The economy in St. Robert is strong. One key indicator of the strong economy is the sharp increase in retail sales within the City limits. In 2013, retail sales exceeded $222 million, up from the $168 million in 2005. The growth in retail sales is largely due to the increase in commercial businesses in the City. Based on the city’s sales tax figures, the St. Robert’s economy continues to strive.
In fact, the commercial and retail businesses in our area have increased. During this time many new commercial and retail businesses and restaurants have chosen to located within the city such as:
- Buffalo Wild Wings
- Colton's Steakhouse
- Italian Bistro
- Kum and Go Convenience Store
- Little Caesar Pizza
- Lowe's Home Improvement Store
- Panera Bread
- Rue 21
- Shoe Sensation
- Three new hotels
Taxable Sales Revenue
The YTD Taxable Sales Revenue through July CY 2014 for Saint Robert was $107,984,690.99 and $182,102,440.37 for Pulaski County.
- Total construction valuation from 2000 to 2010 was $139.9 million
- Total construction valuation for YTD 2011 is $13.9 million
- 4.7 million residential (new housing starts up 81%) - 35 permits
- 2.6 million commercial - 3 permits
- 627 thousand in other construction - 58 permits
- New Jobs anticipated for 2011 approximately 225
St. Robert's Enhance Enterprise Zones
Enhanced Enterprise Zones are specified geographic areas designated by local governments and certified by the Department of Economic Development (DED). Zone designation is based on certain demographic criteria, the potential to create sustainable jobs in a targeted industry and a demonstrated impact on local industry cluster development.