Economic Overview

Missouri's economy continues to expand into the next century. The state's GSP (Gross State Product) grew at a rate of approximately 3% per year over the last decade. Unemployment remains at record low levels, personal income and total state production are on the rise.

The export market in the St. Louis region is growing as well. The City of Woodson Terrace, with its close proximity to Lambert St. Louis-International Airport, is an excellent location for this market. The two largest export sectors are chemicals and agricultural products; however, growth in the industrial machinery, food products, electronic equipment and transportation equipment is expected to continue in the coming years.

The cost of living index in St. Louis County is a desirable 94.2. This means, on average, prices in the region are about 94% of what they are at the national level. In general, the area has exceptionally low prices in the areas of groceries, housing and utilities. The region has a national reputation as a great place to live, learn, work and do business.

Economic Development Council

The City of Woodson Terrace has appointed an Economic Development Council to meet the needs of developers in the area. The Council is ready to assist you with your property needs, infrastructure requirements, land assemblage and more. We make it easy for you to succeed in our City! If you would like to learn more about the City and what we can do for you, your business and your future, contact us at 314-427-2600 or log on to our web site at www.woodsonterrace.net.