sc4mayor
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PostMay 20, 2019#876

Trololzilla wrote: Not sure it's been discussed on this forum, but it seems there's been a fair amount of rumbling over GlaxoSmithKline's STL presence relocating to Omaha in the near future.
I haven't heard that, but I'm pretty sure GSK's only real operation here is the TUMS factory across from Busch Stadium.  Unless they have something else here.  I can't find anything recent but a BJ article in 2004 said the plant employed around 200 folks, it's probably still pretty close to that if I had to guess.  I really can't see them picking up the entire manufacturing operation and moving it to Omaha.  Where did you hear this, if you don't mind me asking?

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PostMay 21, 2019#877

STL has nine companies on the Fortune 500 this year, down one from last year. All in all, though, despite all the cries of gloom and doom, we've held steady over the last few decades:

 https://www.stltoday.com/business/colum ... f0f66.html

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PostMay 21, 2019#878

The Mayor wrote:
Trololzilla wrote: Not sure it's been discussed on this forum, but it seems there's been a fair amount of rumbling over GlaxoSmithKline's STL presence relocating to Omaha in the near future.
I haven't heard that, but I'm pretty sure GSK's only real operation here is the TUMS factory across from Busch Stadium.  Unless they have something else here.  I can't find anything recent but a BJ article in 2004 said the plant employed around 200 folks, it's probably still pretty close to that if I had to guess.  I really can't see them picking up the entire manufacturing operation and moving it to Omaha.  Where did you hear this, if you don't mind me asking?
Coworker of mine worked there for many years, and heard the discussions about it back when he worked there, as well as from former coworkers he's kept in touch with who still work there (or did until fairly recently). Apparently, GSK is wanting to consolidate some stuff in Omaha (and has been wanting to for some time) - to that end, they've basically started forcing out a lot of the older employees here and a lot of the operation now consists of temp workers, which doesn't bode well if true. He mentioned a few other things as well but I can't remember them. Technically this is all hearsay, so naturally, take it with a grain of salt.

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PostMay 21, 2019#879

For what it’s worth, they currently have 2 positions available in St. Louis. Both posted Jan/Feb.

No posted positions in Omaha.

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PostMay 21, 2019#880

GSK and Pfizer are creating a joint venture which will be tentatively called GSK Consumer Healthcare (consumer/OTC products). It was announced last year. It would be a $12-to-$13 billion entity.

It would be nice if the joint venture landed in St. Louis and at the 909 Chestnut Building (AT&T Tower).

I hope the local economic development leaders are aware. With all of the dysfunction at the county level nowadays, I wonder.

St. Louis has research and manufacturing operations for both firms. Pfizer's new operations in Chesterfield. TumsGSK downtown.

By the way, isn't it time for St. Louis (city and county) to hire a private economic development firm? The city and county politicians seem not to be able to handle things consistently and responsibly. Too many shenanigans with these people.

sc4mayor
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PostMay 21, 2019#881

arch city wrote: GSK and Pfizer are creating a joint venture which will be tentatively called GSK Consumer Healthcare. It was announced last year. It would be a $12-to-$13 billion entity.

It would be nice if the joint venture landed in St. Louis and at the 909 Chestnut Building.

St. Louis has research and manufacturing operations for both firms. Pfizer's new operations in Chesterfield. TumsGSK downtown.
I was going to mention this too.  I can't really see them leaving with the Pfizer deal (and their newly opened research center in West County) and I really can't see moving the entire TUMS operation either.  They talked about moving less than 10 years ago and ended up making close to $5 million in improvements at the plant.  They invested close to another $3 million in 2004 when a couple product lines were moved here from Cincinnati.

I feel like STL would fight like hell to keep that brand...TUMS were invented in a Webster Groves basement.

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PostJun 03, 2019#882

Pheeeewwwwww


Humana says it will not seek to acquire Centene

https://www.bizjournals.com/stlouis/new ... dW5RIn0%3D

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PostJun 04, 2019#883

Yep. All I've been hearing lately is "activist investors" trying to get Centene to sell themselves. Drives me crazy.  

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PostJun 13, 2019#884

KC got picked for the USDA jobs. 

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PostJun 13, 2019#885

[quote="jshank83"]
KC got picked for the USDA jobs. 
[/quote]

In a related note, current USDA employees are NOT happy about the move from DC to KC. They are throwing fits.

Recommend checking out @BryanLowry3 timeline.  KC reporter.

sc4mayor
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PostJun 13, 2019#886

^^ That decision has been getting skewered by anyone not in western Missouri or Kansas.  According to reporting in the Kansas City Star employees are fleeing the two divisions that are moving because they either can't or won't move to Missouri.

Good for KC, I guess.

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PostJun 17, 2019#887

jshank83 wrote: KC got picked for the USDA jobs. 
STL Biz Journal: Why the USDA's choice of KC over St. Louis might have come down to real estate (note: paywall)

TL/DR: BioSTL's Donn Rubin said St. Louis' bid didn't have the same type of low-cost sites offered by the three other regions on the agency's short list.

We went all-in on the old HBE HQ in Creve Coeur. Unfortunately, they didn't like it. I used to work in that building, and I can't blame them one bit. 

PostJun 17, 2019#888

Ron Kruszewski's at it again! Good times... 

STL Biz Journal: Stifel to expand again with Canadian capital markets acquisition 

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PostJun 17, 2019#889

gone corporate wrote:
jshank83 wrote: KC got picked for the USDA jobs. 
STL Biz Journal: Why the USDA's choice of KC over St. Louis might have come down to real estate (note: paywall)

TL/DR: BioSTL's Donn Rubin said St. Louis' bid didn't have the same type of low-cost sites offered by the three other regions on the agency's short list.

We went all-in on the old HBE HQ in Creve Coeur. Unfortunately, they didn't like it. I used to work in that building, and I can't blame them one bit. 
I wonder why that was the building chosen for here.

sc4mayor
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PostJun 17, 2019#890

jshank83 wrote:
gone corporate wrote:
jshank83 wrote: KC got picked for the USDA jobs. 
STL Biz Journal: Why the USDA's choice of KC over St. Louis might have come down to real estate (note: paywall)

TL/DR: BioSTL's Donn Rubin said St. Louis' bid didn't have the same type of low-cost sites offered by the three other regions on the agency's short list.

We went all-in on the old HBE HQ in Creve Coeur. Unfortunately, they didn't like it. I used to work in that building, and I can't blame them one bit. 
I wonder why that was the building chosen for here.
I thought I read a long time ago that it was because of it's proximity to 39 North and the Bayer Campus.  Even if STL had the cheap stuff like KC it would be tough to compete with their proximity to the land grant universities and their stature as a pretty damn big federal gov town.  St. Louis may employ an additional 1,300 USDA folks but KC still has more.  It would have been nice to have but I wouldn't really consider this a big loss.  560 administrative jobs aren't going to move the needle very much.  Especially if STL can keep up it's most recent numbers from the BLS.  I haven't seen the statistics for May yet, but year over year job growth in St. Louis for April was 1.5% with 21,000 jobs added.  The national rate was 1.8%.  If we can keep that up, I think we'll be alright.

Great news about Stifel though.  Love seeing STL companies making acquisitions instead of being acquired.

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PostJun 17, 2019#891

^ Along the lines of Mayor, I would think the big gains will be in regions continued strength in Plant and Life Science, and Ag Tech.    I would also think that the Feds doubling down with new NGIA campus might spur a lot more private jobs then USDA moving admin jobs out of DC. 

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PostJun 25, 2019#892


sc4mayor
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PostJun 25, 2019#893

^ Good to hear.

In other news, both Centene and WellCare shareholders approved their merger:
https://www.bizjournals.com/stlouis/new ... erger.html

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PostJun 26, 2019#894

Maybe they will buy naming rights and / or sponsorship for the new MLS stadium and team as well.  Think of all the promotional tie-ins. I'm picturing each St. Louis team player with a custom jersey with a little backpack to carry their own personalized bear...  :)

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PostJun 26, 2019#895

Dunno how I'd feel about 'Build-A-Bear Stadium/Field'.

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PostJun 26, 2019#896

I don't think we're going to see that. You have potential Enterprise and World Wide Technology owners. 

I think you'll see one of them step up, and I would be shocked if it isn't Enterprise. 

I could even see something like, 'Enterprise Pitch/Field at World Wide Technology Stadium.'

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PostJun 26, 2019#897

KansasCitian wrote: I don't think we're going to see that. You have potential Enterprise and World Wide Technology owners. 

I think you'll see one of them step up, and I would be shocked if it isn't Enterprise. 

I could even see something like, 'Enterprise Pitch/Field at World Wide Technology Stadium.'
Actually, I think MLS is seeking that the naming rights - for the stadium and the jerseys - not involve either company. They don't want the franchise itself to be overly reliant upon Enterprise Holdings and WWT, that they don't want their interests concentrated solely into the actions of the Taylor Family and Jim Kavanaugh. Plus, the Enterprise Center already exists down Clark Street. 

Instead, I anticipate companies with global brand strength are competing for naming rights, particularly the jersey. International jersey sales could be a solid revenue generator, so global brands matter. Among the best contenders for the jersey I would think are Emerson and Bayer. And on an absolute basis, I can see the stadium being named after an Anheuser-Busch brand on the rise, like Shock Top or Stella. Let's also not forget that Edward Jones may want to have a new stadium named after itself; financial services firms are historically great supporters of stadium branding rights. 

Also, it's important to consider that Enterprise Holdings is in and of itself one of the largest car purchasers in the world. They buy whole inventories from Detroit, Japan, South Korea, and Germany every year. Pretty much any car manufacturer; that doesn't have a stadium already named after it; and whose product is currently purchased by Enterprise, is in the running for the STL MLS stadium. 


Editing here to recognize we've swayed off-topic, and that I really don't think Build-A-Bear will be the stadium sponsor, other than to say "The STL Teddy Bears" would be an awful team branding. 

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PostJun 26, 2019#898

Interesting. I didn't realize that that was the case. Someone is going to step up for the naming rights.

I just hope the MLS project happens. I know that stadiums are largely seen as panaceas for downtowns, with little to no affect whatsoever, but I really do think this project - in conjunction with the road changes, NGA construction, momentum in Cortex & Grove & CWE & Midtown, Union Station redevelopment, etc. - will be a great thing for downtown and downtown west. 

It wouldn't surprise me at all to see a dense neighborhood surrounding the stadium. 

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PostJun 26, 2019#899

To change topics,  Anyone think Bob Clark had anything interesting to add in the Biz Journals interview?  Also, curious to know what St. Charles county out going economic development director thinks is the regions two biggest challenges...hopefully he simply doesn't just state that it is St. Louis county and city.  

Not sure their is much to Bob Clark's interview except some fluff but he has referenced some $2 billion in opportunity zone projects for which I'm sure they are spread through out the country but it would interesting none the less to hear what opportunities for the region he thinks is out there, or is working on.   Pretty sure it wouldn't happen but have Clayco's St. Louis presence/staff downtown seems like a good fit 

https://www.bizjournals.com/stlouis/new ... -have.html

Clayco's CEO discussed why he combined architecture firms and what lies ahead for the $3 billion company.

https://www.bizjournals.com/stlouis/new ... s_headline

The outgoing CEO of the St. Charles County Economic Development Center reveals the region's two biggest challenges.

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PostJun 26, 2019#900

He didnt mention city/county merger.  I thought it was a great interview and had alot of unexpected and really thoughtful answers.  

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