newbern, executive director of the Cape Girardeau Convention and Visitor’s Bureau, said many local businesses are reaping the benefits of the increased tourism traffic.

On Thursday, Shell released its full year report that showed an 80 percent drop in earnings from 2014 to 2015. The company's earnings fell steeply from $19 billion in 2014 to $3.84 billion in 2015.

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