• St. Louis Regional Chamber Launches New Program for Diverse- and Women-Owned Businesses

    Dec 03, 2018
    Propel-STL-LogoThe St. Louis Regional Chamber, the region’s largest business organization with a core mission of economic development, is excited to announce the launch of Propel STL, a program for diverse business owners looking to advance their enterprises. In the span of three months, the program walks business owners through how to develop their business goals, market and communicate their services, make meaningful business connections and prepare for growth. Propel STL teaches diverse business owners to build the capacity to operationally execute contracts, attract capital, find new contracts and expand existing agreements.

    Propel STL participants will learn to develop the perfect business pitch, create collateral that demonstrates value, define an effective advisory board, and to prepare and execute operationally efficiencies that allow them to scale. The curriculum features in-class workshops, homework, a mentoring connection, pitch competition, access to regional procurement professionals, and financial institutions committed to participant success.

    The Regional Chamber is dedicated to creating a business community that provides opportunities for diverse business to grow. 
    "I believe we have a responsibility as the Regional Chamber, the region’s largest business organizations, to play a role in the success of our region’s small diverse- and women-owned businesses," says Propel STL Program Manager Lakesha Mathis.

    Propel STL supports a friendly business climate which spurs economic development. Participating companies are small and mid-sized diverse- and women-owned business with two or more employees and with at least $1 million in revenue.

    The application for P
    ropel STL is open now and closes January 22, 2019. The first cohort is scheduled to begin the week of February 18, 2019.

    Apply now!
  • Boeing Contracts Demonstrate St. Louis’ Continued Strength for Aerospace Manufacturing

    Oct 19, 2018

    Greater St. Louis is a major hub for aerospace manufacturing, research, and development. Boeing Defense, Space, and Security is the largest regional manufacturer with over 13,000 area employees. In August and September 2018, Boeing won two major contracts that total $10 billion, further deepening their connection to Greater St. Louis.

    In August, Boeing won a $805 million contract to develop four unmanned drones—the MQ-25A Stingray—which will be used to refuel fighter jets and extend their combat range for the U.S. Navy. These drones can travel 500 nautical miles to deliver 14,000 pounds of fuel (1), which is a technological breakthrough in U.S. Navy history. Approximately 45 percent of development will be done here in St. Louis according to the U.S. Department of Defense, and delivery is expected by 2024.(2) There is the potential for the Stingray program to grow into a $13 billion fleet of 72 drones if the first round of four drones prove satisfactory to the U.S. Navy.

    Their next victory secured a $9.2 billion contract with the U.S. Air Force to produce the next generation of T-X training jets. The current plan calls for 351 T-X aircraft and 46 simulators, however, the award can cover up to 475 T-X jets and 120 simulators and associated ground equipment.(3)

    The first five T-X aircraft and seven simulators will arrive at Joint Base San Antonio-Randolph, Texas, in 2023. Initial operating capability is planned to launch by the end of 2024, and full operational capability by 2034.This contract is expected to generate over 1,800 jobs throughout the Greater St. Louis region.(4)

    As employers increasingly seek a skilled workforce, these contracts validate that St. Louis can compete and win in advanced manufacturing. St. Louis continues to be a world-class center for advanced design and manufacturing of fighter aircraft.

    Sources:

    (1) "Navy Enters Drone Age, Taps Boeing for MQ-25" Breaking Defense, August 30, 2018
    (2) "Boeing wins $805 million U.S. contract to build drones" St. Louis Business Journal, August 31, 2018
    (3) "US Air Force awards $9B contract to Boeing for next training jet" Defense News, September 27, 2018
    (4) "Boeing wins $9.2 billion Air Force training jet contract, will drive 1,800 local jobs" St. Louis Business Journal, September 27, 2018