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Issue: 965 Date: 2/19/2009
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Gateway to the East: St. Louis Looks to Become a Hub for Trade with China
Slay on St. Louis Economy, Downtown Development
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Turning St. Louis into a hub for China's Midwestern trade, deemed the "Big Idea," is still in its beginning stages, but it already has one major supporter. Seung Kim, director of the Boeing Institute of International Business at Saint Louis University's John Cook School of Business, thinks the hub has a 60 percent chance of success and would stimulated growth in the area. If the idea progresses, St. Louis could become the "third point of entry" into the U.S. between the coasts, said Richard Fleming, president and CEO of the St. Louis Regional Chamber and Growth Association.
Slay on St. Louis Economy, Downtown Development
St. Louis Mayor Francis Slay spoke openly about the St. Louis economic landscape and downtown developments such as Ballpark Village. Slay admitted that the revitalization of downtown is more challenging now that the economy has slowed down, but it's not going to keep developers from planning big. Slay also wants businesses to create new jobs, not just shuffle jobs around. |
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