From its early days as a trading post and meat packing center, St. Joseph has evolved into a city with a thriving and diverse economy.
Expansion Management magazine recognized St. Joseph and Buchanan County as “number one in the nation” (of small metros) for business recruitment and attraction. Expansion Management is the leading trade publication of the site selection profession. St. Joseph’s economic development partnership and local business environment are both ranked among the best of the best in the nation.
Businesses in St. Joseph take advantage of a stable workforce and competitive incentives, with an affordable salary base that is 17 percent below the national average. Electricity, gas, and water utility rates in St. Joseph are among the lowest in the nation, and St. Joseph's favorable tax structure translates directly into industry profitability.
While St. Joseph's largest single employer is the hospital system, the city has a diversified employment base that helps maintain a healthy and growing economy. Major employers range from education to animal pharmaceutical production, aerial work platform manufacturing to riverboat gambling.
St. Joseph offers a wide array of industrial and commercial property. Mitchell Woods is a 500-acre, carefully planned business community designed to serve the needs of light manufacturers, distributors, high-tech operations, and other companies requiring attractive, efficient, and cost-competitive square footage. The St. Joseph Regional Port Authority also has sites available, all serviced by railroad with nearby interstate access. Eastowne Business Park is a unique, 350-acre, mixed office and industrial development with outstanding access to I-29 and 36 Highways. With a focus on flexibility and accommodating the interests of diverse corporations, Eastowne Business Park offers numerous options for your business endeavors.