ClayCo CRG

St. Louis Fed says food, other costs rising but data center construction helping regional economy

A new Federal Reserve Bank of St. Louis report indicates that while food and electricity costs are rising in the region, data center construction is significantly boosting the local economy. Data center projects in areas like St. Louis and Festus have faced public opposition, notably leading to the ousting of half of the Festus City Council after approving a project by ClayCo CRG. The report also cautions that the economic benefits from data centers might be temporary.