St. Louis has worked hard to be a magnet for Fortune 500 companies. Nine members of this elite class call the city home, not the least of which is multinational agricultural giant Monsanto.
Walmart has more than 20,000 employees in St. Louis alone. Post Holding Co., which owns 24 of the most recognizable boxed cereal brands in the US, is based in the city and fast casual juggernaut Panera Bread is too.
With these headquarters surrounded by nearly 100,000 farms — Missouri is a major production state for soybeans, pork, dairy products, hay, corn, poultry, sorghum, cotton, rice, and eggs — nationally recognized university programs in agriculture and the sciences, and high-quality research facilities, St. Louis looks like a natural hub for agtech. And that’s before you get into the growing ecosystem of startup-specific resources.
Indeed the city has companies from all over the globe relocating to take advantage of the wealth of resources at hand, but the city also suffers from an exodus of companies that reach a certain point, according to a local venture capitalist.