Prosperous

A prosperous St. Louis region will promote economic growth that supports our local communities and equitably benefits all of the regions citizens. Prosperity capitalizes and builds upon our unique regional assets to create a resilient economy that is strong both nationally and globally.

Residents and regional leaders stress the importance of a strong economy for the sustainability of the region. Compared to other major metropolitan regions, St. Louis is in the middle of the pack with respect to many economic and social characteristics, including education levels, income growth, and poverty rates. The recent recession impacted St. Louis about as much as it did the nation as a whole, as measured by changes in employment levels and housing price. St. Louis, like many regions, is redefining its niche in the global marketplace after decades of losing manufacturing jobs and corporate headquarters.

St. Louis has unique assets, many of which are related to its geographic location. OneSTL partners will continue to work together to strengthen and support existing coordinated economic development efforts, increase the use of sustainable practices in government and businesses that protect our natural resources, focus on quality jobs and the local economy and reduce racial disparities in economic opportunities.

Indicator Definition Desired Trend Baseline Current

Economic Resiliency

Diversity of employment by sector, measuring the ability of the economy to adapt to change (1= high resiliency and 0= low resiliency)

Up 2010

0.888

2014

0.896

Access to Jobs

Percent of residents living within a reasonable travel time to work

Up 2006-
2010

88.0%

2011-
2015

87.5%

Poverty

Percent of residents living in poverty

Down 2010

12.9%

2015

12.2%

Quality Jobs

Percent of jobs with a median wage higher than self-sufficiency wage for a 1 adult, 1 child household

Up 2010

39.5%

2015

38.3%

Employment

Number of full-time equivalent (FTE) jobs

Up 2010

1,117,934

2015

1,169,019

Unemployment

Unemployment Rate

Down 2010

9.5%

2015

5.0%

Income

Personal income per capita (in 2015 dollars)

Up 2010

$ 45,677

2015

$ 48,977

GMP

Gross Metropolitan Product - the market value of all goods and services produced in the region (2009 chained dollars)

Up 2010

$ 132.2
billion

2015

$ 138.5
billion

Racial Disparity

Ratio of white median household income to black median household income

Down 2010

1.88

2015

1.86