St. Louis, MO: A Glimpse into its Economy

St. Louis in Missouri is located in junction of the Missouri and the Mississippi rivers, making it an ideal port for goods coming in and going out of the country. Examples of goods and commodities shipped through the city’s ports include grain, coal, salt, chemicals and petroleum products. The city also has the third largest railroad hub that moves goods such as fertilizers, gravel, crushed stone, fats, oils, nonmetallic mineral products, grain, alcohol, tobacco products, and motorized vehicles & parts.

It mostly known as a biotech and business center, although a diverse range of sectors also contribute to its economic status, such as: manufacturing, healthcare, social service, professional and technical services, and retail trade.

Employment & Income

As of recent, the city has an unemployment rate of 5.3%, slightly lower from that recorded in 2014. This is due to the increase of jobs that were made available sometime in May of that same year. One of the most notable is the expansion of IKEA in the area, building a complex on a 21-acre lot. This produced 300 jobs for people in St. Louis. There is a projected 1.7% increase in job growth and availability annually in the coming years. The median household income is at $55,598 and it is projected to grow at about 1.1% annually.

Companies

Because of its location, several companies have chosen to establish a branch in St. Louis, thus, also contributing to its economy. Some of the most renowned Fortune 500 companies that have made this city their home are:

  • Express Scripts
  • Emerson Electric
  • Monsanto
  • Reinsurance Group of America
  • Centene
  • Peabody Energy
  • Ameren
  • Graybar Electric
  • Edward Jones Investments
  • Anheuser-Busch
  • Arch Coal
  • Hardee’s
  • HOK
  • Nestlé Purina PetCare

Ranking

St. Louis was ranked at the number 84 spot by Forbes for being one of the best places for building business and pursuing a career. They ranked #60 for education, having almost 40 universities, colleges, and technical schools, such as Washington University and University of Missouri in St. Louis.

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Decorative Concrete Resurfacing

April 8, 2020

Dear Valued Decorative Concrete Resurfacing Customer,

We realize you may have questions regarding your upcoming project with Decorative Concrete Resurfacing. While many of the US businesses are temporarily suspending or closing down, due to our business model we are fortunate to continue our work , while strictly adhering to the CDC guidelines. Our staff and crew s are able to abide by the social distancing and disinfecting policies , as we do our part to keep the economy moving. We realize not every business is fortunate enough to have the same privileges, we’re thankful for the ability to keep our team employed during this turbulent time. Customers like you play a vital role in the health of the economy and it’s ultimate return back to normal once w e get through this turbulent time.

If you have any questions regarding your project, please give our customer service center a call. Technology has gratefully given us the ability to work remote and service our customers at full capacity.

As always, w e will continue to keep the health of our customers and employees at the forefront of our decisions and we will continue to keep you informed if anything changes.

 

Sincerely,
Decorative Concrete Resurfacing Team