Meet Stephen Westbrooks: The New Face of St. Louis Development Corporation Leadership
The St. Louis Development Corporation (SLDC) made a major announcement by appointing Stephen Westbrooks as its new President and CEO. On March 4, 2026, the board finalized this decision, creating a pivotal moment for the city’s leading economic development agency. By selecting Stephen Westbrooks as the new SLDC CEO, SLDC aims to energize its mission, push for greater transparency, and drive impactful growth in St. Louis. Westbrooks takes over from interim CEO Otis Williams, who led the agency after former CEO Neal Richardson left in May 2025.
This article highlights why this new chapter is so important for St. Louis Development Corporation leadership. We’ll look at Westbrooks’ background, his vision for community-focused development, and how his leadership could shape the future of economic development in St. Louis.
A Leader Forged in Finance and Community
Stephen Westbrooks knows the challenges and opportunities in St. Louis well. As a St. Louis native, he cares deeply about the cityâs success. He combines this commitment with more than 15 years of experience in both high-level finance and grassroots community development. Throughout his career, Westbrooks has used financial tools to create real social impact. Thanks to this practical focus, he holds skills that directly support the SLDCâs mission.
From Corporate Finance to Community Capital
Westbrooks started his career in corporate finance and mergers and acquisitions during the aftermath of the 2008 financial crisis. These early years helped him sharpen his financial analysis skills. Soon after, he chose to move toward mission-driven finance, wanting to use his expertise to help build stronger communities. As a result, he shifted his focus from traditional finance to making a meaningful social impact.
Before his most recent role, Westbrooks worked as an underwriter and developer at Affordable Equity Partners. There, he managed complex Low-Income Housing Tax Credit (LIHTC) transactions. He also led the creation of a New Markets Tax Credit Program. Both tools played a key role in funding projects that support underserved areas. Through these efforts, Westbrooks gained valuable experience in structuring deals that directly impact communities.
Driving Regional Impact at IFF
Most recently, Stephen Westbrooks served as Executive Director of the Southern Region for IFF, a leading Community Development Financial Institution (CDFI). He joined IFF in 2016 and quickly took on responsibility for lending, real estate consulting, and operations across Missouri, Kansas, and Southern Illinois. At IFF, he steered capital toward key community assets such as schools, affordable housing projects, and health centers. Because of this experience, he understands how to build impact across diverse communities. You can learn more about the organization’s work at IFF.org.
A Vision for St. Louis Development Corporation Leadership
Westbrooks steps in at a critical moment for SLDC, bringing experience that matches the cityâs demand for fair economic growth. He removes financial barriers and connects under-resourced neighborhoods with the capital they need for revitalization. By focusing on both economic returns and social benefits, he plans to guide SLDCâs future strategy. Through this targeted approach, SLDC aims to deliver impactful projects that benefit everyone in St. Louis.
Mayor Cara Spencer believes that new leadership will boost the agencyâs effectiveness and transparency. Stephen Westbrooksâ proven track record matches these goals well. He combines strong technical financial skills with deep community engagement. With this blend, Westbrooks plans to reshape how St. Louis drives development. If you want more insight on why authentic community stories matter, take a look at The Power of Narrative in Community Building.
Educational and Civic Foundations
Westbrooks built his impressive career on a strong educational background and a deep commitment to civic duty.
Academic Credentials
- Vanderbilt University: Bachelorâs degree in Economics
- Washington University in St. Louis: MBA from the Olin Business School
His strong education gave him the tools to tackle complex economic landscapes with confidence. In 2023, the Titan 100 honored him as one of St. Louisâ top business leaders, which highlights his recognized impact and leadership.
Deep Roots in St. Louis Community
In addition to his professional achievements, Westbrooks shows strong commitment to St. Louis through his civic engagement. He takes on many influential roles across the city. For example, he serves on the Community Development Advisory Council at the Federal Reserve Bank of St. Louis. He also led as President of the Board for Habitat for Humanity Saint Louis. Furthermore, he currently sits on the boards of Great Rivers Greenway and Tower Grove Park. With these ongoing efforts, plus his distinction as an Eagle Scout, Westbrooks demonstrates a lifelong dedication to service and a deep understanding of the St. Louis community.
- Federal Reserve Bank of St. Louis: Serving on the Community Development Advisory Council.
- Habitat for Humanity Saint Louis: Former President of the Board of Directors.
- Great Rivers Greenway & Tower Grove Park: Current board member for both organizations.
His extensive community involvement and recognition as an Eagle Scout reflect a lifelong dedication to service. Westbrooks understands the local landscape on a deep level. In every role, he takes initiative to build connections and champion St. Louisâs needs. Through years of commitment, he has earned a reputation for service and insight across the city.
What’s Next for Economic Development in St. Louis?
With Stephen Westbrooks leading, SLDC begins a new era. His leadership champions strategy, fairness, and transparency in every decision. He brings sharp financial skills and a passion for meeting the real needs of St. Louis neighborhoods. As he moves forward, St. Louis can expect a more inclusive and dynamic approach to growth. Both business leaders and residents will follow his progress closely. Together, they will watch to see how Westbrooks’ vision shapes a more prosperous future for everyone in the city.
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