St. Charles EDC economic presentation

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St. Charles EDC economic presentation

  1. 1. The Local Economy St. Charles County, MO
  2. 2. Major Development Projects • Faurecia - new $22M plant & 140 new jobs • Serco - new customer service center & 700 new jobs • Alpla - 3rd building purchased & additional expansion • Pharma Medica Research - $30.8M facility & 320 new jobs • Phoenix Metals - new 65,000 SF facility • Wright Construction Services - new 44,000 SF facility
  3. 3. Unemployment Comparison St. Charles County St. Louis County St. Louis City Missouri 6.5% 5.8% 5.7% 5.0% 8.0% Unemployment Rates December 2013 USA
  4. 4. Unemployment Trends
  5. 5. Retail Sales Set New Record in 2013
  6. 6. 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 1742 939 2002 1185 2001 1131 2000 1384 1174 2124 2529 3286 3643 3352 4199 3586 5069 St. Charles County, Missouri 2000 - 2013 Single Family Housing Permits 2013
  7. 7. Relatively Flat Assessed Valuation St. Charles County Assessed Valuation (Real Estate & Personal Property) 2000 - 2013 $3.00 $2.00 $1.00 $0.00 $6.87 $7.06 $7.16 $7.16 $6.81 $6.07 $5.16 $4.98 $4.35 $4.00 $4.13 $5.00 $3.61 in billions $6.00 $6.41 $7.27 $7.00 $7.52 $8.00
  8. 8. What’s the “OPO”?!
  9. 9. Forecasts & Initiatives • “The New Normal” • Slower Housing Starts • Demographic Shifts • STEM Emphasis • Entrepreneurship • Adv. Manufacturing • Global Trade • Tourism

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