urbanSTL

goat314 wrote:^ Exactly support small businesses, give incentives to locally owned business to expand, thats how you build your city and thats how you create a sense of community. If St. Louis made more logical moves like repealing earnings taxes, investing and public transit and infrastructure, merging the city/county making the region run more efficiently. etc. We would be in a completely different economic situation, hopefully all the young progressives don't continues to get spooked out and leave St. Louis....while bad mouthing it along the way and instead stay to rebuild their hometown.

so you guys are saying st. louis, by pursuing the fortune 500 companies, are hurting the smaller local businesses? I'm curious how exactly? It seems to me the incentives and method of pursuit would be the same for both. I just don't see how they're mutually exclusive. I don't see the detriment in pursuing the 500's. The improvements you listed should attract both alike. I think if they're made we'll attract all types of businesses.





Edit: if the numbers on big companies vs small companies is true then, i can see that argument. I'm just not positive that that isn't a sweeping generalization.

But 8 fortune 500 companies and the city is this bad. Doesn't make sense to me.

Arch_Genesis wrote:

goat314 wrote:^ Exactly support small businesses, give incentives to locally owned business to expand, thats how you build your city and thats how you create a sense of community. If St. Louis made more logical moves like repealing earnings taxes, investing and public transit and infrastructure, merging the city/county making the region run more efficiently. etc. We would be in a completely different economic situation, hopefully all the young progressives don't continues to get spooked out and leave St. Louis....while bad mouthing it along the way and instead stay to rebuild their hometown.

so you guys are saying st. louis, by pursuing the fortune 500 companies, are hurting the smaller local businesses? I'm curious how exactly? It seems to me the incentives and method of pursuit would be the same for both. I just don't see how they're mutually exclusive. I don't see the detriment in pursuing the 500's. The improvements you listed should attract both alike. I think if they're made we'll attract all types of businesses.



But 8 fortune 500 companies and the city is this bad. Doesn't make sense to me.

No I love fortune 500s but whats the point of having them if they aren't paying their weight in taxes and expect special interest, because they have that prestige of being a fortune 500 company? My logic is to invest in the city....ya know public transit, schools, hospitals, small businesses and community organizations. If we had all that in line, fortune 500s would eventually fall into place and wouldn't be able to bully us into sweetheart deals, because they will know that the city would be respectable with or without them. Right now, I don't think many companies or entrepreneurs respect or appreciate St. Louis because we are not doing much for ourselves locally. Why should somebody think highly of St. Louis when half or the people here despise it and point out all the negatives and completely neglect highlighting or even utilizing positives (for example...the hellhole riverfront with the world class monument and the miles and miles of crumbling "historic" architecture". I mean think about it, do you think Inbev would have thought twice about moving the global HQ to America, if AB was a New York or Chicago company? Even over hyped shitlands like Atlanta and Houston would have gotten the nod for Global HQ, while St. Louis may not even get NA HQ! Its all perception guys...if St. Louis had one ounce of civic pride, They'd be saying we were world class.

goat314 wrote:

Arch_Genesis wrote:

goat314 wrote:^ Exactly support small businesses, give incentives to locally owned business to expand, thats how you build your city and thats how you create a sense of community. If St. Louis made more logical moves like repealing earnings taxes, investing and public transit and infrastructure, merging the city/county making the region run more efficiently. etc. We would be in a completely different economic situation, hopefully all the young progressives don't continues to get spooked out and leave St. Louis....while bad mouthing it along the way and instead stay to rebuild their hometown.

so you guys are saying st. louis, by pursuing the fortune 500 companies, are hurting the smaller local businesses? I'm curious how exactly? It seems to me the incentives and method of pursuit would be the same for both. I just don't see how they're mutually exclusive. I don't see the detriment in pursuing the 500's. The improvements you listed should attract both alike. I think if they're made we'll attract all types of businesses.



But 8 fortune 500 companies and the city is this bad. Doesn't make sense to me.

No I love fortune 500s but whats the point of having them if they aren't paying their weight in taxes and expect special interest, because they have that prestige of being a fortune 500 company? My logic is to invest in the city....ya know public transit, schools, hospitals, small businesses and community organizations. If we had all that in line, fortune 500s would eventually fall into place and wouldn't be able to bully us into sweetheart deals, because they will know that the city would be respectable with or without them. Right now, I don't think many companies or entrepreneurs respect or appreciate St. Louis because we are not doing much for ourselves locally. Why should somebody think highly of St. Louis when half or the people here despise it and point out all the negatives and completely neglect highlighting or even utilizing positives (for example...the hellhole riverfront with the world class monument and the miles and miles of crumbling "historic" architecture". I mean think about it, do you think Inbev would have thought twice about moving the global HQ to America, if AB was a New York or Chicago company? Even over hyped shitlands like Atlanta and Houston would have gotten the nod for Global HQ, while St. Louis may not even get NA HQ! Its all perception guys...if St. Louis had one ounce of civic pride, They'd be saying we were world class.

I see your point, with the city in the shape its in no 500 company can feasibly come in and provide a "quick fix" cuz we're bending over backwards. But as Matt pointed out we build up companies and then they're sold/relocated. Its looking near impossible even have the revenue in place to build up the city and give it what it needs. What's it gonna take to merge the city and county for crying out loud?

JCity wrote:I love when people defend the earnings tax. As if it hasn't COMPLETELY effected the city negatively.

Congratulations. You just fell into the trap that allows the megarich not to pay the earnings tax while everyone else does.



The post didn't defend the earnings tax. It merely pointed out that the City fraudulently claimed that high-tech businesses wouldn't locate in the City because of the earnings tax on options, because "options (were) the currency of the New Economy."



Now, never mind that you have to be a public company (or go public) for options to have any value or meaning. And never mind that the allegedly cash-strapped City has foregone more than $10 million in revenue since the change was made. And never mind that the employees of ALL BUSINESSES BESIDES GIANT PUBLIC COMPANIES still pay the earnings tax on bonuses, profit dispersements, etc.



Hey, at least they repealed part of it. It was a great first step, no?

Downtown2007 wrote:Archer Daniels Midland has long been rumored to be looking for a new place the move its HQ. Chicago and St Louis are the front runners. They have been tossing this around for a couple of years but I am not sure if it will ever happen.

Yikes. That would be absolutely devastating for Decatur. I hope that never happens.



I'd much rather steal a company from the Sunbelt, but I know better than to ever expect that to happen.

bonwich wrote:PS -- I just revisited A-B's latest proxy statement. There's $2.2 BILLION in options profit that's likely triggered by the $70 buyout price. That's $22 MILLION that the City blithely walked away from and which will have to be made up by ordinary shmoes who pay it out of their normal salaries.

You should ask your colleague, Mr. Nicklaus, to cover this in his column...

^ Good call. Like you said in another thread, Nicklaus has covered the AB-Inbev developments well.

DeBaliviere wrote:

bonwich wrote:PS -- I just revisited A-B's latest proxy statement. There's $2.2 BILLION in options profit that's likely triggered by the $70 buyout price. That's $22 MILLION that the City blithely walked away from and which will have to be made up by ordinary shmoes who pay it out of their normal salaries.

You should ask your colleague, Mr. Nicklaus, to cover this in his column...

Why do you think I pulled the proxy in the first place?

ThreeOneFour wrote:

Downtown2007 wrote:Archer Daniels Midland has long been rumored to be looking for a new place the move its HQ. Chicago and St Louis are the front runners. They have been tossing this around for a couple of years but I am not sure if it will ever happen.

Yikes. That would be absolutely devastating for Decatur.

Is there anything in Decatur to devastate? It could be the most depressing city in the Midwest outside of Gary, Indiana, and even that is a photo finish.

jlblues wrote:Is there anything in Decatur to devastate? It could be the most depressing city in the Midwest outside of Gary, Indiana, and even that is a photo finish.

Ouch! That's pretty harsh- but we all know the truth hurts. And Decatur residents (I suppose there are a few left) know this better than most people.

There is a good article in the BJ today discussing recent mergers affecting prominent StL businesses. They discuss the merger and then rate the impact on the local economy.





Merger mania: How St. Louis, its workers, charities and psyche have fared through the years

By Christopher Tritto and Staff



Anheuser-Busch Cos. Inc.’s looming $52 billion buyout by Belgian brewer InBev will mark the largest sale of a locally headquartered company in the region’s history. The fundamental question — how will the deal impact St. Louis? — remains up in the air.



From McDonnell-Douglas to TWA, Ralston Purina to May Department Stores, Engineered Support Systems to A.G. Edwards, the results of mergers and acquisitions have ranged from good to bad to downright ugly. Here’s a look at how the region has fared following the significant acquisitions of St. Louis companies in the last decade...





read more here

St. Louis area remains at 9 companies in Fortune 500 for 2014. Express Scripts moves up to number #20. Hard to believe but Express Scripts ranks higher than Boeing, Microsoft, IBM, and Bank of America.

http://www.stltoday.com/business/column ... 5b303.html

Within Missouri, Springfield has one - O'Reilly. KC has one on the Kansas side of the border in Shawnee Mission.
I guess Sprint merged with someone so KC lost that as a headquarters, right?

^ Sad only two of the nine are city-headquartered. Oh. what could be!

2 is better than none but you are right i wish they were all in the city.. The city probably wouldn't look the way it is today but still good news for STL energizer just missed the list coming in at 549

I really dislike that Peabody is stationed here. I guess they add jobs, but they are also destroying the biosphere with dirty coal. One outweighs the other for me, but then again, no one I know works for Peobody.

KC take on this. Sprint was not included because it is now owned by Tokyo based SoftBank.

http://www.kansascity.com/news/business ... mpany.html

Post Holdings drops out, so we are down to 7. With a further 9 between 500-1000.

Ranking and HQ location.

24 - Centene (down from 26) - Clayton
199 - Emerson Electric (down from 181) - Ferguson
222 - Reinsurance Group of America (down from 207) - Chesterfield
303 - Edward Jones (down from 295) - Des Peres
393 - Olin (up from 472) - Clayton
399 - Graybar Electric (no change) - Clayton
500 - Ameren (down from 469) - St. Louis
511 - Post Holdings (down from 474) - Brentwood
606 - Core and Main (did not appear on 2021) - Maryland Heights
625 - Stifel Financial (up from 633) - Downtown
781 - Peadbody Energy (down from 772) - Downtown
826 - Energizer Holdings (down from 775) - Chesterfield
881 - Caleres (up from 935) - Clayton
939 - Belden (up from 964) - Clayton
974 - Spire (up from 999) - Downtown
980 - Arch Resources - (down from 922) - Creve Coeur

Bunge?

dbInSouthCity wrote: ↑

May 24, 2022

Bunge?

Doesn't appear to be present.

Think the result aren't too surprising. Clayton dominates then theres a few scattered around the County. Downtown and STL lagging behind whilst Metro East has nothing. The land of milk and honey St. Charles County totally absent too.