St. Louis is getting hammered by the economy like everywhere else, but this resilient city's economy doesn't swing as high or as low as other areas of the country. At a panel discussion, “2009-2012 — Where's the Growth?,” held by The Electrical Board of Missouri and Illinois at the Ameren UE headquarters on Jan. 22 in St. Louis, Tom Finan, publisher, St. Louis Construction News & Review, said several area contractors have construction projects approved and are ready build once banks release funding.

Thomas Garrett, assistant vice president for the Federal Reserve Bank of St. Louis and another panelist, said the city is doing better than other areas of the United States and that he expects economic conditions for the nation and St. Louis to pick up by year-end 2009. The educational and health-care markets were two of the strongest segments of the St. Louis economy, he said.

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