*Media Advisory*

7/11/2006

WHAT: "When Businesses Look for a Location," an analysis of how companies choose neighborhoods in which to expand or relocate.

WHEN: 11:30 a.m. to 1:15 p.m., Wednesday, July 19. Lunch is provided.

WHERE: Hilton St. Louis Frontenac, 1355 S. Lindbergh Boulevard, St. Louis

WHO: The Federal Reserve Bank of St. Louis

WHY: St. Louis Fed economist Chris Wheeler will present the findings of his new study on business growth in neighborhoods, one of the few that looks at the data from the neighborhood level and attempts to identify the community characteristics that attract business. Wheeler's analysis looks at zip codes across the country and then focuses on data from St. Louis, as well as the St. Louis Fed's branch cities of Little Rock, Louisville and Memphis.

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