Three years after St. Louis and St. Louis County agreed to a partial merger of their economic development operations, they’ve produced their first joint plan.
The new Comprehensive Economic Development Strategy includes a special emphasis on the north St. Louis and north St. Louis County areas designated as a federal Promise Zone.
The Promise Zone designation, awarded by the federal government in the wake of the Ferguson unrest, gives added points to grant applications from areas in the region beset by poverty and disinvestment.
The plan from the Economic Development Partnership, which was formed in 2013 by merging some functions of the St. Louis Development Corporation and the St. Louis County Economic Council, is another small step toward greater integration of parochial economic development agencies in the region. And it offers more detail on objectives and strategies than the combined group’s initial planning effort, unveiled in May 2014.
The plan calls for investing in infrastructure and real estate, and continued support of entrepreneurship activities through programs that finance new business creation and encourage young people to start businesses.
Read more: St. Louis Post-Dispatch