2011 budget summary - St. Louis County

St. Louis CountyEconomic CouncilDenny Coleman, CEcD, FM, President & CEOwww.slcec.com(314) 615-7663OVERVIEWEconomic Council MissionTo lead in the development and growth of longterm,diversified business and employmentopportunities by creating innovative solutions thatgenerate increased wealth and enhanced quality oflife for the citizens, businesses and institutions of St.Louis County and the region.Strategic Priorities• Identify and assist key business developmentprojects.• Become the Midwest-China air hub.• Enhance communications.• Entrepreneurship development throughtraining, mentoring and expanded businessincubation.• Identify and support major real estate projects.Department Resources Employed2009Actual2010Adj.Approp2011AdoptedAppropStaffing (Positions) 0 0 0• In June 2010, Liberty Mutual announced it willexpand its St. Louis operations and create 100jobs over the next two years.• Celebrated the grand opening of ExpressScripts’ Technology & Innovation Center in June2010, which created approximately 300 jobs.• Centene employees moved into the newheadquarters in September 2010 (In June,Armstrong Teasdale moved in.) Centene willadd 800 jobs over seven years.• Leinco Technologies reversed its decision torelocate to Florida when St. Louis County,Missouri Department of Economic Developmentand Missouri Technology Corporation quicklyput together a package that allowed Leinco torelocate within St. Louis County, purchase abuilding in Fenton and expand its operations.The company plans to create 48 jobs with anaverage salary of $65,000.• National Archives and Records Administration(NARA) held groundbreaking in June 2010;approx. 800 jobs retained.Resources Required $2,754.7 $3,204.7 $3,361.6(-) Program Revenue 0.0 0.0 0.0(-) Dedicated Funds 0.0 0.0 0.0(=) Net Cost to County $2,754.7 $3,204.7 $3,361.6MAJOR ACCOMPLISHMENTSKey business development projects• Edward Jones celebrated the opening of itsSouth Campus expansion in January 2010.• Panera Bread announced in May 2010 it willmove into an expanded 90,000-square-footheadquarters in South County and create up to200 jobs over the next five years.In 2010, Express Scripts (top) celebrated the grandopening of its Technology & Innovation Center inNorth County, and Edward Jones (bottom) celebratedits headquarters expansion on its South Campus.- 114 -