This article was published by The Argus on September, 28, 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.
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