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St. Louis Business Journal: St. Louis one of 10 ‘surprising’ tech hubs in U.S.

Jun 22, 2015

St. Louis Business Journal TechFlash:

Employers such as BJC HealthCare, Boeing, Washington University, Scott Air Force Base and Saint Louis University are driving tech employment in the St. Louis area.

Enough so that one blogger has identified St. Louis as one of 10 surprising tech hubs around the country.

St. Louis’ concentration of tech talent — 3.95 percent, according to research from Josh Lehner, an economist at the Oregon Office of Economic Analysis — is higher than the national average (3.54 percent).

The figure still trails mega tech hubs such as Silicon Valley, Austin and Seattle, and also local metro areas like Kansas City, Charlotte and Detroit.

St. Louis ranked No. 32 out of 50 cities on CBRE’s list of tech talent hubs. Large concentrations of tech talent, the report said, would help boost the local commercial real estate market. In all, the city of St. Louis has more than 3.87 million square feet of space on the market. More tech jobs, the report says, would help spur positive absorption.

Meanwhile, St. Louis fell three spots on the Kauffman Foundation’s annual startup activity ranking, from No. 35 in the U.S. last year to No. 38 this year.

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