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Clayco to expand in St. Louis, investing $50 million and creating 400 new jobs
Clayco to expand in St. Louis, investing $50 million and creating 400 new jobs
St. Louis (county)
Clayco, a full-service, turnkey real estate development, architecture, engineering, and construction firm, announced today that it will relocate and expand its St. Louis offices and operations center, investing $50 million and creating 400 new jobs.
“We’re thrilled to see an industry leader and long-time community partner like Clayco expanding its presence in St. Louis,” said Governor Mike Parson. “This significant investment is a testament to Missouri’s status as an ideal business location with the ability to provide for employers’ needs. We look forward to continuing our longstanding partnership with Clayco as it grows and creates new, good-paying jobs for Missourians in the St. Louis region.”
Clayco, which has multiple offices in Overland and Clayton, will move 580 St. Louis-based team members to a renovated facility in Berkeley. The 230,000-square-foot office in NorthPark Development will provide space for more than 1,000 employees as the company hires additional team members over the next few years. Clayco’s Berkeley location will serve as home for various subsidiaries and many of the company’s design-build construction functions, including operations, business unit leadership, architecture, process engineering, safety, IT, marketing, finance/accounting, and talent management.
“Missouri has played an important role in Clayco’s history,” said Bob Clark, Clayco’s Executive Chairman and Founder. “I grew up and started Clayco in the St. Louis region. This announcement and move ensures St. Louis and Missouri will remain an integral part of Clayco’s future. While we have a national footprint, the company is proud to employ over 1,500 people in Missouri, including our field labor and trades craftspeople. It is a high personal priority for me to do all I can to help the region regain the glory of its past. My family, Clayco leadership and I are committed to engaging the community with our funding, our time, and our hands. We are grateful to Missouri and Berkeley for helping us reach this milestone.”
“This move signifies the momentous growth Clayco has experienced over the years as we take on new projects, expand our presence and double down on our commitment to the community that gave us so much,” said Clayco President and CEO Russ Burns. “We plan to utilize the new corporate space to continue to deliver world-class solutions for our clients and provide our team with access to state-of-the-art technology and amenities while demonstrating our commitment to building a sustainable future.”
Clayco’s Berkeley location will be constructed according to its commitment to environmentally-friendly building practices, using sustainable materials, waste recycling, green spaces, and alternative transportation measures. The company’s move also signifies its dedication to attracting and retaining top talent in the St. Louis area and building on the region’s positive trajectory. Clayco is devoted to benefitting the communities where it operates and partners with local organizations to support economic development, education, the arts, medical research, disaster relief, and opportunities for minorities, youth, and the underprivileged.
New jobs added as part of Clayco’s expansion will pay an average wage well above the county and city average.
“We’re grateful for Clayco’s ongoing commitment to St. Louis as it again chooses to invest and create jobs in the region,” said Michelle Hataway, Acting Director of the Department of Economic Development. “For years, this company has benefited the St. Louis region by creating quality jobs and invaluable community impact. We’re proud to support Clayco alongside our partners as it builds on its long history in St. Louis and helps Missourians prosper.”
For this expansion, Clayco will benefit from the Missouri Works program, a tool that helps companies expand and retain workers by providing access to capital through withholdings or tax credits for job creation. The BUILD program, a program that helps companies embark on major investment and job creation expansions, was also used by the company.
What others are saying
“I would like to welcome Clayco to the City of Berkeley,” said Berkeley Mayor Babatunde Deinbo. “We know that this relationship will be mutually beneficial for decades to come, and that Clayco will be an integral part of the revitalization of Berkeley. Together we will be a shining example of ‘A Planned, Progressive, Community.’”
About Clayco
Clayco is a full-service, turnkey real estate development, master planning, architecture, engineering, and construction firm that safely and sustainably delivers the highest quality solutions to clients across North America on time, on budget, and above and beyond expectations. With $5.2 billion in revenue for 2022, Clayco specializes in the “art and science of building,” providing fast track, efficient solutions for industrial, commercial, institutional and residential-related building projects.
To learn more about Clayco, visit claycorp.com
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About the Missouri Department of Economic Development
The Missouri Department of Economic Development (DED) works to create an environment that encourages economic growth by supporting Missouri’s businesses and diverse industries, strengthening our communities, developing a talented and skilled workforce, and maintaining a high quality of life. As one team built around the customer and driven by data, DED aspires to be the best economic development department in the Midwest. Through its various initiatives, DED is helping create opportunities for Missourians to prosper.
For the latest updates on DED’s current or future programs and initiatives, visit DED’s website.
About the Missouri Works Program
As the state’s number one incentive tool for expansion and retention, the Missouri Works Program helps businesses access capital through withholdings or tax credits to embark on facility expansions and create jobs. This program can also help businesses purchase equipment to maintain its facility in Missouri.
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Taxpayer Dollars Abroad: A Deep Dive into U.S. Military Spending with Questionable Returns
In an era where economic prudence is preached, the U.S. federal government’s expenditure on foreign military financing (FMF) and other international support programs continues to spark debate. With the U.S. budget for 2024 stretching into trillions, a significant chunk, specifically 54% of discretionary spending, is allocated to defense, including substantial outlays for foreign military aid. Yet, questions linger about the tangible benefits these investments bring back to American taxpayers.
The United States supports over 150 countries annually through various military aid programs, with Foreign Military Financing (FMF) being one of the largest. In fiscal year 2023, the U.S. spent approximately $6.1 trillion, with defense activities alone accounting for 13% of this budget – around $820 billion. A considerable portion of this defense budget doesn’t end with domestic military operations but extends into foreign lands through programs like FMF, IMET (International Military Education and Training), and Peacekeeping Operations (PKO).
Israel tops the list, receiving about $3.3 billion annually, followed by Egypt with $1.3 billion. Jordan secures around $425 million each year. These allocations are intended to secure strategic partnerships, promote stability, and ensure access to military bases or intelligence-sharing. However, the return on these investments for American taxpayers often seems opaque.
The International Military Education and Training program, while less costly, still impacts over 100 countries, with each receiving from tens of thousands to a few million dollars. This program aims at fostering goodwill and ensuring that foreign militaries align with U.S. military practices and doctrines, potentially influencing future arms sales or alliances.
Critics argue that these investments yield little in terms of direct benefits to U.S. citizens. For instance, the support for countries like Pakistan, which has historically received significant funding under the Coalition Support Funds for counter-terrorism efforts, has been marred by allegations of corruption and ineffective use of funds. Recent discussions on X have highlighted concerns over money laundering within these aid programs, suggesting that the money might not even reach its intended military purposes.
Moreover, military aid to Ukraine, while politically and morally justified by many, has also been subject to scrutiny. With over $70 billion in aid, including both military and economic support, the U.S. has been a primary backer in the conflict against Russia. However, there are growing concerns about the oversight of this aid, with some questioning whether the funds are being used effectively or if they’re leading to corruption or just arming another country’s military without strategic returns for the U.S.
From an economic perspective, the benefits are debated. While military spending can stimulate the U.S. defense industry, ensuring jobs and maintaining technological superiority, the direct benefits to the average taxpayer are less clear. The U.S. spends more on defense than the next 11 countries combined, yet the economic return on this investment is often questioned, especially when considering the opportunity cost of not investing in domestic infrastructure, education, or health care.
Strategically, the U.S. aims to maintain global influence, counter adversaries like China and Russia, and secure allies. However, the effectiveness of this strategy is debated. For example, the U.S. commitment to countries like Saudi Arabia, despite human rights concerns, has been criticized, especially when considering the limited diplomatic leverage gained in return for military support.
The narrative isn’t just about dollars and cents but about the moral and ethical implications of supporting regimes or engaging in conflicts with little direct impact on American lives or security. Moreover, with economic challenges at home, many taxpayers are questioning why such significant funds are directed overseas when domestic issues persist.
The debate over U.S. taxpayer money spent on foreign military financing without much return is complex, involving geopolitical strategy, economic considerations, and ethical questions. While the U.S. has undoubtedly influenced global events through its military aid, the direct benefits to the American public remain a point of contention. As the U.S. approaches the next fiscal year, with a new administration on the horizon, the conversation about where and how to spend taxpayer dollars will undoubtedly intensify, with many advocating for a reevaluation of these international commitments in favor of domestic priorities.
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Dust in the heating system sets off the fire alarms at the Camdenton Middle School.
CAMDENTONS: Early this morning, Camdenton Middle School turned the heat on for the first time this year, resulting in some dust setting off the fire alarms. The building was evacuated, and the Mid-County Fire Department quickly responded to check everything out and ensure the building was safe. The building has been cleared, and all students and staff are safely back in the building to begin their school day. We would like to thank our parents and guardians for being patient during morning drop-off and our transportation department for acting quickly to reroute and ensure students were still safely dropped off at their buildings.
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Why the Ticket Stands Out in the 2024 Election: A Policy Comparison
In an election year characterized by stark contrasts, the policy positions of Vice President Kamala Harris and former President Donald Trump have set the stage for a pivotal choice for American voters.
In an election year characterized by stark contrasts, the policy positions of Vice President Kamala Harris and former President Donald Trump have set the stage for a pivotal choice for American voters.
Economic Policies:
- Taxation: Kamala Harris has proposed raising the corporate tax rate from 21% to 28% and adjusting individual income taxes to pre-2018 levels for high earners. Conversely, Donald Trump’s campaign advocates for reducing the corporate rate to between 15% and 20%, aiming to bolster American competitiveness internationally. This reduction could stimulate investment and job creation, potentially revitalizing sectors hit hard by economic downturns.
- Regulation: Trump’s plan to cut regulations significantly could reduce bureaucratic overhead for businesses, fostering innovation and economic growth. Harris, however, favors expanding antitrust initiatives, which might be viewed as stifling to entrepreneurial activities.
Immigration:
- Border Security: Trump’s commitment to “shut down” the current border policies, restore measures like Remain in Mexico, and implement aggressive deportation strategies directly addresses the concerns of security and sovereignty. Harris’s approach, while advocating for a pathway to citizenship, has been criticized for not addressing immediate border control effectively, potentially leading to unchecked immigration flows that could strain public resources.
- Public Sentiment: a public wary of policies perceived to favor amnesty over enforcement. Trump’s stance resonates with those advocating for stricter immigration controls, aligning with sentiments echoed across social platforms about the need for robust border security.
Foreign Policy and Trade:
- Trade: Trump’s proposed tariffs, especially on China, aim at protecting American industries from what he perceives as unfair competition. Harris’s approach to trade, focusing on “diverse energy sources” and reducing reliance on foreign oil, might appeal to environmentalists but could be slower in addressing immediate economic impacts.
- Foreign Relations: While Harris’s nuanced response on international conflicts might appeal to those seeking diplomatic solutions, Trump’s straightforward approach, aiming at immediate outcomes like ending conflicts, might resonate with voters tired of prolonged international entanglements.
Domestic Policies:
- Energy: Trump’s support for nuclear energy, alongside other fossil fuels, contrasts with Harris’s push towards renewables, which, while environmentally focused, might face criticism for its economic feasibility and immediate impact on energy prices.
- Healthcare: While Harris plans to expand Medicare’s negotiation powers for drug prices, Trump’s intentions to privatize aspects of Medicare could lead to more competition and potentially lower costs, though this remains a contentious issue due to its impact on coverage.
The choice between Harris and Trump in 2024 presents voters with fundamentally different visions for America’s future. For those prioritizing economic growth through deregulation, tax cuts, and robust border enforcement, the Republican ticket stands out. Trump’s policies, while controversial, aim at immediate economic relief and security, appealing to voters who favor domestic production, protectionism, and a strong stance on immigration. Conversely, Harris’s policies might attract those who prioritize social justice, environmental concerns, and incremental changes in economic policy.
As voters weigh these options, the Republican ticket’s promise of a robust economic recovery, coupled with stringent border controls, positions it as a more decisive choice for those seeking immediate and tangible change over potentially gradual reforms.
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