Learn how St. Louis successfully retained and expanded Procter & Gamble’s home products facility at North St. Louis, resulting in the creation of new jobs and a $180 million investment.
Video courtesy of Fox 2
St. Louis, MO (September 26, 2024) — In 2022, St. Louis won a competitive search to retain and expand Procter & Gamble’s existing home products facility at 169 E. Grand Ave. Earlier this month, representatives from St. Louis Development Corporation (SLDC) and the St. Louis Economic Development Partnership (STL Partnership) joined Mayor Tishaura O. Jones and P&G’s leadership to celebrate the company’s $180 million expansion, which will result in the creation of new jobs at the 17-acre North St. Louis campus where the company produces Cascade, Mr. Clean, Swiffer and Febreze products.
In collaboration with Missouri Department of Economic Development and STL Partnership, through the Port Authority, SLDC supported P&G with access to economic development incentives. The Port Authority issued $180 million in industrial revenue bonds to help fund the expansion as part of an incentive package that provides a sales tax exemption for construction materials and a personal property tax abatement for purchasing new equipment. P&G’s investment in St. Louis is expected to create approximately 100 additional jobs at an average annual wage of $65,000 and retain 530 existing jobs.
“We need strong partnerships with businesses who see the same prosperous future for St. Louis that we do,” said Mayor Jones. “When P&G chose North St. Louis City as the site for their new Collaboration Center, we worked with them to develop an agreement that strengthens our city, our public school system, and our residents.”
“Helping to ensure P&G continues to grow in St. Louis is a huge win for our city and region,” said SLDC’s President & CEO, Neal Richardson. “Key to this win was regional collaboration to provide an incentive package and a jobs program that connects P&G with more employees from the City of St. Louis. We are optimistic about P&G’s future in St. Louis and the employment opportunities that will accompany its growth.”
Daniel Palop Rabat, Plant Manager for P&G St. Louis said “P&G is proud to be part of the St. Louis community. This expansion marks a significant milestone as we approach our 100th anniversary in 2027. With state-of-the-art automation and increased production capacity, we are committed to innovation, sustainability, and excellence. This investment not only enhances our operational efficiency but also creates new job opportunities, boosting the local economy. We look forward to continued growth and collaboration in St. Louis.”
“As an organization, we are constantly striving to help companies retain and expand their business here in St. Louis,” said Rodney Crim, CEO and president of STL Partnership. “We are proud to have contributed to this project as P&G continues to be an essential part of the St. Louis region’s economy.”
About Procter & Gamble:
Jobs: https://www.pgplantjobs.com/us/en/st-louis
WIKIPedia:
The Procter & Gamble Company (P&G) is an American multinational consumer goods corporation headquartered in Cincinnati, Ohio,[2] founded in 1837[3] by William Procter and James Gamble.[4] It specializes in a wide range of personal health/consumer health, personal care and hygiene products; these products are organized into several segments including beauty; grooming; health care; fabric and home care; and baby, feminine, and family care. Before the sale of Pringles and Duracell to Kellogg’s and Berkshire Hathaway, respectively, its product portfolio also included food, snacks, beverages, and batteries.[5] P&G is incorporated in Ohio.[6]
In 2014, P&G recorded $83.1 billion in sales. On August 1, 2014, P&G announced it was streamlining the company, dropping and selling off around 100 brands from its product portfolio in order to focus on the remaining 65 brands,[7] which produced 95% of the company’s profits. A.G. Lafley, the company’s chairman and CEO until October 2015, said the future P&G would be “a much simpler, much less complex company of leading brands that’s easier to manage and operate”.[8] In 2023, the company was ranked 55th in the Forbes Global 2000.[9]
St. Louis, Procter & Gamble, expansion, retention, North St. Louis, facility, job creation, investment, home products, Cascade, Mr. Clean, Swiffer, Febreze.
#StLouis #PandG #expansion #NorthStLouis #facility
