• 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.
  • Chamber supports Centene expansion plans in Clayton

    Jul 20, 2016

    We are excited to support the expansion of Centene’s headquarters in our region and the addition of new jobs to our regional economy.  Below is the text of a letter I sent to Michael Neidorff today, expressing our support for their continued growth.

    July 20, 2016 

    Michael Neidorff
    Chairman, President and CEO
    Centene Corporation
    Centene Plaza
    7700 Forsyth Blvd.
    St. Louis, MO 63105

    Dear Michael,

    The Centene Corporation is a stunning example of high impact entrepreneurship and St. Louis’ leadership in cost-effective personalized medicine, the core strength of our region’s health sector.  Under your leadership, we have watched Centene grow to be the 2nd largest Fortune 500 company in Missouri and the largest Medicaid Managed Care Organization in the country.   

    We know that now, more than ever, business decision makers have a choice where to move jobs and capital.  Centene has demonstrated its commitment to our region again and again.  You showed your dedication when you opened a new call center in Ferguson months early in order to bring jobs to a community in need.  And you have shown it once again with plans to expand your headquarters in Clayton and bring 1,000 new high-quality, good-paying jobs to our region.

    In January 2013, with the launch of our One Plan, the St. Louis Regional Chamber committed to shifting economic development to focus on helping employers and entrepreneurs grow in our region’s strongest clusters, like the health sector, through relocating their operations to St Louis, starting new companies here, and expanding existing operations   We could search around the world for an employer to bring 1,000 jobs to our region, generate new construction jobs and help create a new live/work/play environment increasingly desired by the next generation.  It is satisfying to find that employer right here in our backyard, and your expansion is worthy of both our full attention and public investment.

    We are extremely proud of what Centene has accomplished and could not be more excited to help turn this development project into reality.  We are fully committed to the expansion and the economic development incentives needed to secure these jobs for people in our community.  We look forward to a long partnership and further growth for Centene.

    Sincerely,

    Joe Reagan
    President & CEO