Tim Alexander, Senior Director, Business Research & Analysis | LinkedIn
Tim Alexander, Senior Director, Business Research & Analysis | LinkedIn
The U.S. Census Bureau has released its Vintage 2024 Population Estimates, revealing that the St. Louis Metropolitan Statistical Area experienced an increase of 6,420 residents, marking the region's most significant growth since 2010. In response to this data, Dustin Allison, interim CEO of Greater St. Louis, Inc., shared his thoughts on the development.
"That the region saw a year-over-year growth in population, however modest, is certainly welcome news after years of decline and stagnation," Allison stated. He emphasized that alongside recent positive economic indicators, these figures suggest St. Louis is poised for a resurgence.
Allison also pointed out that while the numbers are encouraging, there remains substantial work to ensure sustained long-term growth for the area. "Much of the growth we see in this data results from international migration to the region," he noted. He stressed the importance of continuing efforts to expand the international population and highlighted the need for policies and investments aimed at attracting people from other parts of the country.
"St. Louis is the best region in the country," Allison remarked, adding that part of its strength lies in addressing significant challenges directly. He expressed Greater St. Louis, Inc.'s readiness to collaborate with regional leaders on initiatives that promote growth and help secure success throughout this decade.
Recent economic indicators support a positive outlook for St. Louis:
- The region achieved the highest rate of per capita personal income growth nationwide over five years.
- For job growth, St. Louis ranked among the top five U.S. markets for the first time since 1990.
- With a GDP increase of 2.5%, it surpassed STL 2030 Progress's target of 2%, set as part of goals for inclusive economic development.
- In terms of GDP growth in 2023, St. Louis placed 15th among America's top 30 metro areas, outperforming cities like Baltimore and Cincinnati.
For further information or inquiries regarding this statement or related topics, contact Tony Wyche at Greater St. Louis Inc.
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