Presentation to the St. Charles Association members by St. Charles EDC

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St.. Charles EDC Presentation to the St. Charles County Associaiton of REALTORS on February 3, 2012

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Presentation to the St. Charles Association members by St. Charles EDC

  1. 1. LET’S TALK ABOUT THE LOCAL ECONOMY! St. Charles County Association of Realtors February 3, 2012
  2. 2. YOUR EDC OF ST. CHARLES COUNTY  Established 1990  Public-Private Partnership  30 Member Board  $2 Million Annual Budget  8% Governmental Support
  3. 3. EDC 504 RE-FINANCING PROGRAM  Federal Program Launched 2010  Fixed Asset Debt Re-Structuring for Qualified Small Businesses  6 Businesses Helped by EDC  Program Deadline Fall 2012
  4. 4. OVER 1 MILLION SF OF NEWCOMMERCIAL CONSTRUCTION IN 2011 15 Largest Commercial Construction Projects in St. Charles County 2011 Project Size Location Status Francis Howell High School – Addition 257,000 SF Weldon Spring Opened Spring 2011 Evans Commons at Lindenwood University 119,000 SF St. Charles Opened Fall2011 Streets of St. Charles, phase I 100,000 SF St. Charles Under Construction Aldi Warehouse 73,123 SF O’Fallon Opened Summer 2011 Alpla – Warehouse Addition 73,000 SF St. Peters Under Construction CenterPointe Hospital 64,000 SF Weldon Spring Under Construction Spencer Road Library 54,701 SF St. Peters Under Construction Dayton Freight 48,000 SF St. Peters Opened Spring 2011 Seyer Industries 35,000 SF St. Peters Under Construction Windsor Crossing Church 28,770 SF O’Fallon Opened Fall 2011 TJ Maxx 24,000 SF Lake Saint Louis Opened Fall 2011 Fort Zumwalt North – Addition 22,400 SF O’Fallon Opened Fall 2011 Centene Data Center 19,100 SF O’Fallon Opened Summer 2011 Fort Zumwalt West High School – Addition 18,575 SF O’Fallon Opened Fall 2011 Wentzville Schools Transportation Center 18,000 SF Wentzville Opened Summer 2011 TOTAL SQUARE FEET 954,669 SF
  5. 5. ANOTHER 1 MILLION SF OR MORE PLANNED FOR 2012!  GM - 500,000 SF  Sam’s Club – 136,000 SF  Third Wentzville High School - $36+ Million  Streets of St. Charles – 100,000 SF Phase I  Lindenwood Villages – $30 Million
  6. 6. LOCAL UNEMPLOYMENT FALLING  Consistently Lowest Unemployment in Region
  7. 7. MORE LOCAL JOBS = LESS COMMUTING  74% Increase in Number of Businesses Since 1990
  8. 8. TRAILING OUR PEERS IN WAGE RATES
  9. 9. WANTED – HIGHLY SKILLED WORKERS!
  10. 10. INDUSTRIAL SPACE IN DEMAND  Region’s Lowest Industrial Vacancy Rates
  11. 11. OVER ABUNDANCE OF RETAIL SPACE  Total Retail Vacancy Rate of 12.5% - Worst on Missouri Side of St. Louis Region
  12. 12. NEW REALIT Y IN HOUSING GROWTH  The Days of 3,000- 4,000 Permits Per Year Are Long Gone…
  13. 13. MARKET CORRECTION IN VALUATION
  14. 14. POPULATION GROWTH CONTINUES 2000 Census - 283,883 2010 Census - 360,485 76,000 New Residents
  15. 15. LIKE IT OR NOT, WE’RE AGING! St. Charles County  1980 – 27.6 years  1990 – 30.7 years  2000 – 34.3 years  2010 – 37.3 years  2015 est. – 38.3 years
  16. 16. CRITICAL KEYS TO SUCCESS  Reinventing Ourselves  Growth Not Housing-Led Anymore  Manufacturing  Making a Come-Back  Info Technology / Finance  The High-Tech Corridor Lives  Workforce Needs  STEM Plus Worker Re-Training  Collaboration  Like Wentzville & Ranken
  17. 17. STEM RECOGNITION BREAKFAST Friday, March 9 th 7:30 a.m. Old Hickory Golf Club Register Today!
  18. 18. HOW CAN WE BE OF SERVICE?EDC of St. Charles County5988 Mid Rivers Mall DriveSt. Charles, MO 63304636.441.6880gprestemon@edcscc.comwww.edcscc.com

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