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In This Issue

Dustin was recently named one of LinkedIn's "Top Voices on Manage- ment & Corporate Culture".  








 
 
 
CHECK OUT
ST CHARLES

Randy Schilling visits with Travis Wilson to talk about the work-sharing office space for entrepreneurs located on Historic Main Street.  (click to view)  www.opostartups.com
 











 
 
 
FAST FACT
Missouri is one of just a few states with a perfect AAA credit rating from all three major independent rating agencies.
 
source:  Office of Missouri Governor Jay Nixon 









 
 
 
DID YOU KNOW?
Missouri's exports through the first quarter of 2016 totaled $ 3.19 Billion.  The largest foreign market for Missouri's exports continues to be Canada.
 ( read more...)

source:  WISER Export Trade 






Quick Links
BacktotopGreetings!
Mayor Faith  2013
 
Later this month, the City's Economic Development Department will be hosting its annual Regional Investors Breakfast.  This serves as our annual economic development update on the activities and successes we have experienced over the past year.
 
This year's event will be different from previous Breakfasts.  First, we are holding it at the AMC Theater at the Streets of St. Charles.  We are doing this to not only promote this great property...but to demonstrate that access to St. Charles is still easy despite the Interstate 70 road construction. 
 
Our 2016 Regional Investors Breakfast will offer many unique features that will truly make this a one of a kind event.  Be prepared to be informed, entertained and amazed.
 
St. Charles has a great deal to be proud of because of our diverse economic base, outstanding education program, premier retail shops and strong historical presence.  This event will demonstrate why "If it's happening...it's happening in St. Charles!"
 
If you are interested in locating in a community that not only knows "it's happening" but also knows how to "make it happen"; then contact our Economic Development Department to see how we can make it happen for you.

Thank you,
  Sally Sig photoshop
 
Mayor Sally Faith
Sole & Blues and Think Pink Nail Salon to Open at Streets

Cullinan Properties, owner & developer of the Streets of St. Charles, will soon be welcoming two new tenants to its mixed-use development. 
 
Sole & Blues is a locally owned boutique known for its cutting edge lines of clothing, shoes and accessories for both women and men - offering popular brands like BB Dakota, Nudies, Naked and Famous and AG.  Their unique lines of jewelry are created by artists who present a natural and delicate style.  Sole & Blues will be located on Beale Street and is expected to open mid-summer.
 
"When we considered where to open a new location, we were drawn to Streets of St. Charles because of its mix of businesses and vibrant energy that's present at the property," said Tammy White, Sole & Blues owner. "It's a great complement to our Delmar store."
 
Think Pink Nail Salon will also be located along Beale Street and offer high-end manicures and pedicures along with eyelash, eyebrow and waxing services. 
 
"The diversity of everything available at Streets of St. Charles is very attractive to us," says owner Stephanie Chen. "We're excited about being in the middle of everything while offering both convenience and exceptional service for those who want something special."
 
Sole & Blues and Think Pink are just the most recent tenants  Streets of St. Charles has announced this year. A new Drury Inn & Suites is currently under construction, and a number of other retail and service tenants have opened, or plan to open in 2016, including the recent openings of MOD and Supercuts and the upcoming openings of PF Changs, Firebirds Wood Fired Grill and Orangetheory Fitness.
 
"The vibrancy of the Streets of St. Charles is due largely to the unique and diverse businesses we've brought to the area," said  Patricia Kueneke, Senior Real Estate Representative for Cullinan Properties. "Many of the businesses here are locally owned, and therefore play an instrumental role in building community here, making it a welcome and energetic place."


Featured Article - Missouri Technology Corporation: Promoting Entrepreneurship & Fostering Innovation

Mike Downing, Director of Missouri Department of Economic Development

Over the past few years, Missouri's tech and innovation scene has been picking up speed and garnering national recognition. According to the most recent Census data (2013), we led the nation in new business creation and for the first time ever, Missouri is a top 10 state for startup funding (Forbes). From the east to the west side of the state, our metros continue to be named some of the best places in the nation to start a business or be in the center of a fast-growing startup scene.

Much of this excitement is due to organizations like the Missouri Technology Corporation (MTC), a public-private partnership that was created by the Missouri General Assembly to promote entrepreneurship and foster the growth of new and emerging high-tech companies. Housed within the Missouri Department of Economic Development, the organization is focused on 21st Century innovative industries, including those that build on Missouri's rich history in agriculture and technology. Through strategic co-investments that help entrepreneurs create and grow technology-based businesses, MTC works to transform the state's economic outlook using the power of entrepreneurship as a catalyst for innovation and sustainable growth.
 
MTC's main areas of investment focus include animal health, applied engineering, biomedical science, defense and homeland security, and plant science.

MTC supports Missouri startups through two programs: MOBEC (Missouri Building Entrepreneurial Capacity) and IDEA Funds (Innovation, Development, and Entrepreneurship Advancement). Through MOBEC, MTC provides funding to organizations that expand the support system for entrepreneurs, such as incubators, accelerators, and research centers located throughout the state. Through the IDEA Funds, and its four specific funds that each correlate to a different stage in the startup life cycle, MTC invests directly in firms with the goal of accelerating private capital to fuel their growth (applicants must have a commitment from private investors to co-invest before MTC funds can be invested). This early-stage capital helps startups finance important activities to commercialize their technologies, such as hiring key personnel, protecting intellectual property, purchasing equipment, and prototyping and proof of concept work or projects.

As Missouri continues to gain recognition as a top spot for high-tech startup companies to locate and grow, MTC's portfolio has likewise expanded, thanks to increased funding appropriations. Under Gov. Nixon's leadership, funding for MTC has increased from $2.1 million in FY2011 to over $18 million in FY2016. With this increase in funding, MTC has been able to help even more local companies get their innovative ideas and products off the ground. To date, MTC has co-invested in 87 companies who have in turn been able to raise over $300 million in additional capital to grow their businesses and create jobs.

MTC is also helping to advance the startup scene right here in St. Charles. Through its MOBEC program, MTC supported the launch of local co-working center  OPO Startups, a 10,000-square-foot facility located in the city's renovated "Old Post Office" building that provides area startups with affordable workspace along with a variety of business resources. OPO Startups currently has 22 member companies. 

SmartCare, a St. Charles-based company that uses groundbreaking technology to provide a smarter, safer, and higher level of care for seniors, is also a member of MTC's portfolio, having received a co-investment through the IDEA Funds program.

Learn more about how MTC works to ensure that the next big idea - happens right here in Missouri by visiting missouritechnology.com.

 
Masterclock Receives Presidential Export Award

U.S. Secretary of Commerce Penny Pritzker recently presented Masterclock with the President's "E" Award for Exports at a ceremony in Washington, DC.  The President's "E" Award is the highest recognition any U.S. entity can receive for making a significant contribution to the expansion of  U.S. exports. .
 
"Masterclock has demonstrated a sustained commitment to export expansion.  Masterclock's achievements have undoubtedly contributed to national export expansion efforts that support the U.S. economy and create American jobs," said Secretary Pritzker.
 
Headquartered in St. Charles , Masterclock manufactures a variety of equipment designed to keep both facilities and people synchronized with applications ranging from ensuring television studios make smooth programming transitions to providing precise counts for spacecraft launch operations. 
 
"Our export success demonstrates that our products are competing and winning in the global marketplace," explained Masterclock President and CEO John Clark.  "Performance and value are universal concepts and easily translate across cultures."
 
"Missouri's exports continue to grow because we are sending high-quality products to countries around the globe," Governor Jay Nixon said. "A prime example of those products made by Missouri small businesses is the world-class precision instruments manufactured in St. Charles by Masterclock , as Missourians can be proud that this industry leader calls the Show Me State home."   In 2014, the company was recognized as the Missouri Exporter of the Year by Governor Nixon
 

Mayor Faith Honors Businesses Employer of the Year

Mayor Sally Faith bestowed Employer of the Year honors on five St. Charles area businesses during the May 6th general membership meeting of the Greater St. Charles County Chamber of Commerce.  
 
"Many times, when we talk about economic growth in St. Charles, a large number of people assume we are referring to recognized names like Boeing, SSM, Ameristar, Coca Cola, Newco and others.  While they deserve this acknowledgment, let us not forget that our growth is also a result of our smaller companies that employ 5, 10, 20 and 50 people.  Because of this, and other great things that are taking place in our community...I can proudly say, "If it's happening....it's happening in St. Charles!" 
 
The 2016 business honorees were:  
The City's annual economic development awards presentation took place as a part of the Greater St. Charles County Chamber of Commerce luncheon meeting at the Convention Center, in conjunction with the chamber's Small Business Person of the Year Award. 


Zika Named EDC Director of Business Development

Greg Prestemon , President and CEO of the Economic Development Center of St. Charles County (EDC) recently announced that Christine Zika has joined the organization as its Director of Business Development. Zika's primary focus will be on business recruitment, engagement and attraction within the County.
 
Christine began her career working for St. Louis area non-profits with a transition to long-term planning and office management.  During the most recent 6 years, she owned her own concierge services business.
 
In addition to her civilian career, Zika proudly served 14 years in the Missouri Army National Guard with several deployments and assignment with the Military Police.  
 
"We are delighted to bring Christine on board to the EDC team. Christine has a sharp, analytical mind and an authentic customer-first approach to business development," Prestemon said. " I am most impressed with her obvious desire to make this community a better place.  We expect big things from her in the coming years."


Featured Article - IEDC Salutes St. Charles for Lighting up Community with Good News

Jeffrey Finkle, President and CEO,
International Economic Development Council (IEDC)


I am thrilled to be sharing this exciting year and celebration with economic developers around the nation, especially with organizations like the City of St. Charles. After joining in celebration of Economic Development Week, it is important to look back at how far we have come as a profession.

The national economy went through a very difficult time eight years ago. In 2008, we experienced a deep recession that, at times, seemed impossible to climb out of. Over the years, we have slowly recovered, keeping the unemployment rate at around 5 percent nationally. However, there are still people on the sidelines that haven't been able to get back into the workforce.

This is one reason why the work of organizations such as the City of St. Charles remains very important. Economic developers around the nation work tirelessly to create jobs and elevate the economies of the communities they serve, and I was happy to celebrate that fact through Economic Development Week this year.

The year 2016 allows IEDC to celebrate 90 years of history making in economic development.  The merger of AEDC and CUED took place during the week of May 8-14, 2001, which is how we chose the dates for our first-ever Economic Development Week.

The primary purpose of Economic Development Week was to celebrate both the achievements of economic developers and the industry's impact on cities, towns, and the world at large. Economic Development Week has consisted of online activities designed to highlight the importance of economic development and recognize the efforts of economic development professionals in all corners of the world. We encouraged communities to get involved and take part in the celebration by creating a celebration guide that includes sample city, county and state resolutions, a sample press release, and sample ads encouraging communities to bring greater awareness to the role of the economic developer and the profession.

I want to thank the  St. Charles Economic Development Department and especially David Leezer and Mayor Sally Faith for being active participants in this year's celebration. They, like many of our other members and community leaders, did an outstanding job in commemorating this great profession. Their economic development team participated in the following ways:
  • Resolution from the City of St. Charles City Council
  • Resolution from Missouri State Representative Anne Zerr
  • Recognition at City Council Meeting by Mayor Sally Faith
  • Key allies showcasing the Economic Development Week logo on social media
  • Happy Economic Development Week video from Mayor Faith and City staff
  • Appreciation lunch for key economic development allies
The industry of economic development is broad and impacts nearly everyone, so IEDC has strived over the years to host a wide range of events that will appeal, and be relevant, to as many of our members as possible. Every community is dealing with different issues, and we aim to bring like-minded economic development professionals from all over the world together, allowing them to share their ideas and problem-solve in a way that otherwise would not be possible.

As Judie Scalise (AEDC chair, 1993-94) has said, "Community leaders recognize that in order to be successful, you need to leverage your assets and improve the foundations that support economic development. The skill set that economic development practitioners need to do their jobs has expanded." Economic Development has allowed communities to share how they've exemplified this statement through the work they've highlighted.

I am so pleased that communities like City of St. Charles were so receptive to Economic Development Week and I look forward to celebrating the hard work that is achieved within the field of economic development with you all for many years to come.

 
Economic Development Active at Recent ICSC Trade Show

The City's Economic Development team recently represented St. Charles at the International Council of Shopping Centers (ICSC)  RECon Trade Show.
 
RECon is the global convention for the shopping center industry and provides networking, deal making and educational opportunities for professionals from around the world.  The show had over 36,000 attendees and 1,000 exhibitors.
 
David A. Leezer , Director of Economic Development, said once again, this was a successful effort.  "Not only did we talk to major retailers that will eventually announce their intentions to invest in St. Charles, but we supported key allies like Cullinan Properties , The DESCO Group and American Commercial Realty ."
 
"Our partnership with these developers gives credibility to our marketing efforts," Leezer stated.  "We attend to demonstrate the superior attributes of St. Charles while supporting the developers that have invested in our community."
 

Department Welcomes Intern Brandon Bradshaw

This summer, the City's Economic Development Department will have a new face working in its office. Brandon Bradshaw, a sophomore Computer Information Systems major (and a minor in Economics) at Missouri State University, will be assisting the department.
 
Brandon's primary duties will be to develop a competitive assessment template for the department to improve its overall standings and market the City's superior attributes. He will also be assisting in efforts like our Regional Investors Breakfast and our social media outreach campaigns.
 
A graduate of Fort Zumwalt South High School, Brandon is an Eagle Scout and received a Future Business Leaders of America State Award. He also is on the Dean's List at college.
 
His goal is to gain admissions into Missouri State University's Department of Defense and Strategic Studies graduate program in Washington D.C.

Featured Property - 3600 Mueller Road

Keith Schneider and Joe Schneider of Cushman Wakefield offers this one of a kind industrial building located in the heart of the growing St. Charles  manufacturing and logistics area.
 
3600 Mueller Road is a 62,000 SF complex with 41,000 SF of manufacturing space and 21,000 SF of adaptable office area that is wet-sprinklered throughout.  The building provides approximately 200 parking spaces.
 
The open ceiling office section provides:
  • Two sets of restrooms including showers/locker rooms
  • IT room with dedicated HVAC and fire suppression systems
  • Natural gas back-up generator (200 Amp) 
 The manufacturing area has unmatched amenities like:
  • 20' clear ceiling height
  • 40'x 40' bay sizes
  • Two 3-ton cranes (120' and 80' Lengths x 40')
  • 50'x40' mezzanine storage area
  • Heavy 3-phase 480 volt power including two 800 Amp
  • Bus Ducts
  • Two 8'x10' dock / high loading doors with levelers
  • Two 12'x15' drive-in loading doors
Easy access to multi-lane Highway 370 allows for convenient connections to Interstates 70 & 270. This versatile building can meet almost any manufacturing need. To find out more, contact Keith Schneider or Joe Schneider of Cushman Wakefield at 636-949-9797.
 


Sincerely,

Your Economic Development Team  
David Leezer,   Travis Wilson and Susie King