Ranging across two great rivers and two state lines, the St. Louis region is woven together by the daily interactions of businesses and the talented people who work for them. Greater St. Louis, the nation’s 23rd largest metro, is one of the largest regional economies in the U.S., with a gross metro product of $210 billion.
Competitive Advantages
Throughout its history, St. Louis was founded as a trading center, grew into a manufacturing powerhouse, expanded its service sector, and developed into the major tech hub it is today. The St. Louis region has competitive strengths in advanced manufacturing, bioscience and health innovation, digital transformation, financial and business services, and mobility and transportation.
Diverse Economy
The region ranks as the third most economically diverse U.S. metro area mirroring the national industry mix. Global headquarters and major corporate divisions value St. Louis’ diversified economy, featuring leading tech, science, financial, aerospace, and mobility sectors. Here, in addition to wide ranging and educated talent, they have access to a supportive ecosystem of service providers, a strategic location, and robust, reliable transportation infrastructure. And because the cost of living is substantially lower than that of its competitors, the region offers companies a lower cost of labor.