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

1. LET’S TALK ABOUT THE
LOCAL ECONOMY!
St. Charles County
Association of Realtors
February 3, 2012

2. YOUR EDC OF ST. CHARLES COUNTY
 Established 1990
 Public-Private Partnership
 30 Member Board
 $2 Million Annual Budget
 8% Governmental Support

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. OVER 1 MILLION SF OF NEW
COMMERCIAL 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. 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. LOCAL UNEMPLOYMENT FALLING
 Consistently
Lowest
Unemployment
in Region

7. MORE LOCAL JOBS = LESS COMMUTING
 74% Increase
in Number of
Businesses
Since 1990

8. TRAILING OUR PEERS IN WAGE RATES

9. WANTED – HIGHLY SKILLED WORKERS!

10. INDUSTRIAL SPACE IN DEMAND
 Region’s
Lowest
Industrial
Vacancy
Rates

11. OVER ABUNDANCE OF RETAIL SPACE
 Total Retail
Vacancy Rate
of 12.5% -
Worst on
Missouri Side
of St. Louis
Region

12. NEW REALIT Y IN HOUSING GROWTH
 The Days of
3,000- 4,000
Permits Per
Year Are Long
Gone…

13. MARKET CORRECTION IN VALUATION

14. POPULATION GROWTH CONTINUES
2000 Census - 283,883
2010 Census - 360,485
76,000 New Residents

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. 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. STEM RECOGNITION BREAKFAST
Friday, March 9 th
7:30 a.m.
Old Hickory Golf
Club
Register Today!

18. HOW CAN WE BE OF SERVICE?
EDC of St. Charles County
5988 Mid Rivers Mall Drive
St. Charles, MO 63304
636.441.6880
gprestemon@edcscc.com
www.edcscc.com