• What St. Louis Needs to See More Of

    May 15, 2017
    Two Boeing T-X Jets over STL

    Boeing Company announced today that if it wins a national competition to produce the T-X Air Force training jet, their employees would assemble the aircraft here in St. Louis. This decision to build the aircraft in St. Louis further supports the St. Louis region’s leadership in modern aviation innovation and aerospace manufacturing.

    This is a huge deal for St. Louis. The contract would keep the St. Louis Boeing assembly line open and support 1,800 jobs. The initial contract includes 350 airplanes, with a potential for additional units as more of the U.S. military’s planes age into retirement. The U.S. Air Force is expected to award the estimated $16 billion contract late 2017. The St. Louis workforce will be prepared; Boeing has partnered with St. Louis Community College for an assembly mechanic training program for other aircraft that has already led to over 400 jobs in St. Louis.

    Boeing, the St. Louis Regional Chamber, Missouri Governor Eric Greitens, Missouri Senators Claire McCaskill and Roy Blunt, Congressmen William “Lacy” Clay and Ann Wagner, and many other economic development and community leaders from both Illinois and Missouri gathered to celebrate Boeing’s decision to base its T-X operations here in our region. In this day and age, it is rare to see everyone come together for a common purpose, even for something as important as jobs and economic growth.  This was truly a regional effort to help secure St. Louis’ future in aerospace manufacturing and help us become a more prosperous future.

    We need to see more of these innovative, high-tech, St. Louis-designed and built aircraft flying over our skies.  Let’s get it done.

  • Regional Growth and Prosperity Focus of Economic Development Network Meeting

    Feb 09, 2017

    The Greater St. Louis Economic Development Network held its first meeting of the year on February 3. The Network is an exclusive gathering of economic development professionals from across the region. Each meeting centers on exploring the metro’s economic drivers, best practices, and the latest data in the field through timely presentations.

    Charles Gascon, regional economist with the St. Louis Federal Reserve Bank, presented his research on how the St. Louis region compares to other metros in growth and prosperity. He highlighted the importance of metro areas because their economic activity often supports the rest of their respective states. Legacy cities like St. Louis features high home ownership rates, relatively high real wages, and lower costs of living.

    Past Economic Development Network meetings featured speakers discussing economy forecasts, issues impacting the region, as well as the importance of St. Louis’ industry clusters.

    It was also announced that registration is open for UMSL’s Fundamentals of Economic Development course. This course covers introductory economic and community development concepts and tools to attract, assess, and support development and redevelopment opportunities in the region.

    If interested in the Economic Development Network, contact Judy Schrum at 314-444-1190 or jschrum@stlregionalchamber.com.