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Missouri Has Gained 50,900 Jobs Over the Last 12 Months
ST. LOUIS, MO, (SLFP.com), November 20, 2016 - The October jobs report, released Thursday by the Missouri Department of Economic Development, showed that the state's unemployment rate has dropped to 5.1 percent. The report also showed Missouri gained 50,900 jobs over the past 12 months and that 2,838,500 Missourians are now employed - another record high set during the Governor's administration.
In addition, Boeing, Missouri's largest manufacturer, announced on Tuesday that it would add 500 positions at its manufacturing facility in St. Louis over the next four years. St. Louis is home to the Boeing Defense, Space & Security division, which produces military aircraft and weapons systems, employs about 14,700 workers in the region, and is supported by more than 500 suppliers and vendors throughout the state.
"The latest jobs report showing a record number of Missourians working and the 50,900 jobs gained in one year demonstrates the significant growth we continue to make, helped by our investments in quality education, workforce training and economic development incentives," Gov. Nixon said.
"That good news was bolstered by the Boeing announcement," the Governor continued. "Missouri has been a leader in manufacturing growth, thanks to our investments in workforce training and strong partnerships with global companies like Boeing. I greatly appreciate the continued investments Boeing has made in Missouri and the hundreds of new jobs they are continuing to create for area families. Missouri is hard at work, building what the world wants and strengthening our economy for the future."
The Boeing positions are in addition to the 700 jobs that the company previously announced would be generated in St. Louis at the new composites manufacturing facility for the 777X passenger plane. With that expansion, the company is investing $300 million at the facility, which will produce commercial airplane parts for the first time in St. Louis.
In 2013, Gov. Nixon called the General Assembly into special session to help Missouri compete for production of the 777X, Boeing's next-generation commercial aircraft. In less than five days, Senate Bill 1 was passed in overwhelming bi-partisan fashion by both the Senate and the House. Gov. Nixon joined Boeing executives and employees earlier this year to celebrate the opening of the company's new composite center that will house parts manufacturing for the 777X.
Other investments made during Gov. Nixon's tenure include a 2014 announcement by Boeing for plans to bring an additional 500 jobs to St. Louis for service and support of the Lockheed Martin F-22 Raptor aircraft. Additionally, in 2013, Boeing announced the creation of an information technology center, resulting in at least 400 new information technology jobs. That same year, Boeing also announced that it would bring up to 400 research and technology jobs to St. Louis.
Commercial Real Estate Leader to Create 600 New Jobs in Missouri
ST. LOUIS, MO, (SLFP.com), October 14, 2016 - Cushman & Wakefield U.S. Inc. has announced plans to embark on a $17.4 million expansion.
"Cushman & Wakefield is a respected leader in commercial real estate and these hundreds of new jobs is a big win for St. Louis," Gov. Jay Nixon said in a release. "This significant investment and continued growth is a testament to the strength of Missouri's positive business climate for professional services companies."
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Cushman & Wakefield U.S. Inc., a global leader in commercial real estate services, plans to open an additional 90,000 sq. ft. office in Town and Country. Cushman & Wakefield has been in St. Louis for 90 years, with more than 900 employees already in the area. The company's global headquarters is located in Chicago with regional headquarters in New York City, London, and Sydney.
"This is another example of an industry leading national firm moving good paying positions to St. Louis County," said St. Louis County Executive Steve Stenger. "It is clear that people are discovering the great business climate and outstanding quality of life in St. Louis County."
"Downtown St. Louis is enjoying a renaissance spurred by growth up and down Washington Avenue," said St. Louis Mayor Francis Slay. "I am proud to welcome some of Cushman Wakefield's new additional employees to the City of St. Louis office. They will add to the energy in the district."
"This expansion is a clear indication of our dedication to the St. Louis community, our employees, and our clients," said Joe Stettinius, Cushman & Wakefield Chief Executive, Americas. "Over nine decades, our employees in St. Louis have played a crucial role in the growth of our firm, from both a local and global perspective."
Cushman & Wakefield is among the largest commercial real estate services firms with revenues of $5 billion. The firm operates approximately 250 offices in more than 60 countries and has 43,000+ employees.
"We are pleased that we were able to work with Cushman & Wakefield to ensure that not only were over 900 jobs retained in Missouri, but that an additional 600 will be created here," said Steve Johnson, CEO of Missouri Partnership. "Missouri's skilled labor and the competitive cost of business was key to Missouri keeping and growing a great company."
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