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Missouri: An Investment Destination for Growing Companies

  • January 28, 2021

New investment continues to roll into Missouri – even as the world grapples with the impacts of the COVID-19 pandemic.

Over the past few months, Missouri has seen significant investment from several global companies. Two industries in particular are growing rapidly in the state – financial and professional services and distribution and logistics. That is according to an article from Trade & Industry Development.

Financial and Professional Services Leadership

Missouri is a leader in banking, investment, and professional services. The technology industry has experienced tremendous growth, with tech companies employing more than 120,000 people in the state. The booming tech scene in Missouri is gaining momentum with new investment from key players in the industry.

“The region’s skilled talent, vibrant technology ecosystem and strong commitment to collaboration between government, civic, business, academic and community partners made St. Louis the ideal location for our new Advanced Technology Center,” said Accenture Federal Services CEO John Goodman. “By expanding our operations in this area, we will provide our people and new hires with a great place to live and do work that matters.”

North America’s Logistics Center

As e-commerce continues to grow in the midst of the pandemic, online retailers are exploring new locations for their fulfillment centers. Missouri is a top choice for companies such as Amazon, CVS Pharmacy, and Dollar Tree, not only because of its central location, but also due to the state’s infrastructure.

E-commerce giant Chewy, Inc. recently announced plans to build one of its largest fulfillment centers in Missouri. The company sells a variety of pet-related products online and is currently building a new 800,000 square-foot facility in Belton, Missouri.

“We are thrilled to open our first fulfillment center in Missouri and continue to grow our team. We’re so excited to be a part of this community and look forward to having a presence in the region,” said Diane Pelkey, vice president of communications and public relations at Chewy.

Check out the full article from Trade & Industry Development here.

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