1. Presented by: St. Louis Economic Development Partnership
Toolbox for Growth
Presented by: St. Louis Economic Development Partnership

2. Our Mission and Organizational Structure
To lead in the development and growth of long term diversified business and employment opportunities by creating innovative solutions that generate increased wealth and enhanced quality of life for the citizens, businesses and institutions of the St. Louis region.
Saint Louis Economic Development Partnership
World Trade Center St. Louis
St. Louis Mosaic Project
EB-5
Business Development & Finance
Innovation & Entrepreneurship
St. Louis Venture Works
Marketing & Communications
General Counsel
Real Estate & Community Development
Strategic Initiatives
Advanced Manufacturing

3. Business Development Business Retention/Expansion Clusters
Track companies for growth
Facilitate incentives and financing
Solve Infrastructure issues
Examples – NGA, Cushman & Wakefield
Focus on growing sectors in the region
Target funding mechanisms that assist company expansion
Collaboration
Collaborative effort with communities to produce common goals and objectives – getting everyone on the same page
Clusters

4. Programs State programs Local programs Missouri Works / Zone Works
Training
BUILD and Tax Credits for Contribution
Brownfield Tax Credits
Sales tax exemptions for energy & equipment – Manufacturing Only
Local programs
Chapter 99/100/353 & TIF/EEZ/FTZ
Sales tax exemptions on construction materials
Local training programs – SLATE , On-the-Job Training
New Markets Tax Credits

5. Basics on Programs MO Works & Zone Works
10 new jobs, 90% of county avg. wage (MO works); 2 new jobs min., 80% of county avg. wage (Zone Works)
Retain state w/h taxes
Must offer group health insurance
Chapter 100
Only program that can provide abatement for real & personal property
Chapter 99
Up to 10 year abatement exclusive of improvements.
Project must be substantially completed as well as having obtained the occupancy permit before being implemented
Must be “blighted area”
Chapter 353
Tax abatement available for 25 years.
Typically first 10 years, real property receives 100% abatement
May receive remaining 15 years at 50% abatement
Must be “blighted area”

6. Basics on Programs New Market Tax Credit’s Revolving Loan Fund
Location-based incentive
Gap financing tool
Offers ~20% equity into the project
Community impact driven
New Market Tax Credit’s
Partnership w/ Advantage Capital
$500K - $5MM Lending Range
Designated specifically for Operating Businesses
Revolving Loan Fund

7. Typical 504 Loan Structure
Existing Business, Multi-use Building
50% Bank
40% BFC
10% Down payment
New Business OR Single Use Building
50% Bank
35% BFC
15% Down payment
Both New Building and Single Use Property
50% Bank
30% BFC
20% Down payment

8. SBA 504 Loan Program Overview
Advantages to program
Low 10 or 20 Year Fixed Rates
Lower Down Payment (Typically 10%)
Longer Terms on Equipment
Preserves More Liquidity in Business
Collateral Typically Limited to Project Property
Eligible costs
Land & building acquisition
Construction or renovation
Purchase of heavy machinery or equipment
Reasonable contingencies
Furniture & fixtures (typically 30% of project amount)
Generally “soft costs”(i.e., professional fees & construction interest)

9. Specialty Loan Programs
BOOST Loan Program
Purchase of fixed-asset such as buildings or large equipment
Faster turnaround than the SBA 504
Revolving Loan Programs (Metropolitan Loan Program & EDA Loan Program)
Can be used for most business purposes
Typically must create at least one job per $35,000 borrowed
Can be a good gap filler for larger projects
Most programs do require a bank decline letter or bank participation
IDA Bonds
Projects in excess of $2 million
For manufacturing or 501(c)(3)

10. Past Projects in University City
Loan through the SBLP program for SLEDROC Construction – minority owned contractor
SBA 504 for the purchase of the building at 6262 Olive Blvd for Formula Impressions Corp. d/b/a Cruisin’ USA
Small loan for the Palomino Lounge, located right outside of U City on Delmar.

11. 39° North – Plant Sciences Innovation District
Proposed Master Plan
Creve Coeur Location
Shared use greenways
Central along MO Agriculture Corridor
Mixed-use Center of Activity
Proposed Folded Diamond Intersection

12. STL Venture Works wellston west county helix center grand center
south county

13. Real Estate & Community Investment
Staff Support
Land Clearance Redevelopment Authority
Promise Zone
St. Louis Port Authority
EDA Fund
STLVentureWorks Property Management
Community Development Block Grants
Jamestown Mall
Lemay Streetscape
New Construction
Special Projects

14. World Trade Center – St. Louis What we do
Increasing trade & investment
Trade training & education
Foreign market research
Foreign Trade Zone
EB-5 foreign investment
Enhancing connectivity
Inbound & outbound delegations
St. Louis Sister Cities

15. Mosaic Project – Programs
Mosaic Ambassadors Program
700+ people, 32 schools, 6 companies
Professional Connectors Program- over 120 foreign-born assisted in career networking
International Students/ Corporate Hiring Program
Immigrant Entrepreneurship
St. Louis Shows Biggest Gain in
Foreign-Born Population of 20
Largest Metros

16. Contact Info
St. Louis Economic Development Partnership –
Business Development
Jason Archer
VP of Business Development
Jeff Frankel
AVP – New Market Tax Credits
Zack Folk
Business Development Specialist
Business Finance
Judy Cromer
VP of Business Finance Operations
Ron Epps
AVP of Business Finance