• The New St. Louis Minority Business Council Will Measure Success on Helping MBEs Grow and Create Jobs

    Dec 10, 2015

    Connection, collaboration and accountability were the theme of a celebration reception yesterday evening at the St. Louis Regional Chamber. Recently the Chamber and the St. Louis Minority Business Council joined forces as one team for economic inclusion in the St. Louis region. At tonight’s reception, Chamber President and CEO Joe Reagan together with St. Louis Minority Business Council President Ed Bryant unveiled more details about the new St. Louis Minority Business Council, LLC powered by the Regional Chamber.

    By joining with the Regional Chamber, the Council will be at the center of the region’s economic development ecosystem and will be able to leverage the Chambers’ resources to better help ethnic minority owned businesses (MBEs) grow and create jobs. As part of the merger agreement, the Council will retain its own board and governance, but will keep its physical, financial, and organizational home at the Regional Chamber.

    The new Council is looking forward to focusing on four strategic areas:

    • Supplier Diversity Facilitation/Sourcing Solutions – The diverse business solutions will focus on connecting major sourcing organizations with MBEs for mutual business success and opportunities. This will include supplier diversity program development support, industry-specific supplier diversity forums, and matchmaking events. The Council will continue to offer MBE certification and re-certification and are now adding full membership support from the Regional Chamber.
    • Advocacy for Minority Business Development - Working in partnership with other regional leaders and organizations, the Council will provide leadership and guidance on public policy issues that improve regional economic inclusion and help ensure that economic inclusion is a key component of the region’s growth strategy. 
    • Business Capacity Building and Acceleration - To fulfill a sustainable role in a value chain, minority business enterprises must deliver real value. The Council will help ensure these businesses have adequate access to mentoring, technical consulting, capital, and any other services/resources that will assist them to become successful.
    • Leadership Development and Executive Education – High performing and high-growth potential minority business leaders can benefit from executive education and leadership development coordinated by the Council.

    Finally, the new Council will be held accountable for achieving results. Success will be measured by how well minority owned businesses are becoming strategic partners with major sourcing organizations. Both MBEs and major sourcing organizations play an important role in creating a more economically equitable region; therefore both are essential to the success of the Council’s mission.

    The merger is an example of moving away from the “us vs. them” narrative that has dominated the St. Louis region’s story for far too long. Here at the Regional Chamber, our mission is to inspire a greater St. Louis. By joining efforts with the St. Louis Minority Business Council, the Regional Chamber hopes to inspire many more businesses and individuals to work together for a more prosperous region for everyone.

  • St. Louis Employment Outlook for First Quarter 2016

    Dec 08, 2015

    The latest Manpower Employment Outlook Survey points to continuing improvement in the St. Louis job market in the first quarter of 2016.  Nineteen percent of regional employers surveyed plan to hire new employees during the first quarter, 74 percent will maintain staff levels, and seven percent plan to decease staffing levels.  These results translate into St. Louis’ Net Employment Outlook of 12 percent growth.  This level is more optimistic than the previous quarter’s 5 percent Net Employment Outlook and an improvement from one year ago, when the region’s Net Employment Outlook was 11 percent.

    Manpower’s quarterly survey of St. Louis employers found that private industries planning to add jobs in early 2016 include construction, durable goods manufacturing, transportation and utilities, professional and business services, and leisure and hospitality.  Click here to see the Manpower St. Louis Summary.

    The U.S. Manpower Survey also indicates a stronger national job market next quarter, with 20 percent of the nation’s employers expecting to add jobs and six percent expecting to cut jobs in first quarter 2016.  The Nation’s Net Job Outlook is 14 percent, down from 15 percent for fourth quarter 2015 and slightly higher than the 13 percent Outlook for the same period last year.  Click here to see the Manpower U.S.  Summary.

    For a look at the region’s current employment activity and labor force performance refer to the latest issue of Greater St. Louis Monthly Employment Summary on our website.