Several large-scale corporate expansions in the St. Louis region are adding thousands of jobs to local payrolls, headlined by one of the world’s biggest aircraft manufacturers.
Boeing is expanding operations at its existing plant in St. Louis to manufacture components of the new 777X commercial airliner. The project will eventually bring 700 jobs to the area, and production began at the site in the fall of 2016.
The St. Louis region covers 16 counties, eight each in Missouri and Illinois. Two locally-headquartered Fortune 500 companies are in the midst of significant growth spurts in the St. Louis region. Express Scripts, a pharmacy benefit management company, expects to create 1,500 new jobs by 2018, and agricultural and biotechnology giant Monsanto is making progress on a $400 million expansion of its operations at the Chesterfield Research Center in St. Louis County.
Cutbacks in the automotive industry left their mark on the St. Louis region in recent years, particularly in 2009 with the closure of a Chrysler manufacturing plant and subsequent losses of auto suppliers and distributors that supported its operations.
But now the Chrysler property will see new life. A private developer controls the 295-acre parcel and hopes to bring a variety of manufacturing, office and distribution uses to the site. Representatives of the property’s new owner, KP Development, estimate that the $222 million project could generate 1,500 jobs. Work at the site began in October 2016.
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Joe Coombs is Senior Analyst, Workforce Trends and Forecasting for the Society for Human Resource Management (SHRM). Joe tracks current trends and issues in the labor market including the economy's impact on hiring and recruiting, wages and compensation, retirement benefits and the aging of the work force. In addition to The Jobs Blog, he also writes monthly and bi-annual reports on the labor market using data culled by the research department. Contact him at Joseph.Coombs@shrm.org or on LinkedIn.
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