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Q: What drives ST LOUIS's economy? ( Answered 5 out of 5 stars,   2 Comments )
Subject: What drives ST LOUIS's economy?
Category: Business and Money
Asked by: shikibobo-ga
List Price: $30.00
Posted: 11 May 2005 19:43 PDT
Expires: 10 Jun 2005 19:43 PDT
Question ID: 520713
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Subject: Re: What drives ST LOUIS's economy?
Answered By: googlenut-ga on 17 May 2005 20:37 PDT
Rated:5 out of 5 stars
Hello shikibobo,

The economy of St. Louis is driven largely by the service sector
(including professional and business services, education and health
services).  Manufacturing has decreased in recent years, but is still
strong, as is Retail. St Louis also has a rapidly growing
biotechnology industry.

The largest employers are Boeing and BJC HealthCare.  Reports vary on
Boeing?s employment numbers, ranging from 15,000 to 21,000.  BJC
HealthCare is reported to have approximately 21,000 employees.


East-West Gateway Council of Governments
About The Region
?When the East-West Gateway was established in 1965, the St. Louis
Metropolitan Statistical Area included only seven counties ? five in
Missouri and two in Illinois.  Agricultural production predominated in
the region?s outlying counties; with this exception, most economic
activity in the region was concentrated in the City of St. Louis and
growing suburbs near the urban core.  Manufacturing and distribution
were our principal economic strengths.

Since then, both the City of St. Louis and the Gateway Region that
surrounds it have undergone remarkable change. Slightly less than 14
percent of the region?s population lives in the City of St. Louis
today and only 25 percent of the region?s jobs are located there. The
service sector has long surpassed manufacturing for share of economic
activity. The Region?s modest overall population and employment growth
is the product of continuing losses in the core, combined with
nearly-explosive growth in some suburban areas.  The chart and the
maps that follow depicts these trends, as they continued between 1990
and 2000.?

The United States Conference Of Mayors 
Missouri?s Metro Economies
The Engines of the State?s Growth
Gross Metropolitan Product and Job Forecast September 2004
?Recent Performance

St. Louis? economy rebounded in 2004. As recently as the third quarter
of 2003, total employment was declining. Since that time, employers
have added more than 33,000 jobs through July, as job gains in the
service sectors outpaced losses elsewhere. Employment in
transportation, warehousing, and utilities declined by 4,500 jobs
year-over-year in July 2004. The manufacturing sector, which accounts
for 11.0% of total employment in the MSA, posted a decline of 1.6% in
the year ending July 2004. The best-performing sectors in July were
professional and business services, adding 14,400 jobs, 2004, and
education and health services, which added 9,900. Total personal
income in the metro has grown annually at an estimated 4% over the
past five years. This is the same growth as the state of Missouri.


Economic Structure

Access to major waterways has made St. Louis a regional trade and
distribution hub for both agricultural and nonfarm products, as well
as an attractive location for many corporate headquarters; the area is
home to 20 Fortune 1,000 companies, including Emerson, May Department
Stores, Anheuser-Busch, Monsanto, and Ralston Purina. The St. Louis
economy went through a transformation during the 1990s due to rapid
growth in information technology and other high-tech industries. The
business-services sector, which includes computer software and
services, has grown rapidly in recent years, and it is changing the
face of traditional St. Louis industry. An improving high-tech
infrastructure will create jobs in subsectors such as biotechnology
and telecommunications. Manufacturing industries still have a
prominent position within the local economy, however, providing many
high-paying engineering jobs. The area?s largest manufacturers include
Boeing, which employs close to 21,000, and DaimlerChrysler, which
employs approximately 7,000.?

(Page 27)
Job picture brightens, entices more people to look for work
St. Louis Daily Record & St. Louis Countian, April, 2005
?Not surprisingly, service-providing industries led the way in job
growth during the past year in the St. Louis metropolitan area,
according to the DED. Those industries added about 16,500 jobs during
that time, while goods-producing industries grew by some 4,300 jobs.

Manufacturing employment was up by 1,500 jobs; the DED said new
aerospace contracts mostly accounted for that increase. The natural
resource and construction industries added about 2,800 jobs in the
past year.?

St. Louis County
?St. Louis County has a diverse economic base with the largest number
of jobs in the service and retail industries. Its manufacturing
sector, while declining, still provides nearly a fifth of the
aggregate wage and salary income. The County's resident labor force
includes a disproportionate share of the region's and the state's
managerial and professional workers. The County's share of the bistate
region's economy includes 40 percent of the jobs and 52 percent of the
retail sales. Statewide St. Louis County in 2000 provided 36 percent
of the state income tax revenues due.?

St. Louis Regional Chamber & Growth Association
Facts and Figures
Business Rankings
Top 25 Employers

Company                                 St. Louis Area Employees
BJC HealthCare                          21,468
Boeing Integrated Defense Systems       15,500
Scott Air Force Base                    12,600
Washington University in St. Louis      12,324
Wal-Mart Stores                         12 250

St. Louis County Economic Council
SLCEC Regional Facts & Information
?The County's employment base became more diverse in the 1980's and
1990's as jobs shifted from manufacturing to the service sector.
Manufacturing industries (including administrative, research and
production facilities) provided nearly one fifth (19 percent) of the
County's jobs in 1991. By 2001, the share of manufacturing industry
jobs had decreased to 13 percent. Employment by service industries
increased from 28 to 32 percent of all jobs within St. Louis County
during that same time period. Retail trade, the second largest job
category with 19 percent of the jobs in 2001, grew more slowly than
overall employment.?


?Major Private Employers in St. Louis County

Company                       Persons Employed in St. Louis Region  
The Boeing Company              16,400   
Schnuck's Markets, Inc.         12,393   
SSM Health Care System          10,700   
Washington University           10,300   
St. John's Mercy Health Care    10,100?

?The St. Louis region is the heart of the BioBelt ? a world-class
center for plant and life sciences research, investment and business
opportunity. Its talented people are pursuing breakthrough innovations
in health care, agriculture and nutrition, supported by a community
that nurtures new ideas and values individuals, families and business
enterprise. Together, their work will change the world.?
Q & A
?In economic terms, how much do plant and life sciences currently
contribute to the BioBelt?

About 390 plant and life sciences enterprises call the St. Louis heart
of the BioBelt home, along with 22,000 employees, representing a total
direct and indirect annual economic impact of $10.5 billion. Among
universities, the five academic research institutions in the BioBelt -
Washington University, the University of Missouri-Columbia, the
University of Missouri-St. Louis, Saint Louis University and Southern
Illinois University at Edwardsville - have a combined total R&D
research investment of more than $360 million in the plant and life
sciences, making it the principal area of university research in the

Chicago Tribune
St. Louis waits for Bio-Belt to bloom
Critics have had a field day as money poured into bio-tech plants, but
investors say their day is on the way,1,1181633.story
?When Internet mania swept the country in the 1990s and every
metropolis wanted to be the next Silicon Valley, St. Louis thought it
picked the smartest niche of all.

For years this fading industrial center has poured a fortune into the
genetic engineering of plants, ignoring critics of the controversial
technology and enduring a long stretch with little to show for its

Now, finally, St. Louis is starting to see a payoff, putting some
welcome distance between itself and the many other cities trying to
hit it big in biotech.?

St. Louis in the New Economy
?The Progressive Policy Institute has ranked St. Louis in a variety of
new economy indices. According to their work, St. Louis is 10th among
all metros in the percent of our workers in "gazelles", (fast growing
firms), and 20th in "job churning", a measure of voluntary employee
movement between firms. St. Louis is unique in that we experienced
success in the old economy as one of the largest American cities
during the nineteenth centuries, and we are committed to success in
the new economy. Many of the cities, one hears frequently mentioned as
new economy centers, Raleigh-Durham or Austin for example do not have
the history of economic progress and innovation we do. St. Louis is
already a regional center for activity in the areas of plant and life
sciences, information technology, and advanced manufacturing. St.
Louis will be a center of the new economy partly because of what made
us a center of the old economy, a productive and adaptable work


St. Louis Regional Chamber & Growth Association
Facts and Figures
Business Environment

St. Louis County Factbook

Missouri Economic Research and Information Center
Saint Louis Metropolitan Region

Missouri Economic Research and Information Center 
Employment Outlook
Occupational Projections St. Louis MO-IL
Metropolitan Statistical Area

U.S. Department of Labor
Bureau of Labor Statistics  
Economy at a Glance
St. Louis, MO-IL


I hope this information meets your needs.  Please let me know if you
have any questions or need further information.

Thank you again for the questions.


Google Search Terms:

St. Louis economy

"st louis" "economic base"

"st louis" economy OR economic drivers OR base

"st louis" economy OR economic drivers OR base industries OR industry

"st louis" "economic drivers"

"st louis" economy service sector jobs 2004 OR 2005
shikibobo-ga rated this answer:5 out of 5 stars and gave an additional tip of: $20.00

Subject: Re: What drives ST LOUIS's economy?
From: googlenut-ga on 12 May 2005 15:34 PDT
Hello shikibobo,

Nice to hear from you again. Thank you for the two questions.  I will
have both answers for you within 7 days of the time they were posted.

Subject: Re: What drives ST LOUIS's economy?
From: googlenut-ga on 04 Jun 2005 09:53 PDT

Thank you very much for the generous tip. As always, it was good working with you.


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