Emerson Electric Company (NYSE: EMR) is a major multinational corporation headquartered in St. Louis, Missouri, USA. This Fortune 500 company provides engineering services and innovative solutions for the customers in a wide range of industrial, commercial, and consumer markets.

Emerson is one of the largest engineering and conglomerate companies in the world. As of 2007, it has a workforce of approximately 138,000 employees worldwide with a global presence spanning 150 countries.

http://en.wikipedia.org/wiki/Emerson_Electric_Company



For all the talk about AB, which is obviously much more visible, Emerson, is much larger.  I honestly can't even picture their headquarters.  How cool would it be if this company moved downtown.  i dream.



Look at it's competitors!! jesus, this is certainly a company I don't often think about and it's based in STL.

Competitors

The major competitors for Emerson in various business segments include:

Invensys

General Electric

Siemens

Eaton Corporation

Honeywell

Rockwell Automation

Philips

Samsung Group

ABB Group

Sony Corporation

Hitachi, Ltd.

Panasonic

3M Company

Metso Automation

InBev, ATT, Boeing, Macy's, Wachovia, BankofAmerica, and Nestle will all move their global HQ to downtown St. Louis before Emerson does.

So what's the current market value of Emerson?

JCity wrote:

Emerson Electric Company (NYSE: EMR) is a major multinational corporation headquartered in St. Louis, Missouri, USA. This Fortune 500 company provides engineering services and innovative solutions for the customers in a wide range of industrial, commercial, and consumer markets.

Emerson is one of the largest engineering and conglomerate companies in the world. As of 2007, it has a workforce of approximately 138,000 employees worldwide with a global presence spanning 150 countries.

http://en.wikipedia.org/wiki/Emerson_Electric_Company



For all the talk about AB, which is obviously much more visible, Emerson, is much larger. I honestly can't even picture their headquarters. How cool would it be if this company moved downtown. i dream.

Emerson is big. It employs more people than A-B and less than Boeing but its market cap is less than both Boeing and A-B. Still, an impressive company.



How many does Emerson employ in St. Louis? One of my friends works for them...



Market Cap

- Bank of America: 118 B

- Boeing: 49.28 B

- BUD: 47.81 B

- Emerson: 38.34 B

- Wachovia: 26.77 B

- Macy's: 6.69 B

A different way to fund schools is very much a worthy of pursuit. In the meantime the $33k per acre in assessed value of the Emerson campus in Ferguson is pathetic. Perhaps a reassessment is in order.

Stl BJ - Commentary: The vicious cycle of racism in Missouri


https://www.bizjournals.com/stlouis/new ... souri.html

I'd rather the answer be more productive development patterns, but instead we almost always choose higher taxes and lower levels of services and infrastructure.

Emerson is selling 55% of their Commercial & Residential business to Blackstone. As part of the deal...

"As part of the transaction, Emerson will be right sizing its corporate and platform cost structure and will sell ownership of its St. Louis, Missouri campus to the joint venture. Emerson will enter a three-year lease on the headquarters with an option to extend a further two years. During that time, Emerson will undertake a comprehensive assessment of potential headquarters locations."

I.e. let’s start a bidding war between Dallas, Atlanta, Charlotte and Nashville.

So long STL.

HQ chasing as an economic development strategy is nearly dead. We shouldn’t allocate nearly as much time to it.

Focus on building thousands of small businesses every year and improving quality of life. Everything else will follow.

* edited to be less dramatic *

addxb2 wrote: ↑

Oct 31, 2022

HQ chasing as an economic development strategy is dead. We shouldn’t allocate a single penny to it.

Focus on building thousands of small businesses every year and improving quality of life. Everything else will follow.

In addition, focus on building public- or worker-owned businesses, rather than start-ups hoping to get bought (and relocated) by wall street.

https://www.ft.com/content/d92ee0ae-fae ... c165ef5db5

This looks bad for us STL. How many people does Emerson employee in St. Louis? This is a roughly $50B company right? If they are divesting a $14B unit, I wonder why the HQ would move. There would still be a significant share of the corporation operating outside of the unit sold to Blackstone. Anyone have insider knowledge of this situation. I know they've been streamlining operations, but putting the HQ in play was not on my radar.

I have talked to some upper-level executives at Emerson who repeatedly cite difficulty in attracting  MBA talent from top b-schools as a reason to leave the area. 

^ Does the national perception of Ferguson Missouri have the biggest impact, vs. St. Louis or Chesterfield MO.? Not that STL has a great rep right now. 

Does he/she believe this is a forgone conclusion that Emerson is a goner for the region? 

Good thing we don’t have a vibrant urban core. Top young talent hate that.

Not sure if there are more employees spread out locally:  

Emerson has more than 86,000 employees worldwide, with 1,245 employees at its global headquarters campus in north St. Louis County.

https://www.emerson.com/en-us/news/corp ... s%20County.

Sad.

St. Louis County and regional leaders need to be on the phone as we speak with Emerson upper management discussing ANY way we can keep this corporation in the region. 

Well, Centene is leaving us with massive amounts of vacancy. Maybe STL can put a package together to keep EMR and move them out of Ferguson. Office space is a dime a dozen post-covid. 

I know it’s our nature to be all doom and gloom but this JV is a F1000 company (if public) HQd in StL. If EMR stays, this is a huge win for StL.

Agree completely with those urging regional leadership to do everything they can to keep EMR in town.

Maybe it's because I don't know what's up most of the time, but I thought Emerson was long gone. They haven't been in the news much, so they've been on the down-low for some time now. I wasn't even aware that they were headquartered in Ferguson. Shows you how much I know.

But since they are signaling they want to leave, what do they REALLY want? A shiny new office? Doubtful. A place closer to the urban core? Possibly. A sweet land deal? Maybe. A serious incentive package to keep them in St. Louis? highly likely. 

The same argument about not being able to get B-School graduates was made by Centene as was the crime issue preventing them from hiring anyone and now Emerson is more or less telling us the same thing. 

If they were to move, where would they? What cities would they want to go to? Nashville? Kansas City? Don't sleep on KC with this one. They're more or less losing Cerner so they're out for blood and want to get a big job win and this could be their way of doing it. As far as the ability of KC to attract and retain B-School talent, I think they slip in that regard when compared to a city like Nashville or Austin but if Emerson wanted to move their employees with them, KC would be it since the cost of living is similar to St. Louis and it's not too far away.

At the end of the day, I do think Emerson ends up staying in St. Louis simply because our politicians will do anything to keep them here because they know they need to stay here. Competition will be tough, but we'll likely end up winning. These far-flung office tenants that have trouble getting talent will start to consolidate into the Central Corridor. 

DogtownBnR wrote: ↑

Oct 31, 2022

St. Louis County and regional leaders need to be on the phone as we speak with Emerson upper management discussing ANY way we can keep this corporation in the region. 

St. Louis generally has poor civic leadership. Compared to many other cities it simply refuses to double down on the urban core. We don't see new shiny office towers pop up in the urban core like you do in many other cities. Downtown and to even to a degree Clayton are nice assets to have, but a great deal of our major corporations have doubled down on the suburban office park on I-270 model that is simply not as attractive to young urban professionals that want to be in the action. The way that local corporations don't build their campuses near Metrolink stations to create new mixed-use employment hubs is also a huge missed opportunity, basically making Metrolink (which is a major asset for a region our size) a social pariah and waste of infrastructure. I think Jason Hall's crew had the right idea about doubling down on the core, but honestly it seems like we are rapidly losing pace with other metro areas in this regard and sometimes it feels we are a dollar short and a day too late. The state of infrastructure downtown and overall feel is a joke and it feels really outdated compared to other major cities despite the great deal of money that has been poured into it. St. Louis has made a lot of great strides the last decade or so, but more needs to be done like yesterday if we ever hope to stop continuously fall into irrelevancy.