• 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.
  • St. Louis Researchers Are Major Recipients of NIH Grants

    Jun 05, 2017

    The National Institutes of Health (NIH) is the major source of government funding for health and biosciences research.   Greater St. Louis received a total of $439 million in awards in 2016.  Most of the funding awarded was received by area universities.  Washington University in St. Louis is one of the largest recipients of NIH funding with $407 million, followed by Saint Louis University with $21 million. 

    Many private research organizations also saw funding growth including William D. Shannon Consulting, LLC, Intact Genomics, Inc., and ISTO Technologies.  ISTO Technologies’ award jumped by nearly 55 percent over the past year.  

    Summary of National Institutes of Health Funding to Organizations in the St. Louis, MO-IL MSA

    Organization

    2015

    2016

    Non-Profits, Non-University Total

    $300,000

    $330,000

    Private Companies Total

    $8,169,631

    $7,939,697

    University Recipients Total

    $399,438,950

    $431,527,207

    Total

    $407,938,581

    $439,796,904

    Source: “NIH Awards by Location & Organization” National Institutes of Health, 2016.

    Funding has remained relatively stable throughout the past decade, with a $31 million increase in awards from 2015 to 2016.  An upturn in the amounts received by universities was key to this growth.  While annual awards can vary depending on policy changes and funds available, the health and biosciences industry in St. Louis has sustained its position as a major U.S. research center.  The magnitude of these awards highlights St. Louis’s success in the investment and cultivation of some of the region’s most promising industries.  The St. Louis Regional Chamber’s economic development team shares in the commitment to growing the health and biosciences industries.  In doing so, we are working to build on our economic strengths by focusing on the economic clusters where we already have experienced success and have the potential for global growth.