In its April 2008 edition, Fortune magazine rates the the top 100 communities in the country to start a small business. 85th on the list, and the only St. Louis place to be included is...drumbeat please...Lemay, Missouri!
Located at the confluence of the Mississippi River and the River Des Peres, Lemay's history is as old as Carondelet's, and its welcoming business climate makes it a competitive location to start a new company. Factor in its central location, and Lemay businesses have a lower transportation costs as well.
Part of the Hancock and Bayless School districts, Lemay has a stock of older homes, many built in the 1930s, 40s, and 50s. One challenge for older communities like Lemay and our other inner ring suburbs is how to modernize their pre and post World War 2 housing stocks to keep them attractive to today's homebuyers.
One of the best routes to preserve historic neighborhoods is to keep them viable over the decades. With Lemay's notice as a good place for business, it can only mean good things for the area's other community betterment efforts.
Hats off to the many people and organizations working to promote the Lemay community, and congratulations for this recognition by one of the country's leading financial advice publications!