• 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

  • St. Louis’ Fortune 1,000 Headquarters

    Jul 14, 2016

    The Fortune 1,000 is an annual ranking of publicly-traded companies sorted by their revenues. Eighteen Fortune 1,000 companies are headquartered in St. Louis – nine of which are among the top 500. The regional group of Fortune 500 companies remains unchanged since the 2014 ranking, but there have been some remarkable shifts in their standing this year. Listed below are the 18 St. Louis headquarters, their Fortune ranking and their revenue.
     

    Company

    Rank

    Revenue (Billions)

    Express Scripts Holding

    22

    $101.8

    Centene

    124

    $22.8

    Emerson Electric

    128

    $22.3

    Monsanto

    189

    $15.0

    Reinsurance Group of America

    271

    $10.4

    Jones Financial

    382

    $6.7

    Graybar Electric

    423

    $6.1

    Ameren

    425

    $6.1

    Peabody Energy

    458

    $5.6

    Post Holdings

    535

    $4.7

    Olin

    761

    $2.9

    Panera Bread

    797

    $2.7

    Caleres

    824

    $2.6

    Arch Coal

    826

    $2.6

    Edgewell Personal Care

    856

    $2.4

    Stifel Financial

    872

    $2.4

    Belden

    887

    $2.3

    Spire

    980

    $2.0

     

    Centene was the biggest mover on the list, jumping 62 spots in the ranking from 186 in 2015 to 124 in 2016 partially due to their $6.3 billion acquisition of Health Net. Express Scripts retained its position at number 22 and remains the highest-ranking St. Louis headquarters on the list.

    Turmoil in the energy markets has negatively affected some regional headquarters, such as SunEdison, Arch Coal and Peabody Energy. Although SunEdison and Arch Coal no longer qualify for the Fortune list, Peabody remains in the top 500. Sigma-Aldrich is no longer on the list due to its acquisition by Merck. Energizer split into two companies: Energizer and Edgewell Personal Care. This brought a new headquarters to St. Louis, which ranks at 856; however, Energizer’s revenues ranked below the cutoff point. Spire, formerly the Laclede Group, rejoined the Fortune ranking after its acquisition of EnergySouth earlier this year.

    The Fortune 1,000 list alone does not encompass all the large headquarters in the region. Many businesses do not qualify for the list because they are privately owned, such as Enterprise Rent-A-Car and World Wide Technology, or are nonprofits like BJC HealthCare. These headquarters are major sources of economic activity in the region which bring in similar revenues compared to local companies ranked on the Fortune list.

    The Fortune 1,000 list fluctuates due to the ever-changing business landscape. Despite this, St. Louis headquarters consistently rank high and continue to grow. These standings document St. Louis’ long-term viability as a headquarters location for some of the nation’s largest and most innovative companies.