Economic Development Organizations in St. Louis
I have hesitated to write about this topic but here goes. As locals know, the President of the Regional Chamber, Joe Reagan has been under fire in the community and with his staff. Anonymous letters have been leaked to the newspapers. It is far beyond my pay grade to comment on Mr. Reagan or his organization.
The bigger picture, which has always fascinated me, is what to these organizations do? I am not sure. Dick Fleming, Reagan’s predecessor, was always bragging about his accomplishments, but population and jobs actually went down under his tenure. Do Chambers of Commerce make any sense in a worldwide economy?
I have also heard that the St. Louis Economic Development Partnership; a collaboration of the city and county economic development agencies is a mess. The leader of this organization is Rodney Crim. My source tells me the only thing they have accomplished is increasing salaries and high level staff.
The St. Charles County Economic Development Council, led by Greg Prestemon largely because they provide a business incubator. Greg and his staff have been supportive of innovative business change in St. Charles County including Workforce Housing.
I will write more about this subject in the future. The studies of researchers for years have shown that government economic development efforts do little and may actually operate at a net loss. Factors such as an educated workforce, progressive attitudes toward minorities and gay/lesbian populations does more than tax or other incentives to bring business. Written by Paul Dribin