Presentation to the St. Charles Association members by St. Charles EDC

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 63304636.441.6880gprestemon@edcscc.comwww.edcscc.com

HOW CAN WE BE OF SERVICE?