Economic and Demographic Overview

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Economic and Demographic Overview
Economic and Demographic Overview
ST. LOUIS
Economic and Demographic Overview
ECO NO MIC AND DEMO G RAPHI C O VERVIEW

    The St. Louis Metropolitan Statistical Area (MSA) is the 20th largest metro area in the U.S., the               St. Louis ranked 5th in
    largest metropolitan area in Missouri, and the second largest in Illinois. Comprised of 8,458                  “Best Cities for Jobs”
    square miles in 15 counties, seven in Missouri and eight in Illinois, it is located in the center of
                                                                                                                        Glassdoor, 2017
    the U.S. at the confluence of the Mississippi and Missouri Rivers. Greater St. Louis boasts an
    affordable cost of living, a diverse economy with a lower than average cost of doing
                                                                                                                   St. Louis named among
    business, and a well-educated workforce.
                                                                                                           “Best Places for Business and Careers”
                                                                                                                          Forbes, 2016

                                                                                                                 Greater St. Louis ranked 18th
                                                                                                                    “Best Metro Area for
                                                                                                                    STEM Professionals”
                                                                                                                       WALLETHUB, 2017

                                                                                                                     St. Louis ranked 7th
                                                                                                                “Most Affordable Large City
                                                                                                                         in the U.S.”
                                                                                                                          Forbes, 2017

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Economic and Demographic Overview
ECO NO MIC AND DEMO G RAPHI C O VERVIEW

ST. LOUIS ECONOMY FACTS

Originally established as a trading center, manufacturing then grew significantly in
the region. In the past twenty years the service sector has diversified and expanded. Four key
industry clusters are propelling future job creation in St. Louis.

• Bioscience
• Financial and Information Services
• Health Sciences and Services
• Multimodal Logistics and Advanced Manufacturing

The financial services and information technology services cluster employs more than 90,000
people in 6,200 companies while 6,500 health care companies employ about 200,000 people.
Approximately 70,000 are employed by hospitals in the region.

There are more than 103,700 companies in St. Louis that employ over 1.4 million people.
Sixteen Fortune 1000 companies are headquartered in St. Louis—nine of those are Fortune
500. With over $100 billion in revenue, Express Scripts Holding remains the highest-ranking
company in St. Louis, and in Missouri.

Lambert-St. Louis International Airport has an overall community impact of
$3.6 billion annually. It supports 25,000 jobs through airlines, vendors, service organizations
and the city of St. Louis.

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Economic and Demographic Overview
ECO NO MIC AND DEMO G RAPHI C O VERVIEW

    ST. LOUIS ECONOMY FACTS

    Tourism is ranked the sixth top industry in the area. St. Louis warmly welcomes almost 26
    million visitors annually who spend $5.4 billion and support over 86,000 jobs whether as a
    vacation, business or other destination.

    Scott Air Force Base located in St. Clair County near Belleville, Illinois employs 14,800 people
    with an annual economic impact of $4 billion. The base also indirectly supports 40,000 jobs in
    the Greater St. Louis Metropolitan Area.

    The world’s largest aerospace company, Boeing, is the fifth largest employer in
    St. Louis with over 15,000 employees and is the largest manufacturer in the state.

    The St. Louis Gross Metropolitan Product (GMP) was $161 billion in 2016, a 4.2% increase
    from 2015, ranking St. Louis 21st among U.S. regional economies in GMP, ahead of Charlotte,
    Pittsburgh and Riverside.

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Economic and Demographic Overview
ECO NO MIC AND DEMO G RAPHI C O VERVIEW

POPULATION                                                                    UNEMPLOYMENT                                                INCOME

The St. Louis MSA population increased                                        As of July 2017, the St. Louis MSA monthly                  Income for St. Louis MSA residents has
9.7% from 1990 to 2016 growing from                                           unemployment rate was 4.0%, down .9%                        risen steadily over the past several years.
2,599,893 to 2,827,124 residents. The area                                    from one year ago with projections for                      From 1990 to 2016 the median household
population is projected to reach 2,909,110                                    continued improvement. Moody’s reports                      income in the area rose from $31,774 to
people by 2021, a 2.9% increase.                                              that Greater St. Louis will see job growth of               $57,480. The median household income is
                                                                              2.2% in 2017.                                               projected to reach $66,619 by 2021, up
The Greater St. Louis population is projected
to reach 3.3 million by 2060, an 18%                                                                                                      11.5% from 2016.
increase over 2010.

POPULATION TREND                                                              ANNUAL UNEMPLOYMENT                                          MEDIAN HOUSEHOLD
– ST. LOUIS MSA                                                               RATES – ST. LOUIS MSA                                        INCOME– ST. LOUIS MSA

                                                                                                                                                                                       $66,619
                                                                  2,909,110

3,000,000                                                                     12%                                                          $70,000

                                                                                                                                                                            $57,480
                                                                                                                                           $65,000
                                                     2,827,124

2,900,000
                                        2,787,701

                                                                                                                                           $60,000
                                                                               9%
                                                                                                                                           $55,000

                                                                                                                                                                 $44,555
2,800,000
                           2,675,294

                                                                                                                                           $50,000
                                                                               6%
                                                                                                                                           $45,000
2,700,000
              2,560,298

                                                                                                                                                      $31,774
                                                                                                                                           $40,000
                                                                               3%
2,600,000                                                                                                                                  $35,000

                                                                                                                   Unemployment Rate       $30,000

2,500,000                                                                      0%                                                          $25,000
             1990         2000         2010         2016         2021*              07   08   09   10   11   12   13   14   15   16 17*              1990       2000       2016       2021*

*PROJECTED

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Economic and Demographic Overview
ECO NO MIC AND DEMO G RAPHI C O VERVIEW

    MULTIFAMILY PERMITS                                              ABSORPTION/CONSTRUCTION

    As of July 2017, 658 multifamily permits had                     In July 2017 a total of 658 units had been
    been issued in the St. Louis Metro Area.                         constructed and a total of 1,000 units is
                                                                     expected by year-end.

     MULTIFAMILY PERMIT                                              NEW CONSTRUCTION VS.
     ACTIVITY – ST. LOUIS MSA                                        ABSORPTION – ST. LOUIS
                                                                     METRO APARTMENT MARKET

                                                                                                                       1,506
      3,000                                                            1750

                                                                                                                                               1,345
                                                                                                  1,277
                                              2,495

                                                                                                                                            1,250
                                                                       1500
                                                       2,333
                                      2276

                                                                                                                                                             1,000
                                                                       1250
      2,400

                                                                                                                                     848
                                                                       1000           846
                                                                                782

                                                                                                                 726
                                                                              676

                                                                                            658

                                                                                                                                                       658
                                                                        750

                                                                                                                               455
      1,800
                                                                        500
                       1299

                                                                        250

      1,200
                                                                          0
                               729
                728

                                                                                                                                           Construction
                                                               658

                                                                       -250
                                                                                                          -250

                                                                                                                                           Absorption
        600                                                            -500
               2011   2012    2013   2014    2015     2016 2017*              2011    2012        2013           2014          2015        2016 2017*

    *JULY 2017 - National Association of Home Builders               *PROJECTED

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Economic and Demographic Overview
ECO NO MIC AND DEMO G RAPHI C O VERVIEW

VACANCY                                                          RENT

The average apartment vacancy rate for the                       The average rent paid has increased more
St. Louis Metro area in 2016 was 6.7%                            than 32% between 2010 and August 2017.
according to the Department of Numbers.

AVERAGE APARTMENT                                                AVERAGE APARTMENT RENT
VACANCY RATE                                                     – ST. LOUIS METRO MARKET
– ST. LOUIS METRO MARKET

      9                                                           $1,100

                                                                                                                             $992
                                                                                                                      $983
    8.5

                                                                                                              $945
                                                                  $1,000
                  7.9%

                                  7.8%

                                                                                                      $888
      8
                                                                    $900

                                          7.4%

                                                                                              $824
    7.5

                                                                                      $774
                                                                              $762
           7%

                                                                    $800

                                                          6.7%
      7
                                                  6.6%
                          6.5%

                                                                    $700
    6.5

      6                                                             $600
          2010   2011    2012    2013    2014    2015    2016              2011      2012    2013    2014    2015    2016 2017*

DEPARTMENT OF NUMBERS                                            *JULY 2017

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Economic and Demographic Overview
ECO NO MIC AND DEMO G RAPHI C O VERVIEW

                                                                                               ST. LOUIS AREA LARGEST EMPLOYER
    ECONOMY/EMPLOYMENT
                                                                                               – ST. LOUIS
    The cost of doing business is significantly lower in the St. Louis region compared to    BJC Healthcare                                   24,182
    similarly sized regions. Accounting firm KPMG has listed the
                                                                                             Wal-Mart Inc                                     22,006
    St. Louis area as the 9th most cost-competitive large metropolitan area to conduct
                                                                                             SSM Health Care                                  15,949
    business in, based on a variety of factors. Both Missouri and Illinois offer a host of
    different incentives and tax credits to encourage business formation and investment.     Washington University in St. Louis               14,692
                                                                                             Boeing Defense, Space & Security                 14,617
    The St. Louis metro workforce of more than 1.4 million provides a great range of
    available education, skills and experience. Businesses have access to a wealth of        Mercy Health                                     13,715
    highly educated and trained talent at wages below U.S. averages. For a metropolitan      Scott Air Force Base                             13,000
    area its size, St. Louis has very competitive wage rates, representing a cost
                                                                                             Schnuck Markets, Inc.                            10,897
    advantage for firms operating in this market.
                                                                                             Archdiocese of St. Louis                         10,460
    Greater St. Louis has a strong and diverse economy, which includes medicine,
                                                                                             AT&T                                             10,015
    biotechnology and research. About 35% of those employed in the region—500,000
    people—are employed in the Technology Corridor, extending about 36 miles in              ST. LOUIS BUSINESS JOURNAL, 2016 BOOK OF LISTS
    Missouri and 15 miles in Illinois.

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Economic and Demographic Overview
ECO NO MIC AND DEMO G RAPHI C O VERVIEW

EDUCATION

The St. Louis Metro Area has a wide range of higher education institutions
consistently turning out new entrants into the workforce while providing extensive
opportunities for continuing education and training for employees and businesses.
More than 30 four-year colleges and universities in the area enroll about 125,000
students each year.

Two national research universities call St. Louis home—Washington University and
St. Louis University. Both institutions are known nationally for leading medical
research and beyond. Over 30% of residents 25 years or older have earned a
bachelor’s degree or higher.

  ST. LOUIS MSA LARGEST COLLEGES AND UNIVERSITIES – ST. LOUIS
St. Louis Community College                                                        19,052
University of Missouri-St. Louis                                                   17,014
Washington University in St. Louis                                                 15,130
Southern Illinois University Edwardsville                                          14,142
Saint Louis University                                                             12,280
Lindenwood University                                                              10,750
Lewis and Clark Community College                                                   7,421
St. Charles Community College                                                       6,822
Webster University                                                                  5,439
Southwestern Illinois College                                                       4,172

ST. LOUIS BUSINESS JOURNAL, BOOK OF LISTS 2016

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Economic and Demographic Overview
ECO NO MIC AND DEMO G RAPHI C O VERVIEW – DEVELO PMENT / CO NST RUCT IO N

     Creating Jobs and Building a Better Metro Area

     BALLPARK VILLAGE                                                            NATIONAL GEOSPATIAL-INTELLIGENCE AGENCY

     A $220 million, 550,000-square-foot phase II project will include a         The NGA has selected North St. Louis as the location for its new 97-
     luxury high-rise residential tower with 300 units; retail, restaurant and   acre campus. The location for the $1.75 billion project was selected
     entertainment space along with structured parking; and the first            based on environmental, cost and policy advantages; partnerships
     Class-A office building in almost 30 years. It will create 2,500 new        with universities and innovative technology companies; access to
     jobs upon completion in 2019. Ballpark Village is the first sports          talent; and proximity to its data facilities and current and future
     anchored entertainment district in the Greater St. Louis                    workforce. Completion of the project including a 700,000-square-foot
     Metro Area and is located next to Busch Stadium, home of                    main building, parking garage and green space with walking paths is
     the St. Louis Baseball Cardinals.                                           expected in 2025.

                                                                                 UNIVERSITY CITY LOOP TROLLEY

                                                                                 The Loop Trolley is a 2.2-mile fixed-route electric trolley in
                                                                                 St. Louis and University City, which will link the Delmar Loop to the
                         Photo To Come                                           world-renowned Forest Park. The $51 million project will connect
                                                                                 area neighborhoods, provide environmentally friendly transportation,
                                                                                 support tourism and promote economic development. The Trolley is
                                                                                 scheduled to begin running in Fall 2017.
     GATEWAY ARCH PARK
                                                                                 UNION STATION
     The last phase of the $380 million project—the new Arch museum
                                                                                 The historic and beloved St. Louis Union Station is undergoing an
     including a 46,000-square-foot expansion—is slated for completion in
                                                                                 ambitious $150 million renovation and expansion. A 65,000-square-
     Summer 2018. The Luther Eli Smith Square, the riverfront, the Arch
                                                                                 foot aquarium is slated to open in 2019 after completion of the
     park grounds and Keiner Plaza are all open. The development will
                                                                                 gateway light tunnel with 3-D animation and an additional 30,000
     have a lasting economic, social, environmental, educational and
                                                                                 square feet of event space.
     recreational impact.

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ECO NO MIC AND DEMO G RAPHI C O VERVIEW – DEVELO PMENT / CO NST RUCT IO N

Commercial Development Spurs Growth – ST. LOUIS COUNTY

ALINEA TOWN & COUNTRY                                                  CENTENE CENTRE

The Alinea is a 254-unit apartment complex conveniently located in     The Centene campus expansion is a $770 million development
the suburb of Town & Country on Daylight Drive. The developers are     located in Clayton’s central business district where Forsyth and
Tristar Companies and Balke Brown Transwestern.                        Hanley meet. When complete it will provide 3.3 million square feet of
                                                                       combined office space, residential living, ground level retail,
AMAZON DISTRIBUTION CENTERS                                            structured parking, a hotel and a civic center with auditorium. The
Amazon has leased 448,000 square feet of warehouse space in the        first phase of the project is a 28-story office building with a parking
Hazelwood Logistics Center where the company plans to hire more        structure that will be completed in 2020. Clayco is the construction
than 350 people. Amazon has already opened two fulfillment centers     company and Cushman & Wakefield will manage leasing.
in Edwardsville, IL employing over 1500 people.
                                                                       CLAYTON AND HANLEY

                                                                       A development by GBT Realty Corporation is planned for the
                                                                       prominent corner of Hanley and Clayton Roads. Vacant for almost 20
                                                                       years, the 750,000-square-foot development will be more than half
                                                                       residential units with a 763-space parking garage, a 30,000 square
                                                                       foot grocer and an additional 10,200 square feet of retail and
                                                                       restaurant space.

                                                                       CLAYTON 8500 MARYLAND AVENUE
THE BOULEVARD
                                                                       A 229-unit residential five- to six-story building atop a two level, 355-
Construction of the second phase of The Boulevard development is
                                                                       space parking garage along with 5,000 square feet of street level
scheduled to begin in 2018 with completion slated for 2019. Condor
                                                                       retail space is planned by Covington Realty Partners at the edge of
Property and Edwards Realty are developing the $100 million project,
                                                                       Clayton.
which includes 200,000 square feet of retail space, 75 apartments
and 100,000 square feet of office space with a connected parking
garage. It is centrally located on Brentwood Boulevard just north of
Highway 64.

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ECO NO MIC AND DEMO G RAPHI C O VERVIEW – DEVELO PMENT / CO NST RUCT IO N

     Commercial Development Spurs Growth – ST. LOUIS COUNTY

     CLAYTON NORTH CENTRAL AVENUE                                             TWO TWELVE

     A $41 million mixed-use project is planned for the corner of North       The $75 million development located on South Meramec in Clayton
     Central and Maryland Avenues in downtown Clayton. Opus is the            is a new 26-story residential tower with 250 units, a four-level parking
     developer of the 210,000-square-foot building, which includes 120        garage and street level retail developed by CA Ventures of Chicago
     apartments, 13,500 square feet of street level retail, and 145 below     and White Oak Realty Partners of Rosemont, Ill.
     grade parking spaces.

     EVO APARTMENTS                                                           THE VUE AT CREVE COEUR

     The $54 million luxury 281-unit apartment building sits prominently at   The Vue at Creve Coeur is a new luxury apartment development with
     Interstate 64 and Brentwood Boulevard. Built by Draper and Kramer        186 units. The complex was developed by Orange County based-
     of Chicago, the community has a unique four-story parking garage         BCC Capital Partners.
     that allows direct access from each level of the apartment building.
                                                                              WORLD WIDE TECHNOLOGY
     The developer plans to build a total of 800 units by 2020.
                                                                              The second largest privately help company in the Greater
     MONSANTO                                                                 St. Louis Metro area has built a new 210,000-square-foot
     The agricultural biotech giant is completing a $400 million expansion    headquarters located in Westport Plaza in Maryland Heights. The
     of its Chesterfield Village Research Center. The greenhouse              $90 million project includes a 10-story office building for more than
     structure is 105,000 square feet, with 13 open greenhouses and 23        1,000 employees, a 743-car parking garage and an outdoor concrete
     bench-format greenhouses. They allow for very controlled research,       plaza. The building is a joint project between LHM and World Wide
     with better air-control over both temperature and humidity. About        Technology to revitalize Westport, an existing business and
     1,100 employees work at the facility currently. When the new building    entertainment district.
     is complete, there will be room for about 2,000. Alberici is the
     construction manager for the project.

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ECO NO MIC AND DEMO G RAPHI C O VERVIEW – DEVELO PMENT / CO NST RUCT IO N

Commercial Development Spurs Growth – ST. LOUIS CITY

BJC HEALTHCARE                                                           CORTEX

The Campus Renewal Project is a long-term $1.2 billion project to        The Cortex Innovation Community is a collaboration of Washington
transform Washington University Medical Center through new               University in St. Louis, Saint Louis University, University of Missouri-
construction and renovations. Campus Renewal is a partnership            St. Louis, Barnes-Jewish Hospital Foundation, and the Missouri
between Barnes-Jewish Hospital, St. Louis Children’s Hospital and        Botanical Garden. It is building one of the country’s largest innovation
Washington University School of Medicine. It includes construction of    districts. More than $550 million has been invested to date with a
almost 2 million square feet of new space and renovation of more         projected $2.3 billion total investment after the completion of five
than 250,000 square feet and will generate thousands of new jobs.        phases. Currently more than 250 companies employ 4,200 people in
                                                                         technology-related jobs in more than 1.7 million square feet of new
                                                                         space.

                                                                         DAGGETT COMPLEX ON THE HILL

                                                                         Construction of a new residential development including 225
                                                                         apartments, 49 town homes, 45 condominiums and 20 single family
                                                                         homes is expected to begin by the end of 2017 with the first phase
CITIZEN PARK
                                                                         complete in 2018. Sansone Group and Draper and Kramer are
Opus is the developer of the luxury apartment building with 217 units.   developing the project on 11 acres located on The Hill at 4932
It is located at 4643 Lindell Boulevard across the street from the       Daggett Avenue. The development will be within walking distance to
famous St. Louis Cathedral Basilica in the heart of the Central West     many locally owned restaurants and stores.
End.
                                                                         THE EUCLID
CLARK SCHOOL APARTMENTS
                                                                         Located at 40 North Euclid in the Central West End, The Euclid is a
Another development is underway on the Delmar Divide. Helix Realty       new 60-unit boutique apartment building developed by Koman
is transforming William Ittner’s historic Clark School on Union          Group.
Boulevard into 44 market rate apartments. The elaborate building
with intricate diamond patterned brickwork, copper domed towers
and gabled entrances, is on the National Register of Historic Places.

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ECO NO MIC AND DEMO G RAPHI C O VERVIEW – DEVELO PMENT / CO NST RUCT IO N

     Commercial Development Spurs Growth – ST. LOUIS CITY

     IKEA ST. LOUIS                                                          SAINT LOUIS UNIVERSITY HOSPITAL

     The only IKEA store in Missouri and for hundreds of miles around        Ground has been broken for the new state-of-the-art SSM Saint
     was built on 21 acres along Interstate 64 and Vandeventer Avenue in     Louis University Hospital, slated to open in 2020. The new 600,000-
     Midtown’s Cortex Innovation Community. The 380,000-square-foot          square-foot, 10-floor hospital will have 316 private patient rooms. A
     IKEA store and restaurant destination opened in 2015 and draws          four-story, 200,000-square-foot outpatient facility, a large parking
     hundreds of thousands of visitors annually.                             garage and expanded emergency department with its own parking lot
                                                                             are also part of the new development located on Grand Avenue
                                                                             along Highway 44.

                                                                             SEVENTH & VICTOR

                                                                             Located in the Soulard Local Historic District and the Soulard
                                                                             National Register Historic District, construction of the 118-unit
                                                                             apartment building with 59 parking spaces is underway and being
                                                                             developed by Whistler One LLC.
     ONE HUNDRED KINGSHIGHWAY

     This new 36-story apartment building will rise above its counterparts   SOULARD ICEHOUSE
     in the Central West End. The 305-unit, 540,000-square-foot              Located in the old Polar Ice factory, Phase II of Soulard IceHouse is
     development by Mac Properties will overlook the picturesque Forest      underway. Developer Asprient Properties is adding to the existing 42
     Park and includes a 355-car parking garage, 880 square feet of retail   units located on 9th Street in the heart of Soulard within walking
     space and 6750 square feet of amenity space. Completion is slated       distance to many restaurants, bars, entertainment venues and the
     for 2019.                                                               famous Soulard Farmer’s Market.

     THE PIAZZA ON WEST PINE PHASE II

     The Piazza on West Pine is expanding with a Phase II slated for
     completion by Cornerstone Properties in the summer of 2018.

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ECO NO MIC AND DEMO G RAPHI C O VERVIEW

TRANSPORTATION

St. Louis has some of the best highway access in the nation according to the Regional
Transportation St. Louis District U.S. Army Corps of Engineers. Major highways and interstates
run through the area. It is home to a broad public transportation system, an international airport
and a national port.

HIGHWAYS AND INTERSTATES

Seven major interstates and highways go through the Greater St. Louis Metropolitan Area: I-44,
I-55, I-64, I-70, I-170, I-255 and I-270.

PUBLIC TRANSPORTATION is operated by Metro, the region’s extensive public transportation
system. The Metro System includes MetroLink, the light rail system, MetroBus and Metro Call-
a-Ride vans. The MetroLink light rail has 46 miles of track, 37 stations and 19 park-ride lots. It
was the second busiest light rail system in the Midwest and one of the largest in the U.S. with
more than 15 million passengers in 2016. Madison County Transit and St. Charles Area Transit
System also align with Metro.

LAMBERT-ST. LOUIS INTERNATIONAL AIRPORT is the largest airport in Missouri, serving
nearly 14 million passengers annually. A $2.6 billion runway expansion and an almost $100
million East Terminal expansion were completed in 2015. It is centrally located just 15 minutes
from downtown St. Louis with on-site access to MetroLink. There are also 12 general aviation
airports in the St. Louis Metro area.

THE PORT OF METROPOLITAN ST. LOUIS

The Port of Metropolitan St. Louis is 70 miles long, includes both sides of the Mississippi River
and is the 17th largest U.S. port. It serves multiple states and cities along Inland Waterway
supporting thousands of jobs in Missouri and Illinois.

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ECO NO MIC AND DEMO G RAPHI C O VERVIEW

     DEMOGRAPHICS

      TOTAL POPULATION                                         AVERAGE INCOME                           MEDIAN INCOME

     2010                                  2,787,701         2010                         $67,868      2010                          $51,603
     2016                                  2,827,124         2016                         $78,213      2016                          $57,480
     2021*                                 2,909,110         2021*                        $90,648      2021*                         $66,619
     Growth Rate (2016 – 2021)                   1.3%        Growth Rate (2016 – 2021)    15.90%       Growth Rate (2016 – 2021)     11.50%

      TOTAL HOUSEHOLDS                                         MEDIAN HOME PRICE                        MEDIAN AGE

     2010                                  1,109,665         June–2016                   $170,300      2010                             37.9
     2016                                  1,117,156         July–2017                   $174,000      2016                             38.9
     2021*                                 1,129,349         Growth Rate Y-o-Y             2.20%       2021*                            39.6
     Growth Rate (2016 – 2021)                 1.10%

      RENT VS OWN                                              RENTER OCCUPIED

     Average Mortgage                                        YEAR                            NUMBER                 PERCENT OF HOUSING UNITS
                                               $1,099
     Payment**
                                                             2010                            325,936                                 29.40%
     Average Rent                                $992
                                                             2016                            338,499                                 30.10%
     Difference                                  $109
                                                             2021*                           348,553                                 29.80%
                                                             Growth Rate (2016 – 2021)                                                3.00%

     *JULY 2017
     **30-YEAR FIXED RATE; 20% DOWN; 4.15% INTEREST RATE; 1.75% PROPERTY TAXES

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ECO NO MIC AND DEMO G RAPHI C O VERVIEW – LO CAT IO N DESCRIPT IO N

The St. Louis region is an ideal location for companies with U.S. distribution networks. It boasts
the third largest rail hub in the nation, and sits at the heart of the U.S. Inland Waterway System.

St. Louis is the most centrally located major metropolitan area for transportation and logistics
operations, positioned near the geographic and population centers of the United States and
within a day’s drive from one-third of the US population. The region’s optimal location provides
quick and efficient transport to the rest of the country. In addition, the lack of congestion in the
region makes for rapid turnaround of freight as it travels into and out of the region.

ECONOMIC SNAPSHOT

Governments and civic organizations throughout the St. Louis region work together across state
lines to attract businesses and investment dollars. They are collaborating on supporting startups
and building the new $670 million I-70 Mississippi River bridge connecting the Missouri and
Illinois portions of the St. Louis region, among other projects.

Economic development organizations throughout the region provide confidential site selection
and advisory services. The St. Louis Regional Chamber covers the entire 15-county, bi-state
metro; and the Leadership Council Southwestern Illinois provides pivotal leadership in the
Illinois counties of Madison and St. Clair, two of the region’s most prominent locations for major
distribution center, rail, barge, airport and pipeline facilities.

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ECO NO MIC AND DEMO G RAPHI C O VERVIEW – LO CAT IO N DESCRIPT IO N

     HEALTH CARE

     MERCY HOSPITAL ST. LOUIS

     • This 962-bed hospital is the only Level One Trauma Center in St. Louis County.

     • Mercy Hospital has all private rooms including those in the Mercy Heart and Vascular Hospital
      and the Mercy Children’s Hospital.

     • The campus also includes the David C. Pratt Cancer Center, a nationally accredited center for
      outpatient treatment, radiation oncology and infusion services for cancer patients.

     BARNES JEWISH HOSPITAL

     • The largest hospital in Missouri has over 1,300 beds and is the top employer in the city.

     • Barnes Jewish Hospital is the adult teaching hospital for Washington University School of
      Medicine and has centers of excellence in heart and vascular care, neurology and
      neurosurgery, orthopedics, Siteman Cancer Center, Spine Center and transplant.

     Other hospitals include Missouri Baptist Hospital, St. Louis Children’s Hospital and Christian
     Hospital.

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ECO NO MIC AND DEMO G RAPHI C O VERVIEW – LO CAT IO N DESCRIPT IO N

RETAIL, LEISURE AND ENTERTAINMENT

St. Louis boasts three outlet malls—St. Louis Premium Outlets and St. Louis Taubman Prestige
Outlets in conveniently located Chesterfield and St. Louis Outlet Mall located in North County.
Other major malls include the St. Louis Galleria, West County and Plaza Frontenac. Whether
you are looking for bargains, outdoor and sporting goods, unusual finds or high-end goods, St.
Louis has some of the best shopping in the Midwest!

Forest Park, voted the number one city park in the U.S., is home to five major cultural
institutions: the St. Louis Art Museum, the St. Louis Science Center, the Missouri History
Museum, The Muny outdoor theatre and the St Louis Zoo—voted America’s number one zoo
and top free attraction in the U.S.

Other area attractions include: Ballpark Village and Busch Stadium, home of the
St. Louis Cardinals, St. Louis City Museum, Scottrade Center, home of the St. Louis Blues
Hockey team, the Gateway Arch, Missouri Botanical Garden, Grant’s Farm,
Fox Theatre, National Blues Museum, Six Flags St. Louis and Hollywood Casino.

St. Louis is a haven for cultural communities and dining. The St. Louis Hill is home to many
authentic Italian restaurants and markets while the Delmar Loop is home to more than 145
specialty shops, restaurant, galleries, clothing boutiques, gift stores, entertainment venues and
a boutique hotel. The Soulard and Lafayette Square areas in St. Louis city are interesting
destinations complete with a farmer’s market, historic homes and unique dining venues.

Recreational facilities are plentiful such as local community centers and gyms and scenic bike
and hiking trails including The Katy Trail, The Great River Road Trail, Grant’s Trail and Creve
Coeur Lake. St. Louis is also home to beautiful golf courses including Normandie Golf Club, the
Highlands Golf and Tennis Center in Forest Park, and Ruth Park, a friendly nine-hole course.

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ECO NO MIC AND DEMO G RAPHI C O VERVIEW – LO CAT IO N DESCRIPT IO N

     EDUCATION

     University of Missouri-St. Louis (UMSL) is a 470-acre campus with over 17,000 students. UMSL
     is the largest public research university in eastern Missouri offering a broad range of
     undergraduate and graduate programs.

     Washington University in St. Louis has over 15,000 students and is a four-year liberal arts
     institution with seven schools for undergraduate and graduate students.

     Other area higher education institutions include Lindenwood University, St. Charles Community
     College, Saint Louis University and Webster University.

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ECO NO MIC AND DEMO G RAPHI C O VERVIEW

SOURCES

BJC                                              https://wallethub.com/edu/best-worst-metro-areas-for-stem-professionals/9200/
Bureau of labor Statistics                       https://www.forbes.com/best-places-for-business/#211bac99745e
Centene                                          https://www.forbes.com/pictures/emeg45effdi/introduction/#5210cea52e27
CityArchRiver                                    https://www.bls.gov/eag/eag.mo_stlouis_msa.htm
Cortex                                           https://www.shrm.org/hr-today/trends-and-forecasting/labor-market-and-economic-data/Documents/stlouis.pdf
Data USA                                         https://www.stlouis-mo.gov/government/departments/sldc/project-connect/nga/about.cfm
Demographics Now                                 http://fox2now.com/2014/08/07/10-reasons-why-st-louis-is-awesome/comment-page-1/
Forbes                                           http://www.huffingtonpost.com/2014/03/21/st-louis-reasons-to-love_n_4993763.html
Fortune                                          https://www.shrm.org/hr-today/trends-and-forecasting/labor-market-and-economic-data/Documents/stlouis.pdf
Glassdoor                                        https://www.bls.gov/regions/mountain-plains/summary/blssummary_stlouis.pdf
IHS Global Insight                               http://www.bestplaces.net/economy/city/missouri/st._louis
Lambert St. Louis International Airport          https://realestate.usnews.com/real-estate/slideshows/the-25-best-affordable-places-to-live-in-the-us-in-2017?slide=9
Metro Transit                                    http://www.stlregionalchamber.com/blog-post/chamber-blog/2017/06/13/st.-louis-is-home-to-nine-fortune-500-
Monsanto                                             headquarters
Moody’s                                          http://www.stlregionalchamber.com/work/talent
Next STL                                         http://fortune.com/fortune500/, Accessed 6/13/17.
St. Louis Business Journal Book of Lists         https://cortexstl.com/who-we-are/
St. Louis Government                             http://www.stltoday.com/business/local/union-station-aquarium-will-be-smaller-and-take-longer-than/article_db63b89b-
St. Louis Post-Dispatch                              0d4f-556a-864d-058b4aa405a0.html
St. Louis Realtors                               https://www.centene.com/centene-clayton-campus-expansion/project-design.html
St. Louis Regional Chamber &Growth Association   https://www.centene.com/centene-clayton-campus-expansion.html
STL Public Radio                                 https://www.bjc.org/Construction/About
STL Gateway                                      https://nextstl.com/2013/08/bjc-may-boost-1st-2nd-phase-expansion-budget-by-150-million-demolition-expected-in-
STLToday                                             november/
The Port of Metropolitan St. Louis               https://www.stlouis-mo.gov/government/departments/sldc/slpa/port-of-metropolitan-st-louis.cfm
Trip Savvy                                       http://www.stlgateway.com/business-climate/logistics-infrastructure/
Union Station                                    http://www.stlgateway.com/business-climate/strategic-location/
U.S. Bureau of Labor Statistics                  http://www.stlgateway.com/business-climate/bi-state-leverage/
U.S. Census Bureau                               www.Stlregionalchamber.com
US News                                          http://www.stlregionalchamber.com/docs/regional-chamber/economic-development/business-environment/st-louis-msa-
                                                     overview.pdf?sfvrsn=2
                                                 http://news.stlpublicradio.org/post/monsanto-opens-high-tech-greenhouses-midst-acquisition#stream/0
                                                 https://www.bjc.org/About-Us/Facts-Figures
                                                 https://www.tripsavvy.com/st-louis-largest-and-top-rated-employers-3137288

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