Clayco has announced that it will relocate and expand its St. Louis offices and operations center to St. Louis County. The real estate development, architecture, engineering, and construction firm’s $50 million investment is expected to create 400 jobs.

Gov. Mike Parson called the expansion a “significant investment.”

“These 400 news jobs will add to the more than 31,000 jobs our state has added so far this year,” said Parson. “That’s on top of over 83,000 new jobs added and more than $3 billion in business investment last year.”

He said this is a testament to Missouri’s status as an “ideal business location” with the ability to provide for an employer’s needs. The new location will serve as a home for various subsidiaries and many of the Clayco’s design-build construction functions.

Missouri Department of Economic Development Director Michelle Hataway talked about Clayco’s plans to relocate to Berkeley, in St. Louis County.

“This is a company that not only is investing in creating jobs, but also supporting the industries that are critically important to the St. Louis area’s continued success,” she said. “As for the state’s involvement and continued growth, the Department of Economic Development offers programs to help businesses like Clayco grow and expand or locate at our great state.”

Bob Clark, Chairman and Founder of Clayco, said the decision was easy because he said Missouri is a great place to live and work.

“Our employees want to be here,” Clark said. “They want to stay here and we’ve been having terrific success recruiting people to the state of Missouri. It’s affordable and it has a diverse economy. It’s a welcoming community and we could not be more excited to be growing our platform in the St. Louis region and in the state.”

According to the state Department of Economic Development, the jobs will pay an average wage “well above” the county and city average.

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