
This article was published by REBuisness Online on September 12, 2024.
The St. Louis regional industrial market continues to be a magnet for investment, with significant capital investment dollars flowing into four target industry sectors that remain key drivers of the bi-state economy. These sectors include metals, advanced manufacturing, food and AgTech, and chemicals. They are legacy industry sectors poised for continued innovation, job creation and economic diversification, in part due to the region’s exceptional logistics and transportation assets and established talent pipelines.
The St. Louis metropolitan area ranks second in the United States for mineral and ore exports. With more than $2.9 billion exported in 2022, the figures prove the market is well established for metals manufacturing, processing and shipping. The metals market is expected to grow with nearly 17,000 metals industry workers already in the region, and with copper supplier Wieland making a $500 million investment at its East Alton, Illinois, facility — a move that will retain 800 jobs in the region.
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