ST. LOUIS, Mo. (KMOX) — The St. Louis area may be losing a corporate headquarters to Chicago, but Mayor Francis Slay says that’s not representative of what’s happening here.

In response to Clayco’s move to the Windy City, Slay points to the jobs that are moving here from the New York City.

“There financial services business has actually dropped by nearly ten percent in New York, while our percent of jobs in the financial service sector has gone up by 85 percent in the past 5 years,” Slay told KMOX Friday.

Clayco Chairman Bob Clark tells KMOX’s Charlie Brennan that one reason for the move is Chicago’s airports, which allow easier access to the company’s projects.

Slay agrees saying, “It’s important that we have a good transportation infrastructure, that we have a quality airport, and that our ports can handle the commerce up and down the river.”

He hopes legislature can help. A transportation bond issue may take center stage in the upcoming session.