Economic and Demographic Overview
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ECO NO MIC AND DEMO G RAPHI C O VERVIEW The St. Louis Metropolitan Statistical Area (MSA) is the 20th largest metro area in the U.S., the St. Louis ranked 5th in largest metropolitan area in Missouri, and the second largest in Illinois. Comprised of 8,458 “Best Cities for Jobs” square miles in 15 counties, seven in Missouri and eight in Illinois, it is located in the center of Glassdoor, 2017 the U.S. at the confluence of the Mississippi and Missouri Rivers. Greater St. Louis boasts an affordable cost of living, a diverse economy with a lower than average cost of doing St. Louis named among business, and a well-educated workforce. “Best Places for Business and Careers” Forbes, 2016 Greater St. Louis ranked 18th “Best Metro Area for STEM Professionals” WALLETHUB, 2017 St. Louis ranked 7th “Most Affordable Large City in the U.S.” Forbes, 2017 2
ECO NO MIC AND DEMO G RAPHI C O VERVIEW ST. LOUIS ECONOMY FACTS Originally established as a trading center, manufacturing then grew significantly in the region. In the past twenty years the service sector has diversified and expanded. Four key industry clusters are propelling future job creation in St. Louis. • Bioscience • Financial and Information Services • Health Sciences and Services • Multimodal Logistics and Advanced Manufacturing The financial services and information technology services cluster employs more than 90,000 people in 6,200 companies while 6,500 health care companies employ about 200,000 people. Approximately 70,000 are employed by hospitals in the region. There are more than 103,700 companies in St. Louis that employ over 1.4 million people. Sixteen Fortune 1000 companies are headquartered in St. Louis—nine of those are Fortune 500. With over $100 billion in revenue, Express Scripts Holding remains the highest-ranking company in St. Louis, and in Missouri. Lambert-St. Louis International Airport has an overall community impact of $3.6 billion annually. It supports 25,000 jobs through airlines, vendors, service organizations and the city of St. Louis. 3
ECO NO MIC AND DEMO G RAPHI C O VERVIEW ST. LOUIS ECONOMY FACTS Tourism is ranked the sixth top industry in the area. St. Louis warmly welcomes almost 26 million visitors annually who spend $5.4 billion and support over 86,000 jobs whether as a vacation, business or other destination. Scott Air Force Base located in St. Clair County near Belleville, Illinois employs 14,800 people with an annual economic impact of $4 billion. The base also indirectly supports 40,000 jobs in the Greater St. Louis Metropolitan Area. The world’s largest aerospace company, Boeing, is the fifth largest employer in St. Louis with over 15,000 employees and is the largest manufacturer in the state. The St. Louis Gross Metropolitan Product (GMP) was $161 billion in 2016, a 4.2% increase from 2015, ranking St. Louis 21st among U.S. regional economies in GMP, ahead of Charlotte, Pittsburgh and Riverside. 4
ECO NO MIC AND DEMO G RAPHI C O VERVIEW POPULATION UNEMPLOYMENT INCOME The St. Louis MSA population increased As of July 2017, the St. Louis MSA monthly Income for St. Louis MSA residents has 9.7% from 1990 to 2016 growing from unemployment rate was 4.0%, down .9% risen steadily over the past several years. 2,599,893 to 2,827,124 residents. The area from one year ago with projections for From 1990 to 2016 the median household population is projected to reach 2,909,110 continued improvement. Moody’s reports income in the area rose from $31,774 to people by 2021, a 2.9% increase. that Greater St. Louis will see job growth of $57,480. The median household income is 2.2% in 2017. projected to reach $66,619 by 2021, up The Greater St. Louis population is projected to reach 3.3 million by 2060, an 18% 11.5% from 2016. increase over 2010. POPULATION TREND ANNUAL UNEMPLOYMENT MEDIAN HOUSEHOLD – ST. LOUIS MSA RATES – ST. LOUIS MSA INCOME– ST. LOUIS MSA $66,619 2,909,110 3,000,000 12% $70,000 $57,480 $65,000 2,827,124 2,900,000 2,787,701 $60,000 9% $55,000 $44,555 2,800,000 2,675,294 $50,000 6% $45,000 2,700,000 2,560,298 $31,774 $40,000 3% 2,600,000 $35,000 Unemployment Rate $30,000 2,500,000 0% $25,000 1990 2000 2010 2016 2021* 07 08 09 10 11 12 13 14 15 16 17* 1990 2000 2016 2021* *PROJECTED 5
ECO NO MIC AND DEMO G RAPHI C O VERVIEW MULTIFAMILY PERMITS ABSORPTION/CONSTRUCTION As of July 2017, 658 multifamily permits had In July 2017 a total of 658 units had been been issued in the St. Louis Metro Area. constructed and a total of 1,000 units is expected by year-end. MULTIFAMILY PERMIT NEW CONSTRUCTION VS. ACTIVITY – ST. LOUIS MSA ABSORPTION – ST. LOUIS METRO APARTMENT MARKET 1,506 3,000 1750 1,345 1,277 2,495 1,250 1500 2,333 2276 1,000 1250 2,400 848 1000 846 782 726 676 658 658 750 455 1,800 500 1299 250 1,200 0 729 728 Construction 658 -250 -250 Absorption 600 -500 2011 2012 2013 2014 2015 2016 2017* 2011 2012 2013 2014 2015 2016 2017* *JULY 2017 - National Association of Home Builders *PROJECTED 6
ECO NO MIC AND DEMO G RAPHI C O VERVIEW VACANCY RENT The average apartment vacancy rate for the The average rent paid has increased more St. Louis Metro area in 2016 was 6.7% than 32% between 2010 and August 2017. according to the Department of Numbers. AVERAGE APARTMENT AVERAGE APARTMENT RENT VACANCY RATE – ST. LOUIS METRO MARKET – ST. LOUIS METRO MARKET 9 $1,100 $992 $983 8.5 $945 $1,000 7.9% 7.8% $888 8 $900 7.4% $824 7.5 $774 $762 7% $800 6.7% 7 6.6% 6.5% $700 6.5 6 $600 2010 2011 2012 2013 2014 2015 2016 2011 2012 2013 2014 2015 2016 2017* DEPARTMENT OF NUMBERS *JULY 2017 7
ECO NO MIC AND DEMO G RAPHI C O VERVIEW ST. LOUIS AREA LARGEST EMPLOYER ECONOMY/EMPLOYMENT – ST. LOUIS The cost of doing business is significantly lower in the St. Louis region compared to BJC Healthcare 24,182 similarly sized regions. Accounting firm KPMG has listed the Wal-Mart Inc 22,006 St. Louis area as the 9th most cost-competitive large metropolitan area to conduct SSM Health Care 15,949 business in, based on a variety of factors. Both Missouri and Illinois offer a host of different incentives and tax credits to encourage business formation and investment. Washington University in St. Louis 14,692 Boeing Defense, Space & Security 14,617 The St. Louis metro workforce of more than 1.4 million provides a great range of available education, skills and experience. Businesses have access to a wealth of Mercy Health 13,715 highly educated and trained talent at wages below U.S. averages. For a metropolitan Scott Air Force Base 13,000 area its size, St. Louis has very competitive wage rates, representing a cost Schnuck Markets, Inc. 10,897 advantage for firms operating in this market. Archdiocese of St. Louis 10,460 Greater St. Louis has a strong and diverse economy, which includes medicine, AT&T 10,015 biotechnology and research. About 35% of those employed in the region—500,000 people—are employed in the Technology Corridor, extending about 36 miles in ST. LOUIS BUSINESS JOURNAL, 2016 BOOK OF LISTS Missouri and 15 miles in Illinois. 8
ECO NO MIC AND DEMO G RAPHI C O VERVIEW EDUCATION The St. Louis Metro Area has a wide range of higher education institutions consistently turning out new entrants into the workforce while providing extensive opportunities for continuing education and training for employees and businesses. More than 30 four-year colleges and universities in the area enroll about 125,000 students each year. Two national research universities call St. Louis home—Washington University and St. Louis University. Both institutions are known nationally for leading medical research and beyond. Over 30% of residents 25 years or older have earned a bachelor’s degree or higher. ST. LOUIS MSA LARGEST COLLEGES AND UNIVERSITIES – ST. LOUIS St. Louis Community College 19,052 University of Missouri-St. Louis 17,014 Washington University in St. Louis 15,130 Southern Illinois University Edwardsville 14,142 Saint Louis University 12,280 Lindenwood University 10,750 Lewis and Clark Community College 7,421 St. Charles Community College 6,822 Webster University 5,439 Southwestern Illinois College 4,172 ST. LOUIS BUSINESS JOURNAL, BOOK OF LISTS 2016 9
ECO NO MIC AND DEMO G RAPHI C O VERVIEW – DEVELO PMENT / CO NST RUCT IO N Creating Jobs and Building a Better Metro Area BALLPARK VILLAGE NATIONAL GEOSPATIAL-INTELLIGENCE AGENCY A $220 million, 550,000-square-foot phase II project will include a The NGA has selected North St. Louis as the location for its new 97- luxury high-rise residential tower with 300 units; retail, restaurant and acre campus. The location for the $1.75 billion project was selected entertainment space along with structured parking; and the first based on environmental, cost and policy advantages; partnerships Class-A office building in almost 30 years. It will create 2,500 new with universities and innovative technology companies; access to jobs upon completion in 2019. Ballpark Village is the first sports talent; and proximity to its data facilities and current and future anchored entertainment district in the Greater St. Louis workforce. Completion of the project including a 700,000-square-foot Metro Area and is located next to Busch Stadium, home of main building, parking garage and green space with walking paths is the St. Louis Baseball Cardinals. expected in 2025. UNIVERSITY CITY LOOP TROLLEY The Loop Trolley is a 2.2-mile fixed-route electric trolley in St. Louis and University City, which will link the Delmar Loop to the Photo To Come world-renowned Forest Park. The $51 million project will connect area neighborhoods, provide environmentally friendly transportation, support tourism and promote economic development. The Trolley is scheduled to begin running in Fall 2017. GATEWAY ARCH PARK UNION STATION The last phase of the $380 million project—the new Arch museum The historic and beloved St. Louis Union Station is undergoing an including a 46,000-square-foot expansion—is slated for completion in ambitious $150 million renovation and expansion. A 65,000-square- Summer 2018. The Luther Eli Smith Square, the riverfront, the Arch foot aquarium is slated to open in 2019 after completion of the park grounds and Keiner Plaza are all open. The development will gateway light tunnel with 3-D animation and an additional 30,000 have a lasting economic, social, environmental, educational and square feet of event space. recreational impact. 10
ECO NO MIC AND DEMO G RAPHI C O VERVIEW – DEVELO PMENT / CO NST RUCT IO N Commercial Development Spurs Growth – ST. LOUIS COUNTY ALINEA TOWN & COUNTRY CENTENE CENTRE The Alinea is a 254-unit apartment complex conveniently located in The Centene campus expansion is a $770 million development the suburb of Town & Country on Daylight Drive. The developers are located in Clayton’s central business district where Forsyth and Tristar Companies and Balke Brown Transwestern. Hanley meet. When complete it will provide 3.3 million square feet of combined office space, residential living, ground level retail, AMAZON DISTRIBUTION CENTERS structured parking, a hotel and a civic center with auditorium. The Amazon has leased 448,000 square feet of warehouse space in the first phase of the project is a 28-story office building with a parking Hazelwood Logistics Center where the company plans to hire more structure that will be completed in 2020. Clayco is the construction than 350 people. Amazon has already opened two fulfillment centers company and Cushman & Wakefield will manage leasing. in Edwardsville, IL employing over 1500 people. CLAYTON AND HANLEY A development by GBT Realty Corporation is planned for the prominent corner of Hanley and Clayton Roads. Vacant for almost 20 years, the 750,000-square-foot development will be more than half residential units with a 763-space parking garage, a 30,000 square foot grocer and an additional 10,200 square feet of retail and restaurant space. CLAYTON 8500 MARYLAND AVENUE THE BOULEVARD A 229-unit residential five- to six-story building atop a two level, 355- Construction of the second phase of The Boulevard development is space parking garage along with 5,000 square feet of street level scheduled to begin in 2018 with completion slated for 2019. Condor retail space is planned by Covington Realty Partners at the edge of Property and Edwards Realty are developing the $100 million project, Clayton. which includes 200,000 square feet of retail space, 75 apartments and 100,000 square feet of office space with a connected parking garage. It is centrally located on Brentwood Boulevard just north of Highway 64. 11
ECO NO MIC AND DEMO G RAPHI C O VERVIEW – DEVELO PMENT / CO NST RUCT IO N Commercial Development Spurs Growth – ST. LOUIS COUNTY CLAYTON NORTH CENTRAL AVENUE TWO TWELVE A $41 million mixed-use project is planned for the corner of North The $75 million development located on South Meramec in Clayton Central and Maryland Avenues in downtown Clayton. Opus is the is a new 26-story residential tower with 250 units, a four-level parking developer of the 210,000-square-foot building, which includes 120 garage and street level retail developed by CA Ventures of Chicago apartments, 13,500 square feet of street level retail, and 145 below and White Oak Realty Partners of Rosemont, Ill. grade parking spaces. EVO APARTMENTS THE VUE AT CREVE COEUR The $54 million luxury 281-unit apartment building sits prominently at The Vue at Creve Coeur is a new luxury apartment development with Interstate 64 and Brentwood Boulevard. Built by Draper and Kramer 186 units. The complex was developed by Orange County based- of Chicago, the community has a unique four-story parking garage BCC Capital Partners. that allows direct access from each level of the apartment building. WORLD WIDE TECHNOLOGY The developer plans to build a total of 800 units by 2020. The second largest privately help company in the Greater MONSANTO St. Louis Metro area has built a new 210,000-square-foot The agricultural biotech giant is completing a $400 million expansion headquarters located in Westport Plaza in Maryland Heights. The of its Chesterfield Village Research Center. The greenhouse $90 million project includes a 10-story office building for more than structure is 105,000 square feet, with 13 open greenhouses and 23 1,000 employees, a 743-car parking garage and an outdoor concrete bench-format greenhouses. They allow for very controlled research, plaza. The building is a joint project between LHM and World Wide with better air-control over both temperature and humidity. About Technology to revitalize Westport, an existing business and 1,100 employees work at the facility currently. When the new building entertainment district. is complete, there will be room for about 2,000. Alberici is the construction manager for the project. 12
ECO NO MIC AND DEMO G RAPHI C O VERVIEW – DEVELO PMENT / CO NST RUCT IO N Commercial Development Spurs Growth – ST. LOUIS CITY BJC HEALTHCARE CORTEX The Campus Renewal Project is a long-term $1.2 billion project to The Cortex Innovation Community is a collaboration of Washington transform Washington University Medical Center through new University in St. Louis, Saint Louis University, University of Missouri- construction and renovations. Campus Renewal is a partnership St. Louis, Barnes-Jewish Hospital Foundation, and the Missouri between Barnes-Jewish Hospital, St. Louis Children’s Hospital and Botanical Garden. It is building one of the country’s largest innovation Washington University School of Medicine. It includes construction of districts. More than $550 million has been invested to date with a almost 2 million square feet of new space and renovation of more projected $2.3 billion total investment after the completion of five than 250,000 square feet and will generate thousands of new jobs. phases. Currently more than 250 companies employ 4,200 people in technology-related jobs in more than 1.7 million square feet of new space. DAGGETT COMPLEX ON THE HILL Construction of a new residential development including 225 apartments, 49 town homes, 45 condominiums and 20 single family homes is expected to begin by the end of 2017 with the first phase CITIZEN PARK complete in 2018. Sansone Group and Draper and Kramer are Opus is the developer of the luxury apartment building with 217 units. developing the project on 11 acres located on The Hill at 4932 It is located at 4643 Lindell Boulevard across the street from the Daggett Avenue. The development will be within walking distance to famous St. Louis Cathedral Basilica in the heart of the Central West many locally owned restaurants and stores. End. THE EUCLID CLARK SCHOOL APARTMENTS Located at 40 North Euclid in the Central West End, The Euclid is a Another development is underway on the Delmar Divide. Helix Realty new 60-unit boutique apartment building developed by Koman is transforming William Ittner’s historic Clark School on Union Group. Boulevard into 44 market rate apartments. The elaborate building with intricate diamond patterned brickwork, copper domed towers and gabled entrances, is on the National Register of Historic Places. 13
ECO NO MIC AND DEMO G RAPHI C O VERVIEW – DEVELO PMENT / CO NST RUCT IO N Commercial Development Spurs Growth – ST. LOUIS CITY IKEA ST. LOUIS SAINT LOUIS UNIVERSITY HOSPITAL The only IKEA store in Missouri and for hundreds of miles around Ground has been broken for the new state-of-the-art SSM Saint was built on 21 acres along Interstate 64 and Vandeventer Avenue in Louis University Hospital, slated to open in 2020. The new 600,000- Midtown’s Cortex Innovation Community. The 380,000-square-foot square-foot, 10-floor hospital will have 316 private patient rooms. A IKEA store and restaurant destination opened in 2015 and draws four-story, 200,000-square-foot outpatient facility, a large parking hundreds of thousands of visitors annually. garage and expanded emergency department with its own parking lot are also part of the new development located on Grand Avenue along Highway 44. SEVENTH & VICTOR Located in the Soulard Local Historic District and the Soulard National Register Historic District, construction of the 118-unit apartment building with 59 parking spaces is underway and being developed by Whistler One LLC. ONE HUNDRED KINGSHIGHWAY This new 36-story apartment building will rise above its counterparts SOULARD ICEHOUSE in the Central West End. The 305-unit, 540,000-square-foot Located in the old Polar Ice factory, Phase II of Soulard IceHouse is development by Mac Properties will overlook the picturesque Forest underway. Developer Asprient Properties is adding to the existing 42 Park and includes a 355-car parking garage, 880 square feet of retail units located on 9th Street in the heart of Soulard within walking space and 6750 square feet of amenity space. Completion is slated distance to many restaurants, bars, entertainment venues and the for 2019. famous Soulard Farmer’s Market. THE PIAZZA ON WEST PINE PHASE II The Piazza on West Pine is expanding with a Phase II slated for completion by Cornerstone Properties in the summer of 2018. 14
ECO NO MIC AND DEMO G RAPHI C O VERVIEW TRANSPORTATION St. Louis has some of the best highway access in the nation according to the Regional Transportation St. Louis District U.S. Army Corps of Engineers. Major highways and interstates run through the area. It is home to a broad public transportation system, an international airport and a national port. HIGHWAYS AND INTERSTATES Seven major interstates and highways go through the Greater St. Louis Metropolitan Area: I-44, I-55, I-64, I-70, I-170, I-255 and I-270. PUBLIC TRANSPORTATION is operated by Metro, the region’s extensive public transportation system. The Metro System includes MetroLink, the light rail system, MetroBus and Metro Call- a-Ride vans. The MetroLink light rail has 46 miles of track, 37 stations and 19 park-ride lots. It was the second busiest light rail system in the Midwest and one of the largest in the U.S. with more than 15 million passengers in 2016. Madison County Transit and St. Charles Area Transit System also align with Metro. LAMBERT-ST. LOUIS INTERNATIONAL AIRPORT is the largest airport in Missouri, serving nearly 14 million passengers annually. A $2.6 billion runway expansion and an almost $100 million East Terminal expansion were completed in 2015. It is centrally located just 15 minutes from downtown St. Louis with on-site access to MetroLink. There are also 12 general aviation airports in the St. Louis Metro area. THE PORT OF METROPOLITAN ST. LOUIS The Port of Metropolitan St. Louis is 70 miles long, includes both sides of the Mississippi River and is the 17th largest U.S. port. It serves multiple states and cities along Inland Waterway supporting thousands of jobs in Missouri and Illinois. 15
ECO NO MIC AND DEMO G RAPHI C O VERVIEW DEMOGRAPHICS TOTAL POPULATION AVERAGE INCOME MEDIAN INCOME 2010 2,787,701 2010 $67,868 2010 $51,603 2016 2,827,124 2016 $78,213 2016 $57,480 2021* 2,909,110 2021* $90,648 2021* $66,619 Growth Rate (2016 – 2021) 1.3% Growth Rate (2016 – 2021) 15.90% Growth Rate (2016 – 2021) 11.50% TOTAL HOUSEHOLDS MEDIAN HOME PRICE MEDIAN AGE 2010 1,109,665 June–2016 $170,300 2010 37.9 2016 1,117,156 July–2017 $174,000 2016 38.9 2021* 1,129,349 Growth Rate Y-o-Y 2.20% 2021* 39.6 Growth Rate (2016 – 2021) 1.10% RENT VS OWN RENTER OCCUPIED Average Mortgage YEAR NUMBER PERCENT OF HOUSING UNITS $1,099 Payment** 2010 325,936 29.40% Average Rent $992 2016 338,499 30.10% Difference $109 2021* 348,553 29.80% Growth Rate (2016 – 2021) 3.00% *JULY 2017 **30-YEAR FIXED RATE; 20% DOWN; 4.15% INTEREST RATE; 1.75% PROPERTY TAXES 16
ECO NO MIC AND DEMO G RAPHI C O VERVIEW – LO CAT IO N DESCRIPT IO N The St. Louis region is an ideal location for companies with U.S. distribution networks. It boasts the third largest rail hub in the nation, and sits at the heart of the U.S. Inland Waterway System. St. Louis is the most centrally located major metropolitan area for transportation and logistics operations, positioned near the geographic and population centers of the United States and within a day’s drive from one-third of the US population. The region’s optimal location provides quick and efficient transport to the rest of the country. In addition, the lack of congestion in the region makes for rapid turnaround of freight as it travels into and out of the region. ECONOMIC SNAPSHOT Governments and civic organizations throughout the St. Louis region work together across state lines to attract businesses and investment dollars. They are collaborating on supporting startups and building the new $670 million I-70 Mississippi River bridge connecting the Missouri and Illinois portions of the St. Louis region, among other projects. Economic development organizations throughout the region provide confidential site selection and advisory services. The St. Louis Regional Chamber covers the entire 15-county, bi-state metro; and the Leadership Council Southwestern Illinois provides pivotal leadership in the Illinois counties of Madison and St. Clair, two of the region’s most prominent locations for major distribution center, rail, barge, airport and pipeline facilities. 17
ECO NO MIC AND DEMO G RAPHI C O VERVIEW – LO CAT IO N DESCRIPT IO N HEALTH CARE MERCY HOSPITAL ST. LOUIS • This 962-bed hospital is the only Level One Trauma Center in St. Louis County. • Mercy Hospital has all private rooms including those in the Mercy Heart and Vascular Hospital and the Mercy Children’s Hospital. • The campus also includes the David C. Pratt Cancer Center, a nationally accredited center for outpatient treatment, radiation oncology and infusion services for cancer patients. BARNES JEWISH HOSPITAL • The largest hospital in Missouri has over 1,300 beds and is the top employer in the city. • Barnes Jewish Hospital is the adult teaching hospital for Washington University School of Medicine and has centers of excellence in heart and vascular care, neurology and neurosurgery, orthopedics, Siteman Cancer Center, Spine Center and transplant. Other hospitals include Missouri Baptist Hospital, St. Louis Children’s Hospital and Christian Hospital. 18
ECO NO MIC AND DEMO G RAPHI C O VERVIEW – LO CAT IO N DESCRIPT IO N RETAIL, LEISURE AND ENTERTAINMENT St. Louis boasts three outlet malls—St. Louis Premium Outlets and St. Louis Taubman Prestige Outlets in conveniently located Chesterfield and St. Louis Outlet Mall located in North County. Other major malls include the St. Louis Galleria, West County and Plaza Frontenac. Whether you are looking for bargains, outdoor and sporting goods, unusual finds or high-end goods, St. Louis has some of the best shopping in the Midwest! Forest Park, voted the number one city park in the U.S., is home to five major cultural institutions: the St. Louis Art Museum, the St. Louis Science Center, the Missouri History Museum, The Muny outdoor theatre and the St Louis Zoo—voted America’s number one zoo and top free attraction in the U.S. Other area attractions include: Ballpark Village and Busch Stadium, home of the St. Louis Cardinals, St. Louis City Museum, Scottrade Center, home of the St. Louis Blues Hockey team, the Gateway Arch, Missouri Botanical Garden, Grant’s Farm, Fox Theatre, National Blues Museum, Six Flags St. Louis and Hollywood Casino. St. Louis is a haven for cultural communities and dining. The St. Louis Hill is home to many authentic Italian restaurants and markets while the Delmar Loop is home to more than 145 specialty shops, restaurant, galleries, clothing boutiques, gift stores, entertainment venues and a boutique hotel. The Soulard and Lafayette Square areas in St. Louis city are interesting destinations complete with a farmer’s market, historic homes and unique dining venues. Recreational facilities are plentiful such as local community centers and gyms and scenic bike and hiking trails including The Katy Trail, The Great River Road Trail, Grant’s Trail and Creve Coeur Lake. St. Louis is also home to beautiful golf courses including Normandie Golf Club, the Highlands Golf and Tennis Center in Forest Park, and Ruth Park, a friendly nine-hole course. 19
ECO NO MIC AND DEMO G RAPHI C O VERVIEW – LO CAT IO N DESCRIPT IO N EDUCATION University of Missouri-St. Louis (UMSL) is a 470-acre campus with over 17,000 students. UMSL is the largest public research university in eastern Missouri offering a broad range of undergraduate and graduate programs. Washington University in St. Louis has over 15,000 students and is a four-year liberal arts institution with seven schools for undergraduate and graduate students. Other area higher education institutions include Lindenwood University, St. Charles Community College, Saint Louis University and Webster University. 20
ECO NO MIC AND DEMO G RAPHI C O VERVIEW SOURCES BJC https://wallethub.com/edu/best-worst-metro-areas-for-stem-professionals/9200/ Bureau of labor Statistics https://www.forbes.com/best-places-for-business/#211bac99745e Centene https://www.forbes.com/pictures/emeg45effdi/introduction/#5210cea52e27 CityArchRiver https://www.bls.gov/eag/eag.mo_stlouis_msa.htm Cortex https://www.shrm.org/hr-today/trends-and-forecasting/labor-market-and-economic-data/Documents/stlouis.pdf Data USA https://www.stlouis-mo.gov/government/departments/sldc/project-connect/nga/about.cfm Demographics Now http://fox2now.com/2014/08/07/10-reasons-why-st-louis-is-awesome/comment-page-1/ Forbes http://www.huffingtonpost.com/2014/03/21/st-louis-reasons-to-love_n_4993763.html Fortune https://www.shrm.org/hr-today/trends-and-forecasting/labor-market-and-economic-data/Documents/stlouis.pdf Glassdoor https://www.bls.gov/regions/mountain-plains/summary/blssummary_stlouis.pdf IHS Global Insight http://www.bestplaces.net/economy/city/missouri/st._louis Lambert St. Louis International Airport https://realestate.usnews.com/real-estate/slideshows/the-25-best-affordable-places-to-live-in-the-us-in-2017?slide=9 Metro Transit http://www.stlregionalchamber.com/blog-post/chamber-blog/2017/06/13/st.-louis-is-home-to-nine-fortune-500- Monsanto headquarters Moody’s http://www.stlregionalchamber.com/work/talent Next STL http://fortune.com/fortune500/, Accessed 6/13/17. St. Louis Business Journal Book of Lists https://cortexstl.com/who-we-are/ St. Louis Government http://www.stltoday.com/business/local/union-station-aquarium-will-be-smaller-and-take-longer-than/article_db63b89b- St. Louis Post-Dispatch 0d4f-556a-864d-058b4aa405a0.html St. Louis Realtors https://www.centene.com/centene-clayton-campus-expansion/project-design.html St. Louis Regional Chamber &Growth Association https://www.centene.com/centene-clayton-campus-expansion.html STL Public Radio https://www.bjc.org/Construction/About STL Gateway https://nextstl.com/2013/08/bjc-may-boost-1st-2nd-phase-expansion-budget-by-150-million-demolition-expected-in- STLToday november/ The Port of Metropolitan St. Louis https://www.stlouis-mo.gov/government/departments/sldc/slpa/port-of-metropolitan-st-louis.cfm Trip Savvy http://www.stlgateway.com/business-climate/logistics-infrastructure/ Union Station http://www.stlgateway.com/business-climate/strategic-location/ U.S. Bureau of Labor Statistics http://www.stlgateway.com/business-climate/bi-state-leverage/ U.S. Census Bureau www.Stlregionalchamber.com US News http://www.stlregionalchamber.com/docs/regional-chamber/economic-development/business-environment/st-louis-msa- overview.pdf?sfvrsn=2 http://news.stlpublicradio.org/post/monsanto-opens-high-tech-greenhouses-midst-acquisition#stream/0 https://www.bjc.org/About-Us/Facts-Figures https://www.tripsavvy.com/st-louis-largest-and-top-rated-employers-3137288 21
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