Let us now turn to the economic complexity data to verify the supposition that an outsourcing of middle- and commodity-skill level production jobs, and the outsourcing of R&D jobs, will likely lead to a lowering of the region’s economic complexity.
So... Here's why questions of economic complexity are relevant to the St. Louis region.
"Increasing a region’s or country’s economic complexity — by making products of high complexity — is associated with increasing incomes and affluence.
Countries whose economic complexity is greater than [expected] tend to grow faster than those that are “too rich” for their current level of economic complexity."
In my previous article, on the Bioscience Labor Market Analysis, I concurred with the report's findings that an emphasis on manufacturing is a factor in making the St. Louis region unique, saying, "This is can indeed be a source of competitive strength."
"Locating research and development in close proximity to production and manufacturing can build an ecosystem effect in which R&D becomes more market- and production-focused. As a result, ideation can be more focused and the product development lifecycle shortened."
Unfortunately, this happy outcome is not guaranteed. Here's why.
Please join EQ in welcoming our new columnist, Mike Frabrizi, who will be writing about economic complexity and the places we live. His first series of articles reviews the well-articulated and researched paper St. Louis Bioscience Labor Market Analysis (University of Missouri Exceed Extension, December 2021), and extends the good news story and suggest some means by which the former study can be built upon to help ensure that the St. Louis region continues to generate well-paying jobs and that per capita income growth continues.
Join EQ after work at 6pm, this Wednesday at TechArtista Downtown for the Black Tech STL Meetup where I’ll be moderating a discussion on the topic of “Growing Black Tech in STL!“ Doors open at 6pm for free food and networking. The 45-minute panel discussion will start at 6:30pm and then you’re invited to join […]
St. Louis-based advertising network, Decide (which rebranded from LockerDome in February of this year) is serving ads on three alt-right publications according to an article published on the Gateway Journalism Review. In effect, this means that Decide both makes money from ads served against alt-right content and pays those sites publishing alt-right content. However, Decide’s […]
I’m glad to report that, following pressure from EQ in February, TechSTL has contracted a local web development firm for future work and sponsored an independently produced startup pitch event. Plus, Lindenwood has posted a job for ITEN Mentor Relations, which suggests some of the grant money is going to create new roles in the […]
Leaders from St. Louis’ business, civic, academic, and governmental communities announced the launch of the Taylor Geospatial Institute, a first-of-its-kind institution that brings together eight leading research institutions to collaborate on research into geospatial technology.
Zach Greene, an Advisory Board Member for Homeplan, completed this interview with EQ last year, but for various reasons I’d not gotten around to publishing it. Noticing that it was #420 on the internet today, now seemed a good time to introduce him and his consulting company, Quarter Coast, which specializes in highly regulated domestic […]
Bryon Pierson, founder of EDUrain, is delivering VentureCafe’s programming this week with a three-panel session over a couple of hours block. He’s got together a great set of speakers to not only discuss cybersecurity, but also how to build social impact businesses and why it’s an end-to-end opportunity in St. Louis. More Info Here Join […]
With the deadline for the Arch Grants Startup Competition fast approaching, EQ reached out to former recipients to get their advice on applying. As a one-time recipient and two-time applicant, myself, I heartily agree with the treasured sentiments below: if you’re on the fence, this is one deadline to cram last minute and get your […]
Compassion may not be the first emotional reaction you’d associate with the cut-throat world of business. Best-selling author Tim Sanders believes it needs to be right up there. Tim has credentials many can only dream of. He was a key player at Yahoo! before writing his New York Times bestseller, ‘Love is the Killer App: […]
Arch Grants, a 501(c)(3) nonprofit seeking to catalyze economic development in St. Louis, has announced that Gabe Angieri has accepted the appointment to be the next Executive Director of the organization. Serving as Arch Grants’ Director of Development for the last five years, Angieri’s passion for the organization and its mission were responsible for unprecedented […]
Director of Chaifetz Center for Entrepreneurship at Saint Louis University, Lewis Sheats his journey of entrepreneurship, the growth of Chaifetz Center for Entrepreneurship, SLUStart, Be Heard: Women in Leadership Conference, the value of building relationships. Lewis, a new resident to St. Louis, talks about some newly-discovered favorite parts of the city, his hunt for wings and pizza, Short Walk Wines, and an example of kindness he's experienced!
Making communities pet friendly is a hot topic as more and more of us have fur babies and want to include them in our daily lives away from the home. Leib Dodell and the Bar K team are on a roll in meeting this need. Already Wildly successful in KC they opened in The Grove […]
‘Last mile’ opportunities in the retail, hospitality and delivery industries are exploding just about everywhere. One person who knows a thing or two about this growing market is Mary Wolff. She went from reinventing retail with Eddie Lampert to helping SoftBank funded REEF Technologies turn underused urban spaces into ‘last mile’ homes for the on-demand […]
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