The Business Development team were busy this year striving toward their 2019 goals.
The Business Development Team has worked hard year-round to retain, attract and expand businesses in St. Louis City and County. The team, led by Michelle Stuckey and Jason Archer, accomplish this work by collaborating with our economic development partners, St. Louis Development Corporation (SLDC), Alliance STL, MO Partnership and the Missouri Department of Economic Development (DED).
“We are proud of the successes we and our economic development partners accomplished this year and we look forward to continuing these achievements in the next decade” said Archer.
The team is also hard at work promoting and educating people about opportunity zones, and supporting Nvsted, an innovative online crowdfunding portal that provides a way for investors to help fund St. Louis-based startup companies.
“Together with our economic development partners, we assist businesses of all sizes in all areas of St. Louis City and county,” said Stuckey. “I’m excited about the work we are doing, growing businesses and creating and retaining jobs in our region, and look forward to continuing this important work in the future.”
Project highlights include:
Bayer’s investment of $164M in their North American Crop Science Division, located in Creve Coeur in the 39 North innovation district. They are planning to relocate 500 new jobs with an average wage of $110,000.
Benson Hill expanded in the 39 North innovation district to a 160,000 square foot building on the Danforth Plant Science Center’s campus in Creve Coeur. The company is undergoing rapid growth and selected the 39 North innovation district as the preferred location to serve as an integral part of a broader ag tech corridor.
The Partnership worked with SLDC to help Anheuser Busch (AB-InBev) invest $75 million in their historic brewery located in Soulard. This investment will help modernize the facility and allow them to make new products and retain 700 manufacturing jobs.
DRS Land Systems’ investment of $32M in a 171,500 square foot facility to build a new engineering development and light manufacturing facility and offices in Bridgeton, Missouri is a highlight as well. This facility will add and retain 297 jobs
PSC Metals’ $8.75M investment which will retain about 60 jobs at the St. Louis City facility.