CSI Leasing expands in Weldon Spring, creating 25 new jobs

CSI Leasing, Inc. (CSI), one of the world's largest independent equipment leasing companies, announced today that it is relocating its global headquarters from Creve Coeur to a more than 138,000-square-foot facility in Weldon Spring.

"We're pleased to see an industry leader like CSI Leasing investing and creating jobs in Weldon Spring," said Governor Mike Parson. "After visiting CSI Leasing's parent company in Japan last year, it was apparent that the company values strong international relationships. We congratulate CSI Leasing on its success and look forward to its future growth in the St. Louis region."

Currently, 185 of CSI's more than 1,600 employees occupy its building in Creve Coeur. The company's new building will provide an enhanced working environment for local employees and more space for meetings, while allowing room for continued staff additions. CSI anticipates adding 25 new jobs at Weldon Spring in the near future. New jobs added at CSI's new location will pay an average wage well above the county average.

"We have grown our headcount by 10 percent in the last 18 months and I anticipate this rapid pace to continue," said Steve Hamilton, Chairman and CEO of CSI Leasing. "Our building in Creve Coeur has served us well over the last 20+ years, but we have outgrown it and need to plan for our future. Our main goals with our new home are to provide better working conditions and amenities for all our existing employees to ensure their time spent at work is productive and enjoyable, and to accommodate new employees over at least the next 10 years. We very much appreciate the cooperation and support of the City of Weldon Spring, the St. Charles County Economic Development Council, and the State of Missouri that helped facilitate CSI's decision to remain in Missouri and establish its global headquarters in St. Charles County."

CSI purchased its new building and 13 surrounding acres from Enterprise Holdings, which used the facility as a technology hub. The location is currently being modified to suit the company's needs, with a goal to move to the new space by September 2024. CSI's new headquarters will have four floors of office space and a lower amenity floor that will include a fitness center, locker room facilities, a large cafeteria, and several meeting rooms. A large outdoor patio will lead to a wooded walking trail.

"CSI Leasing's new location is the latest example of the exciting growth happening in the St. Louis area," said Michelle Hataway, Director of the Department of Economic Development. "Our state's advantages, along with contributions from our partners, ensured the success of this project that's helping Missourians prosper in St. Charles County."

CSI's parent company, Tokyo Century, was among the companies visited by Governor Mike Parson, Director Michelle Hataway, and the Missouri delegation during the Trade Mission to Japan in October 2023.

For this expansion, CSI Leasing will benefit from the Missouri Works program, a tool that helps companies expand and retain workers by providing access to capital through withholdings or tax credits for job creation.

What others are saying

"We are excited to welcome CSI Leasing to Weldon Spring," said Weldon Spring Mayor Don Licklider. "Their commitment to superior service and financial solutions has made them an industry leader locally and globally. Establishing their headquarters in Weldon Spring marks a significant milestone in their enduring commitment to innovation and customer service. CSI Leasing's impact on local economic growth is significant. As CSI Leasing establishes itself in Weldon Spring, it will create job opportunities, foster economic activity, and contribute to the local tax base. Their dedication to excellence aligns with our values, and we look forward to collaborating with them. CSI's presence in Weldon Spring represents a new chapter in our city's history, and this partnership will generate future opportunities, thus enhancing the overall quality of life for all in our community."

"CSI Leasing's decision to renovate the former Enterprise Holdings office building in Weldon Spring and move its global headquarters to St. Charles County underscores its commitment to metro St. Louis and is a culmination of collaborative retention efforts among local, regional, and state economic development partners," said Scott J. Drachnik, President and CEO of the Economic Development Council of St. Charles County.

About CSI Leasing

CSI Leasing, Inc. is one of the largest independent equipment leasing and equipment lifecycle services companies in the world. Established in 1972, CSI has operations throughout the Americas, Europe, and Asia. CSI owns Executive Personal Computers, Inc., operating under the "EPC Global Solutions" banner, which also maintains its HQ in St. Charles County.

To learn more about CSI Leasing, visit csileasing.com.

About the Missouri Department of Economic Development

The Missouri Department of Economic Development (DED) works to create an environment that encourages economic growth by supporting Missouri's businesses and diverse industries, strengthening our communities, developing a talented and skilled workforce, and maintaining a high quality of life. As one team built around the customer and driven by data, DED aspires to be the best economic development department in the Midwest. Through its various initiatives, DED is helping create opportunities for Missourians to prosper.

For the latest updates on DED's current or future programs and initiatives, visit DED's website.

About the Missouri Works Program

As the state's number one incentive tool for expansion and retention, the Missouri Works Program helps businesses access capital through withholdings or tax credits to embark on facility expansions and create jobs. This program can also help businesses purchase equipment to maintain its facility in Missouri.

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