St. Louis Development Corporation

What St. Louis Development Corporation does

St. Louis Development Corporation (SLDC) is the statutory economic and community development authority of the City of St. Louis, Missouri. Operating under the City of St. Louis as parent, SLDC administers development incentives, federal grant programs (including American Rescue Plan Act allocations), and Industrial Development Authority bond issuance. Its principal active initiative is the December 2025 Modular Homes Pilot Project, a $3.2 million ARPA-funded program to construct approximately 10 factory-built modular homes on city-owned vacant lots in the historic Ville neighborhood of North St. Louis, targeting households earning less than 80% of area median income and addressing both chronic vacancy and May 2025 tornado damage. Construction is executed by St. Louis-based Module Building Systems in coordination with the Land Reutilization Authority and the Land Clearance for Redevelopment Authority, with completion targeted by end of 2026.

SLDC's technology stack is non-software: the operational differentiator is a modular construction delivery model — factory-built units assembled on city-owned lots — positioned as a lower-cost, faster alternative to traditional stick-built affordable housing. The corporation does not publish commercial product pricing and does not sell a product; its "revenue model" is the administration and allocation of public capital (federal ARPA grants, IDA bond fees) toward development projects. It operates from City Hall at 1200 Market Street, Saint Louis, and reaches all 79 City of St. Louis neighborhoods through the multilingual stlouis-mo.gov portal, mayoral press releases, public hearings, and neighborhood open houses. Select customers are not commercially defined; rather, SLDC serves low- and moderate-income City households, Ville neighborhood residents, and City businesses/developers/contractors interacting with incentive and bond programs.

Name

St. Louis Development Corporation

Legal name

St. Louis Development Corporation

Website

https://stlouis-mo.gov

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

St. Louis Development Corporation (SLDC) is the City of St. Louis, Missouri's economic development authority, administering federal grants, IDA bond issuance, and affordable housing programs including a $3.2M ARPA-funded modular infill housing pilot in the Ville neighborhood.

Ownership category

akta.pro rank

Product category

Economic Development Services

NAICS

Administration of Housing Programs (925110), Administration of Housing Programs (92511), Administration of Urban Planning and Community and Rural Development (925120)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Public & Affordable Housing Programs (Subsidies, Vouchers, Public Housing) (BPAIANAA)

akta.pro secondary industry

Economic Growth, Trade & Private Sector Development Programs (BPADABAF)

Keywords

• Economic development services
• Affordable housing development
• Municipal bond financing
• Urban redevelopment programs
• Land reutilization services

Headquarters

HQ city

St Louis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Others

Revenue model

1. Federal pass-through grant funding (American Rescue Plan Act): SLDC approves and allocates federal American Rescue Plan Act (ARPA) funds to development projects; pilot project of $3.2 million approved for modular infill housing.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

SLDC administers the City of St. Louis's economic development programs, including an ARPA-funded Modular Homes Pilot Project that develops factory-built affordable infill housing on city-owned lots in North St. Louis neighborhoods, IDA Uniform Bond Issue Services for tax-exempt financing, and partnership programs with the LRA/LCRA for vacant-lot redevelopment. The corporation channels federal ARPA and EDA grant capital into housing construction and land-revitalization initiatives that the private market would not assemble on its own.

Product overview

St. Louis Development Corporation (SLDC) is a single municipal economic development entity whose offerings center on real estate, housing, and financing programs rather than a unified technology platform or modular product suite. Its named initiatives include the Modular Homes Pilot Project (a $3.2M ARPA-funded infill housing program in the Ville neighborhood executed with Module Building Systems and partner authorities), the Industrial Development Authority (IDA) Uniform Bond Issue Services (bond financing resolution adopted June 9, 2016), and joint programs with the Land Reutilization Authority (LRA) and Land Clearance for Redevelopment Authority (LCRA) addressing vacancy and tornado recovery in North St. Louis. No public-facing software products, SaaS modules, or proprietary technology platforms are documented in the supplied sources.

Differentiator

Problem solved

Functional benefit

Products and services

• Modular Homes Pilot Project An ARPA-funded affordable housing pilot that constructs approximately 10 modular (factory-built) homes on city-owned vacant lots in distressed North St. Louis neighborhoods, targeting low- and moderate-income City of St. Louis households.
• IDA Uniform Bond Issue Services Standardized Industrial Development Authority tax-exempt bond issuance services for City of St. Louis businesses, nonprofits, and developers pursuing project, facility, or equipment financing.
• Land Reutilization Authority Partnership Programs Joint partnership programs with the LRA and LCRA that streamline disposition of city-owned vacant lots to community development partners and developers for neighborhood revitalization in North St. Louis.

Quantifiable outcome

• $3.2 million approved ARPA pilot funding for ~10 modular homes on city-owned lots, with construction expected to complete by end of 2026.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered flagship builder for the ville modular infill pilot, core land-disposition partner for sldc infill projects and core redevelopment partner for sldc infill projects.

• Module Building Systemsflagship builder for the ville modular infill pilotImplementation/ SI/ Consulting Partner · 25 December 2025St. Louis-based modular construction firm selected to build approximately 10 modular homes on city-owned vacant lots in the historic Ville neighborhood as part of SLDC's $3.2 million ARPA-funded pilot. Construction expected to wrap up by the end of 2026.
• Land Reutilization Authority (LRA)core land-disposition partner for sldc infill projectsStrategic or Co-development Partner · 25 December 2025City of St. Louis land authority partnering with SLDC on the modular infill housing pilot to make city-owned vacant lots available for development in the historic Ville neighborhood.
• Land Clearance for Redevelopment Authority (LCRA)core redevelopment partner for sldc infill projectsStrategic or Co-development Partner · 25 December 2025City of St. Louis redevelopment authority partnering with SLDC on the modular infill housing pilot in the historic Ville neighborhood, supporting redevelopment of city-owned vacant lots.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• New York City Economic Development Corporation (NYCEDC): Municipal economic development corporation for New York City that administers capital, land, and incentive programs for housing, commercial, and industrial development — the largest-scale analog to SLDC's mandate, with a comparable role in allocating city and federal funds through development partnerships.
• Chicago Department of Planning and Development: Municipal department administering affordable housing funds (including federal pass-throughs), TIF districts, and land disposition programs on city-owned parcels — broader in scope but directly comparable in deploying federal capital for affordable infill housing.
• San Francisco Office of Economic and Workforce Development (OEWD): City agency administering business incentives, bond issuance, and affordable housing programs in a high-cost urban environment — broader mandate than SLDC but directly comparable in administering federal pass-through funding and development incentives.

Regional players

• Cleveland Neighborhood Progress: Nonprofit intermediary supporting Cleveland neighborhood revitalization through real estate development, vacant-land reuse, and affordable housing — operates in a similar Rust Belt city context with comparable vacancy and modular/rehab housing challenges facing SLDC's Ville pilot.

Direct peers

• Detroit Economic Growth Corporation (DEGC): City of Detroit's public economic development corporation that deploys federal and local capital (including blight elimination, land reuse, and incentive programs) through public-private partnerships on city-controlled land — directly comparable in scope, scale, and mission to SLDC's infill and redevelopment work.
• Baltimore Development Corporation (BDC): City of Baltimore's quasi-public economic development agency that manages business incentives, bond financing, and real estate development initiatives — comparable in structure, mandate, and mix of financing tools to SLDC.
• Philadelphia Industrial Development Corporation (PIDC): Pennsylvania-chartered public finance and development corporation that manages bond issuance, land assembly, and gap financing for city-led real estate and industrial projects — closely mirrors SLDC's IDA bond authority and capital-allocation role.
• Atlanta Economic Development Corporation (Invest Atlanta): City of Atlanta's economic development authority that administers tax allocation districts, bond financing, and affordable housing incentives on behalf of the municipality — directly analogous to SLDC's housing and incentive programs.
• Pittsburgh Urban Redevelopment Authority (URA): Municipal authority that acquires, assembles, and disposes of city-owned land for residential, commercial, and mixed-use development, and partners with nonprofit and for-profit developers — comparable to SLDC's LRA/LCRA land-disposition workflow in the Ville pilot.

Others

• Module Building Systems: St. Louis-based modular construction firm contracted to deliver the Ville pilot's ~10 modular homes; included as an adjacent/ecosystem participant rather than a peer, since SLDC's role is program administration and capital deployment rather than construction itself.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/CityofStLouisMO
• Facebookfacebook.com/CityofStLouis
• Instagraminstagram.com/stlcitygov
• Xx.com/SLDCmo

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about St. Louis Development Corporation