Economic Development

The Crestwood Board of Aldermen adopted an ordinance creating an Economic Development Commission (EDC) in November 2004. The purpose of an Economic Development Commission is to guide and assist with the development, promotion and implementation of strategies in order to identify and achieve the City's economic development goals.

In addition to drawing on valuable local expertise, an EDC can help foster more positive interactions with the Crestwood business community. The EDC will consist of seven (7) members appointed by the Mayor with the approval of the Board of Aldermen. Members shall be residents of the City of Crestwood or owners, managers or employees of Crestwood businesses or owners of real property located in the City.

The EDC will provide a forum for building consensus on the economic issues facing Crestwood and the means for addressing them; facilitate development of the City's vision as to the type of local economy the City needs, desires and can support; formulate, develop and implement economic development strategies for the City to achieve its economic goals; and advise and make recommendations to the Mayor, Board of Aldermen and staff on matters relating to the City's economic goals and strategies.

Goals
The City of Crestwood is comprised of approximately 3.57 square miles. The City is fully built out. The City's goals are to aggressively encourage more retail uses in its central business district and to capitalize on its low commercial tax burden and its existing status as a major retail hub for near-southwest St. Louis County, Missouri.

  • Improve the quality of life for residents through enhanced shopping opportunities, alternative housing options, job creation, and increased local tax revenues as a result of expanding the community's economic base.

  • Provide and maintain an attractive community that creates a positive public image and encourages individuals, families, and businesses to locate and invest in the community.

  • Maintain the diversity of land uses within the City while encouraging redevelopment that meets future needs of the community and builds upon existing retail and commercial uses.

  • Develop “anchor” projects that encourage retail, commercial, and related mixed uses – including residential units, which will support the existing business and residential areas of the City.

Strategy
Crestwood Economic Development Strategy

2015-2016 Business Directory

Crestwood has a strong pro business attitude and is home to over 300 businesses including large companies, popular retail stores, and smaller family businesses. You'll find everything you need right here in Crestwood. To view a listing of all Crestwood licensed businesses and newly licensed businesses, please click on the links below.

2015-2016 Business Directory

Development
Crestwood is host to a number of commercial and industrial vacancies which provide developers and business owners with a great opportunity to establish themselves in a desirable community.  With 12,000 residents and a median household income of $54,000, Crestwood is a great place to set up shop.

Located within the southwestern portion of St. Louis County, just east of the interchange of Interstates I-44 and I-270, Crestwood is easily accessible from any direction.  The Gateway Arch, Lambert International Airport and downtown St. Louis are all within 30 minutes of Crestwood.  At $0.3990 per $100 assessed valuation, Crestwood maintains one of the lowest commercial property tax rates in the St. Louis area, ranks among the best municipal services in St. Louis County and features one of the best public school systems in Missouri (Lindbergh School District).  The City of Crestwood encourages economic development and has approved developments utilizing tools such as TIF, CID and TDD.  Watson Road is the commercial corridor within the City of Crestwood and currently contains retailers such as Kohl's, Schnucks, Shop ‘n Save and OfficeMax. Crestwood Court, recently purchased by UrbanStreet, is a 49 acre site with 1.1 million square footage of retail space that is currently undergoing redevelopment. 

2015 Crestwood Business Survey

Crestwood Zoning District Map

Opening A Business In Crestwood


Small Businesses and Entrepreneurial Startups

Small businesses and entrepreneurial start ups are abundant in our City. In fact, the City has a bespoke-tailored program for businesses such as these that allows city staff to waive business license fees for up to three (3) years over a five (5) year period for industry targeted entrepreneurial start ups & unique businesses. In order to qualify for the program, the business must meet the following criteria:

1.) The business must be new to Crestwood.

2.) The business must be a small business.

For the purposes of this program, small businesses are defined as having fewer than 20 employees and/or less than $30 million in gross receipts.

3.) The business must fall within a targeted industry.

332 – Fabricated Metal Product Manufacturing;

333 – Machinery Manufacturing;

334 – Computer and Electronic Product Manufacturing;

335 – Electrical Equipment, Appliance, and Component Manufacturing;

336 – Transportation Equipment Manufacturing;

339 – Miscellaneous Manufacturing;

7225 – Restaurants and Other Eating Places;

312120 – Beer Brewing (Microbrewery).

Additional program guidelines:

4.) There is a cap of seven (7) businesses per year entering the program.

5.) There will be a cap of $100,000 in fees waived per business, per year. 

6.) Home based businesses do not qualify for this program.

7.) No waiver shall be granted for businesses that are delinquent under Section 13-224

If you are interested in applying for this program, please contact:

City Planner, Adam Jones, AICP by phone at 314.729.4781 or via email at ajones@cityofcrestwood.org

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