They’ll be bringing about 200 new jobs according to the Page administrationsc4mayor wrote: Hot damn, this is a biggie. Exciting news.
There are currently 525 employees in Chesterfield. From the BJ:
https://www.bizjournals.com/stlouis/new ... NkzsNsMcpYBunge's four-story, 145,000-square-foot Chesterfield location, which was completed in November 2017, has a capacity for about 750 workers but its footprint enables expansion, Bunge officials said. It is served by about 800 parking spaces, 650 of which are in a garage.
Edit: According to this article in the Financial Times there are about 150 Bunge employees in New York.
https://www.ft.com/content/ec0c8640-be0 ... e555e96722
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I don't think anyone thinks that, including BASF.addxb2 wrote: Anyone think BASF will follow soon?
This Bunge move is great news though. Some rather prestigious roles will be moving to St. Louis from White Plains.
2018 revenue of $45.7 billion, making Bunge the second largest local corporation after Centene with $60 billion.
A very big fish indeed.
A very big fish indeed.
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Bunge has been in St.Louis since 1990 (Maryland heights) before it moved its North America HQ to the new building in Chesterfield at I-64/Timberlake in 2017, this move is the GLOBAL HQElek.borrelli wrote: There was talk about a move to Chesterfield in 2016. I just assumed that those were finalized just now.
I'm disappointed that the PD buried this news in a small article on page 9. This is the kind of thing that everyone should be bragging about. St. Louisans sometimes need help feeling good about our region, and this is very good news indeed. Where are all the civic boosters?
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Good news doesn't sell papers - unless it's the Blues winning the Cup.
For what it's worth, I've seen stuff about it on FOX2, KMOX, KSDK, KMOV, in St. Louis Magazine, and the Business Journal.framer wrote: I'm disappointed that the PD buried this news in a small article on page 9. This is the kind of thing that everyone should be bragging about. St. Louisans sometimes need help feeling good about our region, and this is very good news indeed. Where are all the civic boosters?
Having said that I was a little perplexed at the almost no mention on stltoday.com. Between Square, Bayer, Bunge, and Benson Hill (among many others), it's been a pretty good run the last few months. Why can't "Joe's St. Louis" write about stuff like this instead of churning out WalletHub copy?
Sad thing, I wasn't surprised at all.
In an alternate world, I'm a billionaire. I buy the Post-Dispatch. I clean house.
In an alternate world, I'm a billionaire. I buy the Post-Dispatch. I clean house.
I think the better analogy is that you would go out and buy some furniture for your new home purchase. In defense of the local reporters at Post Dispatch, their has been so many house cleanings by the current corporate owner that their is nothing left in the house to clean, or essentially to do local reporting justice. Instead, the owner fills multiple newspapers with same fluff stories that are not locally relevant to any of the newsprints they own but it is cheap way to fill newsprint.shadrach wrote: Sad thing, I wasn't surprised at all.
In an alternate world, I'm a billionaire. I buy the Post-Dispatch. I clean house.
^ McKelvey bought the Post-Dispatch building and he owns the building the Post-Dispatch is moving to. Lee Enterprises owns the Post-Dispatch itself.
Would be nice to see a deep pocketed local business owner take ownership of the PD similar to what Bezos did for the Washington Post though.
Would be nice to see a deep pocketed local business owner take ownership of the PD similar to what Bezos did for the Washington Post though.
Clean house in respect to their editorial policy. The P-D buries, ignores good or positive news. Like Bunge. No story about the Olympic Rings unveiling/installation at Wash U, no story on the XFL showcase, misleading headlines alluding to MLS4THELOU stalling, not getting corporate support. No coverage last year of local Karlie Kloss launching her clothing line even though it was in Vogue and the Guardian, no coverage of the hi-tech textile/knitting factory opening in Grand Center with the aim of making STL the clothing manufacturing hub of North America. But then will feature someone who makes purses or redid their Webster Groves home in MCM. That and all the crime. Crime stories will stay as the lead story online for two to three days if not more. Got make sure everyone seed it. And that pessimistic, grumpy Eyore known as Bill McLellan needs to go. Okay, sorry to go OT.
^maybe they are simply catering to a specific demographic in the county that still subscribes to the newspaper?
I really don't mean to be a kill-joy, but we've got to remember that Bunge has been the subject of much takeover talk in the last couple of years. It's scrambling to survive in a cut-throat business:
https://www.stltoday.com/business/local ... df622.html
https://www.stltoday.com/business/local ... df622.html
^ This is true. Though that doesn't preclude any potential acquisition in the future. Having said that, with the St. Louis regions already strong (and getting stronger by the day) Ag sector I would imagine that any company that would hypothetically choose to acquire Bunge would keep a large presence in the area, if not more.
What I would love to see, and this is a total pipe dream, is ADM to open a facility in St. Louis. Maybe a small research outpost to work with some of the burgeoning agtech startups. ADM would never move a sizable operation from Chicago (or really Decatur) to St. Louis, but a small workforce to potentially help develop the next big thing in agtech could be kind of cool. Plus, St. Louis is an hour closer to Decatur than Chicago. It won't happen, but it's fun to think about.
What I would love to see, and this is a total pipe dream, is ADM to open a facility in St. Louis. Maybe a small research outpost to work with some of the burgeoning agtech startups. ADM would never move a sizable operation from Chicago (or really Decatur) to St. Louis, but a small workforce to potentially help develop the next big thing in agtech could be kind of cool. Plus, St. Louis is an hour closer to Decatur than Chicago. It won't happen, but it's fun to think about.
^ It is. About 100 employees in Chicago. That's why I mentioned Decatur where most of ADM's corporate operation resides.
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Curious how that is. Companies are so cost conscious these days except when it comes to where the executives prefer to reside.
Back when they announced they were moving the c suite to Chicago there was some talk of being closer to O'Hare and it's international flights. I could see a massive global company like ADM wanting to have their HQ, no matter how small, in a global city too.newstl2020 wrote: Curious how that is. Companies are so cost conscious these days except when it comes to where the executives prefer to reside.
Plus, and no offense to central Illinois, but Chicago looks better on the letterhead than Decatur does.
More good news for a St. Louis startup.
Tech firm Jane.ai has rebranded as Capacity and will move into an expanded space in the Delmar Loop in October. Moving in from Ladue. In June of 2018 the company had 35 employees, today it has close to 70 and is rapidly expanding.
https://www.stltoday.com/business/local ... 692a2.html
Tech firm Jane.ai has rebranded as Capacity and will move into an expanded space in the Delmar Loop in October. Moving in from Ladue. In June of 2018 the company had 35 employees, today it has close to 70 and is rapidly expanding.
https://www.stltoday.com/business/local ... 692a2.html
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This is very much the case for why ADM chose Chicago instead of STL, which apparently did lobby for their relocated HQ. Large multinational companies need airports that provide direct flight options for their employees, and - with all due respect to Southwest - preferably not on discount carriers. For the C Suite, international flight options are very important.sc4mayor wrote: Back when they announced they were moving the c suite to Chicago there was some talk of being closer to O'Hare and it's international flights. I could see a massive global company like ADM wanting to have their HQ, no matter how small, in a global city too.
There is a direct correlation between the loss of Lambert's hub status and the loss of major corporate headquarters in the region. I truly believe that the best way to further STL's economic growth is through the improvement of St. Louis Lambert International. If Rhonda & her capable team can ever secure direct flights back to Europe - like a 787 from British Airways to Heathrow, or a Lufthansa to Stuttgart - the region's entire economic growth outlook would spike.
I think Lambert’s doing an amazing job right now.
But in terms of impact on the business community, I’d think that becoming and focus city for Delta or American would go a lot further than having a few flights a week to London, Paris or Frankfurt (Stuttgart isn’t really a possibility).
I think it would have a lot more utility and value for most firms to having multiple daily flights on large planes (with the associated first class accommodations) operated by an actual airline (as opposed to some Delta Connect or American Eagle operating partner) to the all of an airlines major domestic destinations. As referenced above, the way Southwest is structured/operated doesn’t hold the same appeal or influence on corporate travelers.
Something like the status Cincy (14 domestic destinations) or Raleigh (10 domestic destinations) have with Delta as a “Focus Cities” would add a level of service for corporate travelers that Lambert doesn’t quite offer right now and that I think would be much more meaningful than a handful of weekly flights to Europe.
But in terms of impact on the business community, I’d think that becoming and focus city for Delta or American would go a lot further than having a few flights a week to London, Paris or Frankfurt (Stuttgart isn’t really a possibility).
I think it would have a lot more utility and value for most firms to having multiple daily flights on large planes (with the associated first class accommodations) operated by an actual airline (as opposed to some Delta Connect or American Eagle operating partner) to the all of an airlines major domestic destinations. As referenced above, the way Southwest is structured/operated doesn’t hold the same appeal or influence on corporate travelers.
Something like the status Cincy (14 domestic destinations) or Raleigh (10 domestic destinations) have with Delta as a “Focus Cities” would add a level of service for corporate travelers that Lambert doesn’t quite offer right now and that I think would be much more meaningful than a handful of weekly flights to Europe.
^ Well said and I would agree. I also agree with Gone Corporate regarding international service for a global business like ADM, but for much of the companies based in St. Louis I think better domestic accommodations would go a long way.
I agree. It’s also key in recruiting... “If I’m going to relocate to Missouri, I want to get away and travel as much as my vacation days will allow.”