St. Louis Solidifies Position as a Major National Business and Innovation Hub

The St. Louis region, home to nearly 2.8 million residents, continues to stand out as a major innovation hub in the United States. Known for its leadership in critical industries like aerospace, agtech, and advanced manufacturing, the region offers a robust, pro-business climate that has helped attract and retain thousands of companies, including 17 Fortune 1000 businesses.

Beyond manufacturing, St. Louis has established itself as a significant player in the financial services sector, boasting the second-highest concentration of financial securities brokerage firms among the top 25 U.S. metro areas. The region is home to industry leaders such as Edward Jones, MasterCard, RGA, and Wells Fargo Advisors, all of which contribute to a deep pool of talent and expertise in financial management and technology.

Economic development in the region is spearheaded by several organizations, including the St. Louis Economic Development Partnership and the St. Louis Development Corporation. These entities serve as the engines of growth, providing a broad range of resources, incentives, and customized services to help businesses move to or expand within the region. They work collaboratively with public and private partners to advance regional projects and enhance the overall quality of life for residents.

The Missouri Department of Economic Development also plays a key role, actively working to make the state a better place to live, visit, and do business. With a focus on long-term diversification and job creation, these regional and state organizations continue to focus on building an economy where all people can thrive. As the region continues to grow, it relies on its diverse industrial roots and innovative spirit to stay competitive on a national and global stage.