Charter Moving Headquarters Out of St. Louis Area

Posted on: 7:31 am, October 2, 2012, by , updated on: 06:33pm, October 2, 2012

(KTVI) – They have been headquartered in the St. Louis area ever since the Fortune 500 company was founded nearly 20 years ago.

But now Charter Communications is moving its corporate headquarters to Stamford, Connecticut.

A Charter spokesperson, however, tells us the impact of the move on St. Louis will be minimal.

Jessica Hardecke, Charter`s Senior Manager of Communications, says all of the company`s facilities in the St. Louis area will remain open and no one is being laid off as a direct result of the headquarters move.

Among the facilities staying open- what will be the former headquarters building along I-270 near Manchester Road in Town and Country.

Hardecke says Charter has 2,800 workers in the St. Louis area and the vast majority of them won`t be impacted by the headquarters relocating to Stamford.

We`re told a small number of jobs are leaving St. Louis because of the headquarters move and those people were all offered relocations to the new home base.

Charter is actually adding 300 new jobs to our area by the end of the year.
Charter is leasing 70,000 square feet in Stamford for its new headquarters and will eventually add 200 jobs there.

Charter did get economic incentives from Connecticut to come there including a low interest loan with deferred payments.

In fact, all or part of the loan can be wiped out if certain job milestones are met.
But Charter insists this move was not about economic incentives.

Hardecke says the east coast has a larger job pool and better infrastructure in areas like transportation.

Charter`s top two executives are already based in New York and the company has been looking to increase its presence there for some time.

Connecticut`s governor is slated to release more details about the Hardecke tells us it could be weeks or even months before the move is complete.