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St. Louis in the New Economy

Rapid growth in information and other technologies transformed the US economy during the 1990's, and St. Louis' economy was transformed as well. St. Louis has a higher than average concentration of jobs in fields such as computer systems analysis, hardware engineering, software applications engineering, medicinals, and industrial chemicals.

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 force.

Cost of Living

The St. Louis region offers an enviable quality of life and is an affordable place to live. St. Louis boasts of the fifth lowest cost of living among the nation's twenty largest metropolitan areas.

Past, Present and Future

As we celebrate the 200th anniversary of Lewis and Clark launching their exploration of the American West from St. Louis in 2004, the region is mindful of our heritage. We build on that past to forge new frontiers for an even better tomorrow. From a French trading post in 1764, St. Louis emerged as the second largest producer of auto vehicles in the United States as well as a center for aerospace development and defense production in the 20th Century. Today, St. Louis is forging new ground in high technology industries, particularly in plant and life sciences, information technologies and advanced manufacturing.

Copyright © 2005
St. Louis Regional Chamber & Growth Association

Valuable PDFs From RCGA

RCGA Missouri Tax Incentives - PDF 114KB

RCGA Illinois Tax Incentives - PDF 149 KB

RCGA Regional Profile - PDF 379 KB

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