presentation to the st. charles association members by st. charles edc
DESCRIPTION
St.. Charles EDC Presentation to the St. Charles County Associaiton of REALTORS on February 3, 2012TRANSCRIPT
St. Charles CountyAssociation of Realtors
February 3, 2012
LET’S TALK ABOUT THE LOCAL ECONOMY!
Established 1990
Public-Private
Partnership
30 Member Board
$2 Million Annual
Budget
8% Governmental
Support
YOUR EDC OF ST. CHARLES COUNTY
Federal Program Launched
2010
Fixed Asset Debt Re-
Structuring for Qualified
Small Businesses
6 Businesses Helped by EDC
Program Deadline Fall 2012
EDC 504 RE-FINANCING PROGRAM
OVER 1 MILLION SF OF NEW COMMERCIAL CONSTRUCTION IN
201115 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
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
ANOTHER 1 MILLION SF OR MORE PLANNED FOR 2012!
LOCAL UNEMPLOYMENT FALLING
Consistently Lowest Unemployment in Region
74% Increase in Number of Businesses Since 1990
MORE LOCAL JOBS = LESS COMMUTING
TRAILING OUR PEERS IN WAGE RATES
WANTED – HIGHLY SKILLED WORKERS!
INDUSTRIAL SPACE IN DEMAND
Region’s Lowest Industrial Vacancy Rates
Total Retail Vacancy Rate of 12.5% - Worst on Missouri Side of St. Louis Region
OVER ABUNDANCE OF RETAIL SPACE
NEW REALITY IN HOUSING GROWTH
The Days of 3,000- 4,000 Permits Per Year Are Long Gone…
MARKET CORRECTION IN VALUATION
2000 Census -
283,883
2010 Census -
360,485
76,000 New
Residents
POPULATION GROWTH CONTINUES
St. Charles County
1980 – 27.6 years
1990 – 30.7 years
2000 – 34.3 years
2010 – 37.3 years
2015 est. – 38.3
years
LIKE IT OR NOT, WE’RE AGING!
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
CRITICAL KEYS TO SUCCESS
Friday, March 9th 7:30 a.m.
Old Hickory Golf Club
Register Today!
STEM RECOGNITION BREAKFAST
EDC of St. Charles County5988 Mid Rivers Mall DriveSt. Charles, MO [email protected]
HOW CAN WE BE OF SERVICE?