urbanSTL

(I should add that the Bridgeton office is apparently now the headquarters of that business unit. They have a heavy manufacturing plant in West Plains.)

FWIW this is more of a relocation from their existing building HQ in Cool Valley.  Just north of S. Florissant and I70, somewhat hidden behind the Save A Lot and Dollar Tree.  

^I suppose that might be why it got so little press. Wasn't aware they were in Cool Valley, and I hope someone else fills the hole they left, but it's nice to see a new facility out by the airport and it does make sense to be there if they're designing drones and trainers.

Emerson back on the hunt.

Buying 1000 employee Minneapolis based Open Systems International for $1.6B. Systems automation with an energy/energy grid focus.

Emerson buying Open Systems International for $1.6B

Sigh, Read to the bottom of the article, Denver and Nashville getting some of the NYC banking and financial services. With our banking and financial services foundation, I wonder why STL can’t nab these jobs but Denver and Nashville can?? Hmmmm.

https://nypost.com/2020/09/05/wall-stre ... -pandemic/

I just googled too:

https://www.google.com/amp/s/businessfa ... rters/amp/

Focusing on just Nashville and Denver is an oversimplification and over emphasis on two "hot" cities to get attention. UBS has a significant presents in Nashville, Goldman Sachs has Salt Lake City, JPMorgan is expanding its office in Plano (among others including Wilmington, Columbus, Tampa, etc....), Deutsche Bank has significant operations in Jacksonville, Citigroup has a back-up trading operation in Buffalo, B of A has Charlotte as a lower cost alternative to its NYC investment bank headquarters, Credit Suisse has a large presents in Raleigh. The list goes on. Every major Wall Street bank has at least one major lower-cost domestic employment center, if not multiple. 

Sure, St. Louis should put itself out there as an ideal location for such jobs, court financial companies scouting such locations, and really press when it feels like there's a real shot (e.g. Square). But like in so many instances, it shouldn't count on some silver bullet announcement by a Wall Street bank to move thousands of jobs here. The priority should be cultivating the strong, growing local financial companies that are already committed to the area - Edward Jones, Wells Fargo Advisors, Reinsurance Group of America, Stifel, Enterprise Financial, First Bank, Cass Information Systems, and a whole laundry list of privately held companies.

wabash wrote: ↑

Sep 07, 2020

Focusing on just Nashville and Denver is an oversimplification and over emphasis on two "hot" cities to get attention. UBS has a significant presents in Nashville, Goldman Sachs has Salt Lake City, JPMorgan is expanding its office in Plano (among others including Wilmington, Columbus, Tampa, etc....), Deutsche Bank has significant operations in Jacksonville, Citigroup has a back-up trading operation in Buffalo, B of A has Charlotte as a lower cost alternative to its NYC investment bank headquarters, Credit Suisse has a large presents in Raleigh. The list goes on. Every major Wall Street bank has at least one major lower-cost domestic employment center, if not multiple. 

Sure, St. Louis should put itself out there as an ideal location for such jobs, court financial companies scouting such locations, and really press when it feels like there's a real shot (e.g. Square). But like in so many instances, it shouldn't count on some silver bullet announcement by a Wall Street bank to move thousands of jobs here. The priority should be cultivating the strong, growing local financial companies that are already committed to the area - Edward Jones, Wells Fargo Advisors, Reinsurance Group of America, Stifel, Enterprise Financial, First Bank, Cass Information Systems, and a whole laundry list of privately held companies.

Generally agreed. However, the A+ named firms draw A+ talent to these mid-tier cities. Once to those towns, it is a lot more likely they take a job at another local firm than if they been in NYC or LA originally. St. Louis struggles to attract A+ talent with the current local offerings. A single firm won't be a silver bullet but it could go along ways in attracting better talent for everyone that is here already. 

ldai_phs wrote: ↑

Sep 07, 2020

wabash wrote: ↑

Sep 07, 2020

Focusing on just Nashville and Denver is an oversimplification and over emphasis on two "hot" cities to get attention. UBS has a significant presents in Nashville, Goldman Sachs has Salt Lake City, JPMorgan is expanding its office in Plano (among others including Wilmington, Columbus, Tampa, etc....), Deutsche Bank has significant operations in Jacksonville, Citigroup has a back-up trading operation in Buffalo, B of A has Charlotte as a lower cost alternative to its NYC investment bank headquarters, Credit Suisse has a large presents in Raleigh. The list goes on. Every major Wall Street bank has at least one major lower-cost domestic employment center, if not multiple. 

Sure, St. Louis should put itself out there as an ideal location for such jobs, court financial companies scouting such locations, and really press when it feels like there's a real shot (e.g. Square). But like in so many instances, it shouldn't count on some silver bullet announcement by a Wall Street bank to move thousands of jobs here. The priority should be cultivating the strong, growing local financial companies that are already committed to the area - Edward Jones, Wells Fargo Advisors, Reinsurance Group of America, Stifel, Enterprise Financial, First Bank, Cass Information Systems, and a whole laundry list of privately held companies.

Generally agreed. However, the A+ named firms draw A+ talent to these mid-tier cities. Once to those towns, it is a lot more likely they take a job at another local firm than if they been in NYC or LA originally. St. Louis struggles to attract A+ talent with the current local offerings. A single firm won't be a silver bullet but it could go along ways in attracting better talent for everyone that is here already. 

Wall Street firms generally don't send the jobs that require A+ talent to Jacksonville, Plano, Buffalo and Raleigh. Of course, Covid may flip all of this outsourcing on its head. People currently working in support functions in New York that would have had their positions moved to Buffalo, Raleigh, Salt Lake, etc.... may now have the option simply to telework and stay in New York. 

CNBC: Mallinckrodt files for bankruptcy protection amid U.S. opioid litigation

"Mallinckrodt filed for bankruptcy protection on Monday, saddled with lawsuits alleging it fueled the U.S. opioid epidemic and after it lost a court battle to avoid paying higher rebates to state Medicaid programs for its top-selling drug."

Can’t say I’m that bummed about this one. Hopefully it’s assets and factories can be bought and used by some other Corp.

Terrible company. Gave thousands of people cancer in North county, including some of my extended relatives, because of improperly disposed nuclear waste. Instead of trying to make it right it was coverup after coverup.

If you are interested in learning more the documentary “Atomic Homefront” is worth a watch


Sent from my iPhone using Tapatalk

GoHarvOrGoHome wrote: ↑

Oct 13, 2020

If you are interested in learning more the documentary “Atomic Homefront” is worth a watch

My wife and I made the "mistake" of watching that right after we moved to St. Louis.

Per biz journal. Rawling is acquiring Easton (based in Cali)

Not sure what it means for here but pretty noteworthy sports equipment wise.

I can already hear that annoying "ping" of their bats. Great news, though. 

sc4mayor wrote: ↑

Oct 20, 2020

^ Yep, definitely a biggie.  Doubt it changes much locally...but it’s always nice to see a St. Louis company picking up a competitor instead of the other way around.

PD reporting:
https://www.stltoday.com/business/local ... ign=Sports

Understand its more about where the executives live but sure would be nice if they could somehow gets themselves to relocate to BPV or at least along Clark Ave.   St. Louis really needs to push Clark as a great American sports corridor having Rawlings and Easton a part of it would be a big plus.   Heck, taking up some space at 300 S. Broadway would work.

dredger wrote: ↑

Oct 20, 2020

sc4mayor wrote: ↑

Oct 20, 2020

^ Yep, definitely a biggie.  Doubt it changes much locally...but it’s always nice to see a St. Louis company picking up a competitor instead of the other way around.

PD reporting:
https://www.stltoday.com/business/local ... ign=Sports

Understand its more about where the executives live but sure would be nice if they could somehow gets themselves to relocate to BPV or at least along Clark Ave.   St. Louis really needs to push Clark as a great American sports corridor having Rawlings and Easton a part of it would be a big plus.   Heck, taking up some space at 300 S. Broadway would work.

Yep, I've long said Rawlings should relocate their headquarters within site of "the  view" out of Busch Stadium. Stick some sort of high-viz signage (or a giant bat or a glove or something - think of the giant Coke bottle in Atlanta or SF) would give them at least 81 nights of free regional or national advertising a year. Throw in a retail store to attract game-goers (once there are game-goers again, that is) and you build a memorable experience. 

It might be a little Vegas-y, but a building like that becomes more than just another anonymous cube farm next to a highway It's now a revenue generator, and if you work it right possibly even a tourist attraction.

-RBB