• St. Louis Utility Rates Among the Lowest in the U.S.

    Jun 20, 2017

    Memphis Light, Gas, and Water Division does an annual comparative survey of utility rates in selected cities across the nation.(1)  The survey found industrial electric, gas, and water rates in the St. Louis area to be over 25% less than the survey average. St. Louis was also ranked 10th in lowest residential utility bill costs during the winter season.  The average residential monthly utility bill for a St. Louis resident was calculated to be $316.82 versus an average of $367.90 in the other cities.

    Industry benefits from the area's extremely low industrial electricity rates.  The following graph highlights the rates in the St. Louis MSA compared to the national average.  

    Note: Rates are based on 50,000,000 kWh (70,000 kW) usage.


  • St. Louis is Home to Nine Fortune 500 Headquarters

    Jun 13, 2017

    Each year Fortune magazine publishes their Fortune 1,000 list which ranks publicly traded U.S. companies by their total revenues.  In 2017, the St. Louis metro area is home to 17 Fortune 1,000 headquarters, one less than in 2016.  Last year Spire made the list at 980, but missed the cutoff this year.

    St. Louis Fortune 1000 Headquarters


     

    Company

    Rank

    Revenues ($ billions)

    1

    Express Scripts Holding

    22

    $100.288

    2

    Centene

    66

    $40.721

    3

    Emerson Electric

    139

    $20.268

    4

    Monsanto

    204

    $13.502

    5

    Reinsurance Group of America

    246

    $11.522

    6

    Jones Financial (Edward Jones)

    403

    $6.632

    7

    Graybar Electric

    420

    $6.385

    8

    Ameren

    431

    $6.076

    9

    Olin

    467

    $5.551

    10

    Post Holdings

    508

    $5.027

    11

    Peabody Energy

    533

    $4.715

    12

    Panera Bread

    760

    $2.795

    13

    Stifel Financial

    785

    $2.642

    14

    Caleres

    790

    $2.579

    15

    Edgewell Personal Care

    845

    $2.362

    16

    Belden

    846

    $2.357

    17

    Arch Coal

    946

    $1.974

    Source: “Fortune 500” Fortune, 2017.

    Nine companies remain in the top 500 for the regional area, but there has been some movement among the group as a whole.  Olin broke into the Fortune 500 as they continued their growth, while Peabody Energy slipped to 533 as they emerged from bankruptcy.

    Express Scripts has been a stable fixture holding their rank of 22nd on the list for the third year in a row.  Centene experienced the greatest jump in revenues from 2016, with an overall growth of $17.9 billion, moving up 58 places from 124 to 66 in 2017.  Centene is in the process of building a $770 million campus expansion at their Clayton headquarters. 

    Post Holdings continues to make progress towards cracking the top 500 with an 8.2% increase in revenue over the past year, putting them within eight spots of the Fortune 500. 

    Due to the constant changes in the business landscape as a result of mergers and acquisitions, the Fortune 1,000 list goes through regular changes year to year.  Next year will likely see Panera Bread and Monsanto leaving the list in light of their recent acquisitions. The list also does not account for many major St. Louis metro area companies such as nonprofits like BJC HealthCare or privately owned companies like World Wide Technology or Edward Jones.

    In spite of the regular turnover altering the business landscape, St. Louis headquarters continue to fare favorably in the rankings and sustain long-term growth. The Fortune list’s rankings illustrate St. Louis’ longstanding success as a viable location for headquarters of some of the nation’s most prominent and innovative organizations.