I think its someone finally enforcing what was agreed, city should do more of that. If that means killing a deal so be it, that’s not on the City it’s on the developer. If the city just lets it go, developers will keep taking advantage of it.
Little bit of good news here:
Behavioral health provider moving headquarters to St. Louis region
https://www.bizjournals.com/stlouis/new ... s_headline
Coming from Fredericksburg, Virginia and will be based in Westport, relatively small, 50 or fewer jobs to start but with plans to grow. They employ around 5,000 nationwide.
Behavioral health provider moving headquarters to St. Louis region
https://www.bizjournals.com/stlouis/new ... s_headline
Coming from Fredericksburg, Virginia and will be based in Westport, relatively small, 50 or fewer jobs to start but with plans to grow. They employ around 5,000 nationwide.
“Relocating Pathways’ senior executives to St. Louis allows us to be part of a leading health sciences and services community and to tap into St. Louis’ exciting entrepreneurial climate.” Cyrus Nikou, founder and managing partner at Atar Capital, said in a statement.
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Will TD Ameritrade be acquired by Schwab? This article is about employees in Omaha but I wonder what it would do for employees still in StL?
https://www.omaha.com/money/if-td-ameri ... d9830.html
https://www.omaha.com/money/if-td-ameri ... d9830.html
Listened/watched some pretty interesting discussions the last couple of days on why Schwab went for TD Ameritrade and why Schwab pursued them instead of say Etrade. Didn't realize it but TD Ameritrade has its own bank with significant assets, TD bank, for which a significant amount of their transactions go through and therefore a big part of their revenue stream (think a day or two here for interest when a transaction is completed). Not sure if TD bank is ran out of St. Louis or their corporate Omaha office. But I would image that the bank would be protected.moorlander wrote: ↑Nov 22, 2019Will TD Ameritrade be acquired by Schwab? This article is about employees in Omaha but I wonder what it would do for employees still in StL?
https://www.omaha.com/money/if-td-ameri ... d9830.html
Also, Schwab has slowly but surely downsizing their corporate San Fran HQ for Texas, Dallas I believe, and a lot of biz journals type article in the bay area is if and when Schwab relocates HQ to Texas. So I can see Schwab trying to do more downsizing out west first and then go from there but tough to see the combined company having a need for large presence in San Fran, Dallas, Omaha and St. Louis.. Who knows, St. Louis has built a good foundation and successful financial sector workforce with some scale.
^TD Ameritrade may own a bank, but I don’t think it’s TD Bank - at least not the TD Bank most people would think of.
TD Bank is a subsidiary of Toronto Dominion Bank in Canada and is headquartered in New Jersey. It wouldn’t be included in any sale of TD Ameritrade except to the extent that it’s a 43% owner of TD Ameritrade and would be left with a significant ownership interest in any combination of Schwab and TD Ameritrade.
TD Bank is a subsidiary of Toronto Dominion Bank in Canada and is headquartered in New Jersey. It wouldn’t be included in any sale of TD Ameritrade except to the extent that it’s a 43% owner of TD Ameritrade and would be left with a significant ownership interest in any combination of Schwab and TD Ameritrade.
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^^ It's also the Think Or Swim platform that TD operates that Charles Schwab likely wants.
This is all pretty interesting as the online brokerge firms have begun eliminating commissions on certain trades, including common stock trades. Schab was first to announce, on October 1st. TD Ameritrade, which was looking to do the same thing, announced they'd also stop charging commissions on the same securities trades on October 2nd. Meanwhile, on 10/1/2019, TD Ameritrade stock dropped a little more than 25%. Shares of AMTD have only reached their price levels to where they were prior to 10/1/2019 levels only after word of Schwab's potential TD Ameritrade acquisition went public yesterday morning. So, Schwab was first to announce the elimination of commissions on these securities, watches their competition's stock prices drop, and swoops in to buy them at a relative discount. Kind of brilliant.
Here's hoping they retain the TD Ameritrade presence in STL. We definitely have one of the largest financial advisory industry clusters in the country, I think trailing only New York City and Boston, and we're a crap ton cheaper than San Francisco.
This is all pretty interesting as the online brokerge firms have begun eliminating commissions on certain trades, including common stock trades. Schab was first to announce, on October 1st. TD Ameritrade, which was looking to do the same thing, announced they'd also stop charging commissions on the same securities trades on October 2nd. Meanwhile, on 10/1/2019, TD Ameritrade stock dropped a little more than 25%. Shares of AMTD have only reached their price levels to where they were prior to 10/1/2019 levels only after word of Schwab's potential TD Ameritrade acquisition went public yesterday morning. So, Schwab was first to announce the elimination of commissions on these securities, watches their competition's stock prices drop, and swoops in to buy them at a relative discount. Kind of brilliant.
Here's hoping they retain the TD Ameritrade presence in STL. We definitely have one of the largest financial advisory industry clusters in the country, I think trailing only New York City and Boston, and we're a crap ton cheaper than San Francisco.
They both took a hit when JPMorgan was the first mover on free trades in summer 2018. Ameritrade was down 5% and Schwab 3%.
It’s a different business model, but I wonder what all of this will mean for Edward Jones.
It’s a different business model, but I wonder what all of this will mean for Edward Jones.
For regulatory purposes, TD Ameritrade does not own any bank. It is a Securities Broker/Dealer owned by a foreign Financial Holding Company (Toronto Dominion) that in turn owns a bank, TD Bank.wabash wrote: ↑Nov 22, 2019^TD Ameritrade may own a bank, but I don’t think it’s TD Bank - at least not the TD Bank most people would think of.
TD Bank is a subsidiary of Toronto Dominion Bank in Canada and is headquartered in New Jersey. It wouldn’t be included in any sale of TD Ameritrade except to the extent that it’s a 43% owner of TD Ameritrade and would be left with a significant ownership interest in any combination of Schwab and TD Ameritrade.
^Right. Looks like Scottrade Bank ended up getting acquired by TD Bank in New Jersey as opposed to being acquired or merged with TD Ameritrade in any way.
Scottrade as an entity still exists and is a subsidiary of TD Ameritrade headquartered in Town and Country:wabash wrote: ↑Nov 25, 2019^Right. Looks like Scottrade Bank ended up getting acquired by TD Bank in New Jersey as opposed to being acquired or merged with TD Ameritrade in any way.
https://www.ffiec.gov/npw/Institution/P ... t=20180909
All banking activities were incorporated into TD however
Bay area news reporting yesterday when I was heading home from work and biz journals confirmed today that Charles Schwab/TD America going to locate new corporate HQ in Texas. No surprises there.
Bay Area news reporting that most of the 1200 or so San Fran jobs were safe because of tech. However, think that is biased and Schwab wants to make it sound locally that the impact is not that big. But I can see them looking at Omaha and or St. Louis as a much better place to keep employees and reduce head count in San Fran. At same time, I image the real savings is in a much bigger reduction in labor force for the combined company. With execs headed to Texas I would assume that everything is on the plate as relates to reducing workforce across San Fran, Omaha and St. Louis.
https://www.bizjournals.com/sanfrancisc ... r-s-f.html
Bay Area news reporting that most of the 1200 or so San Fran jobs were safe because of tech. However, think that is biased and Schwab wants to make it sound locally that the impact is not that big. But I can see them looking at Omaha and or St. Louis as a much better place to keep employees and reduce head count in San Fran. At same time, I image the real savings is in a much bigger reduction in labor force for the combined company. With execs headed to Texas I would assume that everything is on the plate as relates to reducing workforce across San Fran, Omaha and St. Louis.
https://www.bizjournals.com/sanfrancisc ... r-s-f.html
I was reading this article in the PD this evening about potential bankruptcy proceedings against Hudson Holdings over some apparent unpaid debts for work on the Railway Exchange and came across this little nugget:sc4mayor wrote: ↑Aug 30, 2019USDA is looking to move 1,500 or so employees out of the old Goodfellow munitions plant. They were downtown prior to their move out there. Would be nice to have them back there.
NGA campus could be a good fit too.
https://www.bizjournals.com/stlouis/new ... e=facebook
It didn't mention anything about USDA or the Goodfellow complex but maybe it could be related. The link included with the PD article points to a request from the GSA for "PBS Central Office" (PBS is the Pubic Buildings Service, more commonly known as the government's landlord).Recently, the Railway Exchange owners said they responded to a request for 143,000-square-feet of downtown office space from the federal General Services Administration and that they are “actively attempting to sell, market and develop the project.”
Details:
If this is the USDA, they're going downtown. If it's not them, something is coming...Delineated Area:
North: Cole Street and Carr Street
East: Leonor K Sullivan Boulevard
South: Interstate 64
West: Jefferson Avenue
1. 15 commercially available public parking spaces must be located within a safely accessible walkable 800 feet and an additional 1,000 commercially available public parking spaces must be located within a safely accessible, walkable 2,640 feet from the principal functional entrance of the Building, as determined by the LCO.
2. Parking for the 4 vehicles shall be in a secured area with fencing (4 vehicles will require onsite parking).
3. A 3,000 SF mailroom, 9,200 SF print shop, and 6,000 SF warehouse (or acceptable storage space) should be located on the ground floor and be near the loading dock and/or an elevator that can accommodate a flatbed cart measuring 48” long x 24’ wide with a load capacity of at least 2,500 lbs. If these spaces cannot be located on the ground floor near the loading dock the spaces must be located near a freight elevator.
4. The loading dock should have a leveler and weather tight seals around the rolling doors.
5. Level III Security.
6. The awarded lease amount not including operating expenses must be below prospectus level
FBI also could be an option I guess. Not sure how much room either of those are taking up now though.
^ Yeah, I hadn't thought of that. FBI's St. Louis field office is about 90,000 square feet, though I'm not sure how many employees it has. Goodfellow houses 2,000 federal employees with 1,500 at USDA.
I thought David Nicklaus PD article might be interesting depending on what the execs had to say, link below. For lack of a better idea on what thread I should have posted I went with this one as the companies represented have a pretty significant presence on the national front in terms of construction and design.
Behind paywall so curious if anyone with access thinks their was anything interested stated. Lack of growth mentality is pretty broad and assume a fair share of less regulation, less taxes, we must privatize profits while socializing losses type comments. Then their is the obvious, St Louis can't dig a big enough hole to create a ocean for beachfront property nor build a big enough hill to create a mountain range and if you could change the weather in St. Louis you could change anywhere else as well. So curious if these guys had anything to add.
https://www.stltoday.com/business/colum ... 2f82a.html
Behind paywall so curious if anyone with access thinks their was anything interested stated. Lack of growth mentality is pretty broad and assume a fair share of less regulation, less taxes, we must privatize profits while socializing losses type comments. Then their is the obvious, St Louis can't dig a big enough hole to create a ocean for beachfront property nor build a big enough hill to create a mountain range and if you could change the weather in St. Louis you could change anywhere else as well. So curious if these guys had anything to add.
https://www.stltoday.com/business/colum ... 2f82a.html
This was posted in the media thread with some comments about the contents.dredger wrote: ↑Dec 03, 2019I thought David Nicklaus PD article might be interesting depending on what the execs had to say, link below. For lack of a better idea on what thread I should have posted I went with this one as the companies represented have a pretty significant presence on the national front in terms of construction and design.
Behind paywall so curious if anyone with access thinks their was anything interested stated. Lack of growth mentality is pretty broad and assume a fair share of less regulation, less taxes, we must privatize profits while socializing losses type comments. Then their is the obvious, St Louis can't dig a big enough hole to create a ocean for beachfront property nor build a big enough hill to create a mountain range and if you could change the weather in St. Louis you could change anywhere else as well. So curious if these guys had anything to add.
https://www.stltoday.com/business/colum ... 2f82a.html
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Update on BBW from STL Biz Journal: Build-A-Bear will open its new Downtown retail store, at the site of its future HQ, on Saturday. The full corporate relocation will take place some time this upcoming Spring.
I wonder if someone can give some insight into BIz Journals article behind paywall. The lead sentence is ripe for some full blown speculation on at least my part, maybe a few others. If anything encouraging but probably dangerous for a economic development official teasing. let me guess on the one factor that keeps region from attracting more stated loudly & clearly by a few, regional cooperation, or more importantly the lack thereof
https://www.bizjournals.com/stlouis/new ... s_headline
An economic development official says St. Louis is working to a few significant deals — including a potential headquarters – while also identifying the one fact that's kept the region from attracting more.
https://www.bizjournals.com/stlouis/new ... s_headline
An economic development official says St. Louis is working to a few significant deals — including a potential headquarters – while also identifying the one fact that's kept the region from attracting more.
^ Nothing to really speculate on outside of the little teaser they give ya. The one thing holding the region back is population growth. One of the guys interviewed said that companies are wary of taking a risk here and not being able to find the employees to fill the jobs.
One example was a company that had 2,500 jobs on the table (no name was given), and this company told the economic development folks that if they were looking at relocating 600 people or so, they’d pick STL. But they weren’t confidant they could find enough bodies based on the regions current population trends.
One example was a company that had 2,500 jobs on the table (no name was given), and this company told the economic development folks that if they were looking at relocating 600 people or so, they’d pick STL. But they weren’t confidant they could find enough bodies based on the regions current population trends.
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Pittsburgh isn’t necessarily growing in fact it continues to slightly decline but somehow companies are taking risk there and personally there’s nothing exciting about Columbus. Honestly I’m not even envious of the current boom towns St Louis is still managing to get cranes up all be it at a slower rate. The best bet for us is to continue to grow organically and hope these very same companies continue to establish roots here. Hopefully this new Alliance can have much better success. We definitely need to be a region of togetherness #newdecade
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Edit: disregard. Pittsburgh got me excited.
Synopsis: In the last 2 years Pittsburgh has gained ~2k jobs, STL almost 30k.
Synopsis: In the last 2 years Pittsburgh has gained ~2k jobs, STL almost 30k.
I'm also not really aware of any companies dropping 2,000 or so jobs at a time into Pittsburgh, at least not regularly. Granted I don't much follow what goes on in Pittsburgh, but big relocations generally make the news.
^^ While I would definitely give St. Louis the nod in most ways over its peers, they are growing...St. Louis isn't. Columbus may not be that exciting, but it's a big college town that's grown at least 10% every decade since 1990. Companies know they can fill jobs there, the labor pool keeps replenishing. That's the most important thing to them.
^^ While I would definitely give St. Louis the nod in most ways over its peers, they are growing...St. Louis isn't. Columbus may not be that exciting, but it's a big college town that's grown at least 10% every decade since 1990. Companies know they can fill jobs there, the labor pool keeps replenishing. That's the most important thing to them.
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I never said companies were dropping 2000 jobs in Pittsburgh but some companies are planting roots there and I mean good companies and they are always at the top of company relocations. St Louis has 1 very good university and one decent university yeah they aren’t Ohio State but still we’re fortunate to have them. How much of that growth in a Columbus has come at the hands of Cleveland and Cincinnati I believe when you’re a capitol/state HQ you tend to give yourself the upper hand such has Nashville vs Memphis etc. I’m not saying companies should plop 2-3000 jobs here but heck we’re barely ever getting 400. I like said we’re better off growing locally/organically. St.Louis will grow again it’s a matter of when.sc4mayor wrote:I'm also not really aware of any companies dropping 2,000 or so jobs at a time into Pittsburgh, at least not regularly. Granted I don't much follow what goes on in Pittsburgh, but big relocations generally make the news.
^^ While I would definitely give St. Louis the nod in most ways over its peers, they are growing...St. Louis isn't. Columbus may not be that exciting, but it's a big college town that's grown at least 10% every decade since 1990. Companies know they can fill jobs there, the labor pool keeps replenishing. That's the most important thing to them.
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Thanks, I think it is easy for business to down the road of their is no people and or find a growing population to back up the notion that their is a ready made workforce around the corner. In same respect, some challenges as pretty much the same across most metro areas. Grow, train and build the workforce locally becuase the reality I believe is that their is always people out there.sc4mayor wrote: ↑Jan 08, 2020^ Nothing to really speculate on outside of the little teaser they give ya. The one thing holding the region back is population growth. One of the guys interviewed said that companies are wary of taking a risk here and not being able to find the employees to fill the jobs.
One example was a company that had 2,500 jobs on the table (no name was given), and this company told the economic development folks that if they were looking at relocating 600 people or so, they’d pick STL. But they weren’t confidant they could find enough bodies based on the regions current population trends.